About the Course
Our course explains the purpose of the SMCR and what the regulator wants to achieve. We will highlight key lessons learned from enforcement action related to SMCR and clarify the role of the three lines of defense in SMCR compliance. Providing you with guidance on what the regulator expects from support functions and sharing top tips for scoping a SMCR monitoring review or audit
Duration
Half day (3 hours)
Learning Outcomes
By the end of this training, participants will be able to:
Understand the purpose of the SMCR and its impact on the financial services industry
Identify key lessons learned from enforcement action related to SMCR
Recognize the role of the three lines of defence in SMCR compliance
Apply their knowledge to support the business in complying with SMCR Scope
Plan a SMCR monitoring review or audit
Required Knowledge and Skills
The course is suitable for individuals working in support functions such as risk, compliance, legal, finance, wanting to enhance their knowledge of the Individual Accountability Regime, commonly known as the SMCR