Vice President, Remediation Management

CLS-Group•Iselin, NJ

30d•$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.

Requirements

5+ years’ experience in management of remediation projects, compliance, risk management, or audit, particularly with financial services, insurance, or highly regulated environments
Deep understanding of regulatory frameworks (e.g., Regulation HH, CPMI-IOSCO, PFMI) and experience with regulatory change management
Proven capability to lead complex remediation projects, managing budgets, resources, and timelines
Experience with risk assessments, data lineage, control testing, and evidence mapping
Exceptional written and verbal communication skills, able to produce clear, concise, ‘board and regulator-ready’ documents
Strong ability to hold action owners accountable and influence senior leadership in high-pressure, fast-paced environments
Strong problem-solving skills to manage ambiguity and analyze large, complex data sets

Nice To Haves

Relevant certifications (e.g., CPA, CIA, risk, project management certifications) are advantageous

Responsibilities

Assists the Director in proactive support and facilitating closure of high-profile regulatory or audit findings across any relevant business line, in accordance with relevant policies and procedures.
Fosters cross-functional collaboration whilst remediation teams develop, document deliverables and progress against deliverables, and execute remediation plans to close out issues and address root causes to prevent recurrence.
Supports relevant business units as they define the remediation plans, and governance required to address relevant issue(s) and root cause(s); including possible participation at relevant Forums.
Supports the Director with remediation teams to drive root cause analysis (RCA) to ensure corrective actions address underlying issues.
Liaises with stakeholders and, in relation to regulatory issues, liaises closely with Regulatory Relations, for example supporting proactive engagement and mobilization of remediation programs where required, aligning input into and providing feedback where relevant and in particular on response letter(s) and engagement with regulators in accordance with Regulatory Relations policies.
Drafts ‘Board and regulator-ready’ reporting, including tracking Corrective Action Plans, KPIs and milestones, and provides updates on risk status to the director for senior management and relevant stakeholders.
Supports alignment of Corrective Action Plans to facilitate consistent tracking and reporting into Steering Committees, ROC and Board level committees.
Maintains the procedure; coordinates and collaborates with key stakeholders in the end-to-end remediation process to monitor adherence to the procedure.
Assists the collection of documentation to support response letter(s).
Coordinates scheduling, prepares comprehensive meeting packs, records accurate minutes, tracks action items, and ensures all meetings align to corporate compliance and governance standards for the Remediation Oversight Committee (ROC).

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
Hybrid working
Flexible working
Monthly ‘Heads Down Days’ with no meetings
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.
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.