SMF16 Best Practice Areas - Compliance Oversight Function

Introduction

This short webinar is designed to support those currently working as Senior Managers Function 16 (SMF16) Compliance Officers and those aspiring to the role. Rather than focus on the pure FCA expectations, which are covered in excellent detail elsewhere, this webinar focuses on the key skills necessary to be successful in the role.

Actively building a robust compliance culture requires more than just an understanding of the rules.

What You Will Learn

This short webinar will cover the following:

• The Accountable SMF16: Demonstrating Reasonable Steps and Understanding Your SMF16 Mandate:
• Bringing Statements of Responsibilities (SoRs) and Reasonable Steps into day-to-day engagement
• Best Practice: Helping SMFs feel comfortable with their evidence
• Embedding Effective Compliance, Managing Risk and Practical Compliance Framework Design:
• 6 Principles behind useful compliance policies
• Monitoring and validating control effectiveness, without turning into the police
• Culture, Conduct & Regulatory Engagement. Fostering a Proactive Compliance Culture:
• Control Oversight and Challenge
• Resource Advocacy and Independence
• Reporting and Escalation
• Culture and Training