Finance & Banking Project Management
Financial Services Project Management
Banking and Insurance are the two major categories within the Financial Services Sector. Moreover, they are also likely to be both the fastest growing and fastest changing lines of business.
Many other supporting lines of business have grown up around Banking and Insurance whether that be wholesale, foreign exchange, commodity banking or direct or reinsurance business lines. Supporting businesses provide regulation, administrative services, investment capability, brokerage and custodial services. There is a huge myriad of these services - some huge such as scanning and tagging through to small specialist services in offshore private banking for a particular country.
A hot topic is regulation. Sarbanes Oxley (Sarbox), for example, means that detailed volumes of work are needed to be done to ensure companies which deal with the USA are Sarbox compliant. Especially as Hedge funds move closer to private equity dealing.
Adhering to policy change and ensuring proper implementation to pass stringent audit can mean extensive change, not just to business process but also with regards for the need to look at training people and to guarantee the supporting business systems and IT are in line and fully operating to the need of the business. Another topic of interest are STP (Straight Through Payments), where the front office and the back office may become one logical and potentially physical entity.
With insurance looking at the impact direct line insurance had on the market, questions have come to the fore, including "What changes will this make with online access from many different devices and the increase in micro payments and reconciliation of processed transactions?" Micro payments also serve as a major challenge in financial services project management. For example, consider tolls and car parking, plus the most recent satellite insurance charging based on where you are driving and at what time. Not to mention pay as you go phones – or pay as you go insurance!
Programmes and Projects within the Finance and Banking Sector
Projects within the finance sector have to be delivered correctly: the industry deals with other people's money and all results are scrutinised whether it be an account statement or insurance schedule it must be right and exhibit an audit trail.
Changes in governance procedures or recommendation from the FSA can create complex changes that need careful planning and management to ensure deliverable meet legislation requirements. A Programme approach can often be the solution whereby the solution requires delivery across a number of client-facing businesses and any number of business support services. There are many ways to design the programme; however one single business unit needs to be in charge and have authority that crosses all business entities to ensure the deliverables are made in timely manner. A programme approach can assist in ensuring that projects are run in accordance with the business objectives of the organisation.
As with any change it likely involves people process systems and technology.
Recruit Project Management Staff with Finance and Banking Knowledge
Arras People has candidates registered with us looking for permanent and interim finance project management and banking project management roles specifically within the finance and banking sector. A small sample gives an insight into the different types of organisations and roles:
Arras People provide project management resources at all levels including;
Project Management Candidates Available Today
Arras People has registered finance project managers and banking project managers looking for both permanent and interim roles, a significant proportion have skills and experience within the banking and finance sectors.
Candidate Overviews
- Qualified - ACCA, MBA, Project Management (APM, PMI, PRINCE2)
- Financial institution mergers, finance systems project management, finance project management, banking project management, change management programmes
Business Change Roles
Barclays, the high street banking organisation, approached Arras People for a business change recruitment campaign. Looking for a number of different levels of positions from programme managers to project managers and business analysts, business change experience was key. Arras People work quickly and efficiently on large scale recruitment campaigns; our account management and team structure is perfectly organised to meet flexible and dynamic recruitment campaigns
Latest Report
Project Management Recruitment Report from Arras People
Now in its sixth year, the Project Management 2011 Report from Arras People will be the most comprehensive report available for the project management marketplace in the UK.
The report covers programme and project management salary benchmark data, employee and contractor comparisons and the effects of the economic downturn on the project management marketplace
Available to request and download