---
title: 'CASS Oversight Manager (f/m/d) at Upvest'
canonical: 'https://feeny.ai/job/cass-oversight-manager-f-m-d-upvest-london-9v47v75jpam3'
type: 'job'
last_seen: '2026-10-31'
---

# CASS Oversight Manager (f/m/d) at Upvest

- **Company:** Upvest
- **Location:** London, United Kingdom
- **Employment:** full-time
- **Posted:** 2026-10-27
- **Last confirmed live:** 2026-10-31
- **Apply:** https://jobs.ashbyhq.com/upvest/09e7161d-c915-467a-bd1c-74220a76e8d8

## Job description

At Upvest, we are on a mission to make investing as easy as spending money. Upvest empowers businesses to offer a wide range of investment products and the best experience in the field of capital market investment and retirement planning. Upvest’s Investment API is easy to integrate so that fintechs and financial institutions can save resources and fully focus on their core business. We are proud to partner with Europe’s leading Fintechs and financial institutions such as DKB, Revolut, N26 and Raisin. Founded in 2017 by Martin Kassing, Upvest now brings together over 270 talented professionals from more than 70 nationalities. Upvest is backed by €280M in total funding from world-class investors, including BlackRock, Tencent, Sapphire Ventures, and Bessemer Venture Partners, Earlybird, Notion Capital, and Motive. Our latest €105M funding round in March 2026 - led by Sapphire and Tencent - serves as a massive catalyst for our growth, allowing us to offer premier investment experience.

About the role: As the CASS Oversight Manager, you are responsible for ensuring that client money and custody assets held by Upvest Securities are protected, segregated and accounted for in full compliance with the FCA’s Client Assets Sourcebook (CASS). You will act as the primary day-to-day authority on CASS, bridging the gap between complex regulatory requirements, our operational processes, our client’s needs and our scalable investment API. You will work closely with Product, Engineering, Compliance, Client and Operations teams to ensure our client asset framework remains robust, evidenced and audit-ready, enabling Upvest to scale its financial infrastructure to millions of end-users while maintaining the highest levels of integrity and trust with regulators, clients, and partners.

What you’ll do:

- Own the CASS oversight framework: Maintain and continuously improve Upvest's CASS risk assessment, controls matrix, policies and procedures across CASS 6, 7, 8, 9 and 10, providing clear guidance to the business on what is and isn't permitted.
- Work with our B2B clients, sales and client impact teams to actively shape solutions and provide advice that enables Upvest to support engaging and accessible investing for millions of end users in a CASS compliant way.
- Oversee reconciliations and client money calculations: Oversee daily client money calculations and internal and external reconciliations of client money and custody assets, ensuring breaks are investigated promptly, shortfalls are funded and root causes are addressed.
- Manage breaches and regulatory reporting: Maintain the CASS breach register, assess materiality, drive remediation and support FCA notifications where required. Own the monthly CMAR submission and act as the primary contact for the annual CASS audit, closing out findings to completion.
- Keep the CASS Resolution Pack live: Ensure the resolution pack is complete, current and retrievable within regulatory timeframes, and that it is updated whenever banks, custodians, key vendors or critical staff change.
- Embed CASS into how we build: Partner with Product and Engineering teams to assess the client asset impact of new products, features and system changes, and to ensure our ledgers, payment flows and custody integrations do what the rules require by design.
- Enhance governance and culture: Produce clear CASS MI for the board and risk committees, deliver CASS training across the organisation, and track FCA developments to assess their impact on Upvest.
- Manage external relationships: Support due diligence and periodic reviews of banks, custodians, and maintain acknowledgement letters and mandate registers in the prescribed form. Feed into TISA and other appropriate forums to gain further industry insights.

What you bring:

- Deep CASS Expertise: Thorough working knowledge of CASS 6, 7, 8, 9 and 10, including client money calculations, reconciliation methods, acknowledgement letters, resolution pack requirements and the SMCR context in which the SMF18 operates.
- Hands-on Client Asset Experience: Several years in a CASS operations, oversight or audit role in practice or at a broker, platform, custodian or wealth manager, with practical experience of breach handling, CMAR reporting and CASS audits.
- Regulatory Analysis Skills: Proven experience in interpreting FCA rules and guidance and translating them into clear actionable operational procedures and controls.
- Stakeholder Management: Strong communication of regulatory requirements to internal and external stakeholders, including engineering and product teams, external auditors and third-party custodians and banks.
- Self-Starter Mentality: A highly organised approach with the ability to work independently, prioritise appropriately, and thrive under pressure, particularly around reporting and audit deadlines.

