how to get entity, hierarchy and relationship data right

DataManagementReview.comOctober 12, 2017

FROM

Welcome to A-Team Group’s webinar

How to get entity, hierarchy and

relationship data right


FROM

A recording of this webinar can be found

at:

http://resource.datamanagementreview.c

om/webinar-recording-entity-data-

oct2017

http://resource.datamanagementreview.com/webinar-recording-entity-data-oct2017


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Moderator:

Sarah Underwood, Editor, A-Team Group


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Panel Member: Andy Simpson, Head of Client

Data Operations: Client Management Unit,

ICBC Standard Bank

Areas of Expertise:

• Business owner of counterparty reference data

function at ICBC Standard Bank since 2007

• Experience of supporting disparate stakeholder

requests for legal entity hierarchies and many years

modelling for management of tripartite hierarchies

against an inflexible data model

• Completed a fundamental review of our logical

data model as a precursor to replacing our legal

entity master and party operating model


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Panel Member: Neville Homer, Head of RWA

Reference Data and Data Services, RBS

Areas of Expertise:

• Head of reference data at NatWest Markets at RBS

• 19 years working in data related roles in financial

services

• Past eight years managing various data services in

RBS including entity reference data


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Panel Member: Kelvin Dickenson, Vice President

Compliance Solutions, Opus/Alacra

Areas of Expertise:

• Responsible for product strategy, product

management for the Opus range of solutions for

KYC and entity reference data

• Advisory board member of the Association of

Certified Financial Crimes Specialists

• 12 years in the data industry providing solutions to

financial firms globally

• 20 years of prior experience at US and UK banks in

a range of compliance and risk management roles


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Panel Member: Anders Rodenberg, Head of Financial

Institutions and Advisory, Bureau van Dijk

Areas of Expertise:

• More than seven years of experience in

implementing hierarchy information into global

institutions around the world

• Published articles tackling beneficial ownership

challenges, including recent publication in the

Journal of Financial Compliance, ‘Why the DNA of

beneficial owners prevent companies from self-

submitting beneficial ownership data’

• Intercompany subject matter expert with the label

‘data geek’


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Panel Member: Tom Stock, Senior Vice President,

Product Management, GoldenSource

Areas of Expertise:

• Head of product management at GoldenSource

• Responsible for the specification of market

requirements for current and future products

• Worked with several larger banks and brokerage

clients on their implementations of client

onboarding, KYC, and entity master

• Part of the GoldenSource leadership team for over

15 years


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Types of entity data used in financial institutions and their use cases

Regulatory requirements for entity, hierarchy and relationship data

Opportunities of scaling entity, hierarchy and relationship data

Specific and broad use cases of the Legal Entity Identifier (LEI)

Challenges of sourcing and maintaining entity and hierarchy data

Fulfilling applications such as KYC and sanctions screening

Step-by-step processes to get entity and hierarchy data right

Emerging technologies that can enhance entity data management

Talking Points


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Types of entity data and their use cases


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Regulatory requirements for entity, hierarchy and

relationship data


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Opportunities of scaling entity, hierarchy and

relationship data


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Use cases of the Legal Entity Identifier (LEI)

• Regulatory compliance

• MiFID II

• MiFIR

• EMIR

• Dodd-Frank

• Internal operations

• Improved entity management

• Better customer understanding

• New business opportunities

• Improved risk management


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Potential of the LEI beyond regulatory compliance

Source: A-Team Group/Dun & Bradstreet White Paper, Deriving True Business Value from the Global LEI, October 2016

Adding datasets to the LEI


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Challenges of sourcing and maintaining entity

and hierarchy data

• Sourcing complex datasets

• Building data hierarchies

• Developing entity relationships

• Tracking data changes

• Regulatory requirements


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Challenges of frequent changes in

hierarchy data


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Entity data requirements of apps such as

KYC and sanctions screening

• Data that is:

• Accurate

• Up to date

• Timely

• Accessible

• Refreshed


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A step-by-step process to get sourcing and

management of entity and hierarchy data right

Identify gaps in entity

and hierarchy data

Decide on entity

data management –

in house, vendor?

Map LEIs to internal

entity identifiers in

key applications

Implement solution

–- focus on data

quality and timeliness

Ensure data is

constantly reviewed

and updated

Source LEIs for all

entity data and

hierarchy data

Review internal

universe of entity and

hierarchy data

Decide how to

source entity data

– in house, vendor?


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Technology solutions and emerging technologies

for entity and hierarchy data management

• Machine learning

• Cognitive computing

• Artificial Intelligence

• Blockchain


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Advice for data practitioners working with entity,

hierarchy and relationship data


FROM

Thank you to our sponsors

Kelvin Dickenson, CFCS

Head of Compliance

and Data Solutions

48 Wall St., 6th Floor,

New York NY 10005

[email protected]

Contact:

[email protected]

Contact:

Register for your free trial at

bvdinfo.com

or email

[email protected]


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November 16th – RegTech Summit for Capital

Markets, New York City


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Datamanagementreview.com

October 19th – Tackling data management pain points in the run up to

MiFID II

October 31st – New data, old data, no data: How do you solve the data

problems of MiFID II and FRTB?

November 9th – Making the most of data management utilities


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FROM

Join the

Data Management Review Online Community

Data Management Review is your single destination for knowledge and resources covering data management

approaches, trends and challenges as well as all the regulations impacting financial data management for the

enterprise.

Join our 15,000 other members - it’s entirely free to join!

Sign up at http://bit.ly/signupforDMR

Membership entitles you to free access to expert unbiased commentary.

We deliver:

Regular weekly updates on the latest news and views

Blogs and commentary

White papers

Surveys and research

Data management handbooks

Events

Webinars

Awards

http://bit.ly/signupforDMR

how to get entity, hierarchy and relationship data right

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