ADVANCED

Senior Management Obligations and Effective Corporate Governance

Course Background:

According to the FSA (Former UK regulator – FCA from 1st April 2013) “The effectiveness of governance in a firm is demonstrated by evidence of its practical operation as well as the design of governance structure and processes: the level of a Board’s interest in and engagement with the business it governs; its strength and understanding and challenge of the risks and issues in play at any time; the visibility and accessibility of its members; the clear evidence of active oversight through the regular scrutiny and challenge of management information and reporting.  These are all contributing factors of effective governance”.

The FCA also stresses the need for firms to establish robust controls to monitor and mitigate risk and to ensure they are appointing the ‘right people to the right roles’.

Course Overview:

This course will provide you with a high level of awareness and understanding of the principal FCA requirements for governing bodies and senior managers of wholesale financial services firms.

Course Objectives:

Attendance on this course will enable you to:

  • Identify senior management obligations and how to meet them
  • Understand the responsibilities and expectations of senior management who are Approved Persons
  • Recognise the required levels of fitness and propriety (on entry and on an on-going basis)
  • Appreciate the implications for you individually and collectively on failure to observe

Key Topics:

  • The Regulatory context
  • Fit and Proper Test (FIT)
  • Approved Persons regime (APER)
  • Principles for Business (PRIN)
  • Senior Management Arrangements, Systems and Controls (SYSC)

Course aimed for: Board members and Senior Managers in Significant Influence Functions (SIF’s) in wholesale financial services firms

Duration: 2 hours

Location: Cordium UK offices

Open Course Price: £400 + VAT per delegate

Maximum numbers: 15

If you would like to discuss your training requirements in more detail, please contact Philip Naughton on 0207 408 2448 or your usual Cordium consultant.