image of business person

The Senior Managers’ checklist: download your copy


Posted by on

Summary: Seven steps towards a robust risk management framework. Download your copy of the Senior Managers’ Checklist for Heads of a Key Business Area.

Conducting a thorough, independent assessment

Within two months of coming into a new role, Heads of Key Business Areas who work for banks are required to carry out a thorough and independent assessment of the risk management framework in place for the area of the business for which they are responsible.

Assessing the key issues

This practical checklist sets out the key issues that should be assessed if you want to satisfy yourself that the area of the business for which you are responsible has a robust process in place for identifying, assessing and managing each of the various material risks that it faces.

Assessments need to be independent and your own. You can, of course, get colleagues and external advisers to help you, but you must remain centrally involved. If you have any questions about assessing your risk management framework and / or challenges associated with the wider Senior Managers Regime (SMR), please email Sidney Myers.

Download your Senior Managers’ Checklist

The checklist covers the following seven key areas of personal accountability for Heads of a Key Business Area:

  1. Your area of responsibility
  2. Your structure
  3. Your risks
  4. Your systems and controls
  5. The regulators
  6. Management Information
  7. The decisions


Stay informed

Sign up to receive email alerts from our award winning Expert Insights team

Sign up now

See more insights by category

This site uses cookies to help us manage and improve the website, your browsing experience, and the material/information we send to our subscribers. For further information about cookies, including how to change your browser settings to no longer accept cookies, please view our Privacy Notice. Otherwise we will assume you are OK to continue.