CASS Accountant Permanent

The Client

An established and highly prestigious Private Bank managing UHNW client business.

The Role

The CASS Accountant will play a crucial role in ensuring compliance with the regulatory requirements related to client money and asset protection.

This role is a fantastic opportunity to deputise for the Head of Finance on regulatory matters and representing the regulatory reporting functions at relevant meetings.

Working closely with the Head of Finance in this Private Bank, the CASS Accountant’s responsibilities will involve monitoring, reconciling, and reporting on client money and assets held by the bank, as well as maintaining accurate records and implementing internal controls.

Ensure adherence to CASS rules and regulations and develop and implement internal controls and procedures to ensure compliance with CASS requirements from a Finance perspective.

Regularly review and update existing CASS policies and procedures, incorporating into the Private Bank any regulatory changes or best practices.

The CASS Accountant role will also perform Client Money & Asset Reconciliations – daily, monthly and periodic reconciliations of client money and assets held by the bank, ensuring accuracy and completeness.

Monitor and analyse cash movements, client fund transfers, and related transactions to identify any potential issues or risks.

The CASS Accountant will prepare and submit regulatory reports related to CASS compliance, such as CMAR (Client Money and Asset Return) and CASS Audit Pack.

Assist in the preparation of financial statements and relevant disclosures related to client money and assets.

Support internal and external audits related to CASS compliance, providing necessary documentation and information as required.

Identify potential risks or control weaknesses in CASS processes and propose improvements or remedial actions and assess the impact of regulatory changes.

Provide training to relevant employees of the Private Bank, to enhance their understanding of CASS rules and requirements.

The Candidate

A fully qualified Accountant – ACA or ACCA (must be FULLY qualified) – 3-5 years PQE

Detailed knowledge of CASS rules and regulations – essential!

A strong CASS audit background – from a Big 4 or top Accountancy firm would work well for this role

A good understanding of financial products, client money handling, and asset segregation requirements.

Meticulous and attention to detail

Proven ability to analyse complex regulation, and designing and implementing new reporting practices and processes.

General familiarity with relevant accounting standards (e.g., IFRS, UK GAAP) and reporting requirements