This SMF & Prescribed Responsibilities Matrix helps your Core Firm simplify SMCR compliance by enabling you to quickly find and assign the right Senior Manager Functions and Prescribed Responsibilities that your firm is required to allocate. Many firms assign Senior Manager roles based only on job titles seen in FCA and PRA documents. For example, 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 SMF & Prescribed Responsibilities Matrix for Core Firms?
This matrix 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 firm thereby enabling you to quickly see only which Functions and Responsibilities your firm 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 a Core 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 Matrix
- 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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