CASS Oversight Manager
Upvest provides regulated, API-first investment infrastructure for fintechs, banks, brokers, and wealth managers across Europe and the UK. Its platform supports brokerage, settlement, custody, fractional investing, portfolios, savings plans, and investment operations.
Funding history
About Upvest GmbH
Upvest is a regulated investment infrastructure company offering a cloud-native Investment API for brokerage, settlement, custody, and real-time investment functionality. It also provides middle- and back-office business process outsourcing, regulatory licences, fractional securities, portfolios, savings plans, and operating models for financial institutions launching or scaling investment and pension products.
Skills
Candidate Availability
Required and preferred rules are kept separate and reflect the wording in the original posting.
About the Role
You will oversee the framework that protects and accounts for client money and custody assets under FCA CASS rules. You will manage reconciliations, breaches, regulatory reporting, audit readiness, resolution-pack maintenance, and client asset impacts of product and system changes. You will also provide CASS guidance, training, governance reporting, and support for external bank and custodian relationships.
Requirements
- Thorough working knowledge of CASS 6, 7, 8, 9 and 10
- Knowledge of client money calculations, reconciliation methods, acknowledgement letters, resolution-pack requirements and the SMCR context for SMF18
- Several years of experience in CASS operations, oversight or audit at a relevant financial institution or practice
- Experience with breach handling, CMAR reporting and CASS audits
- Experience interpreting FCA rules and guidance and translating them into operational procedures and controls
- Ability to communicate regulatory requirements to internal and external stakeholders
- Ability to work independently and prioritise under reporting and audit deadlines
Responsibilities
- Maintain and improve the CASS risk assessment, controls matrix, policies and procedures across CASS 6, 7, 8, 9 and 10
- Advise B2B clients, sales and client-impact teams on CASS-compliant solutions
- Oversee daily client money calculations and internal and external reconciliations
- Investigate reconciliation breaks, fund shortfalls and address root causes
- Maintain the CASS breach register, assess materiality, drive remediation and support FCA notifications
- Own monthly CMAR submissions and act as the primary contact for the annual CASS audit
- Maintain a complete and current CASS Resolution Pack
- Assess client asset impacts of products, features and system changes with Product and Engineering
- Produce CASS management information, deliver CASS training and track FCA developments
- Support due diligence and periodic reviews of banks and custodians
- Maintain acknowledgement letters and mandate registers
Benefits
- €20,000 per year for AI tools
- 30 days of annual leave
- Sports benefits
- Confidential professional coaching
- Remote work abroad for up to 183 days per year
- One-month fully paid sabbatical after every four years of employment
- Personal development budget
- Choice and budget to work from home or an office
- Employee equity program
- Company-wide events, dinners, offsites and holiday party
- Employee resource groups