Case Study
Data Governance Maturity Progression
Data
Client
Fortune 50 Financial Services Institution
Services
Data Quality & Lineage, Data Management & Governance
Project Overview
The Client’s capital markets division was tasked with a variety of initiatives to help mature its data management program based on newly published enterprise and regulatory requirements. The Client sought data management expertise to help drive recertification of mission critical data elements (MCDEs), expand data quality metrics reporting capabilities, and increase coverage of data sharing agreements. Reference Point deployed a team of data management experts focused on bringing right-sized data management and governance solutions to the client’s capital markets division.
Solution
The RP team actively assessed ongoing procedures, methodologies, policies, and responsibilities to identify areas of improvement aligned to increasing regulatory and enterprise requirements.
Leveraging Extract, Transform, Load (ETL) and data visualization tools, the team was able to automate and expand existing data quality reporting to meet increased requirements.
Working with a variety of divisional stakeholders, RP recertified all capital markets Data Sharing Agreements (DSAs) and expanded required DSA components to meet industry requirements.
Finally, the team created turn-key processes for recertifying critical data elements, DSAs, and creating monthly/quarterly data quality metrics reporting.
Impact
- Automated monthly reporting and cut down the operational run-time by ~90%, improving report integrity while expanding overall report coverage.
Re-certified all existing MCDEs and DSAs to meet newly published enterprise requirements.
Built multiple turn-key processes for recertification of sensitive information assets.
Remediated all outstanding data management and governance issues for mission critical assets and successfully synthesized results to Enterprise Data Office to validate that risks were sufficiently addressed.
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