Page 45 - 86395_CCB - 2024 Annual Report (web)

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Compliance with the Senior
Managers Regime

The Prudential Regulatory Authority (PRA)
defines a set of Prescribed Responsibilities
and Overall Responsibilities, which
must be allocated to a senior manager
performing a Senior Management
Function. The following tables show the
composition of the Bank’s Board, the
Management Organisation and the PRA
defined Senior Management Functions
allocated across the Bank. The table below
shows those individuals covered by the
Senior Management Function regime and
the Bank’s governance structure as of
1 January 2025.

Function Description Role Person

1 & 3 Chief Executive Function and Executive Director CEO Donald Kerr
2 & 3 Chief Finance Function and Executive Director CFO Richard Hanrahan

4 & 3 Chief Risk Function and Executive Director CRO Mike Hudson
6 Head of Key Business Area CLO David Monks

6 Head of Key Business Area CCO Sarah Barker

9 Chair of Board Chair Patrick Newberry
10 Chair of Risk & Compliance Committee Independent NED Elizabeth Lockwood

11 Chair of Audit Committee Independent NED Mike Peck

12 Chair of Performance Committee and Remuneration Independent NED Caroline Fawcett
13 Chair of Nomination and Governance Committee Chair Patrick Newberry

14 Senior Independent Director (SID) Independent NED Caroline Fawcett
16 Compliance Oversight Head of Compliance Elizabeth Mullins
& MLRO

17 Money Laundering reporting function Head of Compliance Elizabeth Mullins
& MLRO

18 Other overall responsibility function CPO Lynsey Harrell
18 Other overall responsibility function CTO David Holton

24 Chief Operations Function COO Tina Hayton‑Banks

NB: Senior Management Functions 7 – 8, 15, 19 – 23 and 25 – 27 stipulated by the FCA and PRA do not currently apply to the Bank’s operating model, or the Bank is not of a
size to meet the requirement to have the function. The Bank’s Internal Audit is outsourced to Deloitte LLP and therefore SMF 5 is not applicable.