The economical context of durably low rates forces financial institutions to find solutions to maintain the profitability of their activities:
- Review of their internal efficiency: cost reduction initiatives, securing and steering of large transformation programs, and process optimization;
- Upgrading their financial and scarce resources steering capabilities.
At ML Advisory, we developed methodologies and expertise to help our clients with their transformation initiatives:
- An excellent knowledge of the underlying risk, finance and compliance regulatory context: ECB, EBA, SRB and local European Regulators;
- A strong benchmark of financial institution organizations across Europe;
We work closely with risk, finance and compliance departments to identify their major problem areas and define with them key transformation levers to solve them:
- Evolution of the organization / reorganization: identification of relevant movements that could bring back efficiency within the organization and promotion of joint ventures between departments if relevant (eg; Risk and Finance for ICAAP or stress testing);
- Strategic program management: design of transformation programs, or diagnostic of already launched ones, to allow organization to go a step further regarding their compliance or internal steering objectives;
- Processes review: review and adaptation of existing processes to bring operational excellence and improve efficiency;
- Financial steering improvement: steering methods and process reviews to find profitability levers while mastering scarce resource levels.
We leverage our network of experts to augment our transformation & organization offer with the following expertise:
- Technological partner for process improvements: data analytics, virtual datawarehouses, …
- Change management to help implement new organizations
Example of recent projects:
- Redesign of the Finance Direction of a Tier 1 European Bank
- Steering of BCBS 239 programs for financial institutions
- Creation of Risk and Finance joint ventures for stress testing, regulatory production, regulatory watch
