Revised National Occupational Standards for Compliance, Anti-money Laundering and Countering Financial Crime

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During 2015 FSP, in conjunction with the International Compliance Association, the national occupational standards for Compliance, Anti-money laundering and Countering Financial Crime were revised and updated to reflect current industry good practice. These standards were revised and consulted on by employers from the financial sector and are now available for your use All of the… Read more »

Are you on the track to success?

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Organisations can now take stock of their strengths and weaknesses by undertaking a 20-minute questionnaire. In partnership with employers, we’ve developed an online self-assessment tool to help employers look at things such as people management, efficiency and culture to see if they’re on the right track. The Ambit™ tool takes just 20 minutes to complete by having… Read more »

Outsourced Assessment Services Made Easy

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Making sure that your people have the right skills and knowledge to do the jobs you need them to do is critical to business success and customer confidence.  It remains a key priority for many employers in the sector, and is underpinned by the training and competence requirements set out by the Financial Conduct Authority… Read more »

Getting to know our customers

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Almost two thirds of financial services firms say their management team is not diverse, in addition to 67% of firms who say they don’t have a pipeline in place for when management positions become available according to our new survey. The results of our 2014 Employer Skills Survey, which targets leaders and managers across the… Read more »

The importance of critical analysis

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A board’s ability to maintain the quality and suitability of its decision-making hinges on the critical analysis of proposals presented to it. The board and every director are responsible for ensuring that data given to them is appropriate in terms of form and content for arriving at a decision responsibly. Critical analysis is one of… Read more »

Establishing the right boardroom culture

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Boardroom culture has found itself under increased scrutiny in recent years, with many companies being criticised for having boards which are not diverse or balanced enough. But it’s not just the composition of boards which needs addressing. The behaviour of boards, as well as the company values and strategy which they play a vital role… Read more »

The importance of board competence

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Overall board responsibility is primarily down to its Chairman. This role is twofold. Firstly, they will be accountable for making sure that individual board members are competent. Secondly, they will also be liable for ensuring that the board collectively has the requisite skills, know-how and experience to fulfil its obligations. A Chairman will also have… Read more »

The importance of board communication

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Good communication is the backbone of any organisation and while it is important that this runs through the entire company, board members in particular should be communicating effectively with each other and with senior managers, so that important messages can filter down the company. If effective communication isn’t ingrained in a company, it can cause… Read more »