Increasing Responsibilities for HR in Financial Services

If the regulator interviewed you tomorrow, would your risk management strategy be up-to-scratch?

Course Overview

Financial markets are all about people. Your HR department oversees recruitment, training and appraisal processes, and has a key role in your firm’s remuneration strategy. From the regulator’s perspective, this gives you a unique position in the management of people risk.

Tighter regulation means a significant fine could be levied on anyone who performs a controlled function (which could also attract bad press for your business). It’s down to your department to make sure you hire the right people in the right roles.

People risk is high on the regulator’s agenda. And it’s much more common for heads of HR to be interviewed on supervisory visits. They are looking for you to demonstrate best practice in:

• The appropriateness of senior management hires
• Structures, reporting lines and job descriptions
• Remuneration strategies
• Recruitment processes
• Training and competence programmes

Join us for this informative course. You’ll be better positioned to protect your business and withstand the regulator’s scrutiny:

• Gain insight into the regulator’s expectations of HR roles
• Take a risk-based approach to recruitment
• Learn the standards required for Approved and Senior Management Functions (and the systems and controls that should be in place)
• Collaborate better with your compliance team
• Ensure your training programme meets the standards and staff are up-to-date with the latest regulation
• Get expert insight into how the regulator thinks and what it means for HR

Become a better manager of people risk

Protect your firm (and workforce): The regulator can impose significant fines on both the company and the individual if a member of staff does not perform their role adequately. Avoid this by making sure you know exactly who should be doing what.

Promote better working relationships: You have to work more closely with compliance staff. By improving your knowledge of people risk, you can better collaborate and communicate with other functions within your firm.

Encourage best practice: You’ll help create a culture of good governance. And by introducing watertight due diligence processes and recruitment systems you’ll make sure your firm avoids regulatory fines and bad press.

Raise the profile of your department: New regulation gives HR departments a greater role in business strategy. Embedding people risk in the firm’s strategy will help your team add value to the business’s commercial success.

Course Modules

• The rules governing people
• The importance of fitness and propriety
• Senior management arrangements, systems and controls
• Getting the recruitment and application process right
• Understanding and setting competence requirements
• Risks and risk controls