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U.S. S

– M

(MAP)

ECURITIES AND

XCHANGE

OMMISSION

ISSION

DVANCEMENT

ROGRAM

SEC O

EPORT ON THE

MPLEMENTATION OF

RGANIZATIONAL

EFORM

ECOMMENDATIONS

FSSP in Spring 2012. The objective of the workstream is to assess the entire OFM organization

with a focus on the impact to its functions, processes and workforce as a result of the FSSP

transition. The assessment will provide recommendations for a streamlined and optimal operating

model that effectively facilitates OFM mission needs, while enhancing internal controls,

transparency and organizational performance.

The assessment is on-going, but will eventually provide a detailed summary of OFM organizational

structure, workforce, talent management, governance and key business processes, resulting in the

development of recommendations for improved operations.

Progress to Date: To align OFM’s mission requirements and future needs, the workstream initiated

a comprehensive review of the current OFM functions, key processes, resources (e.g., workforce, IT

systems) and capabilities. As part of the baseline review, the OFM organizational assessment

workstream is coordinating closely with the FSSP transition project team to identify functions that

are transitioning to the shared service provider and new ones that will need to be created. This data,

along with inputs collected from OFM management interviews and organizational best practices,

will inform the initial design requirements for a new OFM operating model design. The workstream

is developing a workforce analysis and skills assessment framework to analyze workforce / skills

requirements and gaps. The overall assessment is expected to be completed in Fall 2011, with a

phased implementation commencing immediately to allow OFM to meet the FSSP transition

schedule.

Workstream 2A – 3 – Office of the Chief Data Officer Organizational Stand-Up

This workstream will institute the role and function of the Chief Data Officer (CDO) at the SEC.

The CDO function is being created to drive better understanding, management, sharing and

optimization of the SEC's data, a critical enterprise asset. The CDO has two primary focus areas: to

establish and implement data management policies, processes, standards and governance; and to

envision, develop and lead the transition to the SEC's future target data architecture, to realize

improved integration, access to, and availability of enterprise data. The CDO will be responsible for

integrating strategic goals for enterprise data across the lines of business and the OIT, leading and

facilitating collaborative joint initiatives. As part of its creation, the CDO will establish a data

management program with appropriate governance structures; develop policies, processes,

standards and structures to support effective management of data at all levels of the SEC; and drive

AGE

Report On The Implementation Of Sec Organizational Reform Recommendations - U.s. Securities And Exchange Comission - 2011 Page 15

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