Rising to the challenge of the Certification Regime

Posted by Peter Griffiths on September 10, 2019
Peter Griffiths

‘Final call for SM&CR’ – Are you sure your preparations are taking you in the right direction?

Read “Rising to the challenge of the Certification Regime”, by Julie Pardy to help ensure your SM&CR journey ends up at the right destination!

Worksmart have been helping financial services firms introduce the Senior Manager & Certification Regime (SM&CR), into their businesses since late 2015.

During that time, the team have accumulated a wealth of experience of how different firms have implemented the regime.  It’s both interesting to note and no doubt re-assuring for many that in all the implementations we have been involved in, no two firms apply the SM&CR regime in exactly the same manner.  This will be re-assuring for the FCA who have made it clear that they don’t want templated solutions and that they are looking for SM&CR to provide a robust governance framework for firms in support of their existing processes rather than force firms to build a raft of new ones.

The Senior Managers and Certification Regime

When firms initiate their SM&CR implementation projects, their project teams head straight for the new regulation, deconstruct that regulation then start planning their project based on implementing every component of the regulation.

‘What’s wrong with that?’ I hear you say. On one level, absolutely nothing, this approach is necessary to ensure the firm complies. However, the well-known saying, ‘can’t see the wood for the trees’ comes to mind. When project teams jump straight into the detail, the wider issues are often lost.

Blue Notes with SMCR Implementation information, presented on white background.

The guiding principle of SM&CR is that the regulator is looking for SM&CR to deliver both behavioural and cultural change within firms. When project teams get into ‘project mode’ these wider issues can easily get left behind as there is a granular level of focus on the details with the bigger picture lost amid project planning and delivery schedules.

Julie Pardy has worked with a wide variety of firms across a multitude of SM&CR implementations and shares her experiences in a very readable and informative guide called Rising to the challenge of the Certification Regime.


Rising to the challenge of the Certification Regime download HERE


Topics: SM&CR

Five key questions you need to answer for yourself in readiness for the SM&CR regulation:

  • Do you understand the full implications of the new regime?
  • Have you considered the impact of the regime on your business and your staff?
  • Do you understand the impacts of embedding the regime into business as usual?
  • Does your organisation appreciate the value of future proofing your systems and processes?
  • Are  you confident in your existing systems and processes to deliver SM&CR compliance?

Worksmart have a knowledgeable and experienced team, call and speak to the experts by clicking here:


OR Click here to book a free demo of our award winning SM&CR solution:


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