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Project Management in Finance and Banking Banking and Insurance are the major two categories within the Financial Services Sector and likely the fastest growing and 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 has meant detailed volumes of work to ensure companies which to 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 you also need to look at training people and to guaranteeing 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. Demands from consumers about why it takes 3 or 5 days to clear monies from one account to another have driven the research and development of new lean, faster and even more secure payment systems to achieve 1 day clearance. It is likely legislature or banking code will be forthcoming and require implementation over the next couple of years. With insurance looking at the impact direct line insurance had on the market – what changes will this make with online access from may different devices and the increase in micro payments and reconciliation of processed transactions. Micro payments are a major challenge, for example tolls and car parking plus the most recent satellite insurance charging based on where you are driving and at what time. Pay as you phone – pay you go insurance! Programmes and projects within the Finance and Banking Sector |
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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 authority and 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 business 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 specific 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. Recent roles recruited for include: > Insurance Business Operations Project Manager > Business Analyst – Change Manager > Programme Office Manager Venture Capital Start Up > Barclays Business Change Roles > Programme Manager Payment Systems
Project Management Candidates Available Today Candidate Overviews from Arras People - Your Project Management Recruitment Specialist > Qualified - ACCA, MBA, Project Management (APM, PMI, PRINCE2). > Financial institution mergers, finance systems project management, finance project management, banking project management, change management programmes.
Contact Arras People Project Management Recruitment to find out more about the Finance Project Management and Banking Project Management resources we have available to work with you on an interim contract role or as a permanent employee. We currently have over 16,000 project management professionals registered with us, many with significant finance project management and banking project management-related experience and skills.
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