In the Individual Accountability: Extending the Senior Managers & Certification Regime to all FCA firms consultation the FCA has suggested that IT should be classified as a Certified Function.
This has implications to the recruitment process for individuals who are working in a Certified Function. the proposed rules are as follows
Which is a little bit more than the standard confirmation that a candidate worked in a role from time A to time B. It also means that senior IT and other back office staff will need to be much more aware of their duties and responsibilities under the FCA rule books.
A clear buy signal for Compliance Training and Background Check Firms!