Senior CASS Analyst

Fund Rock is a Pan-European leading independent UCITS management company and AIFM (Alternative Investment Fund Manager). Our clients are established blue-chip companies and leaders in their domestic market. We invest in our people, enabling you to develop your skills and build on your experience. If you like the idea of working for an ambitious and growing company, as part of a multicultural team, we are the place for you.

Department: Client Money Oversight

Reports to: Head of CASS

Location: The Hamilton Centre, Rodney Way, Chelmsford, Essex CM1 3BY

The main purpose of the role is to assist in delivering an effective CASS Oversight programme of Apex Fund Rock Limited (AFL) and Fund Rock Partners’ Ltd (FPL) third party administrators (TPAs).

CASS Oversight is in the Registered Office in Chelmsford and is part of the firm’s oversight functions of the 2 Authorised Corporate Directors (ACD) of AFL and FPL, reporting into the various Oversight Committees and Board.

As an Senior CASS Analyst, you will supply valuable administrative support, such as helping to collate various CASS documentation, which could include updating various MSWord, Excel and PowerPoint documentation. There will also be an element of learning so that you can understand not only the day to day role but also the regulatory side and the role of the TPAs.

• Support the Head of CASS for the FCA ‘Client Money Rules’ Oversight performed on the TPAs and the firms AFL and FPL.
• Develop and maintain good working relationships with each team of the businesses and Manco compliance.
• Assist with the client money daily recs, funding requirements and maintain the CASS dashboard for all balances protected into client money.
• Daily reconciliation and adhoc query resolution and liaison with TPAs or other external parties on treatment of balances received and whether they should be protected into client money or treated as firm money;
• Monitor debit card transactions and use of prudent segregation to offset the risk.
• Responsibility of the CASS Bank acknowledgement letters and open / close client money accounts.
• Assist with monitoring for all TPA breaches to verify if there are any client money concerns and that the correct rules have been reported.
• Update the internal breaches dashboard and reporting breach log for all CASS breaches. Liaise with the TPAs to obtain full details of the breach including preventatives and remedials and follow procedures through to closure.
• Assist with compensation payments due and payable to investors due to the ACD’s Fund pricing breaches.
• Maintain and record breach trend analysis for TPA discussions on process and controls as well as reoccurrence;
• Perform weekly Resolution Pack checks to ensure up to date and certified by the Head of CASS on a monthly basis.
• Provide cover for the Head of CASS for CMAR submission into Reg Data as directed by the Head of CASS;
• Provide monthly audit reconciliation evidence and document charity donations for the year;
• Collate client money management information for the firm’s CASS committee and liaise with CoSec for completion of committee packs ahead of the meeting and documented minutes afterwards.
• Also updated key risk indicators (KRI) for other Oversight Committees as directed;
• Liaise and provide support for queries with appropriate third parties for the CASS oversight process e.g. TPA and auditors , as directed;
• Assist with review of all CASS documentation including annual refresh of procedures to ensure kept up to date.
• Assist with the TPA for the annual CASS 9 mailing out to investors.
• Assist with the annual TPAs due diligence visit and complete the reports to be presented to oversight committees for approval.
• Assist with the annual Bank due diligence reviews and complete the reports to be presented to oversight committees for approval.
• Assist with the annual CASS audit with gathering required information and resolution of audit queries.
• Keep abreast of regulatory change or industry discussions with regards to client money;
• Complete any other appropriate ad hoc tasks as directed;
• Attend CASS review meetings or working groups.