Senior Manager, Client Assets & Safeguarding, Audit & Assurance

Connect to your Industry

Our Client Assets & Safeguarding (CAS) team has an excellent external reputation for provision of high quality regulatory audit and other assurance services to major firms. Our team covers banking and capital markets, investment and asset management, insurance brokers, payment services and e-money firms.

In our team you would have the opportunity to develop deep specialism in your chosen field, working with a client base that includes global leaders in their field. You would also have the opportunity, if wanted, to broaden experience across industry lines within client assets and safeguarding, or more broadly across our Assurance Group, where opportunities include Conduct of Business, ESG, Prudential regulation and legislation.

Typical services we offer within the CAS team are:

• Working alongside financial statement audit teams to perform CASS and Safeguarding audits;
• Providing practical, yet technical, SME input on the more judgemental Client Assets, Payment Services and E-money rules;
• Reviewing control environments, risk frameworks, operating models, governance structures, CASS / Safeguarding footprints, and providing recommendations to senior stakeholders on gaps and enhancements; and
• Performing S166 and shadow S166 reviews of Client Assets and Safeguarding.

Connect to your career at Deloitte

Deloitte drives progress. Using our vast range of expertise, that covers audit, risk advisory, and consulting services across tax, legal, business, technology and corporate finance, we help our clients become leaders wherever they choose to compete. To do this, we invest in outstanding people. We build teams of future thinkers, with diverse talents and backgrounds, and empower them all to reach for and achieve more.

What brings us all together at Deloitte? It's how we approach the thousands of decisions we make every day. How we behave, our beliefs and our attitudes. In other words: our values. Whatever we do, wherever we are in the world, we lead the way, serve with integrity, take care of each other, foster inclusion, and collaborate for measurable impact. These five shared values lead every decision we make and action we take, guiding us to deliver impact how and where it matters most.

Connect to your opportunity

As a Senior Manager within the Client Assets and Safeguarding team you will have a range of responsibilities, such as:

• Overseeing a portfolio of client engagements, which will include both regulatory audits and advisory work.
• Overseeing engagements includes managing relationships with senior client stakeholders; leading project management functions of large and complex engagements; review of work performed by the team; leading input on complex or technical aspects of work; provision strong technical input on the client assets and safeguarding rules; and working closely with the engagement partner to set and deliver the engagement strategy; owning the commercial elements of the engagement, such as budgeting and fee discussions.
• Owning a portfolio of client relationships and building new relationships in the industry.
• Providing strong technical support and challenge to firms on all areas impacting client asset protection, such as Governance, Client on-boarding, Legal, Trading, Settlements, Asset Servicing, Reconciliation, Risk, Treasury and Finance, Compliance and Internal Audit.
• Developing and coaching the junior members of the team.
• Driving continuous improvement through innovation and transformation, embracing change, and challenging the way we do things to develop our CAS offerings.
• Leading diverse teams within an inclusive team culture where people are recognised for their contribution.
• Developing and maintaining relationships across Deloitte service lines and geographies to deliver market and client focused solutions;
• Being responsive to and anticipating clients' needs, providing strategic and relevant insight;
• Being part of a wider community helping to grow our practice and develop our strategy; and
• Managing diverse teams within an inclusive team culture where people are recognised for their contribution.

We are focused on ensuring that your client portfolio meets your experience, personality and career aspirations and this in turn enables you to deliver the highest possible standard of work and the flexibility in creating a career path that matches your expectations.

Connect to your skills and professional experience

To qualify for the role, you must have:

• Significant experience of your chosen sector (e.g. banking, capital markets, investment management, insurance and / or payments/e-money) and how the Client Asset / Safeguarding rules apply to those firms.
• Significant experience of working with and practical knowledge of the CASS / Safeguarding rules, common breaches and other expected elements of a firm's control environment, such as governance and oversight and risk and controls framework.
• An ability and desire to work under your own initiative and in many different and challenging environments.
• Experience of leading engagements / projects and managing a team.
• A track record of learning and developing others.
• Strong organisational and project management skills.
• Strong business writing skills, including the ability to write reports which clearly and professionally convey sometimes detailed and complex matters in a clear and concise way.
• Strong presentation skills, with experience of presenting to senior stakeholders.
• Enjoy working to deadlines.
• A professional approach.
• A client centric and flexible, service orientated approach.
• An ability to work with a diverse group of people and be part of ensuring an inclusive team culture, where people are recognised for their contribution.

