Best practices in SMCR operating models for Banks
Several banks who have gone through the initial SMCR implementation are now looking to enhance their own existing approach by reflecting on past experiences, sharing insights, learning and optimising. In part because many banks now find themselves with a tactically implemented operating model that can’t scale or incorporate other group entities or new entities as they appear.
With cost mounting, manual effort escalating and pressure to optimise regime management, there is increasing pressure to move to a more strategic operating model to support BAU activities. Perhaps utilising technology where possible to bring efficiencies and cost reduction. All this is combined with a clear need to understand and define an organisation wide Reasonable steps framework that is practical and scenario tested.
This FREE breakfast seminar, designed to help banks with their existing SMCR implementations, will discuss and tackle the key issues from a very practical perspective, offering and sharing lessons learned from the others, explaining SMCR operating model best practices, proposing technology requirements and enabling participation in an expert-led Q&A discussion.
Kevin White, KW Consulting Partners Ltd: Kevin has extensive experience in the banking sector and more recently at a large Swiss bank, Kevin was a Senior Manager (SMF 18 & 22), overseeing technology in the UK.
Dan Ridler, Director of consulting, BCS : Over the last 2 years Dan has helped several financial services clients with SMCR organisational readiness, best practice implementation and the establishment of a reasonable steps framework
Speakers will cover SMCR best practices, including:
- Reflections on operating model lessons from banking
- How to design a more strategic SMCR operating model that is scalable
- Technology support for the automation of the regime
- How to establish a reasonable steps framework
- How to test a reasonable steps framework with scenarios
- A panel discussion and Q&A session
Date: 9 March, 2018
Cornhill and Threadneedle Private dining rooms,