Director - Internal Audit, Data Leader - Competitive Pay

Job Title: Director/Managing Director of Data Strategy and Governance

Company Overview:

This company is a leading organization in the financial services sector, seeking a dynamic and experienced individual to join our team as a Director/Managing Director of Data Strategy and Governance. This position offers an exciting opportunity to contribute to our internal audit, data governance, and AI/ML applications teams, with a focus on regulatory compliance and data excellence.

Location:

New York City (preferred), with potential options in Dallas, Chicago, or Tampa.

Duration:

Full-time, immediate start, with a commitment through the end of June 2024.

Role Overview:

The Director/Managing Director of Data Strategy and Governance will play a pivotal role in reshaping our data plan and ensuring compliance with regulatory requirements, particularly focusing on the Consent Order. This position requires a strategic thinker with deep expertise in data management, risk assessment, and regulatory reporting within the financial services sector.

Responsibilities:

Data Strategy Redesign: Collaborate with the leadership team to overhaul our data strategy, emphasizing a comprehensive approach that spans key verticals in data management. Move beyond Business as Usual (BAU) versus Transformational approaches to ensure an integrated view of risks and opportunities.

Pre-Validation and Validation Support: Navigate critical pre-validation and validation activities to ensure data integrity and compliance with regulatory standards.

Risk Coaching: Provide expert guidance on the highest risk areas in data management, offering insights to mitigate potential pitfalls and enhance overall data governance.

Sales Consultation: Act as a strategic partner in sales efforts, employing consultative approaches to address major issues for key clients in the financial services industry.

Communication and Presentation: Demonstrate exceptional communication and presentation skills, effectively conveying complex data concepts to diverse stakeholders.

Travel Availability: Willingness to travel as needed to support business objectives and engage with stakeholders across different locations.

Key Components of Data Governance for Regulatory & Management Reporting:

Business Glossary: Develop and maintain a comprehensive business glossary to ensure clarity and consistency in data terminology.

Critical Data Elements: Identify and prioritize critical data elements essential for regulatory and management reporting purposes.

Controls Implementation: Establish robust controls for quality assurance and effectiveness monitoring across all data elements.

KPI Tracking: Define and monitor Key Performance Indicators (KPIs) to assess data governance effectiveness and compliance.

Issue Resolution: Proactively address data issues through defined remediation action plans, ensuring timely resolution and compliance.

Process Monitoring: Implement processes for continuous monitoring of data governance activities and regulatory report submissions.

Data Lineage and Modeling: Document data lineage and develop sophisticated data models to enhance reporting accuracy and transparency.

Adjustment Framework: Define protocols for correcting data quality failures and reporting-related adjustments, ensuring transparency with management and regulators.

Qualifications

Bachelor's or Master's degree in a relevant field (e.g., Data Science, Computer Science, Business Administration).

Extensive experience (7+ years) in data strategy, governance, and regulatory reporting within the financial services sector.

Proven track record of success in leading data transformation initiatives and navigating regulatory compliance challenges.

Strong analytical skills with the ability to interpret complex data sets and identify actionable insights.

Excellent interpersonal skills with the ability to collaborate effectively across diverse teams and stakeholders.

Professional certifications (e.g., CDMP, CRISC, CISM) preferred but not required.

Join, and be part of a team driving innovation and excellence in data governance within the financial services industry. Apply now to embark on an exciting journey shaping the future of banking data management.