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Data Governance and the Chief Risk Officer
Last Thursday, I hosted a discussion on Data Governance and the Chief Risk Officer (CRO) with Rob Anarfi, Chief Risk Officer at Beazley, and Ross McGee, Head of Enterprise Risk Management at Apollo Group.
Rob described how he sees the data function as both a first-line and a partner to a risk function, like a “1b” in the three lines of defence model. He sees the data team as the bastions of what good data frameworks look like and what good data quality looks like, driving a good data culture through an organization.
As a CRO, he looks to the Chief Data Officer and their team to be the bastions of what good data frameworks and good data quality look like, driving a data culture throughout the organisation.
Ross agreed with Rob and explained that the Data Governance team set the standards - they tell the rest of the business what the field means; they define the structures in which we hold the data, and how users can then access the data.
He added that the data team really needs to realise that they are not there to inhibit, they are there to enable the business; and the business needs to realise that more.
I’ll be sharing more extracts from this session in future emails and posts - meanwhile the whole conversation is now up on the Datazed YouTube channel.
Voting time - what’s your opinion?
This vote is a continuation of last week’s, so don’t vote again if you did already. We’ve had some discussion on whether the name Data Governance generates impressions of a compliance or regulatory culture, which does not show value to the business and puts people off from participating.
Alternatively, you might view that names are not the concern - it’s about how you are working with your organisation.
Should the name be changed, and what would you choose?
Come and meet me - in person or online
Data Drinks - for those working in insurance
Thursday 23 March in EC3 from 5pm
Friends of the Datazed of Data Governance, who work in the insurance sector, are invited to join this event. Contact me for details.
Reduce, Reuse, Recycle - What to do When Data Governance Has Been Binned
Tuesday 9 May at IRM UK's Master Data Management and Data Governance Conference Europe.
I'll be at the conference on Tuesday 9th and Wednesday 10th.
As a speaker, I have a 10% discount code which I can share with you on request.
Data and the CxO - interactive discussions with the C-suite to discuss the interactions between data teams and their teams.
If you are, or wish to nominate, a CFO, CIO or COO, then let me know.
Sponsorship opportunities available.
The Datazed of Data Governance training course
A series of eight sessions online, with interactive discussion (recordings will be available).
We'll go all the way from what you do when you start in the role, through to understanding your aims and objectives; delivering them; and then looking how you can develop your team and ultimately advance personally and professionally.
Register for more information and to join the waitlist.
Are there any other events that you think I should attend or be speaking at? Let me know.
Have a wonderful week,
Charles
P.S. Don’t forget that I’m looking for contributions from guest writers, which may have been published previously; or you can come up with something new. This is a perfect opportunity to share your thoughts with a focused audience.
Join the conversation