Scope of Work
- Define the problem statement in sufficient detail
- Set up a project charter to ensure the project meets its purpose
- Set up a Project team to work in close coordination with Technology to ensure progress on the problem statement
- Own the role of the Product Owner for the global project from the GCC
Challenges
- Clear definition of the problem statement and conclusion on the 272 unique issues defined as part of the project
- Understanding the role of different sub-processes as part of the overall trading finance business unit in a highly regulated regime
- Bridging the perspectives between Business, Finance, and Technology teams
- Influencing senior leaders including Business CFO and COO for project funding
- Availability of best talent for the transformation
Solution
- Function Lead assumed role of the Global Product Owner to demonstrate accountability
- Created a pool of talented team members from the function to meet different roles of the Project
- In-depth understanding of the different sub-processes of the trading business to provide the right scalable solution
- Effective collaboration with Technology to define requirements for the business problem statements
Benefits
- Defined clear ROI from the project to justify project funding
- Defined the problem statement, which had been pending for 5 to 7 years
- Removing manual interventions resulted in FTE reduction of 10{7126ef689967c99f7e9a450841e77e615dc0e5bf9a33aadbab7cb6478499c2b3} for the function over a span of 2 years
- Base work completed to lay the foundation for a broader finance future state program
- Teams in GCC became familiar with driving large-scale transformation projects in a banking environment
