A compliance monitoring programme is one of the FCA’s clearest expectations. Running one that is properly evidenced, consistently executed and easy to report on is where the challenge lies.
What It Does
Managing a monitoring programme across spreadsheets and email works up to a point. As the volume of tasks, findings and remediation actions grows, the administrative overhead of maintaining a coherent programme, and producing a clear picture of it for a Board or regulator, becomes the problem in itself. My Compliance Centre’s Compliance Monitoring module gives compliance teams the infrastructure to build, deploy and manage their programme in one structured, evidenced system. You define the framework. The platform automatically manages the execution, captures findings and tracks remediation through to closure.
Key Capabilities
Build and deploy a monitoring programme reflecting your specific regulatory obligations and firm profile
Assign tasks with automated reminders and deadline tracking
Record findings consistently with severity rating and categorisation
Assign remediation actions directly from findings, with ownership and progress tracked to closure
Management information dashboards – programme status, completion rates, open findings at a glance
Board-ready reporting without manual assembly
Complete audit trail maintained automatically. Every task, finding and action timestamped
What This Means in Practice
When your Board asks for a compliance monitoring update, the information is ready. When the FCA visits, you can demonstrate a functioning, evidenced programme without a week of preparation. Your monitoring framework runs consistently – not dependent on individual effort and memory.
Frequently Asked Questions
A compliance monitoring programme works best when it is structured, consistently executed and easy to evidence. You define the monitoring activities that reflect your firm’s obligations and risks – wherever you want a structured way to check that a control is working as intended to manage a particular risk – and run them on a platform that records findings, tracks remediation and produces management information. On My Compliance Centre the programme is yours and the platform gives you the infrastructure to run and evidence it. It is built for compliance monitoring specifically, rather than as a general risk system.
Findings are recorded against each monitoring task with a severity rating and category, so they can be sorted, reported on and prioritised. Remediation actions are raised directly from a finding, assigned to a named owner with a deadline and tracked through to closure. Every step is timestamped, so you always have a complete record of what was found, who is dealing with it and whether it is resolved.
A compliance monitoring system should give you a live picture of the programme – completion rates, tasks outstanding, open findings by severity, and remediation actions on track or overdue. On My Compliance Centre this is available on screen at any time so you can show the status of your monitoring programme whenever your senior management, Board or the FCA asks.
My Compliance Centre gives you the structure to build a monitoring programme and the infrastructure to run it. You define the activities that reflect your firm’s risks and obligations – monitoring has to reflect your specific business – and the platform turns that into a working programme: scheduling activities, assigning ownership, recording findings, tracking remediation to closure, and producing the management information. Our team supports you through setup, so a firm coming from spreadsheets, gets help reaching a structured, evidenced programme quickly rather than being left with a blank system.
Most firms have a working monitoring programme running within days, depending on how well defined their existing programme is. If you already know the activities you want to run, configuring them is quick. If you are starting from a less structured position, the platform gives you the framework to build one and our team supports you through setup.
Let us show you how My Compliance Centre can make a difference to your risk and compliance management
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