Assistant Vice President, Compliance Monitoring and Testing
About The Position
CLS is a trusted entity within the global FX ecosystem, serving thousands of counterparties by making FX safer, smoother, and more cost-effective. Trillions of dollars in currency pass through our systems daily. Established by and for the market, our settlement infrastructure reduces systemic risk and standardizes processes for participants in major currencies. We provide significant efficiencies and savings, with our multilateral netting approach reducing funding requirements by over 96% on average, allowing clients to optimize capital and resources. CLS products are designed to help clients manage risk effectively throughout the FX lifecycle, offering efficient processing tools and market intelligence derived from the largest single source of FX executed data. Our ambition to make a positive impact begins with our people, guided by our values: Pivotal purpose, Trusted guardian, Targeted innovation, Facilitate connections, Delivering excellence, and Inclusive culture.
Requirements
- Minimum bachelor’s degree.
- 3-5 years’ experience of compliance testing / monitoring / auditing / risk management.
- Strong analytic capabilities.
- Excellent communications skills to influence stakeholders.
- Ability to work independently (with limited direct authority) to assess and identify gaps and influence outcomes.
- Ability to take initiative for next steps with limited instruction.
- Advanced proficiency in Microsoft Office (i.e., Word, Excel, PowerPoint) and SharePoint required.
- Proficiency in regulatory requirements e.g. Prudential, BSA/AML, Privacy.
- Experience in executing testing plans.
Nice To Haves
- Postgraduate degree (e.g., JD, MBA) or compliance / testing / audit certifications a plus.
- Regulatory experience a plus.
- Familiarity with Governance, Risk & Compliance (GRC) tools (e.g., Archer) a plus.
- Knowledge of a Financial Market Utility regulatory environment, key legislative requirements and practical implications would be beneficial.
- Familiarity with corporate compliance programs and standards relative to Federal Reserve SR 08-8 would be beneficial.
Responsibilities
- Ability to write Compliance Testing reports clearly and concisely that require little to no oversight or rewrite.
- Manages stakeholder engagement independently.
- Ability to independently scope a review after reviewing related regulations, the related CRA as well as conversations with Advisory Compliance.
- Takes initiative for next steps with limited instruction.
- Has enough experience with Compliance Testing to propose solutions to make the team’s processes (and related documents like templates) more efficient.
- Works independently (with limited direct authority) to assess and identify gaps and influence outcome.
- Takes ownership and accountability for deliverable timelines and work quality.
- Maintains relationships and networks and engage with senior stakeholders across the firm to advise on key areas of expertise that support the mitigation of compliance risk.
- Adapts communication style to differing audiences to support and drive cross functional collaboration.
- Has judgement-based decision making in areas of elevated compliance risk and adapt policies and procedures.
Benefits
- 401(k) match
- 2 paid volunteer days
- Generous parental leave policies
- Parental transition coaching programmes and support services.
- Wellbeing and mental health support resources
- Employee Networks (including our Women’s Forum, Black Employee Network and Pride Network)
- Hybrid working
- Flexible working
- Monthly ‘Heads Down Days’ with no meetings across the whole company.
- Generous non-contributory pension provision for UK/Asia employees
- Private medical insurance
- Dental coverage
- Social events
- Annual flu vaccinations.
- Discounts and savings and cashback across a wide range of categories including health and retail for UK employees.
- Discounted Gym membership – Complete Body Gym Discount/Sweat equity program for US employees.
- Discover – our comprehensive learning platform with 1000+ courses from LinkedIn Learning.
- Access to frequent development sessions on a number of topics to help you be successful and develop your career at CLS.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
