Reconciliation & Finance Manager

About us

The Titan Group provides a broad range of services across the whole wealth value chain – from financial planning, investment management through to platform, trading, settlement and custody services. Its strategy is to be able to offer modular, incremental services to its clients allowing them to adjust their business models as and when they choose to. As part of this Titan is also an active acquirer of UK based asset managers and other wealth related businesses.

Titan Private Wealth is a well-established independent investment management business who provide portfolio management and stockbroking services to private clients. With full in-house back office, research and support teams, Titan Private Wealth are committed to providing an exceptional level of service to our clients which is achieved by developing long-term and trusted relationships. Titan Private Wealth our investment management arm, recently rebranded from Cardale, founded in 2003 and based in Harrogate.

We are interviewing for this role mid-January 2025, with the aim of hiring from February 2025 onwards (depending on notice period).

The CASS Reconciliations Manager will report into the Operations Manager at TPW. This will be a pivotal role primarily focusing on the review and approval of all client money and custody reconciliations, ensuring they have been conducted in line with internal policies and in accordance with CASS rules. The Reconciliations Manager will provide a robust challenges to reconciliations teams in the management of discrepancies, ensuring they are resolved in a timely manner.

The Reconciliations Manager would work closely with CASS Oversight to ensure the CASS framework is sufficient and where necessary agree and implement enhancements to existing processes and controls. Other duties would include procedure management, ensuring these are up to date and accurate, management of the training matrix ensuring there is sufficient knowledge across the reconciliations department in place and preparation of any contingency plans. The Reconciliations Manager would review all funding requirements impacting client money and assets and sufficient challenge has been provided to ensure client money and assets are sufficiently segregated.

The individual in this role would also become a member of the CASS Committee, providing key insights and updates with the reconciliations department, ensuring all issues are highlighted to senior stakeholders promptly.

Job Responsibilities

• Review and approval of all client money and asset reconciliations, ensuring these have been conducted in line with internal policies and CASS Rules.
• Review and approval of all reconciliation funding requirements, ensuring all shortfalls have been identified and correctly funded.
• Identify any process gaps or weaknesses and support in the implementation of additional controls.
• Ensure reconciliation procedures are up to date and accurate, play a key role in the implementation of resilience procedures and business continuity plans.
• Identify and escalate to CASS Oversight where CASS breaches have been identified.
• Performance of UAT testing.
• Maintain the reconciliations teams training matrices, identifying and addressing any knowledge gaps.
• Be the first point of contact for any reconciliation issues identified, where necessary escalate to Senior Management.
• Complete monthly reconciliations attestations to ensure any control failures have been reported and where required incidents have been raised to CASS Oversight.
• Assist with root cause analysis on reconciliation discrepancies by highlighting repeated issues and implementing corrective actions to remediate .
• Provide MI and attend the monthly CASS Committee meeting, provide key updates relating to the performance of the client money and asset reconciliations.
• Supporting the IT change management structure, ensuring the key controls in operation are adhered to.

Job Requirements

• Proven experience in leading a CASS Reconciliations Team within a financial service custody and clearing business.
• Strong understanding of the FCA CASS Handbook, primarily focused on CASS 6 & CASS 7 rules.
• A detail-oriented person, able to deliver tasks with an excellent degree of accuracy.
• Exceptional communication and interpersonal skills, with the ability to effectively.
• collaborate with stakeholders at all levels.
• Analytical and problem-solving skills with the ability to assess complex scenario’s and make recommendations for enhancements.
• Ability to challenge the business on existing processes and controls, ensuring these meet regulatory requirements.

Our employees are talented people, distinguished by excellence. You will be able to demonstrate a willingness to embrace the Company values of:

Professionalism - how we treat our clients and colleagues.

Trust - embrace innovation and adapt to change.

Innovation - dare to create and don't fear failure.

Terms

Competitive salary

Hybrid working

25 days annual leave + public holidays

A range of benefits which includes private medical insurance, Group life insurance, and income protection insurance.

6% employer pension contribution

Further education and training support

Discretionary performance related bonus

Confidential Employee Assistance Programme

2 days per year for voluntary work

“Salary Extras” employee discounts

The Titan Wealth Group is firmly committed to fostering an inclusive and equitable environment for everyone who works with us, regardless of their race, age, gender, sexual orientation, religion, physical ability or disability, or political affiliation. We believe that having a diverse team allows us to create the best possible outcomes for our clients and team members. We strive to provide equal opportunities in all aspects of the workplace with respect to recruitment and career advancement, pay and benefits, training and development opportunities and other job-related activities.