SENIOR MANAGERS &
CERTIFICATION REGIME (SMCR)

Riskonnect
Automate SMCR

Centralize & automate your SMCR processes with Riskonnect

The deadline for completion of the first set of annual SMCR requirements is on the horizon. Relieve the administration burden by introducing automation into your SMCR processes with Riskonnect’s Compliance solution.

Designed to help save you time in managing the full end-to-end SMCR process and giving you the peace of mind that all related information and documentation is consolidated in one central location – providing a single version of the truth.

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The Problem with Maintaining SMCR

All solo-regulated firms governed by the FCA are now faced with the daunting task of updating SMCR records on at least an annual basis and reporting these to the regulator.

This can be time consuming, costly and prone to human error, especially when the process is being managed using spreadsheets.

There could not be a better time to introduce technology into your processes to enable you to easily capture, update, analyse and report on SMCR on an ongoing basis.

maintaining SMCR
Riskonnect SMCR on tablet

Riskonnect and SMCR

Riskonnect’s Compliance solution simplifies and accelerates your SMCR processes with automation and powerful real-time reporting.

Use the system to effectively manage every aspect of the SMCR regulation from one cloud-based platform. The intuitive user interface makes it easy to engage the business and encourage effective collaboration.

“We were using Excel spreadsheets and we really wanted a solution that would enable us to put integrated reporting in place. Using Riskonnect everything is there at the click of a button. We have the data we need in front of us all the time in real-time..”
– Wayne Langan,
Enterprise Risk Manager, Leeds Building Society

“We were using Excel spreadsheets and we really wanted a solution that would enable us to put integrated reporting in place. Using Riskonnect everything is there at the click of a button. We have the data we need in front of us all the time in real-time..”

– Wayne Langan,
Enterprise Risk Manager, Leeds Building Society

Browse our wide range of resources for insights into hot topics affecting Financial Services
blog - How to Overcome the 4 Big Challenges of SMCR
Blog: How to Overcome 4 Big Challenges of SMCR
The senior managers and certification regime (SMCR) covered more than 47,000 UK financial services organizations when it was first…
Read More…
RK web EBook Transforming Compliance 1
E-Book: Transforming Compliance from Check-the-Box to Champion
Compliance has long been considered a check-the-box function, known primarily for enforcing rules and imposing mandatory training …
Read More…
RK web Ebook Building Operational Resilience in Financial Services
E-Book: Building Operational Resilience in Financial Services
Business continuity plans and risk management play a crucial role in any financial services company’s plan for achieving operational resilience…
Read More…

Key Features of Riskonnect’s SMCR Solution

These are just some of the key features you will benefit from when using Riskonnect to manage your end-to-end SMCR process.

Responsibility
Mapping

Create visual and interactive maps of positions and responsibilities and produce a formal responsibilities map to share with your organization.

Workflow
Automation

Set up workflows to automatically prompt senior managers to view and approve the responsibilities and functions assigned to them.

Survey
Generation

Create and distribute self-assessment surveys within the system without the need for an external survey tool.

Document
Generation

Generate a variety of documents that set out your firm’s management and governance arrangements. Produce Statements of Responsibility (SoR) for senior managers and certificates for certified persons at the click of a button.

Dashboards
and Reporting

Powerful reporting and dashboard tools make it easy to produce reports on any of the input data in real-time, including approval status, assignment of responsibilities and for identifying shared responsibilities.

SMCR solution icon