Change & Transformation demand in Financial Services
Change and transformation have become buzzwords in the financial services sector in Ireland. As organisations seek to stay competitive in the ever-evolving market, they need to adapt to new technologies, regulatory requirements, and changing customer expectations. This has led to significant demand for Programme Managers, Project Managers, Business Analysts, and other professionals with experience in managing change and transformation projects.
One of the primary drivers of change and transformation projects in the financial services industry in Ireland is the need for organisations to transition to new target operating models (TOM). This involves redefining their operating models to become more efficient, effective, and agile. TOM projects typically involve a wide range of stakeholders, including technology vendors, regulators, customers, and employees.
To successfully manage TOM projects, organisations need experienced programme managers and project managers who can oversee all aspects of the project, from planning and execution to monitoring and control. These professionals must have strong leadership skills, be able to manage multiple workstreams, and have a deep understanding of the financial services industry and the challenges it faces.
Another key driver of change and transformation projects in the financial services industry in Ireland is changes in legislation. New regulations and directives, such as SEAR, IFRS, MiFID II, GDPR, and PSD2, have created a need for professionals with regulatory project management experience. These professionals must have a deep understanding of the regulations and their implications for the organisation, as well as the ability to manage the project to ensure compliance.
In addition to programme managers and project managers, business analysts also play a critical role in change and transformation projects in the financial services industry in Ireland. These professionals are responsible for analysing business requirements, identifying areas for improvement, and developing solutions that meet the needs of stakeholders. They must be able to work closely with both technical and non-technical stakeholders to ensure that the solution is fit for purpose and meets the business requirements.
As the financial services industry in Ireland continues to evolve, the demand for programme managers, project managers, business analysts, and other professionals with experience in managing change and transformation projects is likely to increase. Organisations that can attract and retain these professionals will be well positioned to stay ahead of the competition and succeed in the rapidly changing market.
In conclusion, change and transformation projects have become a significant trend in the financial services industry in Ireland. The need for organisations to transition to new target operating models and comply with changing regulations has created a demand for professionals with experience in managing such projects. Programme managers, project managers, business analysts, and other professionals with the right skills and experience will be in high demand in the years ahead.