Senior CASS Analyst, CMC Markets
5 days a week in office (Liverpool Street, London)
Online trading platform
Open for applications
Online trading platform
1001+ employees
Open for applications
5 days a week in office (Liverpool Street, London)
1001+ employees
Company mission
To use the latest tech and tools to give our customers the very best trading experience.
Role
Who you are
- Strong knowledge of CASS rules, specifically CASS 6 and 7
- 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
- Experience of incident management beneficial
- Experience of being audited or auditing beneficial
- IT competent, particularly MS Office (Advanced Excel and Word)
- Strong attention to detail
- Ability to work independently and within a team environment
- Confident communicator
What the job involves
- The Senior CASS Analyst will work in the firm’s Client Asset Management team, within the Finance Department
- The role reports to the Head of the CAM team and will also have responsibility of managing the workload of the Client Asset Analysts in the team
- As a UK Client Asset Specialist Sourcebook (“CASS") experienced individual, the SCAA will be responsible for supporting CMC in the UK with CASS oversight, as well as the wider group on client asset oversight
- 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
- To assist the Head of CAM in ensuring the firm is in compliance with its obligations under the Financial Conduct Authority (“FCA”), CASS and similar regulations imposed by other regulators where we have overseas subsidiaries
- Assist in the day-to-day management of client assets throughout the group
- Overseeing the daily client asset reconciliations including custody asset and client money for the FCA and equivalent for overseas regulated firms where CMC UK performs the reconciliation as a service provider
- Overseeing the work of two Client Asset Analysts
- Providing guidance to and support for junior team members on CASS and related operational matters
- Assisting in generating and maintaining client money policies
- Providing support to the Head of CAM in enabling client asset regulatory change across CMC UK and the wider Group
- Dealing with client asset queries and being the primary contact on procedural queries
- Ensuring the accurate recording and identification of incidents related to CASS, as and when they arise
- Maintaining an up-to date CASS resolution pack
- Assist in the annual external CASS Audits and internal audits as required
- Managing the workload of Client Asset Analysts in the CAM team and providing cover on absences
- 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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