Local Knowledge Global Resources Specialist Consultants

  • London
  • New York
  • Dubai
  • Hong Kong
  • Singapore

CASS Compliance Officer

Location: London, England, United Kingdom

Salary: neg

My client is an institutional and retail FX and Payments firm based in the city. They are looking for someone to cover their CASS regulatory responsibilities on both the e-money and payments (safeguarding) aswell as the options part of the business. The successful candidate should ideally have worked at a foreign exchange and payments service. The candidate doesn't have to be a CF10A at the moment but should be well versed in CASS. Currently CASS is covered by the finance team at this firm. The first responsibility of this role is to come in and take that over. The salary for this role is negotiable dependent on experience.

Investment Firm

- Ensure that the firm’s policy and procedures, systems, controls and oversight enable compliance with the CASS rules
- Undertake daily monitoring of client money operations and when necessary challenge exceptions to ensure appropriate action and if necessary remediation is taken where issues, breaches or potential breaches have been identified 
- Provide escalation and reporting of CASS issues to the Head of Compliance and Risk and Client Money Committee 
- Ensure the firm’s CASS manual and resolution pack remains complete and fit for purpose
- Ensure the Client Money and Asset Return (CMAR) are accurate and completed on a timely basis and comply with any new rules or guidance
- Lead the co-ordination of the annual CASS assurance review and audit
- Undertake thematic reviews at our service providers to ensure that their processes in relation to client money and assets comply with the CASS rules
- To develop an ongoing training programme for the business on CASS compliance
- Produce monthly oversight reports to the Client Money Committee
- Maintenance of controls over the opening, closing and amendments to bank accounts and complete an annual review of Acknowledgement letters and due diligence of the banks where those accounts are held
- Responsible for the enhancement and refinement of existing procedures/practices and processes

Payment Institution

- Ensure that the firm’s policy and procedures, systems, controls and oversight enable compliance with the safeguarding obligations under the Payment Services Regulations
- Undertake daily monitoring of relevant funds operations and when necessary challenge exceptions to ensure appropriate action and if necessary remediation is taken where issues, breaches or potential breaches have been identified 
- Provide escalation and reporting of safeguarding issues to the Head of Compliance and Risk and Client Money Committee 
- Undertake thematic reviews at our service providers to ensure that their processes in relation to relevant funds comply with the Payment Services Regulations
- To develop an ongoing training programme for the business on safeguarding compliance 
- Produce monthly oversight reports to the Client Money Committee
- Maintenance of controls over the opening, closing and amendments to bank accounts and complete an annual review of Acknowledgement letters and due diligence of the banks where those accounts are held
- Responsible for the enhancement and refinement of existing procedures/practices and processes

E-money Institution

- Ensure that the firm’s policy and procedures, systems, controls and oversight enable compliance with the safeguarding obligations under the Electronic Money Regulations
- Undertake daily monitoring of relevant funds operations and when necessary challenge exceptions to ensure appropriate action and if necessary remediation is taken where issues, breaches or potential breaches have been identified 
- Provide escalation and reporting of safeguarding issues to the Head of Compliance and Risk and Client Money Committee 
- Undertake thematic reviews at our service providers to ensure that their processes in relation to relevant funds comply with the Electronic Money Regulations
- To develop an ongoing training programme for the business on safeguarding compliance 
- Produce monthly oversight reports to the Client Money Committee
- Maintenance of controls over the opening, closing and amendments to bank accounts and complete an annual review of Acknowledgement letters and due diligence of the banks where those accounts are held
- Responsible for the enhancement and refinement of existing procedures/practices and processes