Programme X was initiated to respond to the FSMA section 166, to respond to the PRA regulator for the supervision and monitoring of the firm’s strategy, governance and capability to deliver the migration of services to public cloud. We worked with Platinum Group to implement a managed service which set up the central programme office to interface with the skilled person and regulator under the regulatory conditions of a section 166.
The team was highly experienced across regulatory programmes, with senior stakeholder management expertise to gather evidence of cloud strategy, governance, and third-party risk. We set up a framework ring-fenced with the right level of governance to respond to, and deliver against the queries raised by the skilled person acting on behalf of the PRA.
Our decision to adopt a managed service approach was driven by a set of requirements aligned to our objectives with the skilled person and regulator, which were then pinned to business milestones within the SoW.
Platinum Group have the rare ability to understand “unclear” business problems and translate them into simple, yet measurable deliverables in their services. Coupled with their knowledge of our complex procurement processes, this enabled us to enlist the right services, with the right skills, quickly and efficiently.
We have a growing relationship with Platinum Group to expand our capability further, and I highly recommend partnering with Platinum Group to achieve your business goals and outcomes.