Interim Managers and Consultants for Banks and Insurers — From MaRisk Implementation to Restructuring

A selection of two to four profiles is typically available within 24 to 36 hours. Three pieces of information are key: the financial institution group, total assets, and the scope of the audit. From our network of over 23,000 certified experts, positions in risk management, compliance, and DORA implementation can usually be filled on short notice.

Yes. The filtering is based on audits we’ve conducted and amendments we’ve implemented, not on certificates: Which audit, which institution, which subject, and what was the outcome? During the interview, we ask about the finding that posed the greatest challenge—that provides a more reliable distinction than a list of regulatory frameworks.

The median rate across all assignments is €1,050 per day. The rate depends on the role and level of responsibility: an interim risk manager commands a higher rate than a KYC specialist, while a DORA consultant falls somewhere in between. Costs are typically 30 to 60% of those of traditional management consultancies.

It introduces three size categories; the threshold for small institutions rises to a balance sheet total of five billion euros. According to BaFin estimates, approximately 950 institutions—that is, three-quarters of all German credit institutions—will benefit from these relief measures. For larger institutions, the requirements remain in place, and the ICT strategy serves as the link to DORA. The assessment for your institution is conducted by your internal audit department, not by us.

The amendment resolves overlaps between the two sets of regulations and requires an ICT strategy to serve as a link between business strategy and digital operational resilience. In practice, this means that outsourcing registries, incident reporting, and testing requirements must be consistent across IT, risk management, and procurement. It is precisely at this intersection that most initiatives are focused.

The interim manager assumes a temporary line management role—in risk management, compliance, or IT—with the authority to issue instructions and accountability to the executive board and supervisory board. The freelance management consultant prepares decisions regarding the business model, branch network, and the consequences of mergers. The subject-matter expert provides expertise, for example in case management or data governance.

Yes, and the group of institutions is mentioned in the briefing because it determines how the work is carried out. Network structures, the regional principle, and municipal sponsors alter decision-making processes and procurement rules. In the case of public-law institutions, procurement law must also be observed, as it precludes short-term contracts above the threshold amounts.

Typically, with a notice period of 5 to 10 days, depending on the agreed-upon term. Because audits, revisions, and projects have a defined end date, fixed-term staffing is well-suited to these projects. Extensions are common, especially when a project evolves into an ongoing support arrangement.

We will clarify the contract format, reporting structures, work tools, and documentation together with your legal or procurement department before we begin. In financial institutions, additional considerations include access rights, the dual-control principle, and signing authority. This does not replace legal advice: The assessment of each individual case remains the responsibility of your legal team.

The most in-demand roles are compliance officers, KYC and AML specialists, risk analysts, and interim risk managers, as well as DORA and ISO 27001 consultants and interim CISOs. These are followed by restructuring and turnaround roles when earnings and capital adequacy come under pressure.

Most of the time, yes, because integration, workforce planning, and communication with regulatory authorities all take place simultaneously and involve the same people internally. Temporary external leadership keeps these three strands together without getting entangled in internal politics. Assignments typically last six to twelve months.

Each profile undergoes an interview with a subject-matter expert and is evaluated against the requirements of the mandate: supervised exams covering the size and scope of the institution, results achieved, and references from comparable mandates. The placement rate for all mandates is 95 percent.