Context and Objectives
Major French banking group
The aim of the PCT (Permanent Internal Control) program is to respond to the ECB’s November 2017 report on the review of the Group’s Permanent Control system and its link with operational risk management.
Objective: to put in place a comprehensive, consistent and robust structure across the Group and its Sectors.
The spectrum of recommendations is broad, covering all areas: governance, organization of defense lines, human resources, management, financial resources, work methods and processes, and information systems.
Our Mission
Steering the deployment of the Group’s new permanent control system over a scope of 200 entities
Preparation of operational and steering committees
Follow-up of action plans and reporting to committees and program management
Handling questions on specific subjects, mobilizing PCT Program experts to provide the necessary answers (e.g. on controls to be deployed/updated, etc.).
Sharing the overall progress of the program with BU/SU may involve organizing and leading workshops.
Coordination of the deployment of the new permanent control for the second lines of defense: Risk, Compliance and Finance
PMO to oversee the global rollout of the Group’s risk and finance function
Results
Participation in the overhaul of the bank’s permanent control system and in the resolution of a large number of JST recommendations (ECB + ACPR).
A new APR framework delivered and validated by all key players (Central, BU and SU)
A successful digital POC selected by the Group program as a tactical deployment solution
