Senior Management Responsibilities under FSA Rules (SYSC)

Explain the application and purpose of the SYSC Sourcebook
Describe what is meant by “appropriate systems and controls” and Operational Risk
Explain the requirements under “Employees, Agents and Other Relevant Persons”
Provide practical advice on the development of the firm’s Risk Map
Provide generic templates of the Risk Map and Risk Management policy
Explain how development of the Risk Map can provide added value to the business
Provide an understanding of how the Risk Map links to Compliance and, where appropriate, Internal Audit
Consider the risks to be included in the Risk Map e.g. Outsourcing; Liquidity, Group, Credit and Market risks.
Explain what is expected under The Public Interest Disclosure Act (Whistle blowing)