Specialized Consultant Mid Level

New York, NY

Post Date: 06/27/2017 Job ID: 9889185 Industry: FIN Consulting
Brokerage Wealth Management (MSWM) is formalizing data governance practices to deliver increased value to the business and align with the Enterprise Data Governance policy.

To strengthen, scale, and sustain data governance capabilities MSWM is formalizing Data Stewardship for priority data domains. All Banking and Lending related products that fall under the Private Bank ( " MSPBNA ) are included in the scope of this effort.

The benefits of this initiative are:
" Supports improved client and field/advisor experience.
" Supports improved risk and regulatory change requirements.
" Supports customer data security and privacy management.
" Supports Streamline and Digital initiatives.
" Delivers consistent and accurate data across platforms leading to decreased costs and errors.
" Enables expanded use of data aggregation and predictive analytics to drive campaigns, relationships, and revenues.

Data governance, in accordance with the MSWM initiative, will be considered successful if the following core components are created, implemented, and maintained according to regulatory standards:
1. Organization model
2. Roles and responsibilities
3. Policy & Standards
4. Core Activities
5. Measurement & Metrics

Associated deliverables include business data glossaries per product, traceability between the Wealth Management Data Warehouse and the Private Bank's products' data points, workflow management, and reporting.

To assist in this effort, the Private Banking Group is requesting a consultant, for an initial period of 3 months, to perform the following functions:
" Collect and organize the breadth of data points associated with the Bank's banking and lending products
" Partner with the Wealth Management Data Governance Organization to reconcile and integrate Private Banking's critical data elements into the larger WM Data Warehouse
" Create Private Banking specific policies and procedures for data governance, including guiding principles, metadata taxonomy & standards, tools & technology standards, and data usage (who has access to the data, reporting formats)
" Host and facilitate product-specific working groups with stakeholders across technology, business, and project management to drive deliverables through to completion
" Provide updates across products and processes to the Private Banking Group project management office to ensure transparency and escalate issues as needed to senior management
At this time, the engagement does not include:
" Technical implementation of any identified solutions to either the current Banking technology infrastructure or the WM Data Warehouse

Experience Level: 3-5 years of experience in Business Analysis / Data Governance

Paige Bartram

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