Individual accountability is now a global concept and is becoming a regulatory focus area around the world, with regulations including the Senior Managers and Certification Regime (SMCR) in the UK, Individual Accountability and Conduct (IAC) in Singapore, and the Financial Accountability Regime (FAR) in Australia, just to name a few. These regulations require organizations to identify senior managers, allocate responsibilities to these individuals, and draw together responsibility maps for the firm. Organizations are also required to ensure that senior managers are fit and proper for their roles and meet conduct and certification rules established by the regulator.
The Archer Individual Accountability Management App-Pack provides the framework to help manage accountability for key individuals within the organization. It supports organizations’ Individual Accountability and Conduct by providing employees with greater visibility and knowledge across various requirements to stay compliant with their relevant regulations or obligations.
With the Archer Individual Accountability Management App-Pack, you can:
Identify key individuals and roles within the organization to track accountability
Document accountability, attestations, regulatory communication and related events affecting accountability
Define prescribed responsibilities and attach to individual accountability
Document and track all notifications and communication with regulators
Submit FAR regulatory forms and capture regulatory correspondence with the FAR add-on package
This app-pack provides:
Insights into accountability coverage for Executives and operational teams alike
Full visibility into individuals’ background, eligibility and performance
High-level view of organizational accountability coverage
Interested in learning more about the Archer Individual Accountability Management app-pack? Join us for a Free Friday Tech Huddle on June 2, 2023, for an overview and live demo. Free Friday Tech Huddles are only available to Archer customers and pre-registration is required. If you are not yet a customer but you are interested in learning more, please contact your local representative or authorized reseller — or visit us at www.archerirm.com.