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Yes my answer is quite specific. Here's a slightly redacted & condensed version:

"As an X at a bank, I managed a team of Y. We were performing a task to achieve compliance with ABC.

I arranged meetings with Y and Z, where we collaboratively came up with effective solutions, meeting compliance regulations & improving efficiency.

Collaboration between X, Y and Z was essential to success.

I initiated brief daily team meetings to discuss progress and encourage team members to share issues.

At the end of the project we reviewed its successes and failures, to allow team members to learn and grow, and to identify areas for future improvement. By collaborating we achieved our goals."