Treasury Harmonisation Across European and Middle Eastern Branches for Major Bank

My client, a prominent international bank, needed to harmonise Treasury department operations across its full branches in Europe and the Middle East, consolidating them within the Brussels entity. This complex project presented several challenges:

1. Diverse regulatory environments across multiple jurisdictions
2. Varied existing processes and systems in different branches
3. Potential cultural and operational resistance to change
4. Need for minimal disruption to ongoing Treasury operations
5. Compliance with EU and local regulations

My Approach:
I developed a comprehensive change management due diligence approach, encompassing:

1. In-depth current state assessment of organizational structures, processes, and systems
2. Detailed gap analysis across all branches
3. Stakeholder analysis and engagement strategy
4. Thorough regulatory and compliance due diligence
5. Process harmonization roadmap
6. Systems and technology integration plan
7. New organizational design for the consolidated entity
8. Risk assessment and mitigation strategies
9. Tailored change management strategy
10. Phased implementation roadmap
11. Cost-benefit analysis
12. Robust governance and monitoring framework

Key Outcomes:
1. Developed a standardised Treasury process framework compliant with all relevant regulations
2. Created a technology roadmap for system integration and consolidation
3. Designed a new organizational structure optimizing efficiency and leveraging best practices
4. Established a comprehensive risk management framework for the harmonization process
5. Delivered a detailed implementation plan with clear phases and milestones

Results:
While the project is ongoing, these are the expected results:
- 40% reduction in process variations across branches
- 25% improvement in regulatory reporting efficiency
- 20% cost savings identified through elimination of redundancies
- Positive feedback from regulators on the harmonisation approach
- Increased collaboration and knowledge sharing among Treasury teams

This showcase demonstrates my expertise in managing complex, multi-jurisdictional change projects in the financial sector. My approach ensures regulatory compliance, operational efficiency, and effective change management throughout the harmonisation process.