The SMCR Requirements Matrix for Enhanced Firms helps your firm simplify SMCR compliance by enabling you to quickly find and assign the right Senior Manager Functions and Prescribed Responsibilities that your bank is required to allocate. Many firms assign Senior Manager roles based only on job titles seen in FCA and PRA documents. You might believe a Chief Risk Officer must always get the SMF4 title. In truth, this is not necessary for every firm. Making extra appointments increases liability for your people.
What is the SMCR Requirements Matrix for Enhanced Firms?
Our SMCR Requirements Matrix for Enhanced Firms offers a simple way to check which Senior Manager Functions, Prescribed Responsibilities, and Certification Functions your firm needs. You will not waste time with unneeded tasks.
How does it work?
The Matrix brings together all current FCA and PRA Senior Manager Functions and Prescribed Responsibilities. Easy-to-use filters in Excel enable you to very quickly filter out what does not apply to your bank thereby enabling you to quickly see only which Functions and Responsibilities your bank must allocate.
Key Benefits
- Save time: Find only the Senior Manager Functions and Prescribed Responsibilities you must appoint.
- Cut risk: Stop extra appointments and lower personal liability.
- Easy download: Buy and get the matrix right away.
Who is this for?
This product is for HR teams, compliance officers, risk managers, and anyone with responsibility for SMCR at an enhanced firm. Even if it’s your first time with SMCR, the clear language and simple guidance make it easy to follow.
How to use the SMCR Requirements Matrix for Enhanced Firms
- Download your product.
- Choose your firm type.
- Use the filters to identify essential roles and responsibilities.
- Follow the clear steps to complete your allocation.
Confidently apply SMCR rules to your firm. Quickly find required Senior Manager Functions and Prescribed Responsibilities with our easy-to-use matrix.
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