HR software and people-management solutions for financial services firms

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Why choose Ciphr’s HR software for your financial services firm?

Ciphr’s cloud-based human resources (HR) software helps financial firms stay connected and work efficiently when they need to most – even when operating remotely.

Employees will love that they can:

  • Manage, maintain, and view their own information (including personal details, absence and training activity)
  • View online payslips
  • Access an employee directory to find the right people in the firm
  • View policies and procedures
  • Complete and keep track of personal development plans
  • Access the system from anywhere, at any time on their mobile phone, tablet or PC
  • Understand the culture, brand, and values of the firm

HR will love that Ciphr’s HR software helps them:

  • Improve efficiency and automate processes
  • Track and manage crucial SMCR compliance records
  • Attract, retain, and reward top talent
  • Gain a holistic perspective of people and performance through powerful reporting tools and dashboards
  • Manage people performance
  • Connect HR throughout the firm with integrations to other tools

Enjoy simple SMCR solutions

With Ciphr’s HR solutions for the financial services and banking sector, you can establish and maintain robust SMCR employee records within your Ciphr HR system, which helps you simplify and automate processes, mitigate risk, and record and report on compliance.


Simpler processes for senior managers

Firms will love that they can:

  • Assign prescribed responsibilities to senior managers
  • Record relevant checks and store documents against senior managers’ records
  • Create and review auditable records of which responsibilities were accepted by which senior manager, and when
  • Report on who currently holds each senior manager function (SMF) at the click of a button, or via the SMCR dashboard
  • Conduct and store performance reviews
  • Create statements of responsibilities
  • Upload a responsibilities map
  • Record attestations
Senior Managers Certification
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“To comply with the Senior Managers Certification Regime (SMCR), we have to be able to assess the fitness and propriety of all our people, and make sure we have the right record keeping around that. Ciphr helps us collate and check that information.”

Make getting and staying certified easy

Firms will love that they can:

  • Carry out background checks by integrating Ciphr’s solutions with Experian’s background checking services
  • Create and review auditable, point-in-time reports for certification checks – what checks were carried out, when, and who certified an employee
  • Create, send, and store certificates related to certified employees
  • Set automated alerts and notifications to ensure future checks are renewed as required
  • Quickly report on all employees who hold a certification function
  • Manage regulatory references quickly and easily
  • Conduct and record performance reviews
  • Record certification checks and attestations

Ensure employees are following conduct rules

With Ciphr Onboarding – which helps you inform, educate, and engage new employees even before their first day – firms can make employees aware of the relevant conduct rules that apply to them and explain what happens if the rules are breached. Employees can show that they understand and accept the conduct rules via Ciphr HR’s policy acceptance functionality and electronic signature integrations (with third-party software from trusted providers such as DocuSign and Adobe Sign).

You can test employees’ knowledge of the conduct rules, and ensure that they are as knowledgeable as possible, by providing training content on the rules through Ciphr LMS.

Because firms are also expected to report breaches of the conduct rules, Ciphr HR can help via its HR case management functionality – ensuring breaches are reported in required times (and part of what makes Ciphr the GDPR compliant HR software of choice for hundreds of customers).


Help employees understand their benefits with total reward statements

Show employees the total value of their salary and benefits package at any time of the year by using Ciphr HR’s total reward statement.

The statement presents basic salary, employer pension contributions, company car allowance, private medical insurance, and the value of any other quantifiable benefits. It can also include other benefits that are not easily quantified in financial terms.

Total reward statements help employees understand the true value of their benefits and provide them with a clearer understanding of their total remuneration.

total reward statement
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“The total reward statements show employees there is more to reward than the basic salary – we incorporate any learning and development spend in there, for example. It’s a really good tool that helps them to see the broader picture.”

Get added value from reporting

Ciphr HR’s reporting functionality can help financial services firms make better, more timely and informed decisions. Report on all employee data held in our HR software and any linked systems and save time on manual data collation.

Ciphr’s gender pay gap reporting functionality also provides you with the reports you need to meet the UK government’s reporting requirements (mandatory for organisations with more than 250 employees).


Feel confident with GDPR compliance tools

Ciphr HR contains a number of tools to help you more easily comply with the requirements of the General Data Protection Regulation (GDPR).

With the data retention dashboard, you can define the data retention periods for staff and volunteers who leave your organisation and identify records that are approaching the end of their data-retention period and then take appropriate action (deletion, anonymisation, or request consent extension).

Under the GDPR, individuals have the right to submit subject access requests (SARs) to organisations to find out what data they hold about them. With Ciphr HR, you can choose to manually reactivate access to our offboarding module for an alumnus so they can securely view and download the personal data your organisation holds about them, in response to a SAR. Ciphr HR can also help you respond to SARs from current staff.


Prioritise learning and development

Help keep your employees up to speed with any changes in the financial markets using Ciphr LMS – a single, self-service platform for all your learning content.

You can help staff improve their knowledge and give them the skills they need to succeed while carrying out financial work online.

Easily incorporate a variety of useful eLearning courses from Marshall E-Learning, now part of Ciphr Group, into your LMS and ensure your employees are well-versed in everything from diversity and inclusion to compliance, health and safety, and more.

Why choose Ciphr LMS

What is the role of HR software for the financial services and banking sectors?

HR teams within the financial services and banking sectors have to ensure that staff are all equipped with the tools and knowledge they need to deal with constant changes, and Ciphr’s human resource management software can provide a helping hand. With HR software, organisations in the financial services sector can save time on administrative tasks and improve communication and efficiency across the entire organisation.

Find out more

Find out more

To discuss how Ciphr could help your organisation, call us now 01628 814242.
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    HR software for financial service firms FAQs

    Financial firms benefit from HR software automating processes like onboarding, performance, and absence management. Compliance support ensures adherence to laws and regulations. Robust analytics and reporting aid decision-making.

    Ciphr's HR software offers financial firms GDPR compliance, API integration, SMCR solutions and more, making it an excellent choice for the finance sector.