DAIR Flashcards

1
Q

Data Asset Def.

A

Location where data is physically stored and governed

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2
Q

Data Risk Def.

A

Exposure to financial and non-financial consequences

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3
Q

Data Risk Governance Docs

A
  • D.R.M. Framework
  • D.R.M. Policy
  • D.R. Taxonomy
  • Data Standards
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4
Q

Data Risk Monitoring & Reporting Types

A
  • Risk Appetite
  • Issue monitoring and reporting
  • Reporting to Sr. Exec., Board, Regulators
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5
Q

Data Risk Taxonomy Dimensions

A
  • D.R. Awareness
  • D.R. Oversight
  • D. Usage Risk
  • D. Management Risk
  • D. Security Risk
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6
Q

D.R. Taxonomy Dimension for incorrect data risk monitoring or governance

A

D.R. Oversight

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7
Q

D.R. Management Framework: year created

A

Nov. 2021

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8
Q

D.R. Management Policy: year created

A

May 2022

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9
Q

RDARR stands for

A

Risk Data Aggregation and Risk Reporting (program)

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10
Q

DAIR stands for

A

Data & AI Risk (team)

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11
Q

DAIR mandates

A
  • Independant 2nd LOD
  • D.R. Reviews to 1st LOD
  • Oversees the RDARR Program
  • Risks associated with AI
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12
Q

Differences DRM Framework vs DRM Policy

A

Foundational principles VS guiding principles

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13
Q

CID&A stands for

A

Customer Insights, Data & Analytics

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14
Q

CID&A mandate

A

Brings together data and analytics at an enterprise level

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15
Q

CID&A: D.R. LOD level

A

1b

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16
Q

Data Steward

A

Point of contact between business and Technology

17
Q

Key Data Governance Roles

A

D. Exec. Sponsor, Exec. IT Custodian, D. Steward, D. System Custodian, D. Op. Lead, Business Proc. Owner, Delivery Mgr.

18
Q

Data Exec. Sponsor

A

Accountable for data management. Appoints the D. Steward. SVP level

19
Q

Data Op. Lead

A

Performs day-to-day data management activities (Sr. Mgr)

20
Q

Data System Custodian

A

IT role similar to D. Steward (Director)

21
Q

Executive IT Custodian

A

IT role similar to D. Exec. Sponsor (VP level)

22
Q

D.R.Management Remediation Plan will start

A

end of FY2023

23
Q

Approval authority for D.R.M. Framework and Policy

A

Data, Cyber, and IT Risk Committee (DCIRC). Operat. Risk Committee (only for the policy)