Client Needs & Objectives
As part of the creation of an Intermediate Holding Company with specific capital, liquidity and reporting requirements (FED regulatory requirements), the objectives were threefold:
- Analyse Fed calculation and reporting requirements and translate them into data elements
- Perform the data gap analysis and identify remediation actions
- Build the framework to ensure data quality (lineage, tool etc.)
- Implement effective data ownership
Our approach
- Analyse Fed instructions according to the bank specificities and identify all required data elements in coordination with the business
- Perform data gap analysis related to sourcing, transformation and quality: define golden source for each data element, transformation and calculation needs, perform lineage (upstream to reporting systems), assess the quality
- For each data element, identify all stakeholders i.e. business owner, application owner, data steward etc.
- Prioritise and launch remediation actions with a criticality assessment (based on criteria such as the weight of activity, cross-dependencies with other Fed reports, complexity of the implementation, time constraints etc.)
