Design, maintain, and enhance the firm‑wide CASS governance and oversight framework
Maintain and enhance the CASS Risk and Controls Matrix (RCM).
Provide clear, concise CASS risk, compliance, and control reporting to senior management and governance committees.
Regulatory Liaison & Reporting
Act as a senior point of contact with the FCA on CASS matters, supporting regulatory engagement, reviews, and information requests.
Oversee the preparation and quality assurance of the Client Money and Assets Return (CMAR).
Lead the annual CASS audit process, including engagement with auditors and coordination of remediation activity.
Technical & Advisory Leadership
Provide expert advice and challenge to senior stakeholders on complex or judgement‑based CASS matters.
Assess the CASS impact of new products, business initiatives, outsourcing arrangements, and operating model changes.
Translate regulatory developments and FCA expectations into practical, business‑focused actions.
Operational Oversight
Oversee the effectiveness of controls supporting CASS 6 (custody), CASS 7 (client money), CASS 8 (mandates), and CASS Resolution Pack requirements.
Ensure strong governance over reconciliations, segregation, record‑keeping, and insolvency preparedness.
Challenge first‑line execution and ensure issues are identified, escalated, and resolved.
Breach & Incident Management
Lead or oversee investigations into CASS breaches and near‑misses.
Ensure timely escalation, regulatory input where required, robust root‑cause analysis, and sustainable remediation.
Perform trend analysis to drive continuous improvement of the CASS control environment.
Senior Management Support & Accountability
Support the SMF holders with Prescribed Responsibility for CASS by providing high‑quality MI, analysis, assurance, and effective challenge.
Contribute to evidencing "reasonable steps" through strong governance, documentation, and oversight activities.
Requirements
Deep, practical expertise in CASS, particularly CASS 1A, CASS 6, CASS 7, and CASS 8.
Several years' experience in financial services, with significant experience in CASS oversight, compliance, audit, or regulatory roles.
Proven ability to influence senior stakeholders
Strong stakeholder management skills across Operations, Finance, Technology, Legal, Internal Audit, auditors, and regulators.
Strong regulatory judgement and integrity.
Detail‑focused with the ability to maintain a strategic, firm‑wide perspective.
Strong communication skills, verbal and written
Calm, authoritative, and credible under regulatory scrutiny.
Working with Us:
As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.
Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.
We'd love to learn more about how your interests and experience could be a fit with one of the world's most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater
Reasonable accommodation
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com .
We hope you're excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.
Apply today and talk to us about your flexible working requirements and together we can achieve greater.
Benefits
Flexible schedule
Additional Information
About Northern Trust:
Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.
Northern Trust is proud to provide innovative financial services and guidance to the world's most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.
Ntrs · London, UK