At a Glance
- Tasks: Ensure compliance with CASS regulations and support daily reconciliations.
- Company: Join a fast-growing FinTech revolutionising payments in the travel industry.
- Benefits: Flexible working hours, hybrid options, and a supportive team environment.
- Other info: Opportunity for career growth in a dynamic and innovative company.
- Why this job: Be part of a mission to simplify payments and make a real impact.
- Qualifications: 2-5 years in regulatory compliance with strong analytical skills.
The predicted salary is between 40500 - 49500 £ per year.
Location: Bristol
Flexible Working: Open to flexible working arrangements, including reduced hours (minimum 30 hours per week spread over 5 days) and hybrid working patterns.
Mission: Pax2pay is a rapidly growing FinTech business on a mission to modernise and simplify payments for the Travel industry. Our customers are some of the biggest players in the Travel sector and our partners are key players in the FinTech world. Established in 2019, we are currently a growing team of 28, with the aim of becoming the number one choice for B2B payments within the UK and EEA.
History: Pax2pay has an award-winning digital payment solution, making travel payments easier, faster, and safer for the entire travel industry. We enable businesses to pay for their business costs via virtual cards and bank transfers — everything from hotel bookings to flights; travel transfers to tour bookings; utilities to SaaS subscriptions — whatever it is, we’ve got you covered. Pax2pay has settled billions of pounds worth of transactions, won numerous industry awards including 'Most Disruptive Payments Technology', and supported some of the largest and most successful players in the Travel Space.
Role: Pax2pay is seeking a diligent CASS professional. This role will report to the Head of Operations and is pivotal in ensuring the firm maintains robust regulatory compliance with the Safeguard/CASS 15, Electronic Money and Payment Services regulations. The role holder will work with a wide range of stakeholders from around the business to continuously assess and improve CASS controls, review breaches and act as CASS SME for new products and services and reconciliation queries.
Responsibilities:
- Safeguarding - CASS 15 Compliance (Client Money and Assets)
- Review and assess CASS Controls: Design, implement, and continuously monitor key operational controls to ensure full compliance with the CASS 15 rules
- Daily Reconciliations: Support Customer Operations with daily CASS reconciliations, ensuring accurate and timely identification and resolution of all breaks and discrepancies in line with regulatory requirements.
- CASS Governance: Support the maintenance of the firm’s CASS documentation, including the CASS Policy and Procedures ensuring they remain fit for purpose and reflect current regulatory expectations and business operations.
- Internal & External Reporting: Prepare accurate and timely internal CASS Management Information (MI) and external regulatory reporting where applicable.
- Support the Annual CASS Audit: Act as a key liaison with external auditors during the annual CASS audit. This includes coordinating the provision of required documentation, sample data, reconciliation records, procedure manuals, and addressing audit queries to ensure a smooth and timely sign-off.
- Resolution Pack Maintenance: Take responsibility for ongoing maintenance of the firm's Resolution Pack documentation as required by the regulator
- Due Diligence and Diversification: Support the business with initial and ongoing due diligence of safeguarding Institutions and other relevant third parties
- Operational Risk & Controls Risk Framework Maintenance: Assist in the ongoing development and embedding of the Operational Risk Framework, specifically identifying, documenting, and assessing risks and controls related to payment flows, technology, and third-party service providers.
- Operational Resilience: Support 1LOD operational resilience governance by tracking operational resilience metrics/MI and ensuring operational failure recovery plans align with CASS regulatory standards
- Breach Analysis and Reporting Root Cause Analysis (RCA): Perform thorough and meticulous Root Cause Analysis for all identified breaches, control failures, or operational incidents.
- Remediation Tracking: Monitor and track the implementation of remediation actions to ensure effective closure of all identified issues where there is a regulatory impact
Experience:
- Essential: 2 - 5 years proven experience in a Regulatory Compliance, Risk, or Operational Oversight role within a UK CASS regulated financial services firm
- Expert Knowledge: Solid working knowledge and practical application experience of the FCA CASS rulebook. Knowledge of other relevant EMI/payment regulations is a bonus
- Analytical Skills: Excellent analytical and problem-solving abilities, with a keen eye for detail and the capability to perform robust root cause analysis.
- Communication: Strong written and verbal communication skills, with the ability to clearly articulate complex regulatory issues to both technical and non-technical stakeholders.
- Organisational Skills: Highly organised, with the ability to manage multiple regulatory deadlines and priorities effectively
Regulatory Specialist (CASS) employer: Pax2Pay Ltd
Pax2pay is an exceptional employer, offering a dynamic work environment in the heart of Bristol, where innovation meets flexibility. With a strong commitment to employee growth and a culture that values collaboration, we provide opportunities for professional development while ensuring a healthy work-life balance through flexible working arrangements. Join us in revolutionising the travel payments landscape and be part of a passionate team dedicated to making a meaningful impact in the FinTech industry.
StudySmarter Expert Advice🤫
We think this is how you could land Regulatory Specialist (CASS)
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Pax2Pay Ltd. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Regulatory Specialist (CASS)
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Pax2Pay Ltd.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Pax2Pay Ltd's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Pax2Pay Ltd
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Pax2Pay Ltd.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Pax2Pay Ltd will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Pax2Pay Ltd employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
