Wealth Management Business Analyst - Security Master @ Remote
Jobs via Dice · United States
- Hybrid
- Full-time
- $150,000 / year
- United States
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Job highlights
- Lead functional requirements for Security Master build-out.
- Define data lifecycle from sourcing to "Golden Copy".
- Manage global securities for trading, reporting, compliance.
- Deep expertise in wealth management and financial instruments.
- High-impact role designing a firm's investment engine.
About the role
Lead Functional Business Analyst – Security Master Initiative
Momento USA is seeking a highly specialized Wealth Management Subject Matter Expert (SME) to lead the functional requirements gathering for a greenfield Security Master build-out. This individual will act as the bridge between our business stakeholders—serving Mid-Value to Ultra-High-Net-Worth (UHNW) clients—and our technical architecture teams.
The ideal candidate possesses a deep understanding of the data lifecycle of a financial instrument, from initial sourcing to the creation of a "Golden Copy." You will be responsible for defining how our firm identifies, classifies, and manages global securities to ensure seamless downstream trading, reporting, and compliance.
Key Responsibilities
- Requirements Leadership: Lead the end-to-end collection and documentation of functional requirements for a robust, scalable Security Master system.
- Document Ownership: Author the Requirements Definition Document (RDD), ensuring it contains the level of granularity required for developers to build data schemas and validation engines.
- Data Governance Design: Define the business logic for creating a "Golden Copy," including data scrubbing, source prioritization (e.g., Bloomberg, Reuters, IDC), and exception handling.
- Symbology Management: Establish requirements for cross-referencing global identifiers (CUSIP, ISIN, SEDOL, FIGI, Ticker) to ensure data integrity across various custodial platforms.
- Asset Classification: Design the taxonomy for asset classification (GICS, BICS, or proprietary frameworks) to support complex UHNW portfolio reporting.
- Stakeholder Management: Facilitate workshops with Portfolio Managers, Operations, and Compliance to ensure the Security Master supports Mid-Value to UHNW specificities, such as tax-aware investing and bespoke instrument types.
Technical & Domain Expertise
- Security Breadth: Advanced knowledge of diverse financial security types, including but not limited to: Fixed Income (Corporate/Gov Bonds, Munis, and High-Yield), Equities (Domestic and International stocks, ADRs, and Preferreds), Pooled Vehicles (ETFs, Mutual Funds, and Closed-End Funds), and Complex Instruments (REITs, Structured Notes, and Derivatives).
- Managed Services: Familiarity with the operational workflows of Managed Accounts (SMA/UMAs) and how security data impacts sleeve-level accounting.
- Lifecycle Knowledge: Understanding of Corporate Actions, accrual logic, and pricing frequency requirements for UHNW reporting.
Qualifications
- Experience: 8+ years in Wealth Management, specifically within Data Management or Middle Office operations.
- Documentation: Proven track record of delivering high-quality RDDs/BRDs for large-scale data migrations or master data management (MDM) projects.
- Market Data: Deep familiarity with vendors like Intercontinental Exchange (ICE), and Morningstar.
- UHNW Focus: Understanding of the precision required for UHNW reporting (multi-currency, complex tax lots, and bespoke asset classes).
- Communication: Ability to translate "Street" terminology into functional technical specifications.
Note to Candidates: This is a high-impact role. You are not just documenting fields; you are designing the "source of truth" that will power a firm's investment engine for the next decade.
Key skills/competency
- Wealth Management
- Business Analysis
- Security Master
- Data Governance
- Requirements Gathering
- Financial Instruments
- UHNW Reporting
- Master Data Management
- Stakeholder Management
- Market Data Vendors
Skills & topics
- Wealth Management
- Business Analyst
- Security Master
- Data Management
- Middle Office
- Requirements Gathering
- Financial Instruments
- UHNW
- Master Data Management
- SME
- Bloomberg
- Reuters
- ICE
- Morningstar
- RDD
- BRD
- Compliance
- Reporting
- Trading
- Asset Classification
How to get hired
- Tailor your resume: Highlight 8+ years in Wealth Management, Data Management, or Middle Office. Emphasize RDD/BRD experience for MDM or data migrations.
- Showcase expertise: Detail your knowledge of diverse financial securities, market data vendors (ICE, Morningstar), and UHNW reporting precision.
- Quantify achievements: Provide examples of successful requirement documentation and data governance design projects.
- Prepare for interviews: Be ready to discuss translating 'Street' terminology and designing a 'source of truth' system.
- Apply via Dice: Utilize the platform to submit your application for this high-impact Lead Functional Business Analyst role.
Technical preparation
Master financial instrument data lifecycles.,Understand security identifiers (CUSIP, ISIN, SEDOL).,Familiarize with market data vendors (ICE, Morningstar).,Review MDM project documentation standards.
Behavioral questions
Describe a complex data governance challenge.,How do you translate business needs to tech specs?,How would you manage diverse stakeholder expectations?,Explain your approach to ensuring data integrity.
Frequently asked questions
- What is the primary focus of the Lead Functional Business Analyst role at Momento USA?
- The primary focus is leading the functional requirements gathering for a new Security Master system, acting as a liaison between business stakeholders and technical teams, and defining the data lifecycle for financial instruments to ensure accurate trading, reporting, and compliance for Mid-Value to UHNW clients.
- What specific wealth management experience is Momento USA looking for?
- Momento USA is seeking at least 8 years of experience in Wealth Management, with a specific emphasis on Data Management or Middle Office operations. Understanding of UHNW reporting nuances, such as multi-currency and complex tax lots, is also crucial.
- What does "Security Master build-out" entail in this role?
- A "Security Master build-out" refers to the creation of a comprehensive system that serves as the central repository for all financial security data. This involves defining how securities are identified, classified, managed, and governed to ensure data integrity and support downstream processes.
- What are the key deliverables for this Lead Functional Business Analyst position?
- Key deliverables include leading the collection and documentation of functional requirements for the Security Master system, authoring the Requirements Definition Document (RDD), and defining the business logic for data governance, including the creation of a 'Golden Copy' and symbology management.
- How important is knowledge of financial market data vendors for this role?
- Deep familiarity with market data vendors such as Intercontinental Exchange (ICE) and Morningstar is considered essential. This knowledge is vital for understanding data sourcing, prioritization, and integration within the Security Master system.
- What level of technical understanding is required for the Wealth Management Business Analyst?
- While this is a functional role, a strong understanding of how business logic translates into technical specifications is necessary. This includes defining data schemas, validation engines, and understanding the impact of security data on operational workflows like sleeve-level accounting.
- What distinguishes the UHNW client focus in this role?
- The UHNW client focus means understanding the heightened precision required for their reporting needs. This includes handling multi-currency transactions, complex tax lots, bespoke asset classes, and ensuring support for specialized investment strategies like tax-aware investing.