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- Tasks: Lead the safeguarding team and implement new controls for client money protection.
- Company: Join OpenPayd, a top global payments platform revolutionizing banking for businesses.
- Benefits: Enjoy a £3000 training budget, gym discounts, flexible remote work, and 25 days annual leave.
- Why this job: Be part of a mission-driven company focused on growth and compliance in the digital economy.
- Qualifications: 5+ years in finance or regulatory roles with strong CASS knowledge and communication skills.
- Other info: Hybrid work model: 3 days in-office, 2 days remote; early Friday finishes at 4pm.
The predicted salary is between 72000 - 108000 £ per year.
Who are we?
OpenPayd is a leading global payments and banking-as-a-service platform for the digital economy. Through its API-driven technology, businesses can embed financial services into their products and create the seamless user experiences needed to drive business growth.
OpenPayd’s platform removes the need to contract with multiple providers for different services and across different markets. Instead, businesses can access accounts, FX, international and domestic payments, and Open Banking services globally via a single API integration. OpenPayd is committed to providing businesses with a fully compliant solution across all markets, leaving your business to focus on growth.
Our Mission
Our mission is to ‘To open up banking and payments for business globally, through a modular platform’. We believe that all businesses regardless of their scale or industry should be able to leverage the best payment and banking services. We believe in providing our services through a simple, flexible, and scalable platform.
About the role:
We are looking for a proactive and experienced CASS professional to join the Group in this new position that has been created as we build the team to support both strong business growth and evolving regulatory demands. Our customers depend on OpenPayd to protect their money, via safeguarding, as we provide them a range of payment solutions.
How will you add value to the OpenPayd journey?
- Work across the Group to implement and embed the new controls and processes required under the FCA’s proposed safeguarding rules as outlined in FCA CP24/20
- Oversight and management of the new safeguarding team within the Group and introduction of CASS best practice to the Group
- Be the link between the Group and Deloitte, our external safeguarding auditors
- Ensure our control framework is designed and operating effectively, maintaining the key focus on protection of client monies
- Remediating key audit / self-identified findings.
- Documenting existing risks and mitigating controls and implementation of new controls for any gaps identified
- Stakeholder reporting – build out the CASS governance framework in the Group, overview of all related reporting to the FCA and providing periodic updates to risk committees
The ideal candidate will have the following:
- Extensive experience with CASS and related safeguarding regulatory obligations
- Experience with external audits (Safeguarding, CASS or financial)
- Understanding of e-money payment services is useful but not essential
- Strong written and verbal communication
- Ability to own issue remediation through to completion and experience of managing change and implementing new cross-functional processes
- Financial Qualification (e.g. ACA, CIMA, ACCA or other relevant regulatory/risk qualification)
- At least 5 years PQE experience in either treasury, finance, regulatory or risk related roles and functions
- Strong understanding of protection/custodianship of customer assets and related regulatory frameworks (e.g. CASS, banking or EMI/PI Safeguarding)
- Strong communication and influencing skills with an ability to build and leverage cross-functional relationships internally and externally
- Good understanding of treasury concepts within financial services firms such as reconciliations, cash management and FX etc including associated risks and controls
- Experience of line management and of supporting career development
- Forward-thinking and adaptable
Our Perks and Benefits
- Personal training budget – £3000
- Cycle to Work scheme
- Discounted gym membership – £80 towards any gym
- Corporate discounts via PerkBox
- Travel loan
- Company Pension plan
- Health, Dental & Life Insurance
- Early Friday finish – 4pm
- Flexible Summer Remote Policy
- 25 days annual leave plus the Bank Holidays, an extra day off for Birthday & Social Volunteering, extended leave for 3 years plus employees
- Hybrid work model – 3 days in the office 2 days working from home
We’d like you to take a read of our Talent Acquisition Privacy Notice which explains how we collect and process your personal data. Please read our notice carefully. By submitting the application button, we will consider that you aware of it.
We are looking forward to receiving your CV.
OpenPayd Talent Team
To all recruitment agencies: OpenPayd does not accept speculative agency resumes. Please do not forward resumes to our jobs alias, OpenPayd employees or any other company location. OpenPayd is not responsible for any fees related to unsolicited resumes. OpenPayd will only accept CV’s from the partners with relevant agreement via the People and Talent team only.
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Head of CASS and Safeguarding employer: OpenPayd Services Ltd
Contact Detail:
OpenPayd Services Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of CASS and Safeguarding
✨Tip Number 1
Familiarize yourself with the FCA’s proposed safeguarding rules, especially those outlined in FCA CP24/20. Understanding these regulations will not only help you in interviews but also demonstrate your proactive approach to compliance.
✨Tip Number 2
Network with professionals in the CASS and safeguarding space, particularly those who have experience with external audits. This can provide you with insights into best practices and may even lead to referrals or recommendations.
✨Tip Number 3
Prepare to discuss your experience with issue remediation and managing change. Be ready to share specific examples of how you've implemented new processes in previous roles, as this is a key aspect of the position.
✨Tip Number 4
Highlight your ability to build cross-functional relationships. Think of instances where you've successfully collaborated with different teams, as this will be crucial for the role at OpenPayd.
We think you need these skills to ace Head of CASS and Safeguarding
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Head of CASS and Safeguarding position. Tailor your application to highlight your relevant experience in CASS and safeguarding regulatory obligations.
Highlight Relevant Experience: In your CV and cover letter, emphasize your extensive experience with CASS, external audits, and any financial qualifications you hold. Use specific examples to demonstrate your ability to manage change and implement new processes.
Showcase Communication Skills: Since strong written and verbal communication skills are essential for this role, ensure that your application is clear, concise, and free of errors. Highlight instances where you've successfully influenced stakeholders or built cross-functional relationships.
Align with Company Values: Research OpenPayd's mission and values, and reflect them in your application. Show how your proactive approach and forward-thinking mindset align with their commitment to providing compliant solutions and supporting business growth.
How to prepare for a job interview at OpenPayd Services Ltd
✨Understand CASS and Safeguarding Regulations
Make sure you have a solid grasp of the CASS regulations and safeguarding obligations. Be prepared to discuss how your experience aligns with these requirements and how you can implement best practices within OpenPayd.
✨Showcase Your Audit Experience
Highlight your experience with external audits, particularly in safeguarding and CASS. Be ready to provide examples of how you've successfully managed audit findings and implemented changes in previous roles.
✨Demonstrate Strong Communication Skills
Since this role involves liaising with various stakeholders, emphasize your communication and influencing skills. Prepare to discuss how you've built cross-functional relationships in the past and how you plan to do so at OpenPayd.
✨Prepare for Change Management Questions
Expect questions about your experience in managing change and implementing new processes. Think of specific instances where you've led initiatives that improved compliance or operational efficiency, and be ready to share those stories.
