Bank Knows Where Its Money Is!

• Mr. Murphy managed the Activities Based Costing Project for a $43 billion financial institution, an initiative to pinpoint the precise cost of every banking transaction, in order to identify opportunities for profitability reporting, cost reduction, and capacity planning. The 9-month project involved collaborating with all of the 8 affiliated banks' line-of-business managers to evaluate branch operations, and coordination of reporting needs with financial executives.  The project team, under the direction of Mr. Murphy will compile data from more than 20 mainframes in lending, deposits, mortgage, and leasing; and to deconstruct the data by branch, then by account.
    
• The timely and accurate provisioning of data to the shareholder value-added project was the responsibility of the Enterprise Data Warehouse, whose Program Manager was Mr. Murphy.  The goal of the project was to standardize collection and reporting of profitability data, by account, customer, and loan officer, toward calculating the amount of value each contributed to the corporation and to shareholder dividends.