Manager – Client Money recruitment
Your responsibilities will be:
• Maintenance of policies and procedures in relation to Client Assets and Client Money
• Have an awareness of all procedures in the US and UK relating to Client Assets and Client Money
• Review and assess the impact of all internal and external initiatives/changes on Client Assets and Client Money and, where appropriate, work with line manager and Compliance to recommend appropriate and pragmatic solutions
• To advise all parties concerned including in the US of any required changes and ensure action taken in good time to implement
Oversight
• Implement and maintain the oversight control programme to ensure adherence to regulatory and corporate requirements. To include vendor certifications, production of reports, spot checking, the creation and administering of routine auditing (observation, inspection and enquiry) and the agreement and monitoring of action plans to remedy identified issues
• Ensure all work is carried out in a correct/timely manner and that appropriate key controls / oversight / MI are in place and evidenced. To include Client Assets and Client Money Reconciliations
• Validation of source data, in particular for Client Assets and Client Money Reconciliations
• Communicating the firm’s requirements to colleagues within the wider group
• Maintenance of trust letters and due diligence records for Client Money Banks
• Preparation of MI and reporting
Client Asset Committee
• Secretary of Client Asset Committee (including Heads of Operations and Compliance). Ensure that issues are formally raised, managed and appropriately actioned and documented.
CF10a Oversight Program
• Provide support to the CF10a
• Expediently communicate all issues arising
Incident and Breach Management
• To address and remediate Client Assets and Client Money related Incidents and Breaches in accordance with the firm’s procedures
• To ensure and create a culture of openness and transparency
• To appropriately escalate issues to senior management
• To maintain and proactively use and review appropriate documentation
• Creation of appropriate MI
Teamwork
• The team is small and there will be a need to receive support from and provide support to others
Essential Skills/Experience
• Financial Services experience
• Experience of performing or overseeing reconciliations (ideally in an Operations team)
• Solid understanding of the importance of regulatory compliance
• Awareness of the general principles concerning the safeguarding of Client Money and Client Assets
• Communication – Able to demonstrate a very high level of both written and verbal communication skills including the sound interpretation of complex information
• Comprehensive MS Excel - spreadsheet creation and manipulation
• Strong commitment to service quality
Essential Personal Attributes
• High level of attention to detail
• Ability to build relationships and listen to others
• Initiative – can demonstrate new thought and proactively influence events
• Problem solver
• Analytical
• Reliable
• Persistent
• Adaptability – Maintain effectiveness in changing environments and responsibilities
Desirable Skills:
• A background in the securities industry with a good understanding of Broker Dealer activities
• Experience in assessment, development and implementation of regulatory change in an operational environment
• Working knowledge of equities and derivatives processing and the related Client Asset and Client Money requirements
• Ability to review and analyse processes and recommend efficiencies where appropriate
• A knowledge of TCF principles
• Experience and understanding of Outsourced working environment preferable
• Experience of monitoring and controlling 3rd parties in outsourced arrangements
• Familiarity with Microsoft Access
Key Measures of Success/ Performance:
• Clean audits – internal external and regulatory
• Minimal Client Asset and Client Money related breaches
• Any issues promptly identified and appropriately escalated and addressed
• Keeps up to date and complies with all necessary regulatory and legal practices, policies and processes in order to carry out the above responsibilities.
• Takes ownership of maintaining and improving self-development with skills, knowledge and expertise in order to carry out responsibilities of the role effectively
• Maintains utmost professionalism in the role and ensures all actions are sound and ethical.
• Ensures that all actions and outputs for the role are aimed at treating customers fairly
In the first instance please forward your details in confidence to : carole.kouzos@chasecooper.com