Better Compliance with Individual Accountability Regimes Starts Here

Regulatory guidelines on individual accountability are part of a trend to improve culture in financial services. Prove compliance with accountability regimes with Roles and Responsibilities Needs’ assessments, certifications and reporting.

COMPLIANCE BUILT BETTER™

Ensure role coverage for responsible and certified persons. Capture relevant employee functions, responsibilities, and activities to comply with individual accountability regimes and classify regulatory roles and responsibilities to prove sufficient coverage of key roles.

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Are you compliant with regulatory accountability regimes across jurisdictions? Roles and Responsibilities Needs gives you a single resource to monitor compliance with accountability regimes and validate employee qualifications during onboarding and beyond.  

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Streamline and simplify compliance. Configurable workflows plus reporting and analysis drive efficiency and support effective decision making.

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STAY COMPLIANT WITH FIT AND PROPER REQUIREMENTS

Track Fit and Proper requirements during onboarding to ensure new employees are qualified for their assigned responsibilities.

Conduct ongoing role assessments including continuing education to ensure Fit and Proper compliance for current employees.

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KEEP TRACK OF WHO’S DOING WHAT

Keeping track of the many requirements of Individual Accountability Regimes is a challenge, especially for firms with many employees across multiple jurisdictions. 

Easily assign regulatory roles, responsibilities and activities and link to relevant entities for better monitoring, surveillance and reporting.

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SIMPLIFY THE CERTIFICATION PROCESS

Simplify the reporting and certification process with easily generated certificates and reports for regulators, including Statement of Responsibilities (SoRs) & Responsibility Maps. 

Save time, increase efficiency and reduce errors with an easy-to-use solution.

Monitor compliance with global accountability regimes and ensure the fit and proper status of covered persons.

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Clearly identify individuals in senior management positions, delineate their responsibilities and specify the staff in certified functions. Classify regulatory roles and responsibilities and ensure sufficient coverage of key roles.

Verify employee qualifications and education. Define Knowledge Needs and track continuing professional education and development activities at onboarding and throughout the durationof employment.

Identify, record, and report conduct rule breaches.

The platform is designed to be easily customizable to fit the unique needs and policies of different organizations.

Roles and Responsibilities Needs is part of MCO’s Know Your Employee (KYE) suite that monitors, identifies and remedies conflicts of interest and code of conduct issues and comprehensively addresses employee compliance.

With Know Your Employee, firms can manage all areas of employee compliance on one platform with shared data, enabling a holistic view of compliance risk.

Prove Compliance with Accountability Regimes

Roles and Responsibilities Manager provides you with a solution to manage the data and reporting required by global accountability regimes across jurisdictions so you can confirm that employees possess the required qualifications and knowledge to effectively perform their roles. Our platform offers a single solution to monitor compliance with global accountability frameworks, ensure the fit and proper status of impacted persons and track registration and licensing requirements for regulated legal entities.

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WHITE PAPER

Conduct and Compliance: A Collective Approach to Ethics and Accountability

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