Senior Management Arrangements Systems and Controls SYSC | Employee Monitoring Form and Risk Management | Mortgage Conduct of Business MCOB | Template for FCA Applications and Authorised Firms

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Employee Monitoring Form Template

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 [An Employee Monitoring Form Template is included in 03_Employee_Training_Induction]

7.8 Risk Management

As regulated under FCA Handbook sections SYSC 4.11 and SYSC 7.1, the company has procedures, systems and controls in place to identify, manage, report and mitigate against risks. These include carrying out risk assessments on all systems and business activities and recording the finding on our Risk Register.

We also use a Risk Matrix to assign each risk an impact and probability rating, which enables us to tier all risks and create mitigating processes to minimise the likelihood of a risk occurring.

Both internal and external risks are identified, assessed and recorded by the firm, in addition to all new procedures, new business activities and new systems which are risk assessed in a hypothetical manner prior to implementation.