Management Information: One of the UK’s top 5 banks
Client Story
We invest considerable time understanding the client’s capabilities, the objectives they have identified and their culture to determine the skills they needed to acquire and the types of individuals that would succeed in their environment.
The Challenge
Whilst the technical system skills required are relatively commonplace the knowledge required to deliver the solution was very specific to the client’s project requirements. Despite engaging with a number of partners the client had struggled to secure suitable resource and at the same time were experiencing high attrition as talent was targeted by firms outside the sector and into the London market. This all happening at a time when the client was expecting the need for flexible resource to grow as more remediation projects started.
The Solution
Grovelands worked with the Head of Remediation Management Information to understand the skills required and build role profiles to bring a project team together, capable of creating an automated calculator that would reduce reliance on manual input and so mitigate the risk of inaccuracy. By working closely with the client to understand what they were trying to achieve and then help source the best candidates in terms of background, technical experience and location we were able to build the team of up to 20 specialist contractors including Database Architects, Developers and Technical BA’s working within the team on complex remediation projects.
The Result
The bank has used the calculator as a template that has been developed to suit multiple remediation projects including PPI, Credit Cards, Store Cards for Mortgages to accommodate both internal systems and third party data. Across all remediation projects they have now saved over £40M in operational costs over a 2 year period.
Grovelands have built an extensive network of technical specialists in a challenging geographical area and have yet failed to complete a resource requirement in the past 4 years, successfully building a team of over 30 specialists.
