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SMCR for Support Functions

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

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