REQUIREMENT

Following an acquisition which created one of Europe’s largest private banking wealth management businesses, our client needed a specialist to align the risk management approaches of the two businesses and deliver an enhanced solution for the company – all within challenging timescales. Reporting to the chief executive of the wealth management division, the business needed an interim executive with a strong track record of managing risk in complex global financial service organisations, operating across multiple regulatory regimes and time-zones.

SOLUTION

With a mandate to design, lead and implement all aspects of the enhanced risk management framework globally, this highly experienced interim started by interviewing all key stakeholders across multiple countries, gathering information to gain a clear picture of their risk-based approaches. This meticulous process, which identified commonality and best practice, resulted in a 10-month programme to deliver a new and improved risk management framework with new reporting structures. Activity also included producing a risk appetite statement aligning the board’s appetite for risk to strategic objectives of the overall business; and writing a risk management manual providing clear guidelines aimed at all staff members ranging from the inexperienced to director-level.

OUTCOMES

With a team of 65 based across the risk operations globally, the new risk management framework was implemented successfully during a period of radical internal change and within the challenging timescales set. The work undertaken by the interim received widespread support from the executive team and the new framework was fully endorsed, receiving high praise following a regulatory visit.

WHY CW INTERIM?

The client was aware of Campion Willocks’ ability to deliver proven interims for high-level programmes. This candidate was chosen because of his depth of experience delivering challenging risk and regulatory-related engagements at C-suite level.