Data Governance Officer

Choice Bank•Minneapolis, MN

18h

About The Position

The Data Governance Officer will be responsible for standing up the bank’s first Data Governance Program and supporting functions across the company. This role will develop and implement frameworks, policies, and procedures to ensure the effective management, security, privacy, and compliance of organizational data assets. The role will collaborate with cross-functional teams to establish data governance best practices, resolve data-related issues, and promote a data-driven culture throughout the organization. This role will have an ability to work cross functionally with business and technical leadership across the company. This role, part of the 2nd line Risk function, provides independent oversight and assurance of data governance across the organization, working closely with the 1st line and audit teams to ensure compliance. This role also collaborates with Fintech and other third-party partners to uphold the bank’s standards for data management, and regulatory requirements.

Requirements

6+ years relevant experience within requisite competencies.
Experience in Banking, Financial Services or other highly regulated industry.
Bachelor's degree required, master's preferred.

Responsibilities

Develop and implement a comprehensive data governance framework, including policies, standards, and procedures, to ensure the effective management and control of data assets.
Develop objectives, plans, specifications, resources, and long-term goals to support the company’s data management objectives and regulatory obligations.
Establish and chair a data management committee and working groups, as appropriate, to govern data management objectives across first and second lines of defense.
Establish and implement data quality Key Risk Indicators (KRIs) and other metrics for measuring and reporting data related risks.
Develop and deliver quality reporting to the Board of Directors, senior leadership and other stakeholders across the company.
Adopt and administer data quality and data governance technologies and tools necessary to support the Program’s objectives.
Establish and maintain data governance processes and structures to address data stewardship, data quality, metadata management, data classification, and data lineage.
Oversee business line processes for data validation, data defect management and issue remediation.
Direct or support highly complex analysis activities to identify and remediate data quality or integrity issues and to identify and remediate process or control gaps.
Monitor and enforce data governance and privacy policies and procedures, ensuring adherence across the organization through training programs, awareness campaigns, and regular audits.
Provide guidance and support to data stewards and other relevant teams in data governance and privacy activities, including data classification, data access controls, and data lifecycle management with privacy considerations.
Drive data quality initiatives, establish data quality metrics, and implement data quality monitoring processes to ensure data integrity, accuracy, and privacy compliance.
Collaborate with IT teams to design and implement data governance tools, technologies, and infrastructure to support data governance and privacy initiatives effectively.
Stay updated with industry trends, emerging technologies, and regulatory changes related to data governance and privacy, and apply this knowledge to enhance the organization's data governance and privacy practices.