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Chief Data Officer Europe 2017

Barry GreenChief Data Officer, Bank of Ireland (Interim)

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The Problem Statement is Common

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The Missing Link

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Alignment and Collaboration

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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

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Multi Year Journey – Prioritisation Needed

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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

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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 OwnershipBusinessGlossary

DataQuality

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

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Collaboration is the New Black

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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