It’s great if you have:

- Qualifications: Relevant industry certifications such as CISI Client Assets Specialist qualification, an accounting or audit background, or equivalent professional certification in a related discipline.

How we Upvest in you:

- Best-in-class AI tools: Every Upvenger has €20,000 per year to spend on the best AI tools available — so you're always working with the most powerful models and tooling on the market.
- Impact-driven work: We’re building the infrastructure that will power the future of investing in Europe. It’s complex, ambitious, and meaningful. You’ll work with modern technologies and create something entirely new. No legacy systems, no limits.
- Wellbeing: Recharge with 30 days of annual leave and maintain a healthy lifestyle with sports benefits. Access confidential professional coaching and enjoy the flexibility to work remotely abroad for up to 183 days a year. Recharge with UpRest, a one-month fully paid sabbatical after every 4 years of working at Upvest.
- Development: Growth is in our DNA. Each Upvenger has access to a personal development budget and the freedom to decide how to use it.
- Flexible work environment: Work from any of our hubs in Berlin, London or Tallinn hybrid or remotely across Europe, depending on the role. We give you the choice and budget to work where you’re most comfortable and productive, either at home or in the office. You choose.
- Compensation and equity: We believe that all Upvengers contribute to our success and deserve a competitive, above-market salary and a participation in our employee equity program.
- Team celebrations: Participate in company-wide events, such as UpFest, dinners, offsites and our Holiday party, to connect with colleagues and celebrate our achievements.
- Inclusion: We’re committed to a culture where everyone belongs and thrives. Our Employee Resources Groups foster inclusion and connection, like Upfem for our female Upvengers, or UpVergent supporting neurodivergent Upvengers and allies.

Our Values:

- Make it easy for others. We simplify the complex and act with the best intentions.
- Own the outcome. We are proactive, fast and confident to get the job done, valuing progress over perfection.
- Rise to the challenge. We aim high and push the boundaries. We stay curious, learn and celebrate our wins together.
- Tell the story. We start with the Why to align on purpose. We are transparent and share knowledge to empower and inspire others.

Upvest is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.

## About Upvest

## Company Overview
- **One-liner**: Upvest provides an API-first investment infrastructure platform that enables financial institutions to offer brokerage, custody, and wealth management products across Europe and the UK.
- **Entity Type**: Private (Series C+; €105m raised in 2026 on top of €100m Series C in 2024)
- **Headquarters**: Berlin, Germany (additional hubs in London and Tallinn)
- **Founded**: 2017
- **Founders**: Martin Kassing (CEO & Co-founder), Tobias Auferoth (MD & Co-founder), Dr. Til Rochow (CPO & Co-founder)

## Core Business
- **Primary industry**: Financial infrastructure / Investment technology (Fintech)
- **Target customers**: B2B – fintechs, banks, brokers, wealth managers, and other financial institutions across Europe and the UK
- **Mission**: “Making investing as easy as spending money”

## Products & Services
- **Investment API**: A single API that covers brokerage, settlement, and custody, enabling clients to launch and scale investment products (stocks, ETFs, mutual funds, money market funds, ELTIFs, derivatives, bonds – crypto coming soon). Supports fractional investing, savings plans, and model portfolios.
- **All-in-one Platform**: Combines technology, regulatory licences (BaFin and FCA), direct market connectivity, and a partner ecosystem to automate >99% of middle‑ and back‑office processes (order lifecycle, reconciliation, corporate actions, tax handling, regulatory reporting).

## Market Standing
- **Valuation/Market Cap**: Not publicly disclosed
- **Key Metric**: Total funding – €205m+ (€100m Series C in 2024 + €105m in 2026). Over 2 million end users, 100 million+ annual orders, 30+ clients, 20+ markets served.
- **Notable Investors/Partners**: Bessemer Venture Partners, BlackRock, Earlybird, Hedosophia, HV Capital, Motive Ventures, Notion Capital, Sapphire Ventures; angel investors include Maximilian Tayenthal (N26) and Felix Haas (IDnow).
- **Growth Signals**: Crossed 250 employees across 70+ nationalities; opened third office in London (2025); expanded to 20+ markets; reached 100m+ annual orders; secured additional €105m in 2026.

