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 any member of staff who performs a ‘controlled function’ without FCA approval could be hit by a significant fine (and attract bad press for your business). It’s down to your department to make sure this doesn’t happen.
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 one-day 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 persons (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 performs a controlled function without approval. Avoid this by making sure you know exactly who is doing what.
Promote better working relationships
You now 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.
The Course Agenda
The rules governing people
Which rules apply to each role?
The regulator’s rules versus employment law
Approved persons: recruitment processes and propriety
High Level Standards for authorised persons
Understanding your compliance responsibilities
The importance of fitness and propriety
An overview of the FIT sourcebook
How to decide which vetting standards to apply
The role of HR in overseeing fitness and propriety
What to do when fitness and propriety is in question
Senior management arrangements, systems and controls
The SYSC sourcebook
Key controls carried out by HR
How to deal with failing controls
Role profiles and reporting lines
Record keeping: embedding best practices
Getting the recruitment and application process right
Assessing suitability and competence
Conducting competence-based interviews
Vetting applications: a case study exercise
Designing induction programmes
Understanding and setting competence requirements
The training and competence (T&C) regulations
The fundamentals of a T&C regime
Understanding record keeping requirements
Recording initial and on-going competence
How to build a competence framework: case studies
Risks and risk controls
How to identify risk
Setting key performance indicators: an exercise
Establishing controls to prevent and mitigate risk
Philippa is a Partner at FSTP. Formerly Head of Learning for Barclays, Direct Channels she brings to the role extensive experience of managing a major training function covering all of the people aspects of financial advice, mortgages and general insurance.
She has also had a highly successful career in regulated sales and sales management which gives her the strong customer focus and business awareness which is much appreciated by clients.
She writes articles for various financial service publications on Training & Competence issues as well as areas of current regulatory focus and concern.
Who is this course for?
This packed one-day course has been designed for:
HR professionals
Training and employee benefits teams
Recruitment staff
Administration and record keeping personnel
'This training helped me understand better how to approach vulnerability and will be useful to design training courses internally.'
Head of Personal Loans
Finance and Leasing Firm
'Fantastic Introduction and overview of the regulated world. Philippa makes a dry subject very interesting and engaging.'
Senior HR
Business Management Consultant
Training that makes a difference
Packed with relevant information
We know you’re busy, so we’re careful not to waste a minute of your time. Our training courses are fast paced, insightful and filled with valuable information.
Experienced engaging trainers
With first hand industry knowledge and an intimate understanding of the regulatory environment, we always guide you with an expert (and friendly) hand.
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Sessions are practical workshops not PowerPoint lectures. All courses are limited to no more than 14 attendees, so we’re able to explain concepts in the context of your business.