Providing clarity, delivering insights, and aligning business objectives to key business outcomes serves as the foundation of this global management consulting firm’s mission. They operate with sensitivity to each client’s risk tolerance, corporate culture, and situational constraints to deliver results that maximize results and generate lasting value.
When a multinational investment bank engaged the management consulting firm to undertake a business transformation project, they realized they had a gap.
Although the consulting firm had a core risk management team that could help create the strategy for the business transformation initiative, they needed someone to sift through a vast amount of data and develop and roll out an enterprise risk management (ERM) framework.
An ERM framework provides companies with a clear vision of any possible risks that may lie on the horizon. In turn, it enables them to develop responses for any number of identified scenarios proactively.
Given the tight turnaround of the project, the consulting firm needed to find a project manager that could hit the ground running once onboarded.
So they turned to Graphite to find an expert on-demand that could analyze a large data set, synthesize the information and present key findings to the client. It was also critical for the selected expert to have deep financial experience, a plus if they’ve worked with multinational investment banks/firms in the past.
After engaging with their Graphite account executive (AE) and posting their projects on the platform, the client quickly received three applications for the project. However, they lacked one key element: experience working with big financial institutions.
Knowing the depth of independent risk management experts on our platform, the Graphite AE knew they could find the right candidate. Someone that could seamlessly integrate into the team while checking all the boxes for the consulting firm. Within 48-hours, the AE had presented an to the client.
The independent expert had over nine years of experience as a compliance and data strategy leader at companies like S&P Global, Barclays, Accenture, and more. They also had experience managing the roll out of similar large-scale business transformation and data strategy projects, similar to the needs expressed by the consulting firm’s client.
Once onboarded, the expert hit the ground running — reviewing and synthesizing the data to develop the groundwork for the ERM framework. He was able to align effectively with the consulting firm’s consulting frameworks, and the end client was delighted with the end results. By hiring an independent consultant on-demand the consulting company also saved $226k as compared hiring a full-time employee.
To help scale the results from the business transformation project the end client and the management consulting firm made the decision to extend the engagement with the expert. Not only was he a natural fit with the firm’s culture, but he’s a great asset that can help them bring the business transformation project to a close.
Learn how this consulting firm powered enterprise risk management transformation for a multinational investment bank by onboarding an independent expert on-demand
Eager to onboard a team that could achieve results within six months, the client and their dedicated Graphite account manager partnered to determinze the specifications for each of the four roles. They were:
