Client Assets (CASS) Supervision Specialist

Requirements of the role

The FCA regulates the conduct of 45,000 firms in the UK to ensure our financial markets are honest, fair and competitive. Follow this link to find out more About the FCA.

Supervision, Policy and Competition (SPC) focuses on market participants and cross market themes with all work contributing to the FCA’s strategic and operational objectives and leading on most of the 3 year strategic business priorities.

Resolution Strategy Operations and CASS ReSOC leads the FCA’s drive to continually improve the protection afforded to client assets, thereby increasing consumer protection and strengthening market integrity. They do this by assessing risk and carrying out data analysis, as well as supervising firms’ compliance with the Client Assets Sourcebook.

What will you be doing

As a Technical Specialist you will be responsible for identifying risks and recommending supervisory strategies to ensure firms’ compliance with the Client Assets Sourcebook (CASS) and mitigate harm. This includes working with firms that pose a high risk of harm to consumers and the FCA’s objectives when they are failing or at risk of failure.

Other aspects of the role include:

• Being at the heart of developing the CASS strategy for firms holding client assets, including for emerging business models and firms which are failing or at risk of failure
• Identifying, prioritising and mitigating CASS risks, including delivering effective strategies for the supervision of firms holding client assets
• Quality assurance of assessments and other casework, including providing technical advice on complex CASS issues
• Engaging and influencing a range of senior internal and external stakeholders, including regulated firms
• Leading projects and providing thought leadership, mentoring, coaching and training staff on technical CASS issues arising in different regulated firms and sectors

View on member website