It is quite common for a business to outgrow the technology implemented for example on start up. Given the acceleration of Technical change over the last couple of decades, if a business wants to meet changing customer needs, keep up with its competitors and more recently, meet the demands of regulation, new technology is out there.
Your project should look at business requirements (now and future), invite vendors whose products match and from review of each, firm up a business case to identify supplier you will be partnering with. Projects managed include
Medium sized Trust Company looking for core software to replace existing software that was being phased out by the vendor. After documenting core business requirements, creation of RFP, 3 vendors were chosen for review. From this the vendor that closely met business needs was, following a presentation to the board, contracted and project initiated. Worked with the company to manage, implement and migrate away from both Trust solution and their Document Management solution to provide one, fully integrated solution
Managing the selection of a Fund solution for both open and closed Funds. With multiple internal solutions on offer from across the group, legal challenge of where data can be held, following comparison of Business Requirements, Cost/benefit analysis, the business case was proven to progress with an external market leading Fund solution. The cloud solution would significantly reduce Technology costs whilst not tying the business to existing software for which onshore business had priority
The demands on conducting “Business as usual” and implementing a new core solution at the same time should not be under-estimated. Bringing in key skills to manage and assist your project takes the pressure off your staff whilst what is, possibly one of the most challenging transitional changes your business may undertake. Here are just some of the projects managed
Implementation of New Private Banking Solutions (Temenos T24 Globus).
Global Private Bank - The change programme was to replace legacy systems across all its offshore locations and therefore included replacing hardware and other software used for Management Information, Document Management and other interfaces.
Project Manager for Temenos and a global software Management Consultancy. Jurisdictions include Guernsey, IOM, Gibraltar, Poland, London and Italy. Fully hands on roles requiring extensive knowledge of product and Private Banking Business process.
Streamline and roll-out a new Treasury product. The complexity of this challenge was that the process and project team spanned multiple jurisdictions in different time zones
Upgrading clients existing and staff Training
Closure of an office and implementing a new solution in an alternative offshore location
Management of teams in Warsaw, Rome and London to implement T24 Globus
As Programme Manager, roll out the Viewpoint Fiduciary solution to multiple client offices across the world. Key to this was delivering a standardized solution fitted all business units.
Managing of the implementation of Viewpoint to a medium sized Fiduciary in Guernsey and replacement of their existing Document Management solution
Various other single site projects including the management of the implementation of Touchstone Navision to the Guernsey office as part of a global rollout. Post implementation to work as part of the strategic team focussed on enhancing business processes, managament information and in focus on becoming paperless (less paper)
Closure of operations in Hong Kong and in the UK
Opening an office in Monaco
Using globally available resources across a shared business process
Relocating business from IOM to Jersey and closure of Guernsey operations both in Fiduciary and Wealth Management.
The beginning of 2017 saw a significant amount of travel guiding clients through the set up of systems and business processes to deliver an end to end solution to meet their countrys’ FATCA/CRS deadline.
Staff Training
Assisting companies to meet CRS and FATCA deadlines through guidance/support/gap analysis
Completing their FATCA and CRS submissions
Designing new business processes to manage future requirements
Key to delivering this regulatory requirement is quality of data both static and Transactional and challenging/changing Business Process to incorporate regulatory demands. With 2018 seeing double the number of jurisdictions that will require CRS data then ensuring your company is on top of this should be a priority project.
With 2018 seeing a significant increase in the number of jurisdictions that will require CRS data, ensuring your company is on top of this should be a priority project.
2017 saw a panic in many companies with respect to how they would process the requirements for CRS/FATCA. Assisting a global vendor of Trust solutions with inbuilt functionality, I presented a roadshow in IOM, Guernsey and Malta and worked with multiple clients to ensure deadlines were met through data gathering, processing and delivery to relevant authority