Hiring a Chief Risk Officer (SMF4) at an FCA-Regulated Firm
Hiring a Chief Risk Officer (SMF4) at an FCA-Regulated Firm Appointing a Chief Risk Officer at an FCA-regulated firm is one of the most consequential hiring decisions a board will make. Under the Senior Managers and Certification Regime, the CRO typically holds the SMF4 designation …
Chair of Audit Committee (SMF11) Appointments at FCA Firms
Chair of Audit Committee (SMF11) Appointments at FCA Firms The Chair of the Audit Committee at FCA-regulated firms is among the most demanding senior NED appointments in the UK regulated landscape. The SMF11 designation under the Senior Managers and Certification Regime gives the role personal …
Chair of Risk Committee (SMF10) Appointments at FCA Firms
Chair of Risk Committee (SMF10) Appointments at FCA Firms The Chair of the Risk Committee role at FCA-regulated firms has become one of the most demanding senior NED appointments in the UK regulated landscape. The SMF10 designation gives the role personal accountability under the Senior …
Senior Independent Director (SMF14) Recruitment at FCA Firms
Senior Independent Director (SMF14) Recruitment at FCA Firms The Senior Independent Director role at FCA-authorised firms has become one of the most distinct and demanding NED appointments in the UK regulated landscape. The SMF14 designation under the Senior Managers and Certification Regime gives the role …
First-Time Chair at a Regulated Firm: What FCA Approval Requires
First-Time Chair at a Regulated Firm: What FCA Approval Requires The first Chair appointment at an FCA-regulated firm is a particular kind of milestone. The candidate has typically held meaningful senior roles before — often as an executive director, CEO, or NED in non-regulated contexts …
Chair Recruitment for FCA-Regulated Firms: The SMF9 Brief and What Boards Should Look For
Chair Recruitment for FCA-Regulated Firms: The SMF9 Brief and What Boards Should Look For Appointing a Chair at an FCA-regulated firm sits within a regulatory framework that shapes the search from the first day of the brief. The role is the SMF9 — the Chair …
Executive Director Appointments at FCA-Regulated Firms: The SMF3 Brief
Executive Director Appointments at FCA-Regulated Firms: The SMF3 Brief The Executive Director designation under the Senior Managers and Certification Regime is one of the more frequently misunderstood Senior Manager Functions in the UK regulated firm landscape. SMF3 sits alongside SMF1 (CEO) and SMF24 (Chief Operations) …
CEO Appointments at Challenger Banks: PRA Expectations and Dual-Regulation Reality
CEO Appointments at Challenger Banks: PRA Expectations and Dual-Regulation Reality Appointing a Chief Executive at a UK challenger bank sits inside a regulatory framework that is meaningfully different from CEO recruitment at a single-regulator FCA-authorised firm. Challenger banks are dual-regulated — supervised by the Prudential …
Recruiting a CEO for an FCA-Authorised Firm: What Makes the Brief Different
Recruiting a CEO for an FCA-Authorised Firm: What Makes the Brief Different Appointing a Chief Executive at an FCA-authorised firm sits within a regulatory framework that shapes the search from the first day of the brief. The role itself is the SMF1 — a designated …
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 …
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