Data Governance Function

Definition:

The function that defines and implements the standards, controls and best practices of the data management initiative in alignment with strategy.

Commentary:

Data governance is responsible for creating and implementing a data control environment. According to the Basel Committee on Banking Supervision (BCBS) – a data control environment consists of a set of policies governing all aspects of data acquisition, distribution, integration and usage that are sanctioned by executive management, based on standards, implemented across the data lifecycle, with clear accountability and monitored by audit. The function includes, but is not limited to:
– Designing and implementing the framework (including associated processes) necessary to sustain a data control environment
– Establishing the operating model required to achieve governance objectives
– Defining and implementing policy, standards and operating procedures
– Establishing and implementing the data accountability mechanisms
– Developing and implementing metrics needed to monitor and report on data management progress
– Designing and implementing data governance training programs

Possible Role Titles:
– Data Governance Executive
– Head of Data Governance
– Data Governance Manager