WHO WE ARE
WHAT WE DO
CAREERS
INSIGHTS
CONTACT
OVERVIEW
Parker Fitzgerald leads the market in addressing the financial services sector’s evolving digital risk and regulatory challenges. Our digital risk practitioners make up one of the leading specialist teams available in the financial services industry. We combine innovative, critical thinking with proven digital change delivery.
Our expertise goes beyond merely advising on regulatory compliance. We define what digital risk means for each of our clients and then implement the optimal governance and controls to mitigate it. We also consider the risk function’s operating model and how it must adapt to match the new digital organisation. Alongside this, we advise on how to capitalise on, rather than defend against, digital disruption, as well as encapsulating digital risk controls at the outset of the digital product design process.
DIGITAL STRATEGY EVALUATION
We are leading advisors on the impact of regulation and legislation on digital strategy and product design. To keep our clients up to date with the digital legislative and regulatory landscape, our experts evaluate and understand the impacts of supervisors' new prudential and conduct frameworks on firms' digital strategies and aspirations.
Our experts have a deep understanding of the key themes impacting digital design.  From structural change and digital innovation, to security, privacy and conduct.  We work alongside our clients to anticipate new legislation before it is implemented, working through regulatory consultation processes to help mould rules that work for, rather than constrain, the digital banking environment. Once the regulation is finalised, we advise our clients on what it means for their evolving business models and new digital products.
DIGITAL FRAMEWORK DESIGN
As the finance industry adopts digital operations and product distribution it is becoming increasingly important to avoid mismatches between the vulnerabilities of the sector, the business model and the risk management capabilities.  We help our clients evolve their risk management framework to mitigate their digital risk exposure.
The innovative use of technology and information that has enabled digital transformation has also created challenges that are beyond the scope of traditional risk management frameworks and the historical experience of many risk practitioners. In recognition of this we have created the Digital Risk Common Body of Knowledge (DR-CBok).  This taxonomy is a collection of topics, terms and principles to guide organisations in developing and enhancing their risk management framework to support their digital business model.
RISK PROCESS INTEGRATION
Digital transformation is an opportunity for organisations to increase distribution, realise operational efficiencies and improve customer experience.  However, poorly designed risk controls can create friction in the customer experience and quickly erode the digital business case through unmitigated risk exposure and increased operational complexity.
Risk must inform the design of each stage of the customer journey if the benefits of digital transformation are to be realised.  Our expert knowledge of risk and financial regulation enables us to design and implement risk controls that work with rather than against the digital experience, empowering the digital business to not just survive - but thrive.  Leveraging RegTech and advanced data analytics, we have designed market leading digital risk capabilities for some of the world’s most respected financial institutions.
RISK FUNCTION OPTIMISATION
As firms transition to digital operating models, traditionally manual risk processes are becoming increasingly automated.  This creates significant operational and people risk that must be addressed through the redesign of the risk function.  This harmonisation of the digital and legacy operating models is necessary if organisations are to realise the operational efficiencies of the digital strategy.
The operating model determines the risk profile of the organisation and it is this that dictates the necessary risk controls, process and organisational design.  Our risk architects are experts in market leading methodologies and that latest industry best practice, enabling them to help firms design and implement the optimal risk architecture for organisation specific digital operating model.
JOIN OUR PRACTICE
At Parker Fitzgerald, the highly complex and specialist nature of our business means we set the highest standards and employ only the most talented and resourceful individuals. A career with us is demanding and rewarding in equal measure. Joining Parker Fitzgerald,
you are not only working for one of the fastest-growing consultancies in Europe, you are also part of a dynamic team that is helping shape the strategies of many of the world’s largest financial institutions.
CONTACT US