Senior Associate, Liquidity & Market Risk Management

About CLS:

CLS is the trusted party at the centre of the global FX ecosystem. Utilized by thousands of counter parties, 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

Job information:

• Functional title - Senior Associate - Liquidity and Market Risk
• Department - Risk and Compliance
• Corporate level - Senior Associate
• Report to - John Wang
• Location - Metropark NJ
• Expected full-time salary range between $ 90K - $105K + variable compensation + 401(k) match + benefits.
  • Note:
    
    Disclosure as required by NJ Pay Transparency Law of the expected salary compensation range for this role.

Summary

As a Senior Associate in the Liquidity and Market Risk Management (LMR) team, you will play a pivotal role in managing liquidity and market risk strategies for our organization. You will assist in the assessment and analysis of risk impact and benefits in offering new strategic initiatives of CLS and on-boarding new members and currencies onto CLS.

In addition, you will engage in day-to-day risk monitoring activities and contribute to the continuous improvement of our risk management processes, including but not limited to performing liquidity risk analysis for market events affecting CLS Settlement services, conducting stress testing for enhanced risk monitoring, preparing management risk reporting, and executing model risk management responsibilities as a model owner.

Responsibilities

• Perform liquidity analysis to assess the risk and benefits as part of CLS Settlement participation expansion and offering new strategic initiatives.
• Perform daily and quarterly stress testing to assess the impact of potential member pay-in failures for heightened settlement monitoring as part of Regulatory requirement.
• Perform risk impact analysis in response to market and geopolitical events that may affect CLS Settlement service.
• Enhance existing LMR processes by automating or enhancing them to minimize operational errors and make day-to-day work efficient.
• Conduct on-going model monitoring and enhance model documents for LMR's owned model in accordance with the Model Risk Policy requirements.
• Code and implement benchmarking models for LMR's owned model as part of MRM's on-going monitoring requirement.
• Prepare detailed risk reports for internal stakeholders and regulators to support management reporting and RCSA processes.

Experience:

• Three + years of work experience in banking, consulting, or other financial institutions.
• Degree in computer science, finance, economics or quantitative discipline, MS/MBA preferred.
• Strong quantitative skills and experience in financial analytics and risk methodologies.
• Strong discipline of vetting own work and attention to detail to deliver high quality work products.
• Possess excellent critical thinking capabilities and problem-solving skills.
• Strong communication and interpersonal skills.
• Ability to work collaboratively with cross-functional teams.
• Advanced SQL, R, Python, and Excel VBA skills.
• Proficient in interpreting, data cleaning, manipulating, and performing analysis with large amounts of data.

Our commitment to employees:

At CLS, we celebrate inclusion and consider this to be one of our strongest assets. We…