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Senior Management Arrangements Systems and Controls

The Senior Management Arrangements Systems and Controls (SYSC) Sourcebook apply to authorised financial services firms. It ensures the allocation of responsibility in a way that helps leaders monitor and control a business.

The purpose of SYSC rules is to encourage directors and managers to take practical responsibility, employ adequate risk management systems, and create a common standard for systems and controls.

Our Senior Management Arrangements Systems and Controls Course explains the responsibilities of senior managers as contained in the FCA Handbook.
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  • 25 Minutes
  • Managers
  • Based on UK legislation, but suitable for global audiences upon the removal of UK-specific references and translation as necessary.

Learning objectives

  • Recognise the purpose of Senior Management Arrangements, Systems and Controls
  • Identify how responsibilities are apportioned and recorded
  • Know the necessary systems and controls
  • Recognise the critical areas of systems and controls
  • Explain how the Public Interest Disclosure Act protects whistleblowers

Welcome

What are Senior Management Arrangements Systems & Controls?

Purpose of Senior Management Arrangements, Systems & Controls

Appointment of responsibilities

  • Exercise: Apportionment of responsibilities

Recording the apportionment

Systems & controls

General organisational requirements

Critical areas of systems & controls

  • Outsourcing
  • Exercise: Key areas of systems & controls

Exercise: Systems & controls

  • Scenario 2
  • Scenario 3
  • Scenario 4
  • Scenario 5
  • Scenario 6

Public Interest Disclosure Act: Whistleblowing

  • Managers' responsibility

Summary

Affirmation

Assessment

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Financial Crime

Common FAQs

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Our Compliance Breach Register allows you to securely log and monitor incidents of financial crime, such as bribery or money laundering. The tool enables you to track resolution progress and maintain a clear audit trail, ensuring accountability and compliance with regulatory requirements.

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