Risk Management Transformation Support
Financial Services Compensation Scheme Limited
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Key details
Procurement
- 79400000 Business and management consultancy and related services
What happened
Financial Services Compensation Scheme Limited awarded this contract to BARINGA PARTNERS LLP worth £1,800,000 on 29 Sept 2026. The contract runs until 28 Sept 2029.
Description
The supply of specialist resource to support continued delivery of FSCS's Risk Management Transformation programme.
The objectives of this engagement are to:
- Assess process and control effectiveness across selected domains
- Design and embed preventative and automated controls
- Reduce reliance on manual and detective control activities
- Support development of 1LOD risk ownership and accountability
- Develop 1LOD risk and controls registers
- Provide actionable tooling and automation recommendations
- Enable a sustainable, data-driven risk management capability
- Create a comprehensive Compliance Traceability Matrix
The engagement will be delivered through iterative call-offs, each contributing to a defined future-state operating model.
Awarded supplier
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Identifiers
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External ID: fts-ocds-h6vhtk-0776f2 • Added 21 September 2026