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The Lead for the Senior Manager and Certification Regime (SMCR) Team is responsible for ensuring that both the team and the wider business comply fully with the Financial Conduct Authority’s (FCA) SMCR requirements. The postholder will provide expert guidance, oversight, and leadership to support robust governance and adherence to regulatory standards, fostering a culture of accountability and compliance across the organisation.
Job Responsibility:
Lead and manage the SMCR Team, setting clear objectives and priorities aligned with FCA requirements and company strategy
Act as the primary subject matter expert for SMCR, providing advice and support to senior management, business units, and other stakeholders
Develop, implement, and maintain policies, procedures, and controls to ensure ongoing compliance with the FCA’s SMCR
Oversee the annual certification process, including fit and proper assessments, regulatory references, and training obligations
Monitor regulatory developments and ensure timely communication and implementation of changes to SMCR requirements
Coordinate with HR and Compliance to maintain accurate records of Senior Managers and Certified Persons, including Statements of Responsibilities and Management Responsibility Maps
Manage the third‑party SMCR system provider, ensuring strong oversight, continuous improvements, and ongoing assessment of system performance and risks
Lead the investigation and resolution of any compliance breaches or issues relating to SMCR
Prepare and present regular reports to senior management and the Board on SMCR compliance status, risks, and recommendations
Deliver or support training and awareness programmes on SMCR for relevant staff
Promote a strong culture of accountability, transparency, and ethical conduct in line with FCA expectations
Requirements:
In-depth knowledge of the FCA’s Senior Managers and Certification Regime and related regulatory frameworks
Experience in compliance, risk management, or regulatory roles within financial services
Proven ability to interpret, implement, and communicate complex regulatory requirements
Strong leadership and team management skills, with the ability to motivate and develop staff
Nice to have:
Degree or professional qualification in law, finance, business, or a related field (desirable)
Relevant compliance or regulatory certifications (e.g., ICA, CISI) are advantageous
What we offer:
Everyone receives 33 days holiday (including bank holidays) when they join us, increasing the longer you stay with us, up to a maximum of 38 days (including bank holidays)
You also have the option to buy or sell up to an additional five days of annual leave
All colleagues eligible for up to £3,600 of free shares each year after one year of service