Managing Director, Duff & Phelps
Mark is a Managing Director within Duff & Phelps’ Regulatory Consulting practice, specialising in risk management, control, governance and accountability within the financial services sector.
He has over 20 years of experience working in the financial services industry, in professional services and regulation.
Mark has advised financial services firms on regulatory matters since 2013, prior to which he was a Senior Risk Specialist at the PRA and FSA, working within the Risk Specialists Division. During his time as a regulator, Mark reviewed the control infrastructure at several leading international insurers and banking groups. Before joining the FSA, Mark had a career within investment banking for over eight years and spent six years as an entrepreneur in the retail sector.
Mark has become one of the UK industry’s leading advisors on individual accountability and the Senior Managers and Certification Regime (SMCR), having advised some of the largest banks, insurers, brokers and other financial services firms on both implementation and the ongoing expectations of Senior Managers and individuals subject to the Certification Regime.
Advising a number of major financial banking institutions on SMCR implementation, including leading the implementation working with the Compliance function at one of the UK’s largest banks.
Advising one of the UK’s largest insurers on their compliance with the requirements of the Senior Insurance Managers Regime
(SIMR), including a review of Statements of Responsibilities and the Governance Map.
Designing a risk management framework, policy framework, governance arrangements, Compliance structure, three lines of defence model and policy and process implementation at a large financial services firm.
Leading a review of front to back controls at a European investment bank, following accounting irregularities and regulatory challenge. Recommending control improvements, and advising management of regulatory expectations and industry best practice.
Reviewing the governance, risk, compliance and control arrangements at a major general insurer, providing a report with findings and recommendations for improvements.
As a regulator, following a high profile rogue trading incident, reviewing the control infrastructure at a large European investment bank, advising the Supervision team on remediation actions; supported the FSA enforcement team in formal enforcement interviews with senior management.
Fellow of the Institute of Chartered Accountants (FCA)
BSc (Hons), First Class, Mathematics, Imperial College