SM&CR - the Role of HR

Course Outline & Objectives

This focused workshop is specifically designed to help HR specialists contribute effectively to the implementation and ongoing operation of the SM&CR in their firms. The programme addresses the regulatory requirements that need to be met and provides an opportunity to update and refresh understanding of the regulators’ expectations. It also provides guidance on the practical steps HR can take to make SM&CR a success within their organisations. 

This course is designed for delegates from both PRA regulated firms, who are already subject to the SMR and Certification or SIMR requirements, and firms regulated solely by the FCA, who will face similar obligations shortly.

Attending will help you:

• Keep up to date with the latest regulatory developments and priorities and the implications for HR
• Implement appropriate arrangements to meet the requirements of the Senior Managers Regime, Certification and the learning and development associated with the Conduct Rules
• Examine the impact of the SM&CR requirements on key areas of the regime such as Fitness & Propriety, Ongoing Competence, Performance Management and Discipline
• Understand what the regulators expect of Senior Management Function holders and the HR processes and interventions needed to support them
• Establish key HR risks, controls and indicators in respect of regulatory requirements
• Understand how the SM&CR fits into the bigger picture of effective governance, individual accountability and the development of the corporate culture

Who should attend?

Anyone responsible for key HR activities within a financial services organisation, including: Talent Management, Employee Benefits, Recruitment, Training, L&D, Organisational Development, Administration and Record Keeping.  The course is also valuable for individuals in Risk, Compliance and Audit with responsibilities for monitoring HR activities.

Training Approach

This course will combine lecture style presentations with practical examples and exercises. Delegate numbers will be limited to ensure a high quality learning environment.

Course Agenda

Topics covered may include but are not limited to:

• The regulators and the rules governing people
• The challenge of individual accountability
• Application of the Senior Managers and Certification Regime
• Elements of the Senior Managers and Certification Regime
• Ownership of and responsibility for the regime
• What we (should) have in place already
• Practical aspects of implementing the regime by HR
• More challenging situations
• Transitional considerations
• Reporting and record keeping
• SM&CR and the broader HR agenda