A unique opportunity to join an established but expanding team who are responsible for the governance and oversight of a number of J.P. Morgan's legal entities in relation to the FCA’s CASS regulations.International Consumer Banking is at the heart of J.P. Morgan's expansion of the Chase Brand into new markets. We recently launched Chase UK and purchased Nutmeg.
Nutmeg is the UK’s largest truly digital wealth manager, offering clarity and transparency to both seasoned and first-time investors as they seek to achieve their financial goals. Launched in September 2012, Nutmeg now manages over £4.5bn on behalf of over 200,000 clients who have sought the powerful combination of an easy-to-use, adaptable investment service and market-leading human advice. Nutmeg is a J.P. Morgan company offering investments and digital wealth management services to consumers, complementing Chase’s digital bank in the UK.
At a time when people are seeking the closer relationship with money that technology can provide, Nutmeg:
- Has a team of over 240 employees
- Offers award winning stocks and shares ISA, Junior ISAs and Lifetime ISAs, as well as a personal pensions and general investment accounts
- Provides financial planning and advice alongside our award winning client services team
The position forms part of the Client Asset (CASS) Governance & Oversight and UK Outsourcing Team who are responsible for the regulatory governance framework that supports the SMF24/SMF19’s prescribed responsibilities for CASS Governance & Oversight and Outsourcing in accordance with FCA / PRA requirements. You will be undertaking oversight and governance in relation to ensuring J.P. Morgan's compliance with a variety of local regulations across the UK and Europe. As part of the team, you will work closely with Operations, Business and Product Management spanning all lines of business across the In-Scope Legal Entities. In addition, the team partner with Compliance, Audit and Risk.
The Nutmeg CASS Oversight Manager will be responsible for the oversight of Nutmeg’s compliance with the FCA’s CASS regulations in the UK.
Job responsibilities
- Production of the monthly CMAR submissions and performance of the daily client money reconciliation
- Breach management, including reporting on potential breaches and supporting lines of business with remediation
- Coordination of the annual external CASS audit and any other scheduled internal audits/compliance testing.
- Management of the CASS Resolution Pack (CASS RP)
- Supporting in the review of new business and product initiatives to ensure they align to the FCA’s CASS requirements
- Identifying and providing relevant CASS training as required and reviewing existing processes and procedures to ensure they continue to be appropriate
- Building strong and collaborative relationships with key stakeholders in the business and operations
Required qualifications, skills and capabilities
- Deep understanding of UK CASS rules and their application
- Strong communication skills – both verbal and written
- Must be a self-starter, pro-active, organized, with a keen eye on details and have the ability to work without supervision.
- Ability to multi task in a fast paced environment
- Excellent negotiation and influencing skills and ability to drive change
- Ability to work under pressure and to deadlines
- Client/Customer Focus – Engagement with key senior stakeholders
- Highly motivated, intuitive and possess initiative to identify potential process improvements across all business areas
Preferred qualifications, skills and capabilities
- Experience in a financial services environment
- Experience in manging and fixing system issues
- Experience in negotiating and influencing within a large organisation at senior manager level
- Experience of the application of FCA / PRA / MiFID rules