Client Challenge

Market Risk IT Department of a Tier 1 European Investment Bank: Requirement to introduce structured processes and procedures to support financial planning and forecasting for a portfolio consisting of 14 programmes, 67 projects, 700 resources with a budget of €150m

Solution

• Define and implement a robust Financial Reporting & Governance framework
• Build and submit budgets at a project level covering full time, vendor and contractor resources as well as hardware and software requirements
• Produce monthly financial forecasts and explain any budget variances at a project level to both Programme Managers and the Finance Department
• Introduce a change control system for tracking the financial implications of amendments to the project financial forecasts
• Run financial scenario planning exercises and implement cost reduction initiatives when necessary
• Produce Management Reports and financial scorecards for multiple stakeholders to aid the decision making process

 

Client Challenge

APAC Operations of a Tier 1 US Investment Bank require PMO to support their Client On boarding, Risk Assessment & Sanctions work streams within AML/Regulatory Programme

 Solution

• Define and deploy PMO governance standards, processes and procedures ensuring standardised compliance across 9 Work Streams
• Build and track fully resourced project plans covering 9 work streams across 14 countries
• Co-ordinate and run workshops to determine work stream approach, plans and top priorities
• Determine priorities, manage risks, issues, dependencies and resource allocations across the Programme
• Manage the closure of identified risk assessment and sanction items with global stakeholders
• Produce Steering Committee Packs to track progress