CASS Reconciliations Lead
- Permanent
Job Title: CASS Reconciliations Lead
Location: London
Role Overview:
William Rose Associates are working alongside a well-known financial services institution which is looking for a CASS Reconciliations Lead to join them.
You will oversee all reconciliations conducted by the CASS Reconciliation team to ensure all client money & assets held by the business are accurately accounted for and safeguarded, ensuring the firms adherence to controls and the FCA CASS regulations. Approval of all reconciliations to ensure all have been conducted in line with internal policies and industry requirements. This includes the timely escalation and resolution of discrepancies to Operational teams.
Reporting directly into the Senior CASS Oversight Manager, the Lead Associate for the CASS Reconciliations team will be pivotal in ensuring that the firms remains compliant with CASS rules.
Responsibilities:
- Review and approval of all reconciliations conducted by the CASS Reconciliations Team, ensuring compliance with the FCA CASS regulations and adhering to internal policies.
- Ensuring all cash and asset reconciliation discrepancies are promptly investigated and resolved, and that reconciliation discrepancies have been allocated and reported in line with procedures.
- Ensure all cash and asset shortfalls are identified and correctly funded identified via the reconciliation process.
- Production of management information to internal committees and presentation of information where required.
- Manage all internal or external audit requests relating to CASS reconciliations.
- Ensure procedures are accurately maintained and where controls are changed, promptly updated.
- Manage the attestation process relating to CASS reconciliation controls, ensure any control failures are recorded accurately and where identified support the implementation of enhancements to these controls.
- Develop and deliver ongoing training to the business relating to discrepancy management and the reconciliations process.
- Proven experience leading a CASS reconciliations team.
- Strong knowledge of CASS regulations and how these apply to both CASS Reconciliations and Operations daily or monthly procedures.
- Exposure to automated reconciliation tools, Autorek is desirable.
- Evidenced ability to energise and align direct reports with the overall Company purpose, through clear direct management and guidance; and the building of high-performance team(s)
- Working knowledge of the regulatory frameworks and requirements that apply to the business, including the CASS rules when managing client’s money or assets
- Detail-oriented and organized, with the ability to work independently and meet deadlines.
- Excellent communicator; able to engage positively with colleagues at all levels and third parties.
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