Senior Managers and Certification Regime (SMCR)
Trusted by FCA regulated firms, TriLine GRC's SMCR module helps to protect firms and their Senior Managers against non-compliance, personal fines and/or damage to reputation.
Improve operational efficiency and reduce cost
Take full control of annual certification and Fit & Proper assessments
Benefit from transparency of roles, responsibilities, and accountability
Centralize all aspects of SMCR for 'one version of the truth'
Meet the ever-changing compliance and regulatory landscape
Meet SMCR compliance requirements
Since the implementation of the Senior Managers & Certification Regime (SMCR), firms have been challenged with finding a solution for demonstrating compliance and good governance to the FCA with regards to not only their business practices and controls, but also to the individuals in Senior Manager roles who are responsible for ensuring that the appropriate governance is in place.
TriLine GRC has extended its solution to include a SMCR module that seamlessly integrates with existing functionality to provide a comprehensive and unrivalled experience.
Introducing the SMCR module
Our dedicated SMCR solution can accommodate all aspects of the Senior Managers & Certification Regime, including Accountability and Committee Maps, Statements of Responsibilities, Certified Persons, and Fit & Proper Registers. The SMCR module provides Accountability and Committee Maps which present a complete view of Senior Management structures, the individuals who hold the positions within the structure, and the roles and responsibilities of those individuals, to provide clear evidence of good governance throughout your firm.
Certified Persons Register
The Certified Persons Register combines seamlessly with Fit & Proper assessments to provide a clear and concise overview of certification within your firm. Notifications are automatically generated to provide assurance that a certification renewal is not missed.
Easily assign functions and responsibilities to roles within your firm. Generate live accountability and committee structures in one click. Get a complete log of all changes and alerts from linked tasks.
For those not in scope, given recent events and the potential future focus of regulators, core firms under SMCR may benefit from familiarising themselves with the forthcoming regime.
Prove reasonable steps
The SMCR places a duty of responsibility on Senior Managers as individuals to take 'reasonable steps' to comply with FCA regulation and prevent any breaches, and for those individuals who delegate tasks to other employees and departments to ensure compliance with regulatory requirements. TriLine GRC's fully integrated GRC and SMCR functionality enables Senior Managers to easily and effectively demonstrate the reasonable steps taken to ensure tasks are delegated to the appropriate qualified person who can deal with that task responsibly.
TriLine GRC for SMCR compliance
By seamlessly integrating with our wider solution, TriLine GRC provides full support for the SMCR process, as well as your firm's compliance and risk management framework.
Reasonable steps dashboard
High level evidence of responsibility, performance and action taken under a SMF
Accountability and Committee Maps
Automatically build Accountability and Committee Maps for each entity within your firm, based on your reporting structure
Deploy Conduct Rules
Ensure any breaches can be easily identified and reported to the FCA with evidence
Statement of Responsibilities (SoR)
Reduce admin and automatically create SoRs from the functions and responsibilities linked to a person
SoR Attestations
Create ad-hoc or scheduled 'Accountability Attestations' to automatically notify the Accountable Person and ask them to attest to their SoR being correct
Management Responsibilities Map (MRM)
Bring data together to provide a pro forma MRM, reducing the effort needed to collate, edit and format data