SMCR

HR software and people-management solutions for financial services firms

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Ciphr HR

Ciphr HR

Employees 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 can:

  • 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

SMCR software for HR

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

SMCR software for HR

Senior manager's regime

Firms 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 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 manager's regime
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.”

Certification regime

Companies can:

  • Carry out background checks by integrating Ciphr Connect 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 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
Certification regime

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 and e-sign functionality.

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.

As firms are also expected to report breaches of the conduct rules, Ciphr HR can help via its case management and notification’s functionality – ensuring breaches are reported in required times.

Following conduct rules

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.

By using the total reward statement, you can help employees understand the true value of their benefits and provide employees with a clearer understanding of their total remuneration.

Total reward statements
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.”

Value through 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).

Value through reporting

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 personal data your organisation holds about them, in response to a SAR. Ciphr HR can also help you respond to SARs from current staff.

GDPR compliance tools

Learning and development

Help keep your employees up to speed with any changes in the financial markets by 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.

Learning and development

What is 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 resources 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.

What is HR software for financial services?
Find out more

Find out more

To discuss how Ciphr could help your organisation, call us now 01628 814242.
Or download a Ciphr brochure below to find out more:

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