Hodge Bank is part of Hodge Limited, a £2bn independent family-controlled private banking group. I led their Finance Transformation Programme, exceeding expected outcomes, remediating compliance issues and improving operational efficiency.
Objective
Remediate operational risks and regulatory reporting issues via implementation of new Treasury Management System, reconfiguration of the Asset & Liability Management system and selection of a new ERP solution.
Resources
12 months, £500k.
I shaped, planned and led the Finance & Treasury Transformation Programme for Hodge Bank, leading the engagement with new and existing technology partners, and internal teams to assure dependencies between workstreams were understood and managed successfully. The programme team successfully productionised the new TMS and ALM systems in six months.
In parallel, I delivered automation of data transfer between the Data Warehouse and ALM solution, addressing data gaps to achieve compliance with new PRA 110 reporting and fully automated the regulatory reporting capability. I guided stakeholders with divergent views to an agreed ‘To Be’ vision for the future ERP system, and defined the Target Operating Model, aligned to a generic Industry Reference Architecture for Banking (MIRA-B).
Finally, I developed the business case and led the subsequent ITT for a new SaaS ERP solution to contract approval and achieved sign-off for the 2020 implementation plan for delivery by Hodge’s internal change function.
Result
120% ROI
Operating costs reduced by a minimum of £200k per annum and regulatory fines / penalties avoided.
TMS implemented, ALM system moved to Managed Cloud, ERP solution selected, and Procurement System contract renegotiated. Full alignment to Information Systems Strategy achieved.
Recognition
Further information about Hodge Bank can be found on their website.