The following is desirable but not required:

• Experience of conducting audit engagements or other control reviews.
• A deep understanding of how risk management practically works in relation to protection of client assets and/or safeguarding.
• Practical knowledge of the FRC's Assurance Standard for providing assurance on client assets to the FCA.
• Controls reporting frameworks such as ISAE3000 / ISAE3402 / AAF reports.
• A strong industry network.

Connect to your service line - Audit & Assurance

We know it's not just about the numbers. Often, we let the technology take care of those. It's about the creative and collective thinking or our people. That's where the true insight is found. We're redefining the future of audit and assurance. Come join us.

Personal independence

Regulation and controls are standard practice in our industry and Deloitte is no exception. These controls provide important legal protection for both you and the firm. We are subject to a number of audit regulations, one of which requires that certain colleagues abide by specific personal independence constraints (e.g., in relation to any financial interests and employment relationships). This can mean that you and your "Immediate Family Members" are not permitted to hold certain financial interests (shares, funds, bonds etc.) with audit clients of the firm, and also prohibitions on certain employment relationships (e.g., you are not permitted to hold a secondary employment role with SEC audit clients of the firm whilst being employed by the firm). The recruitment team will provide further detail as you progress through the recruitment process or you can contact the Independence team upon request.

Connect with your colleagues

“I assumed the culture would be very corporate, however, I have worked with people who have different personalities and approaches to the way they work. We do have a clear brand, but everyone is encouraged to be themselves.”

-Alice, Audit and Assurance

“The team I support works with one of Deloitte's biggest clients. To be involved with such an influential client so early in my career is really rewarding; I love it.”

-Owen, Audit and Assurance

The progression at Deloitte is steady and I've always felt in control of my own career path. You can learn something new here every day which I really enjoy.

-Ali, Audit and Assurance

Our hybrid working policy

You'll be based in United Kingdom with hybrid working. Our hybrid model enables our people to collaborate, connect and innovate in both a virtual and physical capacity. As well as remote working, you'll attend your local office, virtual collaboration spaces and client sites, depending on the requirements of the role.

At Deloitte we understand the importance of balancing your career alongside your home life. That's why we'll support you to work flexibly through our hybrid working policy. Depending on the requirements of your role, you'll have the opportunity to work in your local office, virtual collaboration spaces, client sites and remotely. You'll get the chance to meet face to face when needed, while you collaborate and learn from colleagues, share your experiences, and build the relationships that will fuel your career and prioritise your wellbeing. Please check with your recruiter for the specific working requirements that may apply for your role.

Connect to your return to work opportunity

Are you looking to return to the workplace after an extended career break?

For this role we can offer coaching and support designed for returners to refresh your knowledge and skills, and help your transition back into the workplace after a career break of two years or more. If this is relevant for you, just let your recruiter know when you make your application.

Our commitment to you

Making an impact is more than just what we do: it's why we're here. So we work hard to create an environment where you can experience a purpose you believe in, the freedom to be you, and the capacity to go further than ever before.

We want you. The true you. Your own strengths, perspective and personality. So we're nurturing a culture where everyone belongs, feels supported and heard, and is empowered to make a valuable, personal contribution. You can be sure we'll take your wellbeing seriously, too. Because it's only when you're comfortable and at your best that you can make the kind of impact you, and we, live for.

Your expertise is our capability, so we'll make sure it never stops growing. Whether it's from the complex work you do, or the people you collaborate with, you'll learn every day. Through world-class development, you'll gain invaluable technical and personal skills. Whatever your level, you'll learn how to lead.

Connect to your next step

A career at Deloitte is an opportunity to develop in any direction you choose. Join us and you'll experience a purpose you can believe in and an impact you can see. You'll be free to bring your true self to work every day. And you'll never stop growing, whatever your level.

Discover more reasons to connect with us, our people and purpose-driven culture at deloitte.co.uk/careers

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