With increasingly sophisticated platforms, risks and regulations impacting financial markets, the purpose and strategic importance of the corporate treasury function has changed irrevocably. A large, London-based investment bank approached Albany Beck with some concerns around its Treasury function. The business in question had faced a number of regulatory filings from the PRA, Fed and ECB and wanted to build out a best-in-class treasury function, which possessed a more informed understanding of corporate strategy and could subsequently contribute more effectively to the organisational strategy.
Albany Beck rapidly mobilised a team of consultants, led by a dedicated Engagement Manager, who worked closely with the bank’s Managing Directors and senior stakeholders to analyse the headcount, skill, experience and knowledge components of its Treasury function. Our consultants then mapped out similar Treasury functions at other institutions who had already been through the scrutiny of the financial regulators. We presented the findings of our gap analysis, making a series of recommendations to the business on how it could build out a more progressive Treasury function that would be better placed to deliver on the regulators’ audit filings.