GOVERNANCE, RISK AND COMPLIANCE (GRC)

Senior Managers and Certification Regime (SMCR)

The Senior Managers and Certification Regime (SMCR) presents significant complexity, an on-going burden of administration and a noticeable shift around cultural and behavioral expectations across the whole organization, right down to its individual employees.

Such a fundamental change across a wide scale, requires a technology solution that can offer active management of senior manager responsibilities with certification vetting and monitoring, combined with monitoring comprehensive conduct compliance. A fit and proper solution needs to provide absolute transparency and enable the efficient allocation of relevant actions and mitigations, as things change in real time. Dynamic coverage must be provided across all certification, as employees on-board, exit and change roles.

After consultation with the FCA (Financial Conduct Authority), Corporater has incorporated this challenging set of regulations into our flexible technology platform. Corporater's SMCR solution enables an organization to take immediate control through active management of responsibilities, with the flexibility to be configured by your organization and rapidly adapted as things change or exceptions appear.

Corporater Senior Managers and Certification Regime (SMCR)

Key Areas Supported

  • Map and actively manage the status of regulatory responsibilities for senior managers
  • Manage SMR risks by creating and monitoring the mitigation plans
  • Monitor appropriate actions and tasks via business rules and workflow
  • Manage the acceptance of roles and responsibilities
  • Check status of roles, responsibilities and functional allocations
  • Automatically create required regulatory forms and reports, populated with current system data
  • Identify and monitor Material Risk Takers
  • Map and manage the status of certification and conduct
  • Manage the fit and proper process
  • Create CPD plans
  • Provide training and competence testing
  • Support recruitment processes
  • Record, report, and investigate possible breaches
  • Replicate an organization's exact hierarchical structure to align SMCR tracking
  • Import data from multiple sources and operational systems
  • Incorporate related SMCR documents, links and information

Key Features

  • Business framework support
  • Advanced traffic light settings
  • Meeting support
  • Assessments
  • Approval
  • Collaboration
  • Analytics
  • Reporting
  • Automatic data collection
  • Manual data collection
  • Workflow for process support
  • Access control
  • No coding - only configuration
  • Agile, flexible configuration environment operated by business users

Free SMCR Technology Consultation

If you would like to learn more about the Corporater SMCR solution, we invite you to a free technology consultation. During this discussion, we will work with you to understand how technology could help your organization and what benefits could be realized.

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SMCR Solution

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COMPONENTS & EXAMPLE SCENARIOS

  • Provide commentary to advise users of changes to regime.
  • Provide high-level MI on function and responsibility metrics.

COMPONENTS & EXAMPLE SCENARIOS

  • Individual senior manager pages
  • Accepted SMFs
  • Accepted responsibilities
  • SMF removal requests
  • Rejected/Removed SMFs

COMPONENTS & EXAMPLE SCENARIOS

  • Upload HR extract and import employee details.  (Note this can be an automated and direct interface to HR system)
  • Import Employee details and filter out any non-SM or Certified personnel
  • Filter Senior Managers to verify key details

COMPONENTS & EXAMPLE SCENARIOS

  • Define senior management functions
  • Define prescribed responsibilities

COMPONENTS & EXAMPLE SCENARIOS

  • Define other responsibilities
  • Define culture and conduct rules
  • Manager removal requests from senior managers

COMPONENTS & EXAMPLE SCENARIOS

  • Assign senior managers to SMFs
  • Track progress of assignment, acceptance, and FCA approval.

COMPONENTS & EXAMPLE SCENARIOS

  • Assign default prescribed responsibilities to SMFs.
  • Build business rules to determine responsibility status.

COMPONENTS & EXAMPLE SCENARIOS

  • Present overview of SMF assignments and progress
  • Present overview of responsibility assignments, progress and status.

COMPONENTS & EXAMPLE SCENARIOS

  • Dynamic Management Responsibilities Map with allocation of Functions and Responsibilities.

COMPONENTS & EXAMPLE SCENARIOS

  • Alerts based on business rules, with the ability to assign to individuals and track progress

COMPONENTS & EXAMPLE SCENARIOS

  • Individual function pages
  • Function assignments and status
  • Default prescribed responsibilities assigned to SMF
  • Prescribed Responsibilities assigned to Senior Managers
  • Initiatives for all Responsibilities within Function
  • Risk assessment of all Prescribed Responsibilities within SMF

COMPONENTS & EXAMPLE SCENARIOS

  • Individual responsibility pages
  • Risk identified for specific responsibility
  • Responsibility Initiatives identified to mitigate risk

COMPONENTS & EXAMPLE SCENARIOS

  • Responsibility initiative overview

COMPONENTS & EXAMPLE SCENARIOS

  • Initiative risk profile

COMPONENTS & EXAMPLE SCENARIOS

  • Statement of responsibilities

COMPONENTS & EXAMPLE SCENARIOS

  • Other responsibilities

COMPONENTS & EXAMPLE SCENARIOS

  • The ability to monitor Individual Performance and undertake performance reviews

Testimonials

“As specialist consultants in The Senior Manager & Certification Regime, we believe Corporater has two key and necessary differentiators which help to address commonly experienced operational challenges when applying the regime: 1) the ability to ‘pull in’ and consolidate data from multiple systems across HR and Compliance, and; 2) a combination of business rules and the lack of a pre-defined data model, which enables the business to quickly adapt their solution to changes in staffing, organisational structure and regulation.”

Dan Ridler

BCS Consulting

“Corporater helps Compliance become an effective business partner, rather than an internal policeman. Their solution provides an essential combination of bespoke dashboards to monitor your responsibilities and the ability to capture the actions you take.”

Nick Jepson

Compliance expert, Mudbrick Limited

Get in touch with us for more information