At a Glance
- Tasks: Conduct reconciliations and ensure compliance with FCA regulations while enhancing reporting capabilities.
- Company: Join a leading financial services firm focused on client asset protection.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Opportunity for career growth and involvement in cross-functional projects.
- Why this job: Make a real impact in financial compliance and improve operational efficiency.
- Qualifications: 2-3 years of reconciliations experience and strong Excel skills required.
The predicted salary is between 45000 - 55000 £ per year.
The Reconciliations Analyst is responsible for providing effective reconciliations and custody control support, ensuring the accurate and timely completion of daily and periodic client money and custody asset reconciliations. The role is responsible for overseeing assets held and client money held in the firm’s bank accounts and outsourced client arrangements, ensuring compliance with FCA CASS 6 and CASS 7 requirements, internal policies and industry best practice. The role requires the investigation, escalation and resolution of reconciliation breaks and CASS operational issues, maintaining robust records to support regulatory reporting, management information, governance, and audit requirements. The Reconciliations Analyst will also support the ongoing development of systems, controls and processes to enhance reporting capabilities, strengthen the control environment, improve process efficiency and support business change initiatives impacting Reconciliations and Custody Control activities.
Key responsibilities
- Conduct internal and external client asset and client money reconciliations in accordance with FCA CASS 6 and CASS 7 requirements and internal policies.
- Produce daily and periodic client money and custody asset reconciliations accurately and within prescribed deadlines.
- Ensure all daily Client Money Reconciliations are completed accurately and on time, maintaining ongoing compliance with FCA CASS requirements.
- Ensure asset shortfalls are identified, investigated and funded within required timeframes.
- Monitor the allocation of client money and ensure funds are allocated within FCA prescribed timelines.
- Monitor client money balances and diversification requirements, processing transfers where necessary to maintain compliance with internal policies.
- Investigate, resolve and escalate reconciliation breaks, discrepancies and CASS operational issues in accordance with established procedures and escalation frameworks.
- Maintain robust, complete and auditable records supporting reconciliations, regulatory reporting and governance requirements.
- Perform oversight and control activities relating to custody assets and client money safeguarding arrangements.
Regulatory reporting, governance & audit
- Support compliance with FCA CASS 6 and CASS 7 obligations and internal control requirements.
- Collate information required for the preparation and submission of the Client Money and Assets Return (CMAR).
- Produce management information (MI) relating to cash and asset reconciliations, reconciliation breaks, ageing items and key control metrics.
- Support internal audits, external audits and the annual CASS audit by providing evidence, analysis and reconciliations documentation.
- Ensure procedures, process documentation and control records remain accurate, up to date and aligned with regulatory requirements.
- Support the ongoing development and enhancement of internal systems used for reconciliations, reporting and custody control activities.
- Participate in User Acceptance Testing (UAT) and system testing relating to reconciliation processes, regulatory requirements and operational change initiatives.
- Support cross-functional business projects, assessing and implementing changes impacting reconciliations, custody control and CASS processes.
- Identify opportunities to strengthen controls, improve reporting quality, automate manual processes and increase operational efficiency.
- Contribute to continuous improvement initiatives designed to enhance the overall control environment and client asset protection framework.
The Candidate
- 2-3 years reconciliations experience – Cash Reconciliations or Asset Reconciliations within a financial services environment.
- Experience gained within wealth management, investment management, brokerage, platform operations or Financial Services Operations.
- CASS 6 & 7 knowledge.
- Experience investigating and resolving reconciliation breaks and exceptions.
- Experience producing management information and supporting audit and regulatory reporting requirements.
- Competent in all MS Office products - especially Excel.
- Intermediate Excel skills (e.g., pivot tables, lookups) to support investigation, reporting and MI production.
- Ability to work accurately under pressure and meet regulatory deadlines.
- Strong organisational & prioritisation skills.
- Excellent communication and stakeholder management abilities.
- Proactive approach to issue identification and resolution.
- Continuous improvement mindset with a focus on process enhancement, control effectiveness and operational efficiency.
- Ability to work independently while contributing effectively within a team environment.
Senior CASS Analyst employer: Anonymous
As a Senior CASS Analyst, you will thrive in a dynamic and supportive work environment that prioritises compliance and operational excellence. Our company fosters a culture of continuous improvement, offering ample opportunities for professional growth and development while ensuring a collaborative atmosphere where your contributions are valued. Located in a vibrant financial hub, we provide competitive benefits and a commitment to employee well-being, making us an exceptional employer for those seeking meaningful and rewarding careers in the financial services sector.
StudySmarter Expert Advice🤫
We think this is how you could land Senior CASS Analyst
✨Tip Number 1
Network like a pro! Reach out to your connections in the financial services sector, especially those who have experience with CASS regulations. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of FCA CASS 6 and 7 requirements. We want you to be able to discuss how you've tackled reconciliation breaks or improved processes in past roles. Show them you're the expert they need!
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values and career goals. Use our website to find roles that excite you and match your skills. Tailor your approach to each company to stand out from the crowd!
✨Tip Number 4
Follow up after interviews! A quick thank-you email can keep you top of mind. Mention something specific from your conversation to show your genuine interest in the role and the company. It’s a small touch that can make a big difference!
We think you need these skills to ace Senior CASS Analyst
Some tips for your application 🫡
Tailor Your CV:Make sure your CV speaks directly to the role of Senior CASS Analyst. Highlight your experience with reconciliations, especially in relation to FCA CASS 6 and CASS 7. We want to see how your skills match what we're looking for!
Showcase Your Experience:In your cover letter, give us a sneak peek into your past experiences with cash or asset reconciliations. Share specific examples where you’ve resolved reconciliation breaks or improved processes. This helps us see your problem-solving skills in action!
Be Clear and Concise:When writing your application, keep it clear and to the point. Use bullet points for key achievements and make sure your language is professional yet approachable. We appreciate straightforward communication!
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at Anonymous
✨Know Your CASS Inside Out
Make sure you brush up on FCA CASS 6 and CASS 7 requirements. Be ready to discuss how these regulations impact reconciliations and custody control. Showing that you understand the compliance landscape will impress your interviewers.
✨Showcase Your Reconciliation Skills
Prepare examples from your past experience where you've successfully resolved reconciliation breaks or discrepancies. Highlight your problem-solving skills and how you maintained accurate records, as this is crucial for the role.
✨Excel at Excel
Since the job requires intermediate Excel skills, be prepared to demonstrate your proficiency. Brush up on pivot tables and lookups, and think of scenarios where you've used these tools to enhance reporting or streamline processes.
✨Communicate Effectively
Strong communication skills are key in this role. Practice articulating your thoughts clearly and concisely. Be ready to discuss how you've managed stakeholder relationships and collaborated with teams to achieve common goals.
