I was working for the one of the big four bank of the Canada. The operation team was responsible to resolve the query raised by client through phone channel.
There were multiple queues with different SLA depending upon the criticality and severity of the request.
In all of the queues, the team was responsible for the investigation by accessing client account, approaching the vendor like Ironmonkey, Smycor or the bank branch retrieve the resolution for the end customer.
Quality Control to Quality Assurance, In this project, I have changed the legacy approach of retail operation by moving every team from 100% verification to a sampling strategy. The project was on the table for 10 months wherein I was coordinating with every line manager for swift migration to sampling and simultaneously I was working with the PSO team to create a randomizer rule in the Xtrac. By the end of the project, approximately 72% volume of retail ops was under sampling, and the business saved 13 FTEs.
Green Belt Project, Green belt project delivered in the month of Apr’2024 wherein the business saved .70 FTE.
Merger - 1. In 2022, I Merged two distinct operational teams to (a) broaden the domain expertise of each team member by offering them the chance to acquire new knowledge. (b) Improve the customer experience by streamlining the flow of instructions. (c) Gained operational efficiency.
NIGO Reduction Project, NIGO stands for 'Not in Good Order' so whenever Ops identifies any issue with the instruction sent by the client via post, the Ops team sends the case to another team that is responsible for arranging client communication to retrieve the missing info so that Ops can proceed with instruction. I have observed a good amount of volume going to the NIGO team for client communication which led to delays in client resolution and rework for both the teams which forced me to initiate a project to quantify the problem statement and what I can do to improve the process. Under this project, 16 changes were made to process and FIL applications to eliminate the intervention of the NIGO team and to complement the 'One and Done' approach. Apart from enhancing the client experience, the team gained the ~.6 FTE efficiency
Stock Transfer Lean Review, Stock Transfer was a process wherein the team was moving the assets (mutual funds) partially or fully from one account to another. Due to the involvement of two different parties i.e. Transferor and transferee', it became one of the most complex and lengthy processes which is completely manual in nature. STF was contributing the most of the errors, complaints, and other quality metrics hence I decided to review the STF application thoroughly to ease the life of the client & Ops. Under this project, I excluded 36 details that were irrelevant for STF, and the 7 page FIL form was reduced to 3 page application which not only eliminated the opportunity of making errors by 30% but also saved 50 hours/month for Ops