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Data Management Goverance - Associate



Data Science
Bengaluru, Karnataka, India
Posted on Tuesday, July 2, 2024

Job Description

In Wholesale Risk Chief Data Office team you will be responsible to oversee and govern Data Risk Management framework which proactively identifies and monitors emerging and existing risks, establishes and maintains effective controls and governance to mitigate data risks arising from inappropriate, incorrect or unauthorized provision/ consumption, classification, storage, retention and disposal of data. You will also support delivery of Wholesale Risk Chief Data Office mandates related to the Data Risk Management Policy and Standard, assist in implementation of Chief Data Office strategy and partner with various stakeholders across the firm to build data governance capabilities.

Job Responsibilities:-

Program Management

  • Provide execution support to Data Risk Leads and relationship managers to facilitate seamless implementation of the Data Risk management priorities across all data risks.
  • Maintain strong working relationships with Risk Management, Business Process Owners, Data Providers, Data Owners, Data Quality Managers, Control Managers and key data-related roles across Business and Technology to facilitate effective communication.
  • Maintain Wholesale Risk Chief Data Office procedures to adhere to the Firm wide Data Risk Policy and Standards.

Data Governance

  • Prepares standard and ad hoc management reports and presentations in line with firmwide policy and standards
  • Provide status updates to Risk stakeholders measuring compliance and provide information required to progress through assigned tasks
  • Escalates project issues and risks appropriately

Data Quality

  • Manage assigned issues in Data Quality book of work for respective risk stripe and applications by coordinating remediation activities with technology, upstream CDO and impacted function’s stakeholders
  • Collaborate with key stakeholders, business partners, and control partners to document impacts of data quality
  • Reviews root cause analysis and recommends solutions for Data Quality issues impacting Wholesale Risk Data Stores and Risk Stripes
  • Participates in large quality related projects or may lead medium scope projects

Data Lifecycle Management (Data Classification, Data Use, Data Store, Retention & Destruction, Data Protection)

  • Executes against documented processes and procedures with minimal supervision
  • Support Data Risk Leads in operationalizing data risk related processes and bringing it to an evergreen state.
  • Identify and execute operational improvements in the Data Risk Management BAU activities
  • Directs activities, monitors details, and sets priorities
  • Support Information Owner’s & Record Stewards across all data store related recertifications , trainings and reference documents
  • Review data use cases with control, legal, cross LOB/CF and privacy compliance partners

Data Description

  • Contribute to the Risk Data Dictionary build-out – work with partners through working groups to finalize data element definitions and maintain all information in the FDM tool.
  • Research and document data ownership and data lineage. Understand the business context on respective data elements and source systems.
  • Data Management – Support the Data Management agenda across Risk. Work in close partnership with LOB, Operations, and Chief Data Office partners.

Data Controls Management

  • Maintain best practices for data controls, work with Risk Control Managers on analyzing existing controls and implementing additional controls to monitor data health and identify potential data quality issues
  • Actively contribute to the WCR Controls Working Group to drive the agenda for centralized and comprehensive data controls implementation across Wholesale Risk

Required Qualifications, Capabilities, and Skills

  • Bachelor’s degree in Finance, Economics or other related disciplines required;
  • 3 plus years of demonstrated experience in one of the following areas: Data Governance, Project management, Finance, Risk Controller, Internal/External Reporting, Business analysis
  • Excellent analytical and problem-solving skills; ability to execute on projects with minimal oversight.
  • Proficiency in manipulating and analyzing large data sets in Excel.
  • Familiar with PowerPoint basics and storytelling.
  • Experience with Risk management related applications/tools; Conceptual understanding of relational databases, data modeling, and SQL would be advantageous.
  • Experience with Business Intelligence tools such as QlikView, Alteryx is useful

Preferred Qualifications, Capabilities, and Skills

  • Excellent written and verbal communication skills.
  • Finance related bachelor’s degree preferred
  • Strong interpersonal skills; ability to develop effective credible relationships with business and technology partners.
  • Effective change management skills - ability to support & adapt within a changing environment
  • Self-starter, able to work autonomously, with strong time management skills; efficient at multi-tasking and able to work under pressure to deliver multiple business demands on-time, to a high standard
  • Ability to quickly learn and assimilate business and technical knowledge.
  • Basic understanding of the company's business practices and familiarity with the company's products and services