Regulatory Requirement From BOC/OSFI
Regulatory mandate from OSFI under Bank of Canada oversight. Ideas in Seeds assessed regulatory impact, designed the target operating model, prototyped data and systems, and led execution through first regulatory submission with ongoing governance.
PHASE 1: ASSESSMENT OF REGULATORY REQUIREMENT FROM OSFI/BOC
Assessment of the requirement and how it aligns with the organization
Regulatory mandate analysis
Internal data landscape assessment
Internal stakeholder and system mapping
Further research across other FI's
PHASE 2: STRATEGIC DEVELOPMENT
Detailed discussion of target state potential design
Data Governance Structure and Controls
Vendor Engagement
Internal Operating Model
Risk and Mitigation Plan
PHASE 3: PROTOTYPING
Systems Identification
Data aggregation on Pilot
Mock report generation
System Impact Analysis
PHASE 4: DEVELOP EMPATHY MAP
Risk Analysis Empathy Map
IT Developer Empathy Map
Playbook Documentation
Data to report journey map
Internal Approval Journey Map
PHASE 5: EXECUTION AND MONITORING
Data and Technology Implementation
SIT, UAT, and PROD process
First Regulatory Cycle
Submission to OSFI/BOC
Continuous monitoring and Governance
PHASE 6: PROJECT CLOSURE
SIT, UAT, and PROD process
First Regulatory Cycle
Submission to OSFI/BOC
Continuous monitoring and Governance
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