Data Governance Practice Leader
New York Life Insurance Company (“New York Life” or “the company”) is the largest mutual life insurance company in the United States*. Founded in 1845, New York Life is headquartered in New York City, maintains offices in all fifty states, and owns Seguros Monterey New York Life in Mexico.
New York Life is one of the most financially strong and highly capitalized insurers in the business. The company reported 2015 operating earnings of $1.875 billion. Total assets under management at year end 2015, with affiliates, totaled $528 billion. New York Life holds the highest possible financial strength ratings currently awarded to any life insurer from all four of the major ratings agencies: A.M. Best, A++; Fitch AAA; Moody’s Aaa; Standard & Poor’s AA+. (Source: Individual Third Party Ratings Report as of 8/11/15).
Financial strength, integrity and humanity—the values upon which New York Life was founded—have guided the company’s decisions and actions for over 170 years.
- The role of the Data Governance Practice Leader is to develop, steward, organize, publish and evolve all data governance intellectual property that comprise data governance standards and best practices. The Practice Leader will collaborate with and influence emerging Business Data Stewards as a community to mature the overall practice of data governance and stewardship via a federated model. The Practice leader will author policy develop measures, and drive excellence in data management processes across all lies of business.
- Develop, steward, organize, publish and evolve all data governance intellectual property that comprise data governance standards and best practices, including but limited to policy, glossary, taxonomy, process and data flows, process controls, data management service level agreements, and service and data quality measures/metrics.
- Be the primary author of data policy for the enterprise. Manage evolution of policy as driven by business needs.
- Develop and facilitate a community of practice among all data stewards across all lines of business, to drive adoption of standards and exchange ideas and best practices.
- Provide individual coaching and mentorship to emerging data steward professionals
- Develop, publish and maintain data management service and data quality measures and scorecard at an enterprise level
- Provide stewardship and drive development of process and data flows for enterprise master data domains
- Direct data profiling initiatives on enterprise data domains, and publish results in concert with domain specific data stewards
- Own, develop and maintain an enterprise business data glossary. Own and drive the evolution of the business glossary from a place to publish standards to an interactive, Wiki-like, searchable “data store” enabling controlled publish and subscribe capabilities to dramatically improve data access.
- Lead tool/technology evaluation for enterprise data governance and stewardship, engaging Data Stewards, Architects and Technology leaders
- Participate in external consortia and organizations to stay on top of industry trends and best practices, and provide a channel of communication for internal data management professionals
Education / Training
- Bachelor’s degree; equivalent work experience accepted
- M.B.A. or Master’s in Management or Technology; equivalent work experience accepted
- 7-10+ years of relevant experience in information management
- Demonstrated leadership developing information management standards
- Experience organizing and influencing across lines of business and functional areas
- Experience in leading change and managing transitions is highly desirable
Required Skills / Knowledge
- Demonstrated experiences and expertise in information management strategy, methodologies, tools and techniques with special emphasis on information management policy, taxonomies and business glossaries, data stewardship, data quality, and master data management services design and implementation
- Demonstrated ability to collaborate, communicate, build relationships, mentor and influence a community of data professionals across lines of business and functional areas
- Strong written, verbal and communication skills with the demonstrated ability to work with all levels within the organization
- Experience in business process design and data standards development
- Familiarity with IT functions and services
- Strong organizational, analytical, decision-making and problem solving skills; accuracy and attention to details
- Ability to work in a fast-paced environment and manage multiple simultaneous priorities
- Demonstrated ability to think end-to-end, connect moving parts, and anticipate and manage change impacts
- Ability to define and leverage metrics to drive performance and outcomes
- Working knowledge of MS Word, Excel, and PowerPoint.
- Experience with visualization tools like Spotfire is desirable.
- Possesses a deep understanding of current and future information management technologies and applications
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- Based on revenue as reported by “Fortune 500, Ranked within Industries, Insurance: Life, Health (Mutual),” Fortune Magazine, June 15, 2015. See http://fortune.com/fortune500/2015/ for methodology.
1. Operating earnings is the key measure use by management to track Company’s profitability from ongoing operations and underlying profitability of the business. This indicator is based on generally accepted accounting principles in the US(GAAP), with certain adjustments Company believes to be appropriate as a measurement approach ( non GAAP), primarily the removal of gains or losses on investments and related adjustments.
2. Assets under management represent Consolidated Domestic and International insurance Company Statutory assets (cash and invested assets and separate account assets) and third party assets principally managed by New York Life Investment management Holdings LLC, a wholly owned subsidiary of New York Life Insurance Company.
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