Head of CASS and Safeguarding

Who are we?

OpenPayd is a leading global payments and banking-as-a-service platform for the digital economy. Through its API-driven technology, businesses can embed financial services into their products and create the seamless user experiences needed to drive business growth.

OpenPayd's platform removes the need to contract with multiple providers for different services and across different markets. Instead, businesses can access accounts, FX, international and domestic payments, and Open Banking services globally via a single API integration. OpenPayd is committed to providing businesses with a fully compliant solution across all markets, leaving your business to focus on growth.

Our Mission

Our mission is to 'To open up banking and payments for business globally, through a modular platform'. We believe that all businesses regardless of their scale or industry should be able to leverage the best payment and banking services. We believe in providing our services through a simple, flexible, and scalable platform.

About the role:

We are looking for a proactive and experienced CASS professional to join the Group in this new position that has been created as we build the team to support both strong business growth and evolving regulatory demands. Our customers depend on OpenPayd to protect their money, via safeguarding, as we provide them a range of payment solutions.

How will you add value to the OpenPayd journey?

• Work across the Group to implement and embed the new controls and processes required under the FCA's proposed safeguarding rules as outlined in FCA CP24/20
• Oversight and management of the new safeguarding team within the Group and introduction of CASS best practice to the Group
• Be the link between the Group and Deloitte, our external safeguarding auditors
• Ensure our control framework is designed and operating effectively, maintaining the key focus on protection of client monies
• Remediating key audit / self-identified findings.
• Documenting existing risks and mitigating controls and implementation of new controls for any gaps identified
• Stakeholder reporting - build out the CASS governance framework in the Group, overview of all related reporting to the FCA and providing periodic updates to risk committees

The ideal candidate will have the following:

• Extensive experience with CASS and related safeguarding regulatory obligations
• Experience with external audits (Safeguarding, CASS or financial)
• Understanding of e-money payment services is useful but not essential
• Strong written and verbal communication
• Ability to own issue remediation through to completion and experience of managing change and implementing new cross-functional processes
• Financial Qualification (e.g. ACA, CIMA, ACCA or other relevant regulatory/risk qualification)
• At least 5 years PQE experience in either treasury, finance, regulatory or risk related roles and functions
• Strong understanding of protection/custodianship of customer assets and related regulatory frameworks (e.g. CASS, banking or EMI/PI Safeguarding)
• Strong communication and influencing skills with an ability to build and leverage cross-functional relationships internally and externally
• Good understanding of treasury concepts within financial services firms such as reconciliations, cash management and FX etc including associated risks and controls
• Experience of line management and of supporting career development
• Forward-thinking and adaptable

Our Perks and Benefits

• Personal training budget - £3000
• Cycle to Work scheme
• Discounted gym membership - £80 towards any gym
• Corporate discounts via PerkBox
• Travel loan
• Company Pension plan
• Health, Dental & Life Insurance
• Early Friday finish - 4pm
• Flexible Summer Remote Policy
• 25 days annual leave plus the Bank Holidays, an extra day off for Birthday & Social Volunteering, extended leave for 3 years plus employees
• Hybrid work model - 3 days in the office 2 days working from home

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We are looking forward to receiving your CV.

OpenPayd Talent Team

To all recruitment agencies: OpenPayd does not accept speculative agency resumes. Please do not forward resumes to our jobs alias, OpenPayd employees or any other company location. OpenPayd is not responsible for any fees related to unsolicited resumes. OpenPayd will only accept CV's from the partners with relevant agreement via the People and Talent team only.