The requirements placed on Senior Managers of regulated financial services businesses are contained in the “Senior Management Arrangements Systems & Controls” (SYSC) chapter of the FSA handbook. These Rules have been extensively reviewed and updated as a result of the implementation of MiFID in late 2007.

It is vital that these requirements are understood by Senior Management in order to achieve full compliance and avoid regulator censure. This course explains the requirements contained in this part of the FSA Rules, the issues that Senior Management need to consider and the steps Senior Management need to take. This includes developing the firm's risk policies and documenting the Risk Map. It shows how to develop an effective risk and control culture and how the implementation of effective risk management systems can add value to the firm and not simply satisfy compliance obligations.