RISK, REGULATORY & TECHNOLOGY CHANGE
Essential Consulting is a niche Management Consultancy that offers interim project resource and high level consulting skills. We specialise in Risk and Regulatory Compliance, providing change capability covering Business Analysis, Project Management and Programme Management underpinned by Subject Matter Expertise.
Welcome to the latest edition of the Essential Consulting Newsletter! As we delve into the financial landscape, we explore a pressing question: Are interest rates the foremost risk in 2024? Amid a cost of living crisis, the complexities of mortgages, and the evolving Interest Rate Risk in the Banking Book (IRRBB), we examine whether these factors will make interest rates the central concern in the financial world next year.
Tailoring a team just for you!
20% FT 80% Associate currently. This can fluctuate with market conditions although we try and remain heavy on the Associate side to maintain competitive pricing. The majority of our current Associates have worked for Essential Consulting on a number of occasions on continuous projects which reduces the risk to ourselves and to our end clients.
Finding the best people
In line with our framework agreements with our clients, we carry out all necessary PES checks prior to a consultant starting on site. If we buy skills in from the market, we undergo a number of rigorous protocols to mitigate the associated risk of doing so. This includes interviews, detailed referencing which includes a scoring mechanism to ensure top quartile consultants are engaged, Credit checks and CRB.
Retaining your Knowledge Capital
The majority of our associate consultants on site are on bonus retainers. This runs in parallel with the contract and is only paid if offers of extension are accepted. This significantly reduces the risk to our clients & Essential Consulting of consultants rolling off a contract prematurely or not accepting an offer of extension.
