Creation of a Chief Data Officer function

Client Needs & Objectives

As part of regulatory transformation, especially BCBS239, our client wanted to create a new Chief Data Officer function

The objectives were threefold:

  • Assess precisely the internal and external needs and define clear roles and responsibilities
  • Design the Target Operating Model
  • Equip the new team with appropriate tools and procedures

Our approach

  • Diagnosed the organisation and assessed the needs (including regulatory) for the creation of a Chief Data Officer function
  • Defined mission statement and mandates of the Chief Data Officer
  • Identified all the stakeholders taking part of the Data Governance framework (business owner, data owner, data steward, data custodian etc.)
  • Assessed the workload and identified required staffing
  • Proposed organisational scenarios especially hierarchical and functional links
  • Benchmarked data management tools, assessed pros and cons and prepared decision file

Client Benefits & Main Results

  • Have a sponsor at an executive level to ensure decisions are implemented in a timely manner

  • Create a real data community organised around business lines and functional areas to ensure a good level of coordination across the stakeholders of the data governance framework

  • Organise a regulatory watch tower to identify hot topics

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