organizational title often found in the organizational structure of banks,
investment banking firms, and brokerage firms, generally indicating a
staff function concerned with the analysis and study of operational data,
particularly budgeting, cost accounting, and operations planning, with
the aim of improving methods and performance.
The larger the institution, the more likely such a managerial function
will be provided organizationally, because of the problem of efficiencies
in size, under various titles, such as "operations supervision" under
a separate vice-president or managing partner, or under the comptroller
brokerage firms, the investment analysis, advisory, and research department
was often referred to as the "statistical department," a term now generally
found replaced by these more descriptive titles.