Risk Management for Retail Bank
The client, a retail bank based in Belgium, was undergoing a risk transformation project to improve regulatory compliance and ensure financial stability.
The project included multiple facets such as risk identification, test coordination, and data management. As a result, the client sought an experienced interim risk manager who could drive various project work streams.
Consultport proposed 3 strong candidates within 48 hours. The client interviewed 2 candidates and selected an ex-KPMG Manager with rich experience steering risk management projects. The consultant started working with the client 5 days after the initial request.
The interim risk manager assessed the existing risk management practices and identified outdated risk assessment methodologies, siloed data sources,
and a lack of risk culture integration across departments, which hampered the bank’s ability to proactively manage and mitigate risks.
The strengthened risk management practices improved the client’s ability to identify vulnerabilities, enhance compliance, and make informed decisions, creating a more resilient operating environment.
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