Description
Securities and Cash Network Manager
London
6 MONTH CONTRACT
£450 - £650 per day DOE
Our high profile Banking client currently has an opportunity for a Securities and Cash Network Manager to work in their offices based in London.
The UK Regulated Entities Network Manager is an additional role within the UK Network Management team with a local reporting line in the UK into the office of the COO for UK Banking Legal Entities. The UK Regulated Entities Network Manager, as part of the UK Network Management team will have responsibility for the management and oversight of appointed sub-custodians and Central Securities Depositories.
Key Skills:
- Good knowledge of the UK Regulatory requirements (CASS, SYSC, COBS are essential)
- Strong written and verbal communication skills.
- Previous Network Management experience
- FCA knowledge
- Risk and Compliance experience
- Ability to review and recommend on sub-custodian banks
- Strong influencing skills
Responsibilities:
- Initial and ongoing due diligence of the UK Banking Legal Entity sub-custodian/CSD network, including validation of completed due-diligence in line with UK CASS rules.
- Ensure that the UK LE Network is in compliance with all relevant UK regulations
- Ensure that UK regulatory risks for specific business/client activities are identified and that an appropriate control environment is developed to manage and mitigate those risks arising from Network Management.
- Review internal and external audit, compliance and risk reports in respect of Network Management and implement actions required in compliance of UK regulations.
- Develop and manage Service Level Descriptions/KPI to monitor sub-custodian/CSD service delivery.
- Ensure that safe custody assets are only deposited with custodians in jurisdictions which specifically regulate and supervise the safe keeping of safe custody assets in line with the UK Regulatory requirements.
- In conjunction with Legal, ensure that custodian agreements are in place for all accounts and that these agreements include the relevant contractual clauses in accordance with UK Regulatory requirements.
- Represent UK Network Management at Board, Management and Legal Entity Committees
Pontoon is a global HR outsourcing company specializing in improving an organization's talent. We manage the contingent workforce and statement of work resources on behalf of our clients, as well as source and recruit direct hires. Pontoon's approach results in significant cost savings and revenue improvement, increased worker quality, workforce insight and greater regulatory compliance. A division of Adecco with operations in nearly 100 countries and with more than 1,500 colleagues worldwide, the Jacksonville, Florida-based organization delivers solutions to more than 150 industry-leading companies.