About Us

P2 Consulting was started by a group of award winning consultants who recognised the opportunity to build a global consultancy firm that had clients’ needs at its heart. We understand the challenges clients face – the pace of globalisation, technology change and increasing regulation – and the pressure they are under to respond to these changes rapidly and efficiently.

What We Do

We work on some of the largest transformation programmes in the corporate world and the public sector. Partnering closely with our clients, we help them deliver successful business change. Our reputation as a consultancy is built on excellence in portfolio and programme management, business architecture and design, testing and quality assurance and implementation.

Insights

Understanding the challenges that keep our clients awake at night is essential. In this section we demonstrate our expertise at solving your problems. We have deep insight into the business and technology issues facing all sectors.

Join Us

Are you looking to join a company where a challenge is welcomed, change is anticipated, and expertise is expected? Then have a look at our job listing and please get in touch.

Case Studies

We’ve worked with clients across a range of sectors and gained excellent results – but don’t just take our word for it. Have a browse through some of the work we’ve done.

Major Anti-Money Laundering Regulatory Drive
11.05.18
The Challenge

With an increasingly globalised banking landscape and vast networks of branches across multiple locations, many banks have faced problems with financial crime and money laundering, and have been hit with substantial fines from regulators.

Our client had been censured by the banking regulators for failing to have sufficient controls in place to assess where money flows were coming from. As a result, the bank was under the strict surveillance of regulatory authorities. Our client needed to evaluate operational risk and manage exposure to risk in relation to Anti Money Laundering (AML) and sanctions while demonstrating that the appropriate checks and controls were in place.

The Solution

As the programme required a global AML initiative across all business units, P2 Consulting mobilised a team of analysts trained in core banking AML and sanctions regulatory processes. An innovative and agile approach was taken to organise the team structures, with teams representing different geographical regions. All business units were assessed to ensure they had the right systems, policies, procedures and processes in place and were able to run periodic reviews and audits to ensure compliance with AML and sanctions legislation. This discovery and identification work needed to be completed within a very tight deadline to provide timely reports for banking regulators.

Flexibility was key, as the responses from the different business units were not submitted in a uniform way and resource needed to be moved between the different teams in order to cope with the fluctuating workload and meet specific priorities at specific times. We also provided a PMO service to manage the workflow and a Kanban approach was adopted in order to track each individual business unit through potentially multiple iterations of review and response.

As the evidence provided by the business units varied in format and content, P2 Consulting needed to develop an assessment process that used both automated and manual checks to process the large volume of data.

We were able to highlight areas of inconsistency between responses and evidence, including areas where year on year variation was unacceptable. These findings were then presented back to the individual business units. The responses back from the business units then had to be carefully analysed to ensure that each query could be closed.

Client Benefits

We ensured the bank can demonstrate transparent and thorough AML procedures across global business units and avoid further censure from regulatory authorities. This resulted in Minimised risk exposure for our client. Additionally, we had a tight timeframe (eight weeks) to review all responses from all of the banks business units which would then enable the bank to meet its target of reporting its risk ratings back to the banking regulators.  Our work ensured the bank could highlight any areas of particular risk and then put in place remedial activity in order to demonstrate to the regulator that the bank was in control of its risks.

Find Out How We Can Help You
"Pioneer is a complex programme involving the building of new systems capability and integrating that with our legacy platform. We are also combining a traditional waterfall development approach with agile. P2 Consulting have put in place a highly effective programme management environment which means that the senior team always have full visibility and control. The P2 Consultants have proved themselves to be very reliable and effective throughout and have enabled us to make great progress”
Head of Merchandising Strategy
John Lewis