CASS Assurance

About this role:
Wells Fargo is seeking a CASS Assurance specialist.
In this role, you will:

• Support projects, take responsibility and produce high-level working documents.
• Support Compliance with responses to consultations and implement the necessary changes to CASS policies, procedures, process and systems.
• Support in the delivery of required regulatory changes projects or business initiatives in relation to CASS.
• Understand and challenge the business processes and controls and be able to document them back to the CASS rule book
• Oversight of US based Operations teams performing CASS impacting functions, including reviewing processes and controls, undertaking QA, sample test and/or collate data in a timely fashion to ensure compliance with relevant FCA rulebooks (CASS, COBS, SYSC, etc.).
• Perform due diligence of client money banks and brokers including onsite visits where necessary.
• Provide Management Information to CASS stakeholders (eg. CF10a, CASS Control and Compliance functions).
• Contribute to the delivery of timely and accurate reporting to regulators and the firm's board.
• Work with Operational Risk team to identify all Operational Risk considerations in relation to CASS and related functions/processes.
• Attendance at industry conferences/events, networking & roundtables in relation to CASS.
• Other duties as assigned.

Required Qualifications:

• Experience in Cass Assurance, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.
• Comprehensive & technical knowledge & understanding of CASS rules and application/treatment in relation to CASS 1, 3, 7, 9 & 10 rule sets.
• A working & detailed knowledge/understanding of CASS rules and application and impact of Banking Exemption.
• Understanding of Settlement & Corp Action events in relation to MiFID II eligible products and impact on treatment as Client Money events.
• Previous track record in process improvement with a view to developing/enhancing controls.
• Assertiveness: the candidate will be expected to challenge Operations & Business teams globally to obtain required data and/or information.
• Experience of producing Ml, KPls and reviews in accordance with SLAs
• Presenting to senior management and stakeholders
• Solid communication/organisational skills - to work with local and remote Operations and Compliance/CASS Control stakeholders.
• Product knowledge of the Broker/Dealer business and Futures, Derivatives/Fixed Income and Equities spaces.
• Good Excel, Word, SharePoint and PowerPoint skills.
• May involve travel to the US.

Posting End Date:
30 May 2024
*Job posting may come down early due to volume of applicants.
We Value Diversity
At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.
Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements.
Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.
Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.
Applicants with Disabilities
To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .
Drug and Alcohol Policy
Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.