Data Management

Our Expertises

Scott & Owens provides skills in several aspects of data management, such as data governance, data quality or data protection. These skills have been developed as a result of our previous interventions on information and reporting reliability projects. They are now valued in the daily support or projects provided to our customers through our commitment to the correct use of data for the right purposes.

Our consultants can intervene in both operational and organizational areas by making the experiences acquired by Scott & Owens available to clients. Our managerial experiences acquired in different fields of activity allow us to support our clients in the definition and implementation of their data governance according to their specificities. Operationally, our experience as a business analyst and damabook concepts provide us with the elements to produce quality deliverables.

Our Experiences

DATA GOVERNANCE

  • Data Governance setting up @ING Luxembourg
  • Target Operating Model definition between CDO & banks departments and support for its implementation
  • Definition of Data Owners & Data Steward roles with business lines and support functions

DATA QUALITY

  • Data Quality Rules ad data quality framework definition within CDO team
  • Define the dataset collection in order to feed the prepayment local model for mortgage product (Quantative Risk Model project)
  • Data cards modeling to explain functional lineage for lending

DATA PROTECTION

  • Project Management on GDPR project @ING Luxembourg
  • Data protection preassessment with business lines and support functions
  • Creation of internal tools for DPIA and Register of processing Activities

Our Achievements

Focus Compliance: AML / KYC Expertise, Compliance Advisory, Data Management

What we have done

Compliance Advisory : MiFiD II

Conception of a new module for checking suitability & appropriateness of stock market orders according to the customer’s MIFID profile.

Conception of a stock market orders simulator with automatic orders generation based on the results of suitability & appropriateness checks and customer’s decision.

Implementation of an automatic daily portfolio valuation & loss follow up with an automatic account officer alert & customer notification from a threshold configurable according to the portfolio type.

Our Achievements

Focus Compliance: AML / KYC Expertise, Compliance Advisory, Data Management

What we have done

Data Management : Data quality framework

Implement Data quality framework to identify and develop business rules in addition to ensure measurement of progress in obtaining outcomes.

Long term plan coupled with business rules ensures that tactical business rules falls under the purview of the overall strategy.

Our Achievements

Focus Compliance: AML / KYC Expertise, Compliance Advisory, Data Management

What we have done

Scott & Owens supported ING Luxembourg in bringing customer defaults into compliance with the New Definition of Default, art. 178 of CRR2. The mission’s aim was to implement the new regulatory elements for default qualification, and to ensure their conformity with the EBA’s requirements.

Scott & Owens facilitated the interaction between Credit Risk and IT teams, as well as the transcription and technical illustration of regulatory terms with business objectives. Testing and monitoring of the common implementation were carried out throughout the whole counterparty risk process.

Our Achievements

Focus Compliance: AML / KYC Expertise, Compliance Advisory, Data Management

What we have done

AML / KYC Expertise : Due Diligence on customers

Perform Customer Due Diligence on corporate clients by identifying and verifying the following as it applies to entity under investigation using approved sources.

Ensure proper CDD/EDD is completed during client onboarding stages which include understanding of controls and ultimate ownership of customer’s entities and identifying PEPs.

Investigate full ownership and control to identify all ultimate beneficiaries and possible PEPs for KYC and risk management purposes.