About the Role: ͏

Servaada, a Wipro UK entity is looking for a CASS Specialist with strong CASS knowledge, in particular CASS 6, 7 and 8. CASS represents a core value at the centre of the platform–administering and protecting the assets and monies of end customers of our client. CASS compliance is not a passively achieved goal,it takes the continuous review and improvement of our controls, considering market best practice and understanding–and applying CASS rules and subsequent changes.The role holder will be key in delivering both departmental and individual targets within appointed timescales and to the highest standards.Application of technical knowledge to the department’s operation and innovative, solution-based thinking will be a key aspect of the role.

This role will be required to work from our Bath office; 3 days a week.

Your Benefits:

As a CASS Specialist, you will receive a competitive salary, a generous benefits package and training & development in areas to help you improve.

Responsibilities:

• Support the design and implementation of a first line CASS oversight function within operations
• Support operations in delivering strategic goals for process improvement relating to CASS, including – scalability, efficiency, operational control/regulatory adherence, client experience, oversight
• Support the business on CASS technical query escalations
• Coach key individuals and lead CASS training sessions (ranging from induction to Board)
• Take a prominent role in the planning and liaison of both internal and external audits
• Preparation and delivery of CASS adherence reports/opinion to the Executive Team and the Board
• Liaise with and advise the relevant teams on their regulatory CASS activities such as reconciliations, cash management, deposit allocations
• Undertake trend analysis on breaches and near misses, providing guidance and suggesting process revision where appropriate
• Achieve and actively maintain skills and knowledge to adhere to the training and competence standards, undertake overseer activities as nominated
• Work closely with the 2nd line risk and compliance function in management changes to the CASS regulatory environment
• Complete weekly, monthly and annual review of CASS breach log and risk profiling, including reviews of CASS risk appetite and RAG ratings
• Provide CASS SME support as required to change programme and propositional change
• Produce and maintain CASS policies / frameworks as required.
• Conduct periodic rule mapping exercise to ensure our position remains relevant and up to date
• Ownership and maintenance of CASS Control Matrix, including monthly attestations and sample testing
• Feed into CMAR submission and any escalations arising
• Awareness of annual Unbreakable Term Deposit (UTD) liquidity levels and perform monthly monitoring
• Complete sign off for Minimum Trade Cycle (MTC) funding requirements 2 x daily
• Lead a small team of staff
• Undertake initial due diligence on new banking or custodial partners and complete ongoing annual due diligence reviews as required
• You will, from time to time, be required to undertake other activities that fall within your capabilities as directed by management

Skills:

Essential Skills

• Strong CASS knowledge, in particular CASS 6,7 and 8
• In depth financial services experience with strength in the understanding of a wrap platform
• Excellent attention to detail
• Strong interpersonal and communication skills
• Ownership and accountability
• Excellent drive with ability to work unsupervised under own initiative
• Ability to work well under pressure and to tight deadlines
• A proactive and innovative approach to problem solving, including persuasion and influencing skills
• PC literate, in particular MS Office Products

Desirable Skills:

• Degree education or equivalent or higher
• Experience in a similar CASS oversight role
• CASS CISI qualification, Investment Management Certificate (IMC), Operations Certificate (IOC) or equivalent industry recognised qualification

Join our team as a CASS Specialist and make a meaningful impact in the lives of our clients and beneficiaries. If you have a passion for CASS, a thorough understanding of investment services, and a desire to assist customers in their financial journey, we welcome you to apply and be part of our dedicated team. 

Application of Individual Conduct Rules:

Standard of conduct is reasonable under all circumstances relating to: 

• Must act with integrity
• Must act with due skill, care and diligence
• Must be open and cooperative with the FCA and other regulators
• Must pay due regard to the interests of customers and treat them fairly
• Must observe proper standards of market conduct

͏Equal Opportunities:

Servaada is committed to diversity, equality, and inclusion in the workplace. All applicants welcome.