The key tasks and responsibilities of Business Relationship Managers
What is Business Relationship Management?
To answer what a Business Relationship Manager does, we first need to discuss what Business Relationship Management (BRM) is. BRM is not just a capability or role, it is a philosophy that integrates a business with its clients, stakeholders, and functional partners. BRM is about developing deep, impactful partnerships that deliver value; it is not just about transactional relationships where goods or services are exchanged.
The Business Relationship Management Institute defines BRM as ‘a philosophy, capability, discipline and role to evolve culture, build partnerships, drive value and satisfy purpose’. The philosophy is rooted in the conviction that positive, meaningful relationships drive value in organisations and create the greatest positive impact to economic value, people and the planet.
It's important to recognise that organisations are networks of relationships; these interconnected relationships form the backbone of organisational functions, working in harmony to strengthen the overall vitality and performance of a business. An effective BRM capability ensures these relationships are not only maintained but also aligned with tangible results, driving the organisation forward to achieve excellence and impact.
What Does a Business Relationship Manager Do?
A Business Relationship Manager is responsible for building and managing relationships on behalf of a functional area, business unit and its internal or external stakeholders. The role of a BRM is strategic, as it involves acting as a connector between departments, understanding the business needs, and ensuring that solutions align with the organisation's strategic goals and objectives. A BRM could be described as a neutral supporter in a soccer match, wearing both teams’ colours. They maintain an unbiased stance, not favouring one department over another, but instead championing the success of both.
The primary objective of a Business Relationship Manager is to align business objectives with the services provided by an organisation and optimise value from those services. By doing this they can break down the silos that are separating business from its support functions. This drives a culture of innovation, creativity, value, and collaboration that reflects the organisational strategy.
Key Responsibilities of a Business Relationship Manager
A Business Relationship Manager (BRM) plays a pivotal role in an organisation, connecting relationships to results. The core responsibilities of a BRM are as follows:
- Understand Business Objectives: BRMs need a deep understanding of the business. They collaborate with business leaders to understand their goals, challenges, and strategies.
- Communication: Business Relationship Managers act as a strategic partner between business units. They facilitate clear communication, ensuring that business needs are effectively communicated and that solutions are understood and accepted by the business. They translate business language into client-friendly dialogues and vice versa, ensuring clarity and understanding.
- Nurturing and Building Relationships: One of the key roles of a BRM is to establish and maintain strong, trust-based relationships. This requires consistent engagement, understanding partner perspectives, and proactively addressing their concerns.
- Value Management: BRMs support the value management process by discovering opportunities and shaping demand for the provider's services and products to increase organisational value. They also ensure the optimisation of the providers existing resources to achieve and optimise strategic results.
- Strategic Alignment: BRMs are instrumental in shaping business strategies. They provide insights into how technology, for example, can support and drive business initiatives, helping to align the two.
Overall, the role of a Business Relationship Manager is to serve as the strategic interface between two business units, or a business unit and an external stakeholder. They play a crucial role in aligning business strategy and ensuring the provider’s resources are utilised efficiently to meet the needs of the business and deliver value.
You might want to look at Business Relationship Manager vacancies on online job boards to see how BRM job descriptions differ across organisations. In the UK, search for 'Business Partner,' as this is a common title for Business Relationship Manager in this market.
Business Relationship Management Tasks
The day-to-day tasks of a Business Relationship Manager can be varied, but a BRM will spend a significant part of their day in meetings. These can range from individual discussions with key stakeholders, to attending team or departmental meetings to ensure strategic alignment between the business and functional partner. Regular and meaningful interaction is central to building and nurturing partnerships.
Using metrics and feedback tools, BRMs assess the health and effectiveness of each relationship, identifying areas for improvement and celebrating successes.
It is important for BRMs to keep up to date with both business and IT trends. Continuous learning allows the Business Relationship Manager to anticipate how emerging technologies can drive business value and offer a competitive advantage.
Identifying potential risks and proactively addressing them is another critical aspect of a BRM's role. They work towards mitigating risks associated with new initiatives or partnerships and are often involved in problem-solving and conflict resolution.
Business Relationship Management Skills Required
A Business Relationship Manager job description is likely to include the following key skills that are essential for the role:
- Effective Communication: Communicating effectively with both technical and non-technical stakeholders is crucial. They need to be able to explain complex technical concepts in simple business terms and actively listen to stakeholders' concerns and needs and they need to communicate back an understanding of the business needs, value and direction.
