TISA - Tax Incentivised Savings Association - Training Event

CASS - Seeing through Client Money Reconciliations

Tisa -

CASS - Seeing through Client Money Reconciliations

This workshop will be delivered by Mark Lester, Partner, Walbrook Partners. Mark is a qualified accountant and company secretary and has over 30 years experience in Financial Services, including management responsibility for operations at financial services institutions. As a consultant, Mark has broad CASS experience, including the design and implementation of client money processes and bank account structures of platforms, service providers and asset managers. In addition, he has undertaken remediation of processes and reconciliations, operating model design, outsource provider and system selection. Marks CASS experience also includes the management of remediation of reconciliations, design of new reconciliation processes and calculations; definition and implementation of cash processing functionality, including the incorporation of audit requirements for CASS and expert advice on best practice. Design and delivery of appropriate staff training at all levels; the review and remediation of procedures and processes; practice FCA style interviews for senior staff have also been delivered.

The course will provide detailed information on Client Money Reconciliation processes and methodologies under CASS 7 and how the oversight of these should be managed, whether they are outsourced or performed in-house. Participants will receive practical explanations related to the real life operation of reconciliations, including:

Regulatory background and the applicable rules
Internal and external client money reconciliations purpose and differences
Internal client money methodologies
Calculation of client money requirements
Treatment of discrepancies
Funding requirements
Breaches relating to reconciliations
Oversight of outsource providers reconciliation processes

The course will be suitable for those with little or no experience in this area or who wish to refresh their knowledge. Types of business covered will include those within scope of CASS 7, including fund managers, wealth managers and platforms. Where applicable, the impact of the new FRC audit standards in relation to CASS will be considered.

Registration at 12:45, to commence at 13:00 and to conclude at 17:00

Members: 400
Non-members: 500