CASS & Reconciliations Associate

OVERALL SUMMARY

To oversee all assets held in the nominee account and all client cash held in the WBS bank accounts or the accounts of outsource clients are reconciled to third party records and that WBS comply with regulators and industry best practice in this area.

RESPONSIBILITIES

• Conduct internal and external client assets and client money reconciliations in accordance with internal policies and CASS 6 and 7 requirements.
• Ensure that asset shortfall are identified and correctly funded
• Monitor the allocation of client money to ensure it is allocated within the time frame specified in CASS 7 and escalate and issues in line with the CASS Policy.
• Monitor client money balances to ensure that the diversification of client money is maintained and process any account transfers required to ensure adherence to polices.
• Ensuring that all cash and asset reconciliation breaks are investigated escalated or resolved in accordance to the CASS policy.
• Ensure all daily Client Money Reconciliations are completed accurately and on time maintaining ongoing compliance with FCA CASS 7 obligations.
• Collate information required for the production of the CMAR submission to the FCA.
• Production of Management Information (MI) on the cash and asset reconciliations.
• Performance of any user acceptance testing or other system testing that is required relating to CASS reconciliation activities.
• Ensuring that the procedures for this function are maintained accurate and are followed.
• Provided support to the annual CASS Audit.
• Deal with queries in a timely fashion relating to team actives from outsource clients.
• Collate information required for the production of the CMAR submission for outsource clients.

WE WOULD LOVE TO HEAR FROM YOU IF:

• Strong proficiency with Microsoft Office applications particularly Excel and Word
• Experience using reconciliation systems (e.g. AutoRek or similar platforms)
• Working knowledge of FCA CASS requirements and principles

Benefits

• Competitive salary inclusive of discretionary annual bonus & annual pay review
• Work Abroad Policy for up to 15 days per year
• 25 days holiday plus bank holidays and additional well-being day
• Option to purchase an additional 5 days holiday per year
• Flexible working options available including hybrid working
• Pension scheme up to 10% employer contribution
• Sharesave scheme
• Income Protection & Life insurance (4 x salary core level of cover)
• Private health care via BUPA
• Employee Assistance Programme
• Discounted Gym Membership
• Variety of travel to work schemes

At Close Brothers we look to recruit individuals from all different backgrounds and encourage you to apply even if you dont tick every box. We celebrate diversity promote inclusivity and are open to discuss flexible work options to help you balance your work and home life.

We appreciate that from time to time recruitment agencies will have speculative CVs that they may wish to submit to our Talent Acquisition team in relation to a specific role.

To avoid any ambiguity around fees please note thatspeculative CVs received by Close Brothers that have not been authorised in advance by us will be ineligible for an agency fee. Thank you.

Winterflood Business Services (WBS) is a business to business (B2B) platform provider whose award-winning service has seen us grow to over 15bn AUA with an expanding client highly skilled and experienced team is dedicated to providing the standards our clients rightly demand.

Our aim is to help solve client problems and ease their regulatory and administrative burden with secure integrated and bespoke end-to-end solutions to achieve their investment objectives. Execution quality and excellent service are at the core of our business all set out in our service level agreements for full transparency.

The WBS service is provided through our EOS platform which is a proprietary system developed by our in-house development team. EOS is built using the latest technologies and is based on micro-service architecture making the platform easy to scale and deploy new are also market innovators capable of recognising unfilled needs and developing products to suit our customers needs and changing regulatory requirements.

We became a separate division of Winterflood Securities in 2010 in response to demand from clients who were looking for whole of market access and custody services. Our strategy remains to continue to invest in people process and technology to allow us to scale for the growth in our existing business as well as taking on new clients