Client Asset Manager, CMC Markets
CASS
Online trading platform
Be an early applicant
Online trading platform
1001+ employees
Be an early applicant
1001+ employees
Company mission
To use the latest tech and tools to give our customers the very best trading experience.
Role
Who you are
- The Client Asset Manager must have detailed understanding of CASS rules, specifically CASS 6, 7 & 8
- Experience of managing a team and developing Team Members
- Prior working experience in a CASS function at an investment management firm
- Good working knowledge of financial markets and related products, ability to identify, analyse and resolve complex issues working to strict deadlines
- Demonstrate a good working knowledge of operational cash management and reconciliations
- IT competent, particularly MS Office (Advanced Excel and Word)
- Strong attention to detail
- Ability to work independently and within a team environment
- Confident communicator
- Good understanding of accounting and reconciliations
- Autorek user/implementation experience desired
What the job involves
- CMC are recruiting for an experienced Client Asset (CASS) Manager to lead our Client Asset Management Team, within the Finance Department
- Reporting to the Group Head of Client Asset Management
- Management of the Client Asset Team in the UK, which also provides some services to Group entities in other jurisdictions
- Ensuring the firm is in compliance with its obligations under the Financial Conduct Authority (FCA) Client Asset Money regime (CASS) and similar regulations imposed by other regulators where we have overseas subsidiaries
- The role holder will be expected to assume the Controlled Function responsibilities for CASS and work alongside the SMF
- Assists in the day to day management of client assets throughout the group
- Assists with the annual CASS audit and liaise with the auditor, manages the audit process and helps in agreeing the approach to remediation of audit issues found
- Assists in the interpretation of the CASS requirements with respect to new Investment products and services the Group develops
- This position requires someone with an in-depth knowledge of the CASS requirements and how they impact operational processes and controls
- This position will work very closely with the Compliance, Business Intelligence and Operations teams to ensure robust CASS controls are in place for all the asset and cash activity during the investment life cycle within all of our products
- This is a key control function in the heavily regulated CASS environment helping to ensure we deliver on one of the FCA’s key principles - arranging adequate protection for clients’ assets
- Carry out CASS impact assessment on new products and deliver solutions
- The Client Asset Manager will take a “hands-on” approach on implementation of CASS processes and taking ownership of accurate completion of various CASS reconciliations
- The Client Asset Manager will have responsibility for identifying and implementing process improvements
- Horizon scanning to identify future changes to regulation that impact client money & assets
- Reporting & Analysis of Daily Client Asset Activity
- Funding client money accounts & managing Counterparty exposures in line with Policy
- Preparing Monthly Qualitative and Quantitative Board Updates
- Assisting in generating and maintaining CASS policies
- Dealing with Client Asset queries from within the Group
- The Client Asset Manager will assist in the preparation of Client Money Asset Returns (CMAR) reporting
- Work with other teams throughout the organisation to ensure their processes which impact client money are adequate and effective in protecting client assets
- Assist in the annual external Client Money Audits
- Undertake such other duties, training and/or hours of work as may be reasonably required and which are consistent with the general level of responsibility of this role
Salary benchmarks
Our take
CMC Markets is a global provider of online retail financial services. The company enables users to trade financial instruments through its award-winning next-generation trading platform, allowing them to access various tools such as technical analysis, price projection, and forums.
CMC Markets stands out through its business model - the company aims to focus on client service in order to attract new clients and maintain a high retention rate. The market confirms the success of its strategy, with a large percentage of its revenue generated by clients who have been with the company for more than 2 years. The company is also highly rated for its client satisfaction, and sets out to educate its audience on CFD, forex and share trading, frequently hosting webinars, events, and online courses.
CMC Markets' focus appears to be on continuing to invest in new technologies and customer service, in order to support its expanding client base. For example the launch of the “Plus Plan” account for its stock trading platform, CMC Invest, means investors can now open ISAs through CMC, adding more flexibility for users to make choices for their own investment journey.
Kirsty
Company Specialist
Insights
Some candidates hear
back within 2 weeks
20% employee growth in 12 months
Company
Company benefits
- Pension: 9% = 5% company contribution and 4% self-contribution -CMC Markets will match up to 7%
- Life Assurance: 4 x salary
- Health Insurance provided through Vitality
- Income Protection
- Holiday: 25 days - per calendar year + additional day off for your birthday
- Breakfast provided for office days
- Discretionary Bonus
Company values
- Put our clients first - Our business is built around our clients - we're proud to have long-lasting relationships by understanding and supporting them every step of the way.
- Lead with quality - Our commitment to quality is at the heart of our culture. Whatever we do, we do it properly. When faced with the choice, we always prioritise quality over quantity.
- Set the standards - We're clear, open and honest with our clients, and with each other. We don't wait for others, but set the standards for others to follow.
Company HQ
City of London, London, UK
Articles
Leadership
Lord Peter Cruddas
(CEO)Previously worked in the foreign currency trading department of various banks, including the Bank of Iran and Marine Midland.
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