Unplanned departure

Challenge: A bank’s chief risk officer steps down due to unforeseen health issues. It will take nine months to fill the position. The bank lacks an internal candidate from its risk team with enough experience to step up, but this function is regulated and must be filled.

Interim Solution: An Interim with the right regulatory experience can hit the ground running, allowing the bank to fulfil its regulatory obligations while it selects a permanent replacement.

Lack of bandwidth

Challenge: As part of a company-wide transformation, a multi-national financial services firm promotes its regional EMEA CEO to a new global role. The CEO is now unable to carry out several key functions of his old job. However, as a UK regulated business, the company must have a UK CEO (SMF1) in place.

Interim Solution: The CEO carves out part of his role for an Interim to run as regional MD. The Interim acts as a safe pair of hands while the global firm devises its long-term strategy for the EMEA region.

Delivering a specific project

Challenge: A utilities company wants to reduce operating costs, but they lack the inhouse expertise to design and implement an effective cost reduction programme.

Interim Solution: An experienced Interim knows exactly what resources are needed, how to get buy-in from the C-suite, and how to motivate the team. They are able to design the programme strategy and deliver it on time and on budget.

Coordinating multiple transformation programmes

Challenge: A financial services business is running a complex group-wide digital transformation comprising multiple projects. Without someone to coordinate and oversee these projects, the group risks its transformation going over time and over budget and failing to deliver the desired results.

Interim Solution: An experienced Interim can bring multiple project managers together into a cohesive transformation programme while setting up the appropriate structures and governance at scale. They can manage the potential conflicts, interdependencies, and risks, and can galvanise project teams and the C-suite to drive change and deliver on time and on budget. The business’ inhouse team also learns new skills and best practices by working alongside the Interim.