Global IBA & Cash Operations Manager

Optio; Greater London; Vor Ort; GBP 90.000 - 120.000; Vollzeit

Zusammenfassung

Optio is seeking an IBA Manager to lead end-to-end governance of Insurance Broking Accounts across onshore UK and offshore operations. You will oversee client money, premium collection, claims handling and ensure FCA CASS 5 compliance, with robust reconciliation and reporting.

Reporting to the Head of UMT, you will manage cross-location teams, drive process improvements, and collaborate with auditors, regulators and service providers to maintain high standards of controls and service delivery.

Qualifikationen

• Proven experience managing Insurance Broking Accounts (IBA) and client money within an MGA, broker, insurer or Lloyd's market environment.
• Strong working knowledge of FCA client money rules (CASS 5) and relevant regulatory requirements.
• Experience managing teams across multiple locations, including offshore or outsourced operations.

Aufgaben

• Own and control the IBA function, ensuring client, insurer and broker money is handled in compliance with regulatory client money rules and internal treasury policy.
• Manage the daily cash and banking cycle across all currencies and banking relationships.
• Oversee non-statutory trust accounts and ensure segregation of client money at all times.
• Ensure timely bank reconciliations with robust review and sign-off controls.
• Monitor cash collection cycle and area of focus like Unmatched Cash and Bad Debt Provision.
• Maintain control framework around client money calculations and resolution of shortfalls/surpluses.
• Act as main contact for auditors, regulators and compliance on IBA, cash and banking matters.
• Drive continuous improvement of IBA processes and automation of reconciliation and reporting.
• Provide management information on cash, banking and IBA performance to senior management and the Board.

Kenntnisse

Insurance broking

Treasury & cash management

Regulatory compliance

Team leadership

Offshore operations

Stakeholder management

Process improvement

Tools

Global XB

Jobbeschreibung

Optio is seeking an IBA Manager to lead end-to-end governance of Insurance Broking Accounts across onshore UK and offshore operations. You will oversee client money, premium collection, claims handling and ensure FCA CASS 5 compliance, with robust reconciliation and reporting.

Reporting to the Head of UMT, you will manage cross-location teams, drive process improvements, and collaborate with auditors, regulators and service providers to maintain high standards of controls and service delivery.