Introduction

Thomas Poppensieker is a Senior Partner in the Munich Office of McKinsey & Company, which he joined in 1996. He is a member of the McKinsey global risk management leadership group and leads the German Risk Practice. He has served mainly Financial Institutions, but also Corporates across Europe. In 2014/15 he led the global program at Deutsche Bank to enhance the 3LoD and Internal Control Management framework for the Management and Supervisory Boards. He served as a member of the Group of Experts on Banking Issues to the EU Commission and is a Member of the Executive Board for the Frankfurt Institute of Risk Management and Regulation (FIRM)

Experience and expertise

• Redesign of the internal control systems for non-financial risks for national and international banking players regarding
• Group-wide risk governance structure (3 Lines of Defense)
• Implementation of a new group-wide Enterprise Risk and Internal Control System and related MIS and management processes
• Design of specific control organisations and frameworks (Regulatory Compliance, Fin Crime)
• Redesign of broader Risk and Compliance organisations and operating models banking and insurance companies
• Programs to enhance the effectiveness and efficiency of group-wide Compliance and Operational Risk Functions in Financial Institutions
• Design and setup of large-scale remediation programs in response to regulatory findings regarding prudential and conduct regulatory issues

Education and other experience

Thomas worked as a Managing Director at Deutsche Bank from:

• Managing a group-wide programme to enhance 1st LoD business and 2nd LoD control functions and strengthen group-wide control management framework
• Development of the new group-wide control governance structure incl. the group non-financial Risk Exco as top risk committee to cover non-financial risks chaired by the CRO
• Introduction of 1st line control functions under newly created Divisional Control Officer roles and rebalancing 1st vs. 2nd line responsibilities (shift into 1st line)
• Development of group-wide non-financial risk taxonomy to align risk responsibilities and strengthen risk reporting and risk management processes for non-financial risk
• Redesign of group-wide Risk and Control Assessment framework and related system solution

Thomas studied business administration in France and Germany. He holds a diploma in business administration from the University of Bayreuth, Germany and received his Ph.D.-degree in Finance from the University of Cologne, Germany, based on his thesis on value-based credit portfolio management.

McKinsey & Company is a global management consulting firm, deeply committed to helping institutions in the private, public, and social sectors achieve lasting success. For 90 years, our primary objective has been to serve as our clients' most trusted external advisor. With consultants in over 100 locations in over 60 countries, across industries and functions, we bring unparalleled expertise to clients anywhere in the world. We work closely with teams at all levels of an organization to shape winning strategies, mobilize for change, build capabilities and drive successful execution. McKinsey's Risk practice helps clients in all industries achieve extraordinary risk-adjusted performance. We take a truly global, cross-sector, cross-functional view of risk issues, combining McKinsey’s deep industry insight and strategic skills with a structured risk-management approach. Our proven methodologies are focused on true transformation, analytical tools, and practical implementation. Our network includes about 100 partners and 250 consultants and senior experts advising on risk projects in the Americas, Asia, Europe, the Middle East and Africa. To support our risk advanced analytics efforts, we have an extensive team of over 65 specialized modelling experts with advanced mathematical degrees. We also work closely with senior expert advisers—external collaborators who bring to bear decades of industry, regulatory, and academic experience.