01.
The Challenge
A national bank with over $50B in assets engaged RGP to prepare for heightened regulatory expectations related to CCAR, LCR, and Living Wills. The bank sought assistance in identifying areas subject to qualitative reviews due to increased regulatory scrutiny. RGP helped estimate the cost, duration, resource, and technology requirements for the program, as well as develop a hiring strategy and future budget allocations. Additionally, RGP assessed the cost of the change program under different growth scenarios to support the bank’s enterprise growth strategy and socialized the proposed project plan to gain stakeholder buy-in.
02.
What We Did
RGP worked closely with the Bank General Counsel to identify areas of heightened regulatory scrutiny related to CCAR, LCR, and Living Wills as the bank grew above $50B. The team developed detailed project descriptions and work breakdown structures to clarify the tasks required for regulatory compliance. Meetings with impacted stakeholders helped determine additional resource needs, and a high-level project plan, cost estimate, and timeline were created to outline the change program. RGP also collaborated with the Finance organization to develop a dynamic cost model and reporting framework to estimate program costs and duration based on resource and technology requirements.
03.
Our Impact
RGP helped the organization prepare for $50B growth by establishing governance, engaging stakeholders, and providing regulatory compliance cost estimates.
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