Belfius
Challenge :
Secure the operational effectiveness of the Data Second Line of Defense (2LoD) through the definition of its charter, control plan, and target operating model.
Revenue:
4 500 M€
Employees:
7 000 employees
Sector:
Banking and Insurance
Team assigned:
1 Managing Director (15% allocation) and 1 Consultant (100% allocation).
Timeline:
3 months
Results
Implementation of a compliant data governance framework and contribution to the closure of the ECB requirement related to BCBS 239.
Albus Partners' Approach
Assessment of the maturity of the Bank’s 2LoD data governance, control framework, and Data Management Framework.
Definition of the 2LoD charter, control methodology, and governance committee structure.
Support for the deployment of the framework and assistance with interactions with the European Central Bank.
Albus Partners’ Differentiators
Strong expertise in data governance within regulated banking environments.
Extensive experience in data risk management and control frameworks.
Support to teams in their interactions with supervisory and regulatory authorities.
