Supervising Certified Individuals - Compliance Training

Supervising Certified Individuals

This practical, interactive workshop will provide you with ideas for ensuring competent and effective supervision in a Certified Regime.

Delivery:

Various

Supervising Certified Individuals

For group bookings, to discuss tailored delivery or for any questions about this course, please get in touch:

Course Overview

 

As your supervisors are responsible for the competence of Certified Individuals it is important that they are trained to carry out their role in the way that will satisfy the regulatory requirements.

 

Regulated firms need ensure that their supervisors really understand what is required of them. Your Senior Management delegate day to day management of people to team leaders, heads of desk, departmental heads but the FCA will be looking at organisational charts and responsibility maps to understand who is ultimately accountable for the competence of certified persons.

 

Whilst supervising others is always a challenge when you are trying to manage your own role and support a team, understanding your responsibilities and the regulatory requirements of being a supervisor, will help to embed the fundamentals into your day to day working.

 

We know from experience that too often supervision and competence assessment are viewed as a “tick box exercise” using tools such as annual appraisals or file reviews to establish competency but this isn’t sufficient for the regulator or supportive of the long term future of a business – Consumer Duty requires firms to have robust evidence to support their work on achieving good outcomes for consumers.
This practical, interactive workshop will provide you with ideas for ensuring competent and effective supervision in a Certified Regime.

 

Learning Objectives

 

  • Understand the regulatory responsibilities they have as a supervisor
  • Verify what it means to assess against competence standards
  • Be able to differentiate between assessing and monitoring on-going competence in your staff
  • Recognise the business benefits of providing effective supervision
  • Take away key actions and ideas to improve upon your supervisory interactions

Course Modules

 

  • The regulatory expectations of Managers of Certified Persons
  • Accountability for those requiring certification as a Certified Persons
  • Practical measures of Certified Persons’ Fitness and Propriety
  • Short case study examples of those falling below the expectations to discuss
  • What happen if a Certified Person falls short of F&P requirements
  • Performance Review documentation
  • T&C Scheme or a Certification process
  • Compliance manual with a section of guidance for the 3 different business activities giving definitions of F&P
  • Any HR/Compliance mandatory standards for F&P
  • Business specific values or behaviour expectations that have been communicated to the Certified Persons

For group bookings, to discuss tailored delivery or for any questions about this course, please get in touch:

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Supervising Certified Individuals

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