Optimization and compliance of asset management processes in a leading insurance and asset management group

Objective: Strengthen governance and ensure regulatory compliance of asset management projects

Background and challenges

In an environment of complex regulations and an ever-increasing number of projects, a management company of a major international group called on PALMER to optimize its asset management processes. The objective was twofold:

• Improving project management
• Reinforcing compliance and proactive risk management

Thanks to a robust PMO methodology and rigorous management, projects in difficulty were turned around and realigned with business objectives.

PALMER’s added value

• Project expertise: Intervention in a highly regulated multi-project context
• PMO methodology: Structuring resource and deadline management
• Automation: Deploying tools for proactive risk management
• Compliance: Monitoring of major regulatory projects (e.g. MIFID2)
• Governance: Smooth running of committees and interdepartmental coordination
• Monitoring: Continuous anticipation of regulatory changes

The keys to success

• Process optimization in a demanding regulatory environment
• Turnaround of projects with high strategic value
• Automation of risk management tools
• Structured management of project bodies (working groups, steering committees)
• Cross-functional collaboration: marketing, IT, legal, compliance, management
• Setting up a regulatory watch system
• Simultaneous management of complex projects under tight deadlines

Course of the mission

• Initial diagnosis: Process analysis and turnaround of critical projects
• Automation: Development of compliance and risk monitoring tools
• Project coordination: synergy between teams (compliance, IT, legal, etc.)
• Governance: Smooth running of committees and clear reporting
• Regulatory monitoring: Ongoing compliance with MIFID2 and other requirements
• Active monitoring: Adapting processes to new regulations

Challenges

• Regulatory complexity: integration of strict standards (e.g. MIFID2)
• Multi-project: Simultaneous management with limited resources
• Turnaround: Maintaining compliance while guaranteeing delivery
• Coordination: Aligning inter-departmental visions and priorities
• Regulatory agility: Rapid response to changes in the law

A concrete, measurable impact

• Meeting deadlines: optimizing resources and reducing drift
• Strengthening compliance: Integration of MIFID2 and automated risk monitoring
• Greater synergy: improved collaboration between support teams
• Proactive compliance: Anticipating and adapting to regulatory changes
• Project turnaround: Achieving the strategic objectives set by the Group