Skills Gap Analysis

Make FCA applications for new Senior Manager Function holders smooth and compliant with our ready-to-use Skills Gap Analysis template. This digital resource helps you benchmark a candidate’s skills precisely against the role profile, identify any gaps, and set up a robust Learning and Development plan—all in line with Senior Manager Regime and FCA “competent employee” rules.

What is a Skills Gap Analysis?

When applying to the FCA, you must demonstrate a careful, ongoing assessment of a candidate’s skills versus the requirements of their Senior Manager role. The Skills Gap Analysis records those findings transparently. After appointment, you use the results to guide training, development, and annual review, ensuring ongoing compliance.

Why Choose Our Skills Gap Analysis Template?

• Structured template with all assessment criteria, columns, and layout pre-set for you
• Designed for FCA expectations by experts with direct experience in the regime
• Includes a completed worked example to show exactly how to fill it in
• Provides a clean cover sheet to anonymise candidate data for internal sharing
• Drop-down menus built in for all Senior Manager Functions, Prescribed Responsibilities, and ratings—saving you time and reducing errors
• Step-by-step instructions make the process simple even if you’re new to FCA supervision
• Editable for your firm’s own roles and future use across multiple functions

What’s Included in Your Download?

• The full Skills Gap Analysis template (Microsoft Excel)
• Assessment questions with space for evidence and conclusions
• Editable rating scale and dropdown fields for functions and responsibilities
• A complete listing of Senior Manager Functions and Prescribed Responsibilities
• Separate template cover sheet for data protection and ease of sharing
• Detailed user guide and step-by-step help on customising fields and using drop-downs

Internal & Outbound Links

You may also be interested in our Reasonable Steps Complete Set of Templates, which pairs perfectly with this Skills Gap Analysis to support your SMF during their tenure.

For more information and news on the Senior Managers and Certification Regime, take a look at our resources.