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Jonathan Max

Extension of SMCR to Asset Management

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Jonathan Max

With the planned extension of the Senior Managers and Certification Regime (SMCR) to Asset Management; I would be interested to understand what challenges and concerns are out there when considering the requirements throughout the HR lifecycle:

 

Tracking new joiners - ensuring people do not start in a certified role without being identified as such

Changing roles - promotion or internal mobility into certified roles; i.e. change of responsibility which takes people over the certified threshold

Onboarding certification process - to meet fitness, proprietary and competence evidencing 

Annual Certification process - introducing the tracking and recording of multiple certification requirements

Record keeping and reporting - recording each stage of the process and facilitating the issuance of regulatory references

 

Appreciate its a complex and broad topic but would be keen for initial thoughts

 

 

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