SMCR (Senior Managers and Certification Regime)

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SMCR (Senior Managers and Certification Regime) pre-employment checks matter now more than ever.

SMCR (Senior Managers and Certification Regime) background checks
The Senior Managers and Certification Regime (SM&CR), which replaced the Approved Persons Regime (APR) in the banking industry in March 2016, is meant for all organizations authorized under the Financial Services and Markets Act (FSMA) such as UK-incorporated banks, building societies, and credit unions, as well as Prudential Regulation Authority-regulated investment banks and insurers.

The SM&CR's goal is to protect consumers and strengthen market integrity by holding individuals more accountable for their actions and competence, encouraging a culture of individual responsibility among employees at all levels, and ensuring that both firms and employees understand and can demonstrate where responsibility lies.

A firm must ensure that no employee of the firm performs an FCA certification function under an arrangement entered into by the firm in relation to the carrying on by that firm of a regulated activity unless the employee has a valid certificate issued by that firm to perform the function to which the certificate relates, according to the Certification Regime. While a senior leader may delegate their tasks to staff further down the line, they cannot delegate the accountability for monitoring and results of activities made by staff under the Senior Managers Regime.

These stringent screening procedures assist an organization's compliance in ensuring that personnel are fit and appropriate to perform their roles within the organization, both when they first join and on a continuing basis. Our SMCR package gives you piece of mind that personnel who perform essential responsibilities in your company have undergone the necessary employment screening procedures.

Details & requirements

  • This package is only available to candidates based in the United Kingdom.
  • This package is available for job roles that fall under SMR and SMCR and is for firms who need to screen their candidates in accordance with FCA standards.
  • Please do not purchase this bundle if your candidate requires foreign checks. Please contact us to discuss your overseas needs.

NOTE: Candidates for SMCR positions may be required to provide regulatory references if they have previously held such a job and the referee has a six-week SLA set by the regulator.
 

These are some of the Pre-employment or due diligence checks that organisations may want to consider running in SMCR (Senior Managers and Certification Regime) sector

  • Personal Information
  • Personal Contact Details
  • DBS Standard Criminality Check
    Our standard criminal record checks provide details of all spent and unspent convictions, informed warnings, cautions, reprimands, final warnings and other non-court disposals on an individual. It is fast, reliable, authorised by the State, and comprehensive enough to present you with the legal standing of a candidate within the United Kingdom.
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  • Tenant Credit Check

    Are you a landlord or a property agent who will like to ascertain that your tenants can meet up with their rents?

    Not to worry, Risk Reduct can help with that. Our extensive tenant credit check service helps landlords and property agents like yourself to run credit checks on prospective tenants, furnishing you with insight into your prospective tenant’s credit history such that you are able to guard against the risk of late rent payments.

    With written consent from your prospective tenant, we will help you run a credit check on the applicant and provide you with the following details:

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  • DBS Enhanced Criminality Check
    For the Enhanced Criminal Record Checks, we provide details on all spent and unspent convictions, cautions, final warnings and other non-court disposals, reprimands, information held locally by the police (as relevant to the job role applied), and the Disclosure and Barring Service (DBS).

    We recommend our enhanced check service for positions that are required in a regulated industry, as well as for regulated activity providers whose work lies heavily on constant interaction with children and vulnerable adults. 
    This service includes overseas criminal record check on employees who have been deployed or out-of-status abroad.

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  • Employment History : 1 year

    An Employment History Check is particularly relevant where experience is crucial for a good performance on the job. RiskReduct verifies that the candidate hasn’t elaborated on their previous roles, salaries etc or even lied about them entirely.

    We thoroughly scrutinise the candidate employment history by contacting the previous verified employer and verifying employment types, job titles, wages and other important information. We'll provide you with the vital information and report that you need to ensure that you make an informed decision and employ the right candidate.

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  • Identity Check

    Identify Check is the process in which we check if the candidate has provided accurate and authentic information about their true identity. Using data from the UK credit reference agencies, we verify and validate the full name, age, current address, and other personal submitted by the applicant against the records held by the CRA and other authentic third-party organisations. 

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  • Passport Check
    We help verify and validate the details of a candidate’s passport document. We match the Machine-Readable Zone (MRZ code) with their supplied credentials using a cloud-based algorithm that verifies passport and other identity documents.
    This process ensures that your organisation complies with the Right to Work legislation and demonstrates that a passport is also genuine.

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Packages

Select the best package that suits your recruitment strategy

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