Bradshaw Santoro is a recruitment professional based in Boston. The managing director of Syntagma Group, Bradshaw Santoro finds competent technical staff for big banks and other financial institutions. He focuses on professionals with expertise in regulatory reporting and data management.
A December 2017 report by Wolters Kluwer’s in association with Risk.net identified data management as the major concern for 90 percent of surveyed banks in North America, Europe, Asia, the Middle East, and Africa. The data management challenge was made even more complex by limits on infrastructural capabilities, cybersecurity threats, and enhanced regulatory compliance requirements.
There are a number of steps banks can take to overcome these challenges. For example, they can align their risk and finance functions to meet the informational needs of business leaders and regulators, and they can comply with data-management government measures like the General Data Protection Regulation and Markets in Financial Instruments Directive II. These measures are implemented and continuously monitored across key operational segments. The implementation must be championed by an organization’s leadership, and monitoring must focus on key metrics like data quality and policy adherence.
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