Statements of Responsibility (SoRs) and What Boards Should Consider Before Appointing an SMF
Statements of Responsibility (SoRs) and What Boards Should Consider Before Appointing an SMF Statements of Responsibility — almost always shortened to SoRs — are among the most consequential documents in any board-level appointment at an FCA-regulated firm. An SoR sets out what an individual Senior …
What the Senior Managers Regime Means When Recruiting at Board Level
What the Senior Managers Regime Means When Recruiting at Board Level Board appointments at FCA-regulated firms operate inside a regulatory framework that fundamentally changes the shape of the search. The Senior Managers and Certification Regime — SMCR — is not just a compliance overlay applied …
Permanent, Interim or Fractional: Which Compliance Hire Does Your Firm Actually Need?
Permanent, Interim or Fractional: Which Compliance Hire Does Your Firm Actually Need? One of the most consequential decisions in a compliance search happens before the search itself starts: deciding whether the firm needs a permanent compliance hire, an interim appointment, or a fractional engagement. Most …
How to Choose a Compliance Recruitment Agency That Understands the FCA
Choosing a Compliance Recruitment Agency That Understands the FCA Hiring a senior compliance professional into an FCA-regulated firm is a meaningfully different exercise from hiring most other senior roles. The candidate’s competence will be directly assessed by the regulator. The role almost always sits inside …
The Compliance Recruitment Agency Checklist: What Regulated Firms Should Be Asking
The Compliance Recruitment Agency Checklist: What Regulated Firms Should Be Asking Choosing the right compliance recruitment agency is one of those decisions that looks straightforward until it goes wrong. By the time a search has produced three rounds of unsuitable candidates, burned through ten weeks …
Why Your Compliance Hire Keeps Falling Through (And What to Do About It)
Why Your Compliance Hire Keeps Falling Through (And What to Do About It) If you have been trying to fill a compliance role for longer than you expected — and the search keeps stalling, candidates keep withdrawing, or offers keep getting turned down — you …
How long does FCA SMF approval actually take? A realistic timeline for regulated firm boards
The Gap Between the Statutory Position and Reality The FCA’s statutory position on SMF approval timelines is reasonably well known: the regulator has three months from receipt of a complete Form A application to reach a decision. Most boards treat this as the planning figure. …
How the FCA Form A approval process works: a practical guide for regulated firm boards
What Form A Is and Why It Matters Every individual appointed to a Senior Management Function at an FCA-regulated firm must receive FCA individual pre-approval before taking up their role. That approval is requested through Form A — the standard notification form submitted via the …
When does a firm need a CFO? When does a firm need a Finance Director?
By Adrian Lawrence FCA, Founder, Exec Capital A specific question that comes up frequently in senior finance hiring conversations: should the firm be hiring a CFO or a Finance Director? The two titles are sometimes used interchangeably and sometimes with substantively different meaning, and the …
What’s the realistic timeline for a senior executive search?
By Adrian Lawrence FCA, Founder, Exec Capital A practical question that comes up early in most senior search conversations: how long does the search actually take from start to finish? The honest answer is that a substantive senior search runs 12-18 weeks from formal mandate …
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