Client Money Assistant
London, United Kingdom
003828
Working at Lockton
At Lockton, we’re passionate about helping our people achieve their ultimate potential. Our people are curious, action-oriented and always striving to make ourselves and those around us better. We’re active listeners working to ensure understanding and problem solvers developing innovative solutions. If you can see yourself delivering excellent service to clients, giving back to our communities and being a part of our caring culture, you belong here.
Job type
Experienced Professional
Your Responsibilities
In line with the firm’s strategy, the Finance department is developing and enhancing its capabilities. The team is modernising and standardising its financial systems and processes to ensure efficiency and scalability as the firm continues to grow.
This is an exciting time to be part of the firm’s Finance department, and we expect new joiners to actively contribute to the development of the function.
Summary of the role
The role is based in London as part of the International Finance team. The role is responsible for assisting the Client Money Manager with Lockton’s compliance with FCA CASS rules for entities regulated in the UK.
The position will help to ensure that Lockton has in place appropriate processes and controls to ensure CASS compliance and to identify, report and address client money related issues in a timely manner.
Key responsibilities of the role
- Assisting with review of weekly Client Money Calculations (“CMC”) for all entities controlled from the UK.
- Assisting with logging and addressing CASS breaches in line with the relevant CASS regulations.
- Monitoring client money balances and assisting in identifying reasons for increases/decreases outside of known trends.
- Assisting with arranging and logging staff CASS training.
- Assisting with CASS audits for UK regulated entities, including liaising with other departments and offices to obtain required information and helping to prepare audit responses.
- Assisting with ongoing CASS improvement project to enhance and improve the firm’s client money processes and controls. This includes all aspects of CASS including ToBAs, policies, processes, Funds at 3rd parties, Appointed Representatives among other areas.
- Working closely with other functions including IBA, Treasury and Compliance to ensure that an effective relationship is in place with these teams.
- Assisting Client Money Manager with systems investigations and CMC inputs.
- Keeping appraised of CASS rule/FCA appetite changes
- Assisting the Client Money Manager with day-to-day queries on an ad hoc basis.
Qualifications
Qualifications / Educational Requirements
- Strong academic background
- Good knowledge of insurance market processes and terminology
- Firm knowledge of FCA Client Money “CASS 5” regulations
Relevant Experience
- Preferably an insurance-based Finance background (Finance or IBA)
- Experience of CASS 5 rules and implementation
- Demonstrated ability to work well as part of a team
- Strong systems/MI experience preferred
Equal Opportunity Statement
Lockton Companies is proud to provide everyone an equal opportunity to grow and advance. We are committed to an inclusive culture and environment where our people, clients and communities are treated with respect and dignity.
At Lockton, supporting diversity, equity and inclusion is ingrained in our values, and we believe that we are at our best when we fully embrace everyone. We strive to cultivate a caring culture that learns from, celebrates and thrives because of our breadth of differences. As such, we recognize that recruiting, developing and retaining people with diverse backgrounds and experiences is vital and enabling our people to thrive personally and professionally is critical to our long-term success.
About Lockton
Lockton is the largest privately held independent insurance brokerage in the world. Since 1966, our independence has allowed us to serve our clients, take care of our people and give back to our communities. As such, our 13,100+ Associates doing business in over 155 countries are empowered to do what’s right every day.
At Lockton, we believe in the power of all people. You belong at Lockton.
How We Will Support You
At Lockton, we empower you to be true to yourself in all that you do. Your success is our success, and we provide opportunities to help you grow and create a rewarding career path, however you envision it.
We are ready to meet you where you are today, and as your needs change over time. In addition to industry-leading health insurance, we offer additional options to support your overall health and wellbeing.
No Agencies Please
Any Employment Agency, person or entity that submits an unsolicited resume to this site does so with the understanding that the applicant's resume will become the property of Lockton Companies, Inc. Lockton Companies will have the right to hire that applicant at its discretion and without any fee owed to the submitting Employment Agency, person or entity. Employment Agencies, who have fee Agreements with Lockton Companies must submit applicants to the designated Lockton Companies Employment Coordinator to be eligible for placement fees.
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