Vice President, In-Business Risk & Control

CLS-Group•Iselin, NJ

15h•$150,000 - $180,000•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. This is an exciting opportunity for a talented individual to join our Chief Controls office (CCO), a dedicated first line risk and control function. This role offers the successful candidate the opportunity to make an impact and actively contribute to the evolution of the group. As part of the CCO team, you will play a key role: Strengthening 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. Performing controls assurance testing across 1LOD, ensuring remediation plans are in place where appropriate, and partnering with 1LOD to establish a well understood and documented control environment. Driving behaviours to foster a risk-aware and risk intelligent culture where employees recognize their role as risk managers and the importance of the control framework.

Requirements

Proven experience of risk assessment, controls assurance testing and control delivery/remediation, either from a 1LOD ownership perspective or 2LOD/3LOD validation.
Ability to assess, design, and enhance control environments and to drive a risk-aware culture across business units.
Strong problem-solving skills, with a proactive approach to risk mitigation.
Strong written and verbal communication skills.
Attention to detail is essential, demonstrating high standards to the control and oversight of risk.
Knowledge of Financial Services, Financial Markets Utilities or another highly regulated industry sector is essential.
Strong communication skills and collaborative communication style.
Challenge the status quo, be a catalyst for change, driving and cultivating innovative thinking to solve complex problems. Ability to ‘speak up’, break down barriers and provide constructive challenge.
Take professional pride in making a difference, being proactive and delivering best in class solutions, creating long term value by addressing root cause issues.
Build effective working relationships with multiple internal and external stakeholders, negotiating effectively to bring different viewpoints together as appropriate.
Manage ambiguity, operating effectively and decisively to navigate a path forward.
Proficiency in Word, Excel, and PowerPoint and PDF.

Nice To Haves

Qualifications in any of the following specialisms would be beneficial but not essential: Risk Management, Internal Audit, Compliance, Project Management.
Experience of GRC systems is preferred.

Responsibilities

Conduct risk assessments and control evaluations to identify gaps and process inefficiencies.
Contribute to risk appetite statements and emerging risks.
Carry out controls testing as part of RCSA and in remediation of issues and incidents.
Identify and deliver best practices in control standards across CLS and support the business in the identification of risks and controls.
Partner with business units, compliance, audit, and legal teams to enhance risk culture.
Support audit engagements and work with the business to review the findings and define actions.
Represent CCO in working groups as required.
Support the identification, reporting, and resolution of risk incidents and control failures.
Support business owners to design and implement controls proportionate to CLS, including supporting remediation activity.
Contribute to action plans to remediate issues, strengthen controls, and prevent recurrence consider design/operating effectiveness.
Monitor and report on corrective actions.
Contribute to the development of CLS’s testing strategy and methodology.
Identify and deliver best practices in testing and control standards across CLS, engaging with the wider risk and controls teams to support continuous improvement.
Consistently deliver assigned components of the risk assessment and testing plan (RCSA – risk and control self-assessment) on behalf of risk and control owners including reporting progress, escalating concerns and closing out matters identified in testing.
Analyse risk trends and provide insights for proactive risk mitigation.
Ensure accurate documentation and reporting of risk events, control testing, and remediation efforts.

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
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
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.
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.