A $1 Billion commercial Bank based in Midtown Manhattan looking to bring on a new "Director Of Compliance Data Governance And Reporting" to join their team. This role is currently in a hybrid schedule (1-2 days in office).
Responsibilities:
• Develop and execute data governance and reporting strategy that aligns with business goals and growth plans.
• Drive innovation and continuous improvement efforts to meet evolving demands.
• Develop and implement a comprehensive third-party data governance framework, including policies, procedures, and standards for compliance data management, quality, and security.
• Collaborate with cross-functional teams, including IT, Operations, and Risk Management, to ensure the effective implementation and ongoing maintenance of the third-party data governance framework.
• Establish and maintain a third-party data inventory and data lineage documentation to ensure a clear
understanding of data sources, flows, and dependencies.
• Develop and implement data quality management processes for third-party data required for compliance,
including data profiling, cleansing, and validation.
• Monitor and assess the ongoing quality and reliability of third-party data required for compliance, conducting regular testing and assessments to identify potential issues or risks.
• Identify and prioritize third-party data requirements for regulatory reporting and internal compliance monitoring.
• Monitor and analyze compliance reporting metrics related to third-party data to identify trends, patterns, and potential areas of concern, and provide recommendations for improvement.
• Design and implement automated compliance reporting processes, leveraging data visualization and business intelligence tools to provide accurate and timely insights.
• Collaborate with the compliance team to identify and prioritize data requirements for internal compliance
monitoring
• Maintain a comprehensive set of KRIs and KPIs to monitor the effectiveness of compliance programs, identify potential risks, and measure performance against established goals.
• Provide training and guidance to relevant stakeholders on third-party data governance policies, procedures, and best practices.
• Stay abreast of regulatory changes and industry trends related to third-party data management and reporting and adapt the data governance framework accordingly.
• Lead and mentor a team of data governance and reporting professionals, fostering a culture of continuous
improvement and data-driven decision-making, leading to a high performing and effective team.
• Conduct regular performance evaluations