Fourth Report On The Implementation Of Sec Organizational Reform Recommendations - U.s. Securities And Exchange Commission - 2013 Page 31
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SEC O
R
R
OURTH
EPORT ON THE
MPLEMENTATION OF
RGANIZATIONAL
EFORM
ECOMMENDATIONS
The SEC also created the OCDO to better gather, distribute, and utilize the SEC’s diverse
information on markets and institutions and improve its overall enterprise data management
capability. Overall, the support functions of the SEC under the COO are operating in a more
cost efficient manner and with improved customer service as a result of the recommendations
implemented by the MAP program.
In addition to examining support operations, the SEC also took a critical look at its regional
operations and regulatory activities, which led to improved collaboration between the regions
and headquarters. Following the 2010-2011 reorganizations of the Division of Enforcement and
OCIE, the SEC created the ROA working group to evaluate the effectiveness of the
organizational design, support operations, and regional model.
The ROA working group
consisted of four subcommittees that resulted in: (1) further enhancements to the Enforcement
program by establishing an internal Advisory Committee focused on continuous improvements;
(2) increased efficiency and effectiveness of OCIE’s Exam Program based on an improved
approach to resource allocation and clarification of roles and responsibilities between the Home
Office and the regions; (3) a regional growth strategy focused on strategically placing staff for
the SEC using the current regional office footprint; and (4) an improved model for providing
operational support in the regions.
The agency also continues to evaluate and analyze its mission critical activities. Additionally,
the SEC identified a set of eight activities that could be stopped, delegated, scaled back or
expanded and is continuing to conduct impact assessments for each activity. Given the sensitive
nature of this effort, the working group leading this workstream has been careful and deliberate
with any decisions. The agency has continued to evaluate these activities in its preparation to
provide recommendations to the Chairman.
Improve Controls & Efficiency
The SEC created the CIP to provide a structure to identify, evaluate, and launch initiatives
designed to enhance the agency’s efficiency. In FY12, the CIP tracked and catalogued a total of
$18.2 million in realized savings or cost avoidance. Over the last two years, the CIP working
group has focused on institutionalizing the CIP capability across the agency, working
collaboratively with the Divisions and Offices. It is also coordinating with the OIT and its
P
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