Session by BONTLE SENNE
9.40 am - 10.00 am
10.20 am - 11.00 am
Bontle Senne is the Director for Deutsche Bank’s global Agile transformation in Corporate and Investment Banking. This transformation covers 10,000 staff in technology, operations, change, and business across 4 continents. Prior to joining DB, she spent 5 years at McKinsey and Company Johannesburg where she became the co-lead of McKinsey Africa’s Agile practice and worked on several Agile and digital transformations in banking and telecoms. Prior to McKinsey, she was the MD for a small edtech NGO focussing on using technology to advance distribution of indigenous language children’s books. Bontle is a published author and non-executive director on three boards including St Mungo’s Homeless Charity.
Technology, business, and operations adopting Agile ways of work will yield limited results without a simultaneous radical rethinking of governance and support functions, especially in the highly regulated financial services industry. The transition to an Agile operating model, regardless of framework or methodology applied, requires a fundamental redesign of financial processes and controls. Annual budget planning cycles, insufficient automation and automated controls, detailed 5 year resourcing plans, and traditional measures of cost and benefits associated to transformation will doom the Agile operating model to a minor process improvement exercise with limited tangible business value. Similarly, perpetuating myths about Agile being a liberation from all reporting discipline, bureaucracy, and controls, will also kill any operating model reset before it ever gains any real momentum. This talk will address the changes required in tech, business, and finance to sustain genuine Agile transformation.