Senior Management Arrangements Systems and Controls
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25 Minutes -
For managers
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UK
The Senior Management Arrangements, Systems and Controls sourcebook applies to authorised financial services firms and governs how responsibility is allocated so that leaders can monitor and control the business. This 25-minute course helps managers recognise the purpose of SYSC, identify how responsibilities are apportioned and recorded, and understand the systems and controls the rules require.
SYSC is the layer beneath SM&CR, operational resilience and financial crime controls, and weaknesses here surface as failures elsewhere. Managers frequently work within the arrangements without ever seeing the framework that produced them. Training them on the structure itself makes responsibility allocation more deliberate, which is exactly what supervisors examine when something has gone wrong.
What you’ll learn in
this course
- Recognise the purpose of Senior Management Arrangements, Systems and Controls
- Identify how responsibilities are apportioned and recorded
- Know the necessary systems and controls
- Recognise the critical areas of systems and controls
- Explain how the Public Interest Disclosure Act protects whistleblowers
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