How we can help you
Statements of Responsibilities
Management Responsibilities map
Management Responsibilities map
Every Senior Manager needs to have a Statement of Responsibility which explains their role and responsibilities. They also need to evidence that they are taking reasonable steps to discharge their responsibilities.
We can create, review and/or test these statements to ensure that they are effective. We can also help you to evidence how you are fulfilling your responsibilities. Please also see our blog.
Management Responsibilities map
Management Responsibilities map
Management Responsibilities map
A management responsibilities map (MRM) explains how your firm is run and who makes the key decisions. The MRM enables the FCA to identify who they need to contact in relation to a specific issue.
We can create a MRM for you and/or test it to ensure that it is fit for purpose.
Certified Roles
Management Responsibilities map
Fitness and Propriety Assessments
A Certified Individual is an employee who has been certified as "fit and proper" to perform their role. This requirement applies to roles which could potentially harm customers or the financial services industry.
We can help you to identify which roles in your business fall within the certification regime and the actions you need to take to assess their suitability.
Fitness and Propriety Assessments
Fitness and Propriety Assessments
Fitness and Propriety Assessments
The FCA requires firms to ensure that their staff are and remain fit and proper throughout their employment. This means assessing factors such as an employee's honesty, competency, capability, financial soundness etc on a periodic basis.
We can design a proportionate fitness and propriety framework for you which will detail what checks you need to do and when.
Approved Persons coaching
Fitness and Propriety Assessments
Approved Persons coaching
An Approved Person is directly authorised by the FCA or the PRA. They are accountable to the regulators for the acts and omissions of the business area they are responsible for. In some cases, an Approved person may also have specific prescribed responsibilities which are set by the regulator.
We can provide specific Approved Persons training which brings the regulatory responsibilities to life.
Conduct Rules Training
Fitness and Propriety Assessments
Approved Persons coaching
The FCA has set conduct rules (standards of behaviour) which apply to all employees. Approved Persons have an additional sets of conduct rules which they also need to abide by, The FCA expects firms to provide conduct rules training to its employees.
We can provide you with a tailored training package which is proportionate and relevant to your business and includes real life breach scenarios to bring the conduct rules to life.