In-Business Risk & Control Contractor

CLS-Group•Iselin, NJ

2d•Hybrid

About The Position

CLS is the trusted party at the centre of the global FX ecosystem. Utilized by thousands of counterparties, CLS makes FX safer, smoother and more cost effective. Trillions of dollars’ worth of currency flows through our systems each day. Created by the market for the market, our unrivalled global settlement infrastructure reduces systemic risk and provides standardization for participants in many of the world’s most actively traded currencies. We deliver huge efficiencies and savings for our clients: in fact, our approach to multilateral netting shrinks funding requirements by over 96% on average, so clients can put their capital and resources to better use. CLS products are designed to enable clients to manage risk most effectively across the full FX lifecycle – whether through more efficient processing tools or market intelligence derived from the largest single source of FX executed data available to the market. Our ambition to make a positive difference starts with our people. Our values underpin everything that we do at CLS and define our working environment: Pivotal purpose, Trusted guardian, Targeted innovation, Facilitate connections, Delivering excellence, Inclusive culture.

Requirements

Experience of Internal Audit engagement, control remediation and audit validation either from a 1LOD ownership perspective or 2LOD/3LOD validation.
Knowledge of Technology delivery within Financial Services, and ability to demonstrate an understanding of key challenges and risks which must be mitigated and managed to enable successful delivery.
Minimum of 5 years or more of experience in one of more of the following: Technology Risk Management, Internal Audit, Compliance.
Knowledge of Financial Services, Financial Markets Utilities or another highly regulated industry sector is essential.

Nice To Haves

Experience of regulatory engagement preferred.
Qualifications in any of the following specialisms would be beneficial but not essential: Risk Management, Internal Audit, Compliance, Project Management, Technology process governance.

Responsibilities

Improving the oversight of non-financial risks, bringing risk and control subject matter expertise to partner with 1LOD business owners to proactively identify, assess and mitigate risks.
Providing cross functional oversight across the first line, driving best practices and consistency in control standards for the effective control of risks to within risk appetite.
Driving behaviors to foster a risk-aware and risk intelligent culture where employees recognize their role as risk managers and the importance of the control framework.
Develop and implement a consistent, effective and efficient approach to the control of risks.
Identify and deliver best practices in control standards across CLS.
Lead Technology’s engagement with Audit, also key liaison with 2LOD Risk and Compliance.
Support the identification, assessment of risks and controls.
Review remediation plans from a risk/control lens to ensure risks are sufficiently addressed, consider design/operating effectiveness, strategic/tactical solutions etc.
Monitor and report on corrective actions.
Contribute to risk appetite statements and emerging risks.
Review KRIs to ensure meaningful metrics for management oversight, review/challenge breaches to understand root causes, consult on lessons learned exercises and work with business owners to develop a ‘path to green’ where appropriate.
Consolidate and report on the results of risk and control activity to internal stakeholders, escalating as required.
Support adhoc cross-Technology control initiatives where appropriate.
Build strong relationships with peers to enable cross functional oversight, and develop and implement best practices.
Share knowledge and experience with other members of the team, driving consistency and ‘added value’.
Establish positive working relationships with senior stakeholders across the business.

Benefits

25 holiday days and 3 ‘life days’ (in addition to bank holidays) for UK/Asia employees.
23 holiday days for US employees.
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.
Active support of flexible working for all employees where possible.
Monthly ‘Heads Down Days’ with no meetings across the whole company.
Generous non-contributory pension provision for UK/Asia employees.
401K match from CLS for US employees.
Private medical insurance and 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.
Access to 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.