Who we are looking for

Purpose of role is to be responsible for oversight and management of the UK Financial Conduct Authority client asset and client money (CASS) regulatory obligations for legal entity SSBTC London Branch to ensure adequate protection of our clients’ assets.

Individual will lead CASS Office in maintaining proactive First Line of Defence oversight , management and compliance of CASS for all business functions throughout the firm’s global operating model, and will support the Senior Manager(SMF3) who has prescribed responsibility through the Senior Manager Certification Regime (SMCR) for CASS.

CASS Office consists of team manager with a team of 5 CASS risk specialists and 1 individual CASS specialist located in Edinburgh. The team oversees numerous business lines in all jurisdictions (NA, EMEA, APAC) who support the movement/holding of cash/securities for in scope CASS activities.

The role requires strong leadership, good interpersonal skills, and, proficient risk control mindset.

This role can be performed in a hybrid model, where you can balance work from home and office to match your needs and role requirements.

Why this role is important to us

Protecting our clients’ assets is of paramount importance. You will be joining the UK CASS Office function which is part of the UK Chief Operating Office and protects our clients assets by strengthening our internal control environment, enhancing our risk excellence and continuing to meet our regulatory obligations in an ever changing, dynamic environment. This means collaborating with numerous products, business and corporate functions across the globe working together to achieve the very best outcomes for safety of our clients assets.

What you will be responsible for

As Head of CASS Office you will

• Lead the team to deliver appropriate ownership, governance and oversight of operational effectiveness of controls in place for firm’s CASS responsibilities, inclusive of an effective CASS Control Risk Framework and in line with CASS Risk tolerance statement

• Be accountable for the effective delivery of all production activities, including the CASS RP, CMAR and client money requirements

• Provide subject matter expertise to the relevant Regulatory / Risk / Change governance forums and drive any changes that may impact CASS span or compliance to ensure they are proactively appropriately assessed

• Be accountable for all CASS Office internal second and third line audits and annual external CASS statutory audit .

• Lead, develop, motivate the team by proactively monitoring competency levels, skill sets, resource allocation, development opportunities to enhance and/or address any issues preventing a high performing team

• Oversee and direct review and implementation of annual mandatory CASS Training to all employees .Identify opportunities for timely ad hoc CASS training and support to ensure regulatory requirements relevant to business/individual roles are being met.

• Become an effective delegate for SMF 3 for CASS to ensure all SMCR reasonable step responsibilities are being met.

What we value

These skills will help you succeed in this role:

• Strong critical analytical thinking, problem solving, adaptive organizational skills

• Effective communication skills which help influence and build strong collaborative connections/relationships across global organization, regulators and auditors

• Strong leadership skills to drive and influence ownership, engagement and action

Education & Preferred Qualifications

• 10+ years of experience at a managerial position within the investment services industry within global custody business

Additional Preferable requirements

• Good understanding of CASS regulatory requirements

• Strong understanding of operational and compliance risk control environment

• global custody operational and market knowledge

Are you the right candidate? Yes!

We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don’t necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.

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.

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