Case Study: Interim Risk Director

Client Context

Our client a, global Asset Management Group had just completed a merger with another established investment manager, so the global integration work was ongoing.  They required an Interim Risk Director to lead the team and build an Enterprise Risk Management Framework.

 

Challenge

  • Following the recent appointment of a new CRO the decision was made to hire a standalone Head of Enterprise Risk. 
  • Sensitive hire given the existing team.
  • A business critical ERM framework was also required by the regulator.
  • Our Client hadn’t engaged a senior interim consultant before. 
  • Strong Internal Capital Adequacy Assessment Process (ICAAP) experience was also desirable.

 

Solution

  • Owing to the depth of the Sheffield Haworth network in wealth and asset management we were able to rapidly deploy a Consultant with a proven buy-side track record who had worked with us on a previous assignment. 
  • Our Consultant was tasked with meeting Operational Risk Enhancement Programme (OREP) requirements and to review the Enterprise Risk Framework with a fresh pair of eyes. 
  • Based on best practices the consultant, assessed current state and advised/supported what the future state should look like. 
  • Consultant met all OREP requirements.

 

Outcome

  • Our client quickly saw the benefits of engaging an experienced asset management risk professional giving them peace of mind that their team was in safe hands.
  • Successfully completed the ERM framework and passed across to BAU.
  • Client able to focus on securing the right permanent hire through a search mandate.
  • The experience interim able to advise on best practice and help define the permanent hire’s responsibilities.

 

To find out more about the services we offer across consulting, from advisory, resource augmentation, interim to managed services please get in touch with one of our team.

Ready To Get Started?

 

Complete the form below and a Sheffield Haworth representative will contact you shortly.

 






*Required




(Attach only doc, docx, pdf, rtf, or txt with a size less than 3MB)