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Case Study

Regulatory and Transformation Delivery - Global Investment Bank

Results at a Glance

  • Project delivered to deadlines and budget 
  • Nine specialised resources delivered
  • 0% attrition rate after 12 months 

Focus Areas

  • Senior Manager - Capital Engine Analytics  
  • Senior Manager - Liquidity Reporting 
  • Senior Project Manager - EFS Reporting 
  • Manager - Group Accounting Policy 
  • 3x Technical Reporting Managers (Financial Markets, Retail Banking and Infrastructure Management)
  • Project Manager - Finance Transformation 
  • Business Analyst - Regulatory Change
     

Business Challenge

Following major global regulatory and international accounting standard changes this global investment bank were required to transform their current processes for both compliance purposes and as part of a broader finance transformation and innovation programme.

In response to these changes our client needed to build out their business as usual capability to deliver the new reporting and data requirements, in addition to onboarding further resources over a 12-month period to own and deliver a number of critical project requirements. These additional resources would also support the increase in domestic capability of their technical financial control and treasury functions.

Minimising the impact to business as usual (BAU) operations while also ensuring alignment with internal and regulatory deadlines, would be essential during the transformation.

Due to all financial services companies implementing similar projects supply of resources was limited. However, due to our deep specialisation and networks within technical financial control and treasury skill sets, Aston Carter were well placed to target and onboard the required resources, while also offering a competitive pricing solution.

 

Our Solution

A key deliverable throughout the transformation project would be minimising the impact to BAU operations so the organisation could focus on meeting internal and regulatory deadlines while delivering regular outputs. Due to this requirement Aston Carter proposed a Managed Team solution to ensure dedicated delivery throughout the program.

This solution involved the provision of Aston Carter subject matter experts and project resources into existing client programmes of work, supplementing an additional project governance and delivery layer into the clients functions.    

With the project taking place over a 12-month period, several resource intakes were required, with the initial resources onsite within six weeks of project commencement.

Each intake stage had a specific window of opportunity for new resources to be onboarded. With these niche Finance, Treasury, Regulatory and Transformation skills in high demand across the market, Aston Carter designed a bespoke talent management strategy which leveraged the existing pool of resources on similar projects, combined with a wide-ranging referral network and market mapping exercise across the domestic market. 

Results

Through this talent management strategy, Aston Carter were able to deliver their managed teams solution during a competitive domestic market, which met the clients delivery timeframes and budget requirements. To date we have delivered nine specialised resources into this programme of work with 0% attrition rate, on all engagements.

As part of the managed team solution, the following components were delivered in partnership with the client: 

Onboarding/Offboarding Management

  • Background and compliance checks
  • Inductions 
  • Knowledge transfers

 

Resource Management

  • Resource care programme
  • Resource performance reporting

 

Delivery Management 

  • Project scoping services through our deployed Project Manager resource 
  • Finance and Pipeline reporting 
  • Stakeholder engagement 

Demonstrating the success and positive feedback received throughout the project, the client has engaged Aston Carter to deliver further services under a Managed Teams solution within their Treasury, Liquidity and Funding programmes, as well as their Operational Risk Uplift and Interbank Offered Rate (IBOR) Transition programme.

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