About this event
In today's banking landscape, data sharing between finance and risk departments has become a crucial need to mitigate risk and a regulatory expectation. This has come into even more focus with the recent regional banking failures. However, the reality is that Tier 1 and Tier 2 banks likely have silos between these two functions, which results in different views, requirements, and terminologies, making it challenging to access and utilize common data. How can banks prepare their data strategy to prepare risk departments for compliance reporting without hindering the effectiveness and agility of financial operations?
Peter Serenita, Chair of the Enterprise Data Management Council and former CDO of Scotia Bank will join Eliud Polanco, President of Fluree to discuss a path forward for banking institutions looking to share data more effectively across Finance and Risk functions.
We will discuss the importance of creating a common and unified golden system of records that are accurate, up-to-date, secure, and accessible to all stakeholders to service risk, finance, operations and analytical functions. We will examine the challenges associated with common data sourcing, including the differences in data views, terminologies, and sources across finance and risk. We will also provide a blueprint for "data-centric transformation" that starts with "defensive" data strategies that mitigate risk by unifying data and then eventually build towards an "offensive" data strategy that enables greater competitive analytics.
The webinar will be valuable for professionals working in finance and risk departments, as well as for those responsible for data management and reporting within banks. Attendees will learn best practices and strategies for building common repositories, bridging data gaps, and achieving compliance standards.
Hosted by
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Team member
Kevin Doubleday Director of Communications @ FlureeT
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Guest speaker
Peter Serenita Chairman @ Enterprise Data Management CouncilG
Peter Serenita was one of the first Chief Data Officers (CDOs) in financial services. He was a 28-year veteran of JPMorgan having held several key positions in business and information technology including the role of Chief Data Officer of the Worldwide Securities division. Subsequently, Peter became HSBC’s first Group Chief Data Officer, focusing on establishing a global data organization and capability to improve data consistency across the firm. More recently, Peter was the Enterprise Chief Data Officer for Scotiabank focused on defining and implementing a data management capability to improve data quality. Peter is currently the Chairman of the Enterprise Data Management Council, a trade organization advancing data management globally across industries. Peter was a member of the inaugural Financial Research Advisory Committee (under the U.S. Department of Treasury) tasked with improving data quality in regulatory submissions to identify systemic risk.
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Guest speaker
Eliud Polanco President @ FlureeG
Eliud Polanco is a seasoned data executive with extensive experience in leading global enterprise data transformation and management initiatives. Previous to his current role as President of Fluree, a data collaboration and transformation company, Eliud was formerly the Head of Analytics at Scotiabank, Global Head of Analytics and Big Data at HSBC, head of Anti-Financial Crime Technology Architecture for U.S.DeutscheBank, and Head of Data Innovation @ Citi. In his most recent role as Head of Analytics and Data Standards at Scotiabank, Eliud led a full-spectrum data transformation initiative to implement new tools and technology architecture strategies, both on-premises as well as on Cloud, for ingesting, analyzing, cleansing, and creating consumption ready data assets.
