Our event brought together banking and insurance firms, which are already in scope and solo-regulated firms, which will come into scope in December 2019.
SMCR best practices and risks
The focus of the event was on the best practices and practical steps that banking and insurance firms are taking to manage SM&CR risks, and that solo-regulated firms need to be aware of as they enter the implementation period. It provided the opportunity to network with experienced practitioners at other firms, and to find out about the new Skillcast compliance portal for managing SMCR training and RegTech registers for managing senior managers, certified persons, responsibilities maps, regulatory references, breaches etc.
SMCR training roadmap
Catriona Razic, CCO at Skillcast, outlined a three-step training plan for creating deep understanding and compliance at all levels to a full house at the iconic Gherkin in the City of London.
Tips & Traps from an FCA enforcement perspective
Sarah Wallace, Partner at Constantine Law provided advice on how to guide your senior team through potential problems with care, specifically focusing on activities around FCA enforcement.
Introducing SMCR 360®
Clare King, Head of Enterprise Solutions at Skillcast, explained how our SMCR 360 application can help you manage your senior manager assignments, responsibilities mapping, certification, regulatory references, breach reporting, policy attestation, compliance training/CPD and gifts and hospitality on a single, integrated platform that leaves no compliance gaps.
Practical Guidance for Implementation and Beyond
Iulita Georgieva, Senior Manager at KPMG, gave a walkthrough of practical implementation planning and discussed what organisations should be focusing on when moving forward.
Want to learn more about SMCR?
To find out more you can visit our SMCR hub and we regularly publish informative articles in our SMCR blogs. And if you're looking for a training solution, why not visit our SMCR course library. Our team is always on hand if you need help or advice.
If you've any further questions or concerns about SM&CR, please get in touch. We are happy to help!
Guest speaker biographies
Iulita Georgieva, Senior Manager - Wealth & Asset Management, KPMG
Iulita helps clients respond to regulatory development and challenges. Her areas of focus include governance and oversight, control frameworks, remediation and strategic change. She works with clients to focus on SMCR, product governance, Brexit, EU legislation and reform.
She was seconded to the FCA to assist in governance arrangements around Senior Manager Functions and is an active member of the SMCR Working Group.
In addition to her work on SMCR, Iulita has assisted a number of asset managers with impact assessment for MiFID II, provides insights to SMEs for impact risk around Brexit and helps clients review their control environments.
Sarah Wallace, Partner, Constantine Law
Sarah is a leading corporate crime and regulatory investigations lawyer with over 20 years' expertise. She is an experienced criminal and fraud litigator well known for financial services regulation and litigation. Head of Regulatory & Criminal Investigations Group at a top 20 major UK law firm.
She represents corporate clients, C-suite, GCs and senior executives in high profile complex investigations, criminal prosecutions, regulatory enforcement and related civil litigation relating to financial crime and contentious financial services.
The Legal 500 2019, describes her as a "well-regarded expert in white-collar crime" and she is sought by and quoted in the FT, Guardian, Daily Telegraph, Evening Standard, New York Times, Bloomberg, Reuters, PA as well as acting as an expert commentator for BBC News.
Want to learn more about SMCR Compliance?
We also have over 100 free compliance training aids, including assessments, best practice guides, checklists, desk aids, eBooks, games, posters, training presentations and even e-learning modules!
Finally, the SkillcastConnect community provides a unique opportunity to network with other compliance professionals in a vendor-free environment, priority access to our free online learning portal and other exclusive benefits.