---
title: "Risk Management Transformation Support"
ocid: "ocds-h6vhtk-0776f2"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0776f2"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-0776f2.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-0776f2.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "Financial Services Compensation Scheme"
published: "2026-09-21"
---

# Risk Management Transformation Support

Buyer: Financial Services Compensation Scheme  
Current stage: Award  
OCID: ocds-h6vhtk-0776f2

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## Summary

Financial Services Compensation Scheme Limited commissioned specialist risk management transformation support for its programme. The service covers assessing process and control effectiveness across selected domains; designing and embedding preventative and automated controls; reducing reliance on manual and detective controls; and strengthening first-line risk ownership and accountability. The provider is also expected to develop first-line risk and control registers, recommend practical tooling and automation, support a sustainable data-driven risk management capability, and create a comprehensive compliance traceability matrix. Delivery is through iterative call-offs, each contributing to a defined future-state operating model. This is a business and management consultancy service, delivered in the United Kingdom, for a financial services compensation scheme organisation.

The procurement is complete and was awarded following a competitive selective procedure under a framework. One lot was awarded to Baringa Partners LLP on 21 September 2026 for £1,800,000 gross. The contract is scheduled to run from 25 September 2026 to 24 September 2029, with the buyer retaining the right to extend it once for up to 12 months, to a maximum end date of 24 September 2030. The award is above the relevant threshold. The requirement was evaluated through the framework’s competitive award process. The contract was due for signature by 25 September 2026. The selected supplier is an SME, and the procurement used iterative call-offs to support delivery of the transformation programme.

This award demonstrates substantial demand from FSCS for specialist consultancy combining risk management, internal controls, compliance and transformation delivery. Credible suppliers for a future requirement would need to assess control effectiveness across business domains, design and implement preventative and automated controls, and reduce dependence on manual or detective activity. They would also need practical experience establishing first-line ownership, maintaining risk and controls registers, recommending tooling and automation, and building data-driven operating capabilities. The ability to produce a comprehensive compliance traceability matrix is central to the requirement. Competitors would benefit from experience delivering complex financial-services change through structured, iterative call-offs and from the capacity to provide specialist resources across the United Kingdom.

## Notice

FSCS is seeking a Service Provider capable of supplying specialist resource to support continued delivery of the 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.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/089376-2026 |
| Notice type | UK6 - Contract Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Award under framework |
| Tender suitability | Not specified |
| Awardee scale | SME |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 21 Sep 2026 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 21 Sep 2026 |
| Contract period | 25 Sep 2026 - 24 Sep 2029 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | £1,800,000 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Complete |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | Financial Services Compensation Scheme |
| Locality | LONDON |
| Postcode area | Central London |
| Postcode | EC3A 7AW |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | City of London |
| Electoral ward | Aldgate |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | Baringa Partners LLP |

## CPV Codes

### Divisions

- 79 - Business services: law, marketing, consulting, recruitment, printing and security

### Codes

- 79400000 - Business and management consultancy and related services

## Release History

- 21 Sep 2026 at 18:11 - Award - UK6 - Contract Award Notice - https://www.find-tender.service.gov.uk/Notice/089376-2026

## Documents

- https://www.find-tender.service.gov.uk/Notice/089376-2026
  21st September 2026 - Contract award notice on Find a Tender

## Notice URLs

- https://www.baringa.com/en/
- https://www.find-tender.service.gov.uk/api/1.0/ocdsReleasePackages/ocds-h6vhtk-0523e0
- https://www.legislation.gov.uk/ukpga/2023/54/contents

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0776f2. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-0776f2.json.