SM&CR Virtual Briefing

The Senior Managers & Certification Regime (SM&CR) has been with us for some time now, and as a result expectations are changing. The regulatory focus will be around firms providing assurance around the operational effectiveness of the regime as opposed to achieving initial implementation.

For instance, would you be confident if either the FCA or indeed Internal Audit were to undertake a review on the effectiveness of your approach? The FCA has made it clear that the Senior Manager and Certification Regime should be used as a cultural framework within a firm, helping to create a culture of accountability rather than ‘tickbox’ compliance. If the effectiveness of your regime has not been tested, how have you assured yourself as to whether what you have undertaken is “Fit for Purpose?”

It is evident that many businesses have viewed SM&CR through the “cost to the business” lens, as opposed to the “operational efficiency” lens. Through this event, we will seek to discuss and debate this approach and how the effective use of RegTech can and will bring both efficiency and more effective risk management within organisations when implemented for change as opposed to “because we have to.”

We know from feedback after our past events and broadcasts that firms and individuals gain value and comfort from evaluating their firm’s continuing approach to SM&CR through group discussion and debate with peers. So, join the Worksmart team, and special guest, Marian Bloodworth, employment partner in the FS Employment Team at Deloitte Legal, for another lively discussion and update on the key issues and considerations on this topic, together with a demonstration of how the Worksmart Accord solution can help you and your organisation manage all of the component parts of the new Regime.

Meeting agenda:

•     Welcome and introductions
•     A regulatory update – the very latest on SM&CR
•     SM&CR in BAU – embedding and future proofing
•     A discussion on the current climate from a HR Regulation