Job Description:
Job Title
Client Assets Sourcebook (CASS) Oversight Officer
Location
London
Corporate Title
Vice President
As the CASS Oversight Office (CAOO) of Deutsche Bank United Kingdom (UK) Bank Limited (DBUKB), you will be a Certified Person Significant Harm Function 1 (SHF1) working within the Private Bank UK Operations function. You will have day-to-day responsibility for Deutsche Bank UKB's compliance with the CASS regime and supporting the Senior Manager (SMF24) who is responsible for the operational effectiveness of systems and controls designed to achieve compliance with CASS, reporting to the Deutsche Bank UKB Board in respect of that oversight; and ensuring the monthly submissions of the Client Money and Assets Return (CMAR) to the Financial Conduct Authority (FCA).
You will also be responsible for the Financial Services Compensation Scheme (FSCS) framework. You will have the responsibility to ensure Deutsche Bank UKB can provide a single customer view (SCV) of all deposits held by the firm within 24 hours of a request from the Financial Services Compensation Scheme (FSCS) or the Prudential Regulatory Authority (PRA) in an event of default.
What we'll offer you
A healthy, engaged and well-supported workforce are better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That's why we are committed to providing an environment with your development and wellbeing at its centre.
You can expect:
- Hybrid Working - we understand that employee expectations and preferences are changing. We have implemented a Hybrid Working Model that enables eligible employees to work remotely for a part of their working time and reach a working pattern that works for them
- Competitive salary and non-contributory pension
- 30 days' holiday plus bank holidays, with the option to purchase additional days
- Life Assurance and Private Healthcare for you and your family
- A range of flexible benefits including Retail Discounts, a Bike4Work scheme and Gym benefits
- The opportunity to support a wide ranging CSR programme + 2 days' volunteering leave per year
Your key responsibilities
- Design, maintain and operate governance and oversight frameworks to comply with the CASS rules
- Chair the monthly Client Assets Oversight Council (CASSOC)
- Map, interpret and document the application of the CASS rules to Deutsche Bank UKB
- Draft and implement appropriate policies. Provide oversight to ensure that underlying teams have appropriate procedures and controls
- Define escalation policy and review all escalations to determine whether a CASS breach has occurred and determine whether the FCA should be notified. Maintain the CASS breaches log
- Design and consolidate effective risk metrics for onwards reporting to the CASSOC and relevant legal entity boards. Work with the underlying operational teams to build the underlying metrics, including effective key performance indicators (KPIs) to support effective monitoring and control of intragroup service level agreements
Your skills and experience
- Knowledge of FCA CASS rules
- Strong risk and control management skills within financial services
- Proven experience in handling investigations and audits, building and running processes and workflows, and responding to regulatory change
- Excellent communication skills, written, verbal and presentation
How we'll support you
- Flexible working to assist you balance your personal priorities
- Coaching and support from experts in your team
- A culture of continuous learning to aid progression
- A range of flexible benefits that you can tailor to suit your needs
- We value diversity and as an equal opportunities' employer, we make reasonable adjustments for those with a disability such as the provision of assistive equipment if required (for example, screen readers, assistive hearing devices, adapted keyboards)
About us
Deutsche Bank is the leading German bank with strong European roots and a global network. Click here to see what we do.
Deutsche Bank in the UK is proud to have been named in The Times Top 50 Employers for Gender Equality 2024 for five consecutive years. Additionally, we have been awarded a Gold Award from Stonewall and named in their Top 100 Employers 2024 for our work supporting LGBTQ+ inclusion.
We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.
Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.
We welcome applications from all people and promote a positive, fair and inclusive work environment.