RISK, REGULATORY & TECHNOLOGY CHANGE
Essential Consulting is a niche Management Consultancy that offers interim project resource and high level consulting skills. We specialise in Risk and Regulatory Compliance, providing change capability covering Business Analysis, Project Management and Programme Management underpinned by Subject Matter Expertise.
Welcome to Part 2 of our Financial Crime Newsletter series. In this edition, we revisit some key points from our first instalment, examine how recent developments have affected financial crime in the financial services sector, and take a closer look at the Prudential Regulation Authority’s (PRA) near-final rules for Basel 3.1. We also explore the potential impact of the Labour government, following the general election, on financial crime and regulatory changes.
Tailoring a team just for you!
20% FT 80% Associate currently. This can fluctuate with market conditions although we try and remain heavy on the Associate side to maintain competitive pricing. The majority of our current Associates have worked for Essential Consulting on a number of occasions on continuous projects which reduces the risk to ourselves and to our end clients.
Finding the best people
In line with our framework agreements with our clients, we carry out all necessary PES checks prior to a consultant starting on site. If we buy skills in from the market, we undergo a number of rigorous protocols to mitigate the associated risk of doing so. This includes interviews, detailed referencing which includes a scoring mechanism to ensure top quartile consultants are engaged, Credit checks and CRB.
Retaining your Knowledge Capital
The majority of our associate consultants on site are on bonus retainers. This runs in parallel with the contract and is only paid if offers of extension are accepted. This significantly reduces the risk to our clients & Essential Consulting of consultants rolling off a contract prematurely or not accepting an offer of extension.
