Client Assets (CASS) Supervision Specialist

London, England, United Kingdom

12/20/2024

Division – Supervision, Policy and Competition

Department – Resolution Strategy Operations and CASS

Salary - National (Edinburgh and Leeds) ranging from £67,100 to £100,000 and London £73,700 to £110,000 per annum (Salary offered will be based on skills and experience)

About The FCA

The FCA regulates the conduct of 45,000 firms in the UK to ensure our financial markets are honest, fair and competitive. Follow this link to find out more About the FCA.

Supervision, Policy and Competition (SPC) focuses on market participants and cross market themes with all work contributing to the FCA’s strategic and operational objectives and leading on most of the 3 year strategic business priorities.

Resolution Strategy Operations and CASS ReSOC leads the FCA's drive to continually improve the protection afforded to client assets, thereby increasing consumer protection and strengthening market integrity. They do this by assessing risk and carrying out data analysis, as well as supervising firms' compliance with the Client Assets Sourcebook.

What Will You Be Doing

As a Technical Specialist you will be responsible for identifying risks and recommending supervisory strategies to ensure firms’ compliance with the Client Assets Sourcebook (CASS) and mitigate harm. This includes working with firms that pose a high risk of harm to consumers and the FCA’s objectives when they are failing or at risk of failure.

Other Aspects Of The Role Include

• Being at the heart of developing the CASS strategy for firms holding client assets, including for emerging business models and firms which are failing or at risk of failure
• Identifying, prioritising and mitigating CASS risks, including delivering effective strategies for the supervision of firms holding client assets
• Quality assurance of assessments and other casework, including providing technical advice on complex CASS issues
• Engaging and influencing a range of senior internal and external stakeholders, including regulated firms
• Leading projects and providing thought leadership, mentoring, coaching and training staff on technical CASS issues arising in different regulated firms and sectors
  
  

What Will You Get From The Role

• Contribute to mitigating consumer harm, including as a result of external factors
• Contribute to a varied portfolio of work, working on high profile CASS issues in a fast-paced environment
• Develop your expertise of CASS, its application to firms and the FCA’s approach to supervision
• Work with a wide range of stakeholders and gain exposure to senior executives both within the FCA and the financial services industry
  
  

Which Skills Are Required

We are a Disability Confident Employer; therefore, disabled people or individuals with long-term conditions who best meet the minimum criteria for a role will go through to the next stage of the recruitment process. (To learn more about the Disability Confident Scheme Click Here)

Minimum

• Experience of financial services regulation whether from working at a regulated firm providing CASS oversight, supervising one or acting as an advisor to regulated firms
• Demonstrable Experience of using the FCA’s Client Assets Sourcebook (CASS) and its application to regulated firms
  
  

Essential

• Strong judgement and the ability to identify, prioritise and mitigate CASS risks, including for emerging business models and where firms are failing or at risk of failure
• Ability to communicate subject matter clearly and with credibility to all levels of staff and stakeholders (both internal and external to the organisation)
• Ability to build a strong network across the organisation to deliver technical advice and question on a range of complex CASS issues and risks
• Team player who shares knowledge, and inspires others to develop skills and capabilities
• Excellent delivery capability with the ability to prioritise and manage multiple workstreams to tight deadlines
• Resourceful: delivers greatest public value for our money - constantly looks for improvement opportunities in relevant processes to drive better, quicker or more cost-effective outcomes
• Proven ability to understand and translate complex technical CASS issues and communicate clearly (both written and verbally)
  
  

Our Values & Diversity

We are proud to be an inclusive employer and our ambition is to cultivate a culture for all employees that respects their individual strengths, views, and experiences. We believe that our differences and similarities enable us to be a better organisation – one that makes better decisions, drives innovation, and delivers better regulation.

Within the workplace you will have access to various employee resource groups which aim to promote and achieve a healthy work / life balance and support our diversity ambitions.

Did you know? 50% of our Executive Committee were the first in their family to attend university.

The FCA is committed to achieving greater diversity across all levels of the organisation. Given this, we particularly welcome applications from minority ethnic, disabled, and neurodivergent candidates for this role.

Benefits Of Working At The FCA

• 28 days holiday per year plus bank holidays
• Hybrid working (work from home up to 60% of your time)
• Private healthcare with Bupa
• A non-contributory Pension of at least 8%
• Life assurance
• Income protection
  
  

We also have a competitive flexible benefits scheme which gives you the opportunity to create a personalised benefits package, tailored to suit your lifestyle.

We welcome applications from candidates who are looking for flexible arrangements.  Many of our staff work flexibly including working part-time, staggered hours, and job shares.  We can’t promise to give you exactly what you want but we can explore what might work best for both sides.

Follow this link to see what life is like at the FCA - Life at the FCA

Application Support

We are dedicated to removing barriers and ensuring our application process is accessible to everyone. We offer a range of adjustments to make your application experience as comfortable and straightforward as possible.

If you have an accessibility need, disability, or condition requiring changes to the recruitment process, please contact your recruiter using the details below and they will be happy to discuss this further with you.

Useful Information and Timeline

• This role is graded Technical Specialist – Regulatory
• Advert Closing Date: 12th January 2025
• CV Review/Shortlist: 14th January 2025
• Screening calls to commence: w/c 20th January 2025
• Interviews to commence w/c 27th January 2025
  
  

Your Recruiter will discuss the process in detail with you during screening for the role, therefore, please make them aware if you are going to be unavailable for any date during this time.

Got a question?

If you are interested in learning more about the role, please contact:

• For internal applicants, please contact Linda Bradley at Linda.Bradley@fca.org.uk
• For external applicants, please contact Chhavi Bartaria at Chhavi.Bartaria@fca.org.uk
  
  

Applications must be submitted through our online portal. Applications sent via email will not be accepted.