A director level opportunity has arisen within our Client Assets Control Group. The group is responsible for the oversight, monitoring and performance of certain Client Asset controls to ensure the Firm complies with the FCAs UK Client Asset regulations.
The Client Asset control team comprises a Quality Control function, Governance & Oversight team and a BAU processing team. This is an opportunity to join at a senior level within BofAML managing an area which has high visibility within the Firm globally as well as in the region. There is significant interaction with support partners such as Internal Audit, Compliance and Technology. The role covers regulatory reporting which is highly topical in the global financial markets. The person will gain knowledge of how global processes operate across multiple product lines in multiple jurisdictions to meet UK client asset regulations requirements. This is an excellent opportunity to understand multiple products and processes at a high level and to expand network of contact across the organisation.
Responsibilities
As the Director - UK Client Money Officer your responsibilities will be:
Managing of the Client asset control group of 11 onshore and 4 offshore resources supporting the CF10a to complete their responsibilities to comply with the FCA CASS requirements
Managing a number of governance and oversight routines
Ensuring that the daily Client Money calculation for the Normal and Alternative approaches is performed correctly and ensuring the correct placement of funds
Accurate compilation of the monthly CMAR return
Qualifications
As the Director - UK Client Money Officer your skills and qualifications will ideally include:
An understanding of regulatory environment operated in the United Kingdom plus a working knowledge of the CASS regulatory requirements
Ability to analyse control process to identify key issues e.g. review control processes, map out key controls, identify control gaps and make recommendations
Ability to influence outside of direct team to facilitate changes to control and regulatory environment
Strong organizational and multi-tasking skills to support client money and transaction reporting oversight groups
Ability to deal and communicate at all levels within the organization. Advanced written, verbal and presentational skills
General knowledge across all operations product processes and control environment
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