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Finance – Balance Sheet Adjustments Remediation - Top Tier Global Investment Bank

One of the key strategic objectives of the Finance department of our client was to compile a complete and accurate Daily Balance Sheet on a timely basis. The project required a review of material month-end adjustments to identify and prioritise upstream fixes and daily resourcing requirements and partner with Asset Liability Committee (ALCO) owners to interpret and assess the data and translate it into a migration strategy for each of the Daily Balance Sheet (DBS) system adjustments

  • Produced a set of business requirements for each migration solution per adjustment, which was approved by FIT
  • Chaired weekly DBS Adjustments workstream with oversight of completion of action items and minutes
  • Analysed and assessed other material DBS adjustments required but not performed in the system or in the general ledger
  • Analysed incremental headcount impact from various proposed solutions to RTB resource requirement
  • Managed overall coordination and provided leverage to input from ALCO owners to achieve a population of adjustments executed daily to meet required DBS accuracy targets
  • Defined Target Operating Model for daily process including cross-functional roles and responsibilities
  • Provided fortnightly updates of performance/progress vs. delivery targets to the DBC Operating Committee

Meet the team

Malcome Clark

Malcolm Clark

Director and co-owner
Malcolm has over 35 years of financial services recruitment and management consulting experience. After graduating from the University of Exeter in 1989, he initially worked in the accountancy and media sectors before moving into the recruitment industry in the early 1990s. As an investment banking operations and change management specialist, he has worked with some of the world’s leading financial services institutions across the globe. Malcolm moved into management consulting in 2013.
Martin

Martin Perkins

Director and co-owner
Martin has over 35 years financial services logistics experience with 21 of those years spent in investment banking operations. The majority of his career was spent at UBS, where as a Director, he managed a number of departments including: Cash Management, Equity Derivatives Middle Office and Settlements, OTC Equity Control, BAU Process Change, Credit Derivatives Settlements and the cross-asset class ISDA OTC Documentation area. Martin moved into financial services recruitment in 2006 and management consulting in 2013.
Julian Crow

Julian Crow

Director
Julian has over 30 years of financial services recruitment and management consulting experience. After graduating from the Newcastle Business School in 1994, Julian initially worked in the FMCG sector before moving into the recruitment industry in 1996. As an investment banking, asset management, finance and change management specialist, he has worked with some of the world’s leading financial services institutions in the UK, US and Asia. Julian moved into management consulting in 2013.