As requirements evolve and become more complex, so too does the need to submit more data more quickly. Now more than ever, organizations need to understand their data (what, how where), and how it is being used and controlled. They need a Data Governance program.
A Data Governance Program considers organizational aspects (green circles) and hybrid business, data and technical practices (yellow circles). Key challenge areas are ‘people, process and technology’.
We believe Data Governance is about getting alignment across the organization, policies definitions etc. and getting the managers and departments involved in each of these areas (Small circles) aligned. To the degree they're not aligned, those are the key challenges for an organization’s Data Governance program.
WPC has partnered with clients across all aspects of Data Governance programs. We have a strong focus towards creating and driving projects relating to data sourcing, data quality & master data duality, data operations, and security
Through training and education or steering project implementation, we provide a supportive role on client-driven components such as policies and procedural documentation, data catalogs and data definitions.
We apply specialist knowledge on key topics: RWA optimization, Basel III, BCBS, IFRS, CCAR, CCPA, Liquidity and funding reporting.
With our years of collective experience providing services across the financial industry spectrum, our team has learned to look at things with a different perspective, a different lens. As a result of this process, your customers, your reputation, and your reporting are protected.