GOVERNANCE, RISK AND COMPLIANCE (GRC)

Senior Managers and Certification Regime (SMCR) Software

Corporater’s holistic and tailorable SM&CR platform provides out-of-the box functionality to cover all components of the Senior Managers Regime, Certification Regime and Conduct Rules, and flexibility to handle and adapt to unforeseen complexities and exceptions that frequently appear during the implementation and management of SM&CR requirements.

The solution provides:

  1. Comprehensive allocation and management of Senior Management Functions (SMFs) and related Prescribed Responsibilities, including approval workflows and delegations, and production of individual Statements of Responsibility (SoR) and organisational Management Responsibilities Maps (MRM)
  2. End-to-end management of the annual Certification process and Fit & Proper assessment
  3. Identification, investigation, recording and reporting of Conduct Rule Breaches
  4. Evidencing Reasonable Steps associated with risks related to specific Prescribed Responsibilities, assigning mitigating actions and tracking their progress

Corporater Senior Managers and Certification Regime (SMCR) Software

  • Map and actively manage the status of regulatory responsibilities for senior managers
  • Manage SMCR 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
  • 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

  • SENIOR MANAGERS REGIME
    • Senior Manager Functions (SMFs) and Prescribed Responsibilities (PRs) assignments
    • Workflow for Senior Managers (SMs) to accept SMFs and PRs
    • SMs to add personal notes to each responsibility to further clarify their role
    • Delegation's of responsibilities with an acceptance workflow
    • Automatic Statements of Responsibilities (SoRs) populated with current system data
    • Individual SM profile page
  • REASONABLE STEPS
    • Identify risks associated with specific Prescribed Responsibilities
    • Design actions to mitigate identified risks, assign actions and monitor their progress
    • Store supporting artefacts to evidence Reasonable Steps taken around key decisions
  • HANDOVER
    • Bespoke workflow to track the proper handover of all components (incl. job description, responsibilities, out-standing issues, etc.)
    • Track mandatory handover meetings, incl. participants, agenda items, meeting minutes and action items
    • Store all relevant handover materials in one place
    • Individual SM Handover pages for both the out-going and the in-coming SM
  • CERTIFICATION REGIME
    • Identify and flag the Certification population
    • Identify Material Risk Takers (MRTs) and their function areas
    • Track individuals’ Fitness and Propriety
    • Utilise the OOTB workflow to manage the end-to-end Certification process, or customise it to mirror the organisation’s current BAU process
    • Automate initiation of annual re-certifications
    • Produce actual Certificates
    • Individual profile page for all certified people
  • CONDUCT RULES
    • Track and monitor Conduct Rule training
    • Record, investigate and report on Conduct Rule Breaches
    • Bespoke workflow to obtain sign-offs and/or approvals for identified breaches
  • ADMINSTRATIVE FUNCTIONS
    • Manage SM&CR for all in-scope Legal Entities of the organisation
    • Track regulatory approvals for in-scope individuals
    • Assign default Prescribed Responsibilities for each SMF for ease of mapping maintenance
    • Import relevant data from multiple sources either by system integration or by manual data uploads
    • Monitor and report on status of Senior Managers’ acceptance of allocated functions and responsibilities
    • Monitor and report on progress and status of Certification process
    • Manage Committee information for comprehensive MRMs
    • Produce dynamic org charts
    • Automatically produce Management Responsibilities Maps (MRMs) populated with current system data
    • Alert on pending/over-due actions
    • Attach and store documents and other supporting artefacts to evidence compliance with the regime

SMCR Technology Consultation


If you would like to learn more about the Corporater SMCR Solution, we invite you to a solution consultation.

Please complete the form below, if you would like us to contact you about our SMCR solution:

SMCR Solution

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COMPONENTS and EXAMPLE SCENARIOS

  • A dashboard for each in-scope Legal Entity displaying the status of SMR, CR and Conduct Rules for the entity

COMPONENTS and EXAMPLE SCENARIOS

  • Import data on Individuals either by system integration or by manual data uploads

COMPONENTS and EXAMPLE SCENARIOS

  • Produce dynamic org charts with roles and responsibilities

COMPONENTS and EXAMPLE SCENARIOS

  • Produce Management Responsibilities Map with current system data

COMPONENTS and EXAMPLE SCENARIOS

  • Alert on pending or over-due actions and initiatives

COMPONENTS and EXAMPLE SCENARIOS

  • Individual Senior Manager’s profile page
  • Current functions and responsibilities
  • Delegations
  • Pending and rejected functions and responsibilities

COMPONENTS and EXAMPLE SCENARIOS

  • Current and historical versions of Senior Manager’s Statements of Responsibilities

COMPONENTS and EXAMPLE SCENARIOS

  • Details of an SMF
  • Current assignment of the SMF
  • Default responsibilities associated with the SMF
  • Risks identified with the responsibilities

COMPONENTS and EXAMPLE SCENARIOS

  • Details of a prescribed responsibility
  • Risks identified with the responsibility
  • Mitigating actions
  • Initiatives timeline

COMPONENTS and EXAMPLE SCENARIOS

  • Details of a mitigating initiative
  • Initiatives timeline
  • Key activities and milestones

COMPONENTS and EXAMPLE SCENARIOS

  • Identify Certification population
  • Flag Material Risk Takers (MRTs) and their function areas

COMPONENTS and EXAMPLE SCENARIOS

  • Track Individuals’ Fitness and Propriety

COMPONENTS and EXAMPLE SCENARIOS

  • Monitor Individuals’ training and performance

COMPONENTS and EXAMPLE SCENARIOS

  • Manage and monitor the whole Certification process

COMPONENTS and EXAMPLE SCENARIOS

  • Line manager dashboard for Certification approvals

COMPONENTS and EXAMPLE SCENARIOS

  • Mass-produce Certificates for approved people

COMPONENTS and EXAMPLE SCENARIOS

  • Individual profile page for each Certified person

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