## Competitive Advantages
- **Regulated infrastructure**: Operates as a fully‑fledged custodian under BaFin (Germany) and FCA (UK), reducing clients’ licensing burden.
- **Fractional investing & multi-asset support**: Native fractional shares, automated savings plans, and a multi-asset portfolio engine covering 100k+ instruments.
- **Automation & scale**: Cloud‑native, API‑first architecture that automates >99% of back‑office processes and handles high trading volumes without legacy systems.
- **Speed to market**: Clients can launch investment products across Europe/UK within weeks using a single integration.

## Strategic Focus
- Geographic expansion across Europe (currently 20+ markets) and deepening presence in the UK.
- Adding new asset classes (crypto, more derivatives, etc.) and enhancing the portfolio engine for wealth managers.
- Scaling client base by enabling banks, fintechs, and wealth managers to offer digital‑first, cost‑competitive investment products.

## Why Work Here
- **Flexible work**: Hybrid or remote (within three hours of Berlin timezone). Hubs in Berlin, London, and Tallinn; option to relocate to a hub with visa support.
- **Time off & wellbeing**: 30 days annual leave; one‑month fully paid sabbatical (UpRest) after every 4 years; sports benefits; mental health coaching; possibility to work remotely abroad up to 183 days/year.
- **Development**: €1,500 personal development budget per year; confidential professional coaching; early‑career community (Up&Comers Club) with internships and engineering traineeships.
- **Compensation**: Above‑market salary + employee equity program.
- **Culture**: Impact‑driven, modern tech stack (no legacy), employee‑led resource groups for inclusion, team events (offsites, UpFest, holiday parties).
- **Remote hiring countries**: Austria, Finland, Hungary, Netherlands, Poland, Romania, Spain, Sweden, Switzerland, UK, Ukraine, Estonia.

## Sources
1. [Upvest – About page](https://upvest.co/about)
2. [Upvest – Homepage](https://upvest.co/)
3. [Upvest – Careers page](https://upvest.co/careers)
4. [Upvest – LinkedIn](https://de.linkedin.com/company/upvest)
5. [Upvest – Jobs page (Ashby)](https://careers.upvest.co/jobs)

## Other roles at Upvest

- [Head of Account Management (f/m/d)](https://feeny.ai/job/head-of-account-management-f-m-d-upvest-berlin-n5rgf5rezr2q) — Berlin, Germany
- [Lead/ Head of Sales Europe (f/m/d)](https://feeny.ai/job/lead-head-of-sales-europe-f-m-d-upvest-berlin-hnr1n6qja8vj) — Berlin, Germany
- [Working Student Client Experience (f/m/d)](https://feeny.ai/job/working-student-client-experience-f-m-d-upvest-berlin-eddzma2tmvsf) — Berlin, Germany
- [Senior Site Reliability Engineer (f/m/d)](https://feeny.ai/job/senior-site-reliability-engineer-f-m-d-upvest-berlin-ssx16zavp28t) — Berlin, Germany
- [Payments and Reconciliations Intern (f/m/d)](https://feeny.ai/job/payments-and-reconciliations-intern-f-m-d-upvest-berlin-htab7qwqwkjn) — Berlin, Germany
- [Stagiaire Opérations Titres (f/h/d)](https://feeny.ai/job/stagiaire-operations-titres-f-h-d-upvest-paris-35pmycfrzcw0) — Paris, France
- [Securities Operations Intern (f/m/d)](https://feeny.ai/job/securities-operations-intern-f-m-d-upvest-paris-p679z2h3ykx4) — Paris, France
- [AFC Operations Intern (f/m/d)](https://feeny.ai/job/afc-operations-intern-f-m-d-upvest-berlin-thq5fe9fdyct) — Berlin, Germany
- [Legal Analyst / Research Associate (m/f/d) – part-time, fixed-term](https://feeny.ai/job/legal-analyst-research-associate-m-f-d-part-time-fixed-term-upvest-berlin-ms3a7ydjy1s4) — Berlin, Germany
- [(Senior) Account Executive, Embedded Investments - Europe (f/m/d)](https://feeny.ai/job/senior-account-executive-embedded-investments-europe-f-m-d-upvest-berlin-magz1v7n4n4t) — Berlin, Germany