Client Money Reconciliation Assistant

Sharon Gay Associates Limited
City Of London
12 Apr 2017
11 May 2017
Contract Type
Full Time
Our client, a reputable Investment House based in the heart of the City is seeking a Client Money Reconciliations Assistant to join them on a 12 month Maternity contract.

You will assist the Client Money Reconciliations Manager and be part of the Operational Finance CASS team. The Operational Finance Assistant will be involved in overseeing CASS control and risk processes in relation to the U.K. regulated business which hold client money and assets. CASS:

- Internal Reconciliation (CMR)
- External Bank Reconciliation
- CASS10 - Resolution Pack
- Control Account Reconciliations
- Treasury
- Procedures and control

Main Accountabilities:

The main duties of the role:

- Participate and actively engage in the performance management process to attain and maintain competence within your role

- Comply and adhere to rules and regulations as stated by the regulator and set out in our internal policies
- Personal accountability to identify and minimise or escalate risks when identified in line with our Group risk policy


- Internal Reconciliation (CMR):
- - Daily CMR & associated reports & emails
- - Intra Day Overdrawn Account funding
- - Daily Risk FX rec & journal postings requests
- - Escalating any items, funding any items, getting further details on events as required
- - Daily Download of open items on error accounts for reconciliations
- - Fortnightly signing off of items on error accounts -

- CASS10 - Resolution Pack:
- - Daily/Monthly Maintenance check of CASS Resolution Pack
- - Ad Hoc updates to the CASS Resolution Pack
- - Monthly Compilation of CMAR, and associated supporting files for audit
- External Bank Reconciliation:
- - External Bank Reconciliation
- - Daily Credit Institution Diversification Control Sheet Check (COB and Intra day)Treasury:

- - Production of Treasury Factsheet, Ad hoc Treasury queries -

- Procedures and control:
- - Ensure the CASS policies and procedures are suitable, up to date, compliant, and bring sufficient control and oversight to client money and assets

Technical Skills/ Competencies: Skills required to undertake the role:

- Knowledge of CASS rules as set-out by the Regulator - CASS 6 and CASS 7 rules
- Ability to understand and to apply CASS 6 and 7 rules
- Able to manipulate large data sets in Excel

Knowledge and Expertise: (Relating to specialist knowledge and expertise required to undertake the role)

Knowledge required to undertake the role:

- A sound understanding of CASS rules and their application

Experience, Qualifications and other requirements specific to the role

Qualifications and experience to undertake the role:

- Numerate Computer literate, able to manipulate large data sets in Excel
- Relevant experience within a reconciliations environment
- IOC qualification desirable/ willingness to gain IOC qualification
- Previous experience and exposure to CASS rules desirable