Flagstar

1. 1. Data Governance By Sankar Bala, Senior Vice President & Chief Data Officer, Flagstar Bank, Troy, MI
2. 2. Introduction • Sankar Bala – Chief Data Officer, Flagstar Bank • More than 20 years experience with Data Management and Analytics • Flagstar Bank - The largest banking company headquartered in Michigan • A top-tier mortgage originator in the country, and one of the nation's top 10 largest savings banks.
3. 3. Data Governance in Enterprise Agenda • Start from Regulatory Reporting • Highlight the Data Quality issues in monetary terms • Identify key stakeholders from the main line of business • Periodically show the results – it might be old news for you but not for them
4. 4. How to overcome data territorialism? • Demonstrate the power of synergy across departments – 1 or 2 case studies will help • Ensure that the individual departments own the data ownership, even though they share the data with consumers • Show the advantages of corporate dictionary and enhanced reporting on data quality metrics that will result from centralized data governance practices
5. 5. How should a Data Governance Org look like? • Full-time roles should act like facilitators • Should have Line of Business representation with number of hours/week commitment • Occasional Boot-camps should be conducted to remove blockers • Should have experts in tools to facilitate exchanges and create/update processes