J.P – Red Bank Project
The Red Bank is a key player in Australia financial market. With
consideration of continuous raise of cash rate, the Red Bank plans to
improve its risk management practice in loan approval and repayment
control. J.P Consultancy upholds its exceptional world- wide reputation
in providing financial consultation services and advice to commercial
banks. Therefore, when the Red Bank approaches J.P to seek its
services, J.P’s Business Development Executive (Lachlan Smith)
suggested a four-month end to end project to assist the Red Bank to
reform its risk management system, processes and practices.
The objectives for the project include: (1) to research and customise a
risk management framework for the Red Bank; (2) to on-site deliver the
newly designed risk management framework and ensure the
implementation in the Red Bank; (3) to evaluate the new framework and
ready for whole organisation rollout.
The project contains five phases and multiple hurdles to be crossed. A
drafted action list is presented in Table 1. Potential budgetary allocation
is suggested in Table 2. J.P has a sufficient talent pool, and many
capable staff could be assigned to this project. The available staffing mix
is shown in Table 3.