- Empathy: The ability to listen and empathise is paramount. Putting yourself in someone else’s shoes and viewing the issue from their perspective will guide you to finding the right solution.
- Influential Relationship Building: Being able to work well with others, including forming and leading cross-functional teams, is a vital skill for a business relationship manager.
- Strategic Thinking: BRMs must understand the strategic objectives of the business and understanding how today's decisions impact future relationships and align them with long-term goals.
- Problem-Solving: Addressing challenges creatively and effectively is key. This involves thinking outside the box and coming up with solutions that satisfy all parties involved.
- Emotional Intelligence: Being aware of and understanding your own emotions will help you navigate interpersonal interactions and relationships effectively.
A Business Relationship Manager does not do this
A Business Relationship Manager collaborates with many business functions, but there are specific tasks and responsibilities that typically fall outside their scope of work:
- Project Manager: a business relationship manager can be part of a project team but should not have the overall responsibility for delivery of the project, that is the job of the project manager.
- Change Manager: although a lot of what the business relationship manager does results in organisational change, a Change Manager should be responsible for managing the delivery and impact of an organisational change program.
- Business Analyst: a business relationship manager should have a solid understanding of the organisation, but they are not responsible for eliciting and managing requirements, that should be performed by a dedicated business analyst.
How to Become a Business Relationship Manager?
The journey to becoming a BRM involves several steps, each contributing to the development of necessary skills and knowledge:
- Educational Foundation: Starting with a solid educational foundation is key. Typically, a degree in business, marketing, management, or project related field lays the groundwork for a career in BRM.
- Join the BRM Institute: Becoming a member of the Business Relationship Management Institute is a pivotal step. This global professional association offers a wealth of resources, including best practices, standards, research, and a community of professionals.
- Gaining Practical Experience: Experience in customer service, sales, account management, program or project management, business analysis or other project related professions is invaluable. It provides insight into client relations and business operations.
- Developing Key Skills: Outside of formal education, developing skills like communication, negotiation, conflict management and strategic planning is crucial. This can be through on-the-job experience, workshops, or mentorship.
- Certification and Continuous Learning: Pursuing professional certifications in BRM or related fields can enhance credibility and expertise. In a recent APMG survey of candidates who have taken the Business Relationship Professional (BRMP) certification, over 90% of respondents felt the learning / training experience equipped them with skills and knowledge that they could apply immediately. Continuous learning through seminars, webinars, and industry events can also help keep BRMs updated on the latest trends and practices.
- Networking and Industry Engagement: Building a professional network by connecting with industry peers, joining professional associations, and engaging in community events can provide valuable insights, opportunities, and mentorship essential for career growth.
Watch – How to become a business relationship manager
You may want to watch this video where experienced BRM trainers, consultants and experts discuss how to become a Business Relationship Manager. Key questions are answered like how to get started, what’s the difference between a customer relationship manager and a business relationship manager and do organisations need to have a dedicated BRM.
Challenges in Business Relationship Management
BRMs often face various challenges, such as navigating complex organisational structures, changing business priorities and value expectations, lack of resources, resistance to change, communication barriers and cultural differences.
Overcoming these challenges requires strong interpersonal skills, adaptability, resilience, and empathy.
Conclusion
In conclusion, Business Relationship Management is a dynamic and essential aspect of modern business. The role of a Business Relationship Manager is both challenging and rewarding, requiring a blend of strategic thinking, empathetic communication, and a deep understanding of business and client needs.
As the business world continues to evolve, the importance of effective Business Relationship Management will only increase, making it a vital component of any successful organisation. Those aspiring to become BRMs should focus on developing the necessary skills and gaining relevant experience and qualifications to help them excel in this role.
BRM Certification
Please see below for more information about BRM certification courses from the Business Relationship Management Institute:
Business Relationship Management Professional (BRMP) – this is an entry level certification with no prerequisites required, usually delivered over 3 days of training. It provides a comprehensive overview of Business Relationship Management concepts, the BRM role and the BRM capabilities. The certificate awarded upon successfully passing the exam does not expire.
Certified Business Relationship Manager (CBRM) – the CBRM certification builds on what was learned during the BRMP course and helps you develop the knowledge and skills required to be a Strategic Business Relationship Manager. The course is typically delivered over 5 days, and you must already hold the BRMP certificate before attending this training.