Risk Management Policy

It is an FCA requirement that every firm is aware of the risks it is exposed to.  As a result, every aspect of a firm’s business demands risk analysis, ranging from internal failure of personnel and systems to counter-party failure to systemic market failures. With the recent FCA rule changes, these assessment should always include the firm’s financial and operational resilience.
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Under the Senior Managers and Certification Regime (SM&CR), a designated senior manager has the responsibility for the identification and management of risk.
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Whilst not every risk can be avoided, all business decisions need to be supported by a risk analysis. This makes the risk management framework a vital building block of conduct and culture of any regulated firm.
 
The Risk Management Policy Template has been drafted by our industry experts to provide a template resource fully compliant with FCA regulatory expectations (including Financial and Operational Resilience Assessment).