Insurance Broking Client Money Specialist (CASS 5)

Overview

Insurance Broking Client Money Specialist (CASS 5) — London OR Ipswich – Hybrid working • 12 month FTC • Start ASAP

Responsibilities

• Lead the design and implementation of a governance and controls framework over regulatory finance processes across multiple jurisdictions (under CASS 5).
• Create and establish a cross functional client money governance forum, to provide support and guidance over client money matters.
• Take an active role in the completion of finance regulatory activities, including client money calculations and regulatory reporting returns.
• Implement a capital adequacy policy and oversee the assessment, including stress testing and scenario modelling for regulated entities.
• Ensure the firm’s operations comply with CASS rules, maintaining accurate records and implementing effective controls.
• Develop, implement, and review CASS 5 policies and procedures, ensuring they are robust, up-to-date and efficient with current regulations.
• Conduct regular compliance monitoring and prepare comprehensive reports for the FD, CFO and regulatory bodies.
• Act as a SME in CASS 5 and provide training and guidance to finance, audit teams and wider on CASS compliance.
• Identify, assess, and mitigate risks related to client assets, ensuring all potential issues are promptly addressed.
• Be the main point of contact for internal and external auditors during CASS audits, ensuring all findings are addressed and rectified.

Qualifications

• Proven experience in a CASS 5 compliance role within the insurance industry.
• In-depth knowledge of the FCA’s CASS 5 regulations and related compliance.
• Experience supporting on audit processes in complicated organisations.

Employment details

• Seniority level: Mid-Senior level
• Employment type: Contract
• Job function: Accounting/Auditing
• Industries: Insurance Agencies and Brokerages

For more information, apply now or contact Chloe Williams at chloe.williams@jss-fs.com.