Multi-Award-Winning SM&CR Solution

‘Best Solution Provider SM&CR’ – 2016 & 2017
‘Best Compliance Software’ – 2018
‘Best RegTech Solution – SMCR’ – 2018

Trusted by some of the biggest names in financial services, including 7 FTSE 100 and 2 Fortune 500 companies, our Senior Managers & Certification Regime (SM&CR) software protects firms, and their senior managers, against non-compliance, personal fines and reputational damage.

Implement SM&CR with assurance and complete confidence

Our proven SM&CR software has been implemented by our banking sector clients since the commencement of the regime in 2016. It’s this unrivalled experience that enables us to provide market-leading SM&CR technology that is underpinned by a profound understanding of the regime.

As the regime is extended to all regulated firms during 2019, it is this combination of technology, experience and expertise that enables us to provide firms with the assurance and confidence needed to successfully implement SM&CR, and to meet all ongoing regulatory obligations.

Award Winning SMCR software

Functionality and Benefits


    Senior Managers Regime:

    • Management and production of MAPS (MRM)
    • Automatic compliance validation
    • Creation and maintenance of ‘SORS’
    • Committee management
    • Matrix reporting and 2nd tier reporting lines
    • Map drafting and audited approval processes
    • Automatic customised Map output
    • Recording of Reasonable Steps
    • Handover processes
    • Manage primary and 2nd tier reporting lines
    • Regulatory application & regulatory references

     

    Certification Regime:

    • Fit and proper assessment (FIT)
    • Competency assessments
    • Business process ‘Life Cycle’ requirements
    • Online competency testing
    • Continuous Professional Development (CPD)
    • Management of Regulatory References
    • Identification of Certified Individuals
    • Fully compliant Certificate records and renewal tracking
    • Reporting and dashboard management of the Certification Regime
    • Automatic Certificate production and storage

     

    Conduct Rules

    • Code of Conduct rule adherence management
    • Breach recording and management
    • Breach reporting to the Regulator

    Benefits:

    • Reduced risk of regulatory enforcement, fines and reputation damage
    • Mitigation of personal risk for Senior Managers
    • Transparency and risk control for Execs and Board
    • Operational efficiency and reduced cost
    • Management of the annual Certification process and Fit & Proper assessment
    • Full audit trail and attestation management
    • A single view of the ‘truth’ available to all stakeholders

     

“After conducting a thorough market assessment of software vendors, we chose Redland for their proven software and their regulatory expertise”.

Steven Sussman, Chief Executive, JM Finn

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