Background:
Shawbrook Bank, a specialised savings and lending institution, faced the challenge of enhancing its service delivery, operational efficiency, and fostering a culture of innovation. In late 2019, Renier Botha, the Head of Delivery and Innovation (Central Functions), took charge to lead the bank’s central functions, including Risk & Regulatory, Compliance, Finance, Human Resources, Procurement, Cyber Security, and IT Infrastructure, towards achieving annual growth and service delivery targets.
Challenge:
Renier Botha was tasked with initiating and sustaining strategic changes across various departments. The objective was not just to meet the annual growth and service delivery targets but also to establish a culture of innovation and excellence within the bank.
Solution:
1. Strategic Change Leadership:
Renier Botha played a pivotal role in overseeing a £5.5m Central Functions strategic & continuous change portfolio. Under his guidance, 16 programmes, projects, and continuous change workstreams were executed, resulting in a 10.1% saving against the budget.
2. Talent Empowerment:
Botha’s key initiative involved building a highly skilled and customer-focused core change team. By empowering the team and ensuring knowledge retention, Shawbrook Bank could rely on a group of experts capable of driving change and innovation forward.
3. Vendor Management and Partnerships:
Effective negotiation of commercial and Service Level Agreements (SLAs) ensured strong relationships with vendors and flexible resource partners. This approach guaranteed specialised service delivery and viable solutions for the bank’s diverse needs.
4. Innovation and Automation:
The establishment of the Change Portfolio Management Office (PMO), under Renier Botha’s leadership, marked a significant milestone. Skilled staff, mentored by Botha, collected key performance metrics to produce real-time Management Information (MI). Automation and data-driven insights facilitated proactive governance, setting new standards for efficiency and decision-making.
5. Mentorship and Coaching:
Renier Botha took on the responsibility of coaching and mentoring technology and project management staff. This personalised approach not only helped individuals achieve their career objectives but also aligned their goals with the broader business strategy.
Results:
- Operational Efficiency: Streamlining processes and embracing automation led to a substantial increase in operational efficiency. Issues that previously took over 30 days to resolve were now tackled within 2 days, ensuring uninterrupted services.
- Innovation Culture: The bank’s culture shifted towards innovation, with the establishment of the Testing Capability initiative being a testament to this. By reducing regression testing efforts by 95%, continuous delivery became a reality, fostering a culture of innovation and rapid adaptation.
- Recognition and Acclaim: Shawbrook Bank’s transformation efforts, especially the successful Ambit Enterprise upgrade, received accolades from the board, positioning the bank as a leader in managed delivery practices.
Conclusion:
Under the leadership of Renier Botha, the Head of Delivery and Innovation, Shawbrook Bank successfully reshaped its central functions. By embracing change and cultivating a culture of excellence and innovation, Shawbrook Bank not only met its growth and service delivery targets but also set new industry standards, positioning itself as a beacon of success and innovation in the competitive financial sector. Renier Botha’s strategic vision and hands-on leadership were instrumental in this transformative journey, making Shawbrook Bank a leader in the ever-evolving landscape of banking and finance.
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