At a Glance
- Tasks: Lead CASS governance, risk management, and regulatory reporting for a top financial institution.
- Company: Join Northern Trust, a Fortune 500 company with over 130 years of experience.
- Benefits: Flexible work culture, career growth opportunities, and commitment to community service.
- Other info: Inclusive workplace with a focus on innovation and collaboration.
- Why this job: Make a real impact in financial services while working with senior stakeholders.
- Qualifications: Deep expertise in CASS and several years in financial services required.
The predicted salary is between 70000 - 90000 £ per year.
About Northern Trust: Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889. Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity.
Key responsibilities
- CASS Governance & Oversight
- Design, maintain, and enhance the firm‐wide CASS governance and oversight framework.
- Maintain and enhance the CASS Risk and Controls Matrix (RCM).
- Provide clear, concise CASS risk, compliance, and control reporting to senior management and governance committees.
- Regulatory Liaison & Reporting
- Act as a senior point of contact with the FCA on CASS matters, supporting regulatory engagement, reviews, and information requests.
- Oversee the preparation and quality assurance of the Client Money and Assets Return (CMAR).
- Lead the annual CASS audit process, including engagement with auditors and coordination of remediation activity.
- Technical & Advisory Leadership
- Provide expert advice and challenge to senior stakeholders on complex or judgement‐based CASS matters.
- Assess the CASS impact of new products, business initiatives, outsourcing arrangements, and operating model changes.
- Translate regulatory developments and FCA expectations into practical, business‐focused actions.
- Operational Oversight
- Oversee the effectiveness of controls supporting CASS 6 (custody), CASS 7 (client money), CASS 8 (mandates), and CASS Resolution Pack requirements.
- Ensure strong governance over reconciliations, segregation, record‐keeping, and insolvency preparedness.
- Challenge first‐line execution and ensure issues are identified, escalated, and resolved.
- Breach & Incident Management
- Lead or oversee investigations into CASS breaches and near‐misses.
- Ensure timely escalation, regulatory input where required, robust root‐cause analysis, and sustainable remediation.
- Perform trend analysis to drive continuous improvement of the CASS control environment.
- Senior Management Support & Accountability
- Support the SMF holders with Prescribed Responsibility for CASS by providing high‐quality MI, analysis, assurance, and effective challenge.
- Contribute to evidencing “reasonable steps” through strong governance, documentation, and oversight activities.
Skills & Experience
- Deep, practical expertise in CASS, particularly CASS 1A, CASS 6, CASS 7, and CASS 8.
- Several years’ experience in financial services, with significant experience in CASS oversight, compliance, audit, or regulatory roles.
- Proven ability to influence senior stakeholders.
- Strong stakeholder management skills across Operations, Finance, Technology, Legal, Internal Audit, auditors, and regulators.
- Strong regulatory judgement and integrity.
- Detail‐focused with the ability to maintain a strategic, firm‐wide perspective.
- Strong communication skills, verbal and written.
- Calm, authoritative, and credible under regulatory scrutiny.
Working with Us: As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.
We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us and apply today.
Reasonable accommodation
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com.
We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people. Apply today and talk to us about your flexible working requirements and together we can achieve greater.
Senior CASS Governance & Risk Lead employer: Northern Trust Corp
Northern Trust is an exceptional employer, offering a dynamic and inclusive work culture in the heart of London. With a commitment to employee growth and development, you will have access to senior leaders and opportunities for movement within the organisation, all while contributing to a company that prioritises community support and innovative financial solutions. Join us to be part of a collaborative team where your expertise in CASS governance and risk can truly make a difference.
StudySmarter Expert Advice🤫
We think this is how you could land Senior CASS Governance & Risk Lead
✨Tip Number 1
Network like a pro! Reach out to your connections in the financial services sector, especially those who have experience with CASS. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your CASS knowledge. Be ready to discuss specific regulations and how you've tackled challenges in previous roles. Show them you’re not just familiar with the terms but can apply them effectively.
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, drop a quick thank-you email to express your appreciation and reiterate your interest in the role. It keeps you fresh in their minds!
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re genuinely interested in being part of our team at Northern Trust. Let’s make it happen!
We think you need these skills to ace Senior CASS Governance & Risk Lead
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter to highlight your experience in CASS governance and risk. We want to see how your skills align with the key responsibilities mentioned in the job description.
Showcase Your Expertise:Don’t hold back on showcasing your deep knowledge of CASS, especially CASS 1A, 6, 7, and 8. We’re looking for someone who can demonstrate their practical expertise and how it can benefit our team.
Be Clear and Concise:When writing your application, keep it clear and to the point. Use straightforward language to explain your achievements and experiences. We appreciate clarity, especially when it comes to complex topics like CASS.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you don’t miss any important updates about the role. Let’s get started on this journey together!
How to prepare for a job interview at Northern Trust Corp
✨Know Your CASS Inside Out
Make sure you have a solid understanding of CASS regulations, especially CASS 1A, 6, 7, and 8. Brush up on the latest FCA guidelines and be ready to discuss how they impact governance and risk management in financial services.
✨Prepare Real-World Examples
Think of specific instances where you've successfully managed CASS compliance or oversight. Be ready to share these examples during your interview to demonstrate your expertise and problem-solving skills.
✨Engage with Stakeholders
Show that you can effectively communicate and influence senior stakeholders. Prepare to discuss how you've navigated complex stakeholder relationships in the past and how you would approach them in this role.
✨Stay Calm Under Pressure
Given the regulatory scrutiny involved in this role, practice staying calm and authoritative when discussing challenging scenarios. This will help convey your credibility and ability to handle high-pressure situations.
