Senior Managers & Certification Regime

Senior managers are now firmly in the UK regulators’ sights and a firm’s ability to demonstrate that it has a robust corporate governance framework together with the supporting systems and controls including evidence of steps taken is now of critical importance to all regulated firms.

CCL can provide a comprehensive solution to the issues faced from the SM&CR not only in terms of consultancy but also in terms of the systems and controls required to satisfy the demands of Compliance and HR departments.

CCL is able to assist you in a number of different ways:

Board Level

  • Corporate Structuring and Systems & Controls
  • Board Competency Reviews and Coaching
  • Regulatory Expectations of the Governing Body and Senior Management

Assessment and Remediation

Consultancy

  • Gap analysis – where you are now to where your peers are
  • Project control
  • Documentation review and completion
  • Responsibilities map preparation
  • Drafting individual statements of responsibility
  • Putting in place procedures to support the SM&CR
  • Advising on the FCA submissions
  • Advising on Compliance and HR responsibilities

Compliance Platform

  • Dashboards for senior managers to monitor and provide evidence of their compliance
  • Version controlled libraries capturing your SM&CR framework, including your policies and procedures, and any changes to it
  • Real time alerts and dashboards highlighting breaches or gaps in your SM&CR framework
  • Records of all senior manager and certified persons, both current and historic, together with their statement of responsibilities at any point in time
  • Electronic Attestations that can be issued to your senior managers and certified persons providing them with a real time view of their responsibilities and asking them to acknowledge their acceptance
  • Procedures to handle changes of senior managers or certified personnel

 

Contact us

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