CASS Regulatory Oversight and Control (Operational Risk), Officer

at  State Street

Who we are looking for
The UK CASS Office are looking for a dynamic individual to join our team as CASS Regulatory Oversight and Control at Officer level. The UK CASS Office is responsible for ensuring the firms London Branch, global branch network, affiliates and the clients contracted to its London Branch adhere to the FCA CASS sourcebook (“CASS”). The candidate is preferred to have experience in regulatory obligations, risk and control environment, project participation and assurance programmes.
Why this role is important to us
The UK CASS Office role is focused on ensuring State Street Bank & Trust Company’s (SSBTC) compliance with the rules and guidance in the Financial Conduct Authority (FCA) Client Asset (CASS) sourcebook. The UK CASS Office oversees relevant businesses across Global Delivery, Global Markets and Institutional Services in respect of CASS compliance. We deliver first line of defence oversight and assurance and provide expert support to the SSBTC designated Head of CASS and CASS advisory services to businesses across SSBTC. The UK CASS Office works closely daily with business partners, Compliance, and other Corporate functions to complement and build on the control and risk infrastructure already in place. Join us if making your mark in the financial services industry from day one is a challenge you are up for.
What you will be responsible for

As CASS Regulatory Oversight and Control Officer you will:

• Complete and when required ensure effective oversight in respect of the CASS Resolution Pack [CASS 10], Omnibus / External Shortfalls and the Client Money & Asset Return (CMAR) [SUP16.14] for SSBTC LB.
• Owner of any CASS Office breaches / incidents and oversight of remediation activities.
• Conduct controls assurance, author the submission of reports and track remediation through to resolution.
• Support the production of CASS management information and review at appropriate intervals to identify and evaluate business trends.
• Support the maintenance of CASS controls, risk environment and methodology to confirm that existing and future processes contain the optimum level of controls and continued mitigation of risk.
• Provide the business with a Subject Matter Expert advisory service or CASS support.
• Participate in CASS working group.
• Complete tasks for the CASS Oversight Sub-Committee as required.
• Develop and maintain relevant knowledge and understanding of the CASS source book and keep abreast of proposed or upcoming changes to relevant sections of the source book.

What we value

These skills will help you succeed in this role

• Meticulous attention to detail and follow up.
• Effective communicator and collaboration with colleagues at different levels.
• Being an effective team player and an ability to also work under their own initiative.
• Strong working knowledge of MS Office, particularly Excel, Power-Point, Word
• A growth mindset that welcomes change / challenge / curiosity.

Education & Preferred Qualifications

• Experience in SSBTC (Custody / Global Delivery / Global Markets / Investment Services) business would be beneficial or previous financial services experience.
• As per person specification, a candidate who may not necessarily meet all of the specification above may be considered for the role provided they have relevant skills / knowledge.

About State Street
What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.
State Street is an equal opportunity and affirmative action employer.
Discover more at StateStreet.com/careers
State Street’s Speak Up Lin

• Meticulous attention to detail and follow up.
• Effective communicator and collaboration with colleagues at different levels.
• Being an effective team player and an ability to also work under their own initiative.
• Strong working knowledge of MS Office, particularly Excel, Power-Point, Word
• A growth mindset that welcomes change / challenge / curiosity