Question

Consider a team that you are familiar with - either by being a member of the team, a team leader, or a bystander. What were the team's goals?

Answer 1

Answer:

• To ensure that there is no income leakage whatsoever

• Ensure that there is no customer complaint made to the company's executives

• Early closure not later than 5pm daily, Monday to Friday

• Ensure customer survey ratings of at least 8.0

• Drive paperless environment.

• Daily reconciliation of the bank's transit accounts.

Explanation:

I used to belong to a team called settlement and reconciliation , which is under operations support, business banking in one of the top financial institution.

The goals are as listed above. For instance as a settlement and reconciliation team, you must ensure accurate settlement of all merchants such that none would receive excess settlement s which could deplete the bank's income. Also, there must be no customer complaint escalated to the bank's executives hence team must promptly resolve all queries and complaint.

Another goal is to drive early closure. No member of staff must remain in the office after 5pm unless permission is obtained to deal urgent transaction. Each year, the bank conducts internal survey among departments to know how well we treat our internal and external stakeholders. The least score approved for my team is 8.0 out of 10 , which must be met.

Again, one of the goals of the bank is paperless drive which was included in each team or unit's goals. We support the drive for paperless transactions by suggesting means to consummate transactions without printing. We must also ensure daily and timely reconciliation of all our transit accounts in order to ensure that no idle fund is sitting in there.