CRO Recruitment at Challenger Banks and Dual-Regulated Firms
CRO Recruitment at Challenger Banks and Dual-Regulated Firms The Chief Risk Officer role at a challenger bank or dual-regulated financial institution carries a set of demands that do not exist at FCA solo-regulated firms or at non-regulated businesses. Dual regulation by the FCA and PRA …
The Board-Level CRO: Governance Positioning and SMF4 Approval Considerations
The Board-Level CRO: Governance Positioning and SMF4 Approval Considerations The Chief Risk Officer at an FCA-regulated firm occupies a governance position that is structurally different from every other member of the executive leadership team. Every other C-suite executive — the CEO, CFO, COO, CMO — …
SMF13 Chair of Nominations Committee
Chair of Nominations Committee (SMF13) Appointments: Succession Governance The Chair of the Nominations Committee at an FCA-regulated firm holds a designation that is structurally different from the other committee chair functions under SMCR. The SMF13 holder is not primarily accountable for a functional risk or …
Chair of Remuneration Committee at FCA Firms
Chair of Remuneration Committee (SMF12) at FCA-Regulated Firms: Governance and Pay The Chair of the Remuneration Committee at an FCA-regulated firm is one of the most technically demanding committee chair roles in the regulated financial services governance landscape. The SMF12 designation carries personal accountability for …
Consumer Duty: The Chair’s Role in Oversight
The Chair’s Role in Consumer Duty Oversight: Hiring Implications Consumer Duty has changed what a Chair needs to bring to a retail-facing regulated firm board. Not incrementally — the change is structural. Under the previous conduct framework, the Chair’s accountability for conduct outcomes was largely …
Chair Succession in PE-Backed Regulated Firms
Chair Succession in PE-Backed Financial Services Businesses Chair succession at a PE-backed financial services firm involves a set of competing pressures that do not arise in the same combination anywhere else in the regulated financial services governance landscape. The private equity investor has defined expectations …
Wealth Management Executive Director Hiring
Executive Director Recruitment at Wealth Management Firms Executive Director appointments at wealth management firms sit at the intersection of several distinctive governance pressures. Wealth management is a sector where client relationships are deeply personal, regulatory obligations have intensified significantly under Consumer Duty, and the profile …
Hiring a Deputy CEO at an FCA-Regulated Firm
Hiring a Deputy CEO at a Regulated Firm: SMF3 vs SMF1 Succession Considerations The Deputy CEO role at an FCA-regulated firm sits at one of the most complex governance intersections in the SMCR framework. It is a role defined more by its succession purpose than …
CEO Succession at an FCA-Regulated Firm
CEO Succession at Regulated Firms: Timelines, FCA Engagement and Contingency Planning CEO succession at an FCA-regulated firm is one of the most demanding governance challenges a board will manage. It combines the complexity of a senior executive search with the regulatory obligations of the Senior …
Hiring a CEO Without Previous SMF Approval
First-Time SMF1: Hiring a CEO Who Has Never Held an SMF Role Before The assumption that a CEO appointment at an FCA-regulated firm requires a candidate who has previously held an SMF designation is understandable but wrong. The FCA does not require candidates for senior …
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