Learning outcomes:

• Where SEAR fits within the framework
• The 3 C’s of Conduct Risk
• Responsibilities for (I)NEDs
• Mapping out SEAR within a Financial Institution
• Contraventions and Enforcement

Who is the course for?

Participants will get an overview of SEAR as a pillar of Individual Accountability Framework.

Modules:

Introduction to SEAR as a Pillar of the Individual Accountability Framework

• Where SEAR fits within the Framework

Culture and People – Why has SEAR been introduced to Financial Services in Ireland

• Culture, Conduct and the Client – The 3 C’s of Conduct risk
• Behaviours and past experiences
• Understanding Accountability

SEAR

• Duty of Responsibility
• Reasonable Steps
• Inherent Responsibilities (IR)
• Sharing of Roles
• Prescribed Responsibilities / Other responsibilities

Case Study #1 – ‘The UK Senior Managers & Certification Experience

Responsibilities for (I)NEDs

• The importance of the role of (I)NEDs
• Collective Responsibility v Individual Responsibility – The ongoing debate

Mapping out SEAR within a Financial Institution

• Statement of Responsibility (SoR)
• Management Responsibility Map (MRM)
• How SoR and MRM interact

Contraventions and Enforcement

• Administrative Sanctions Procedure (ASP)

Trainer Profile