Senior Associate, Operations - Night Shift

Senior Associate, Operations
- Night Shift

Iselin, New Jersey, United States

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

Functional

Title:

Senior Associate, Operations
- Night Shift

Department:
Operations

Corporate Level: Senior Associate

Reports To:

Vice President, Operations - EMEA Shift

Location:

New Jersey (night shift)

Expected full-time salary range between $88, + variable compensation + 401(k) match + benefits.

Note:

Disclosure as required by NY Pay Transparency Law of the expected salary compensation range for this role.

What you will be doing:

• Effectively monitor the CLS production and testing (JAS) services operating Sunday to Friday, 12:00am – 08:00am est.
• Primarily monitoring the settlement service during the funding and settlement window and escalating any non-performance, ensuring settlement and funding completes within the set deadlines.
• Executing failure management scenarios in the event of settlement and funding not competing within the set deadlines, often working within time sensitive deadlines.
• Ensure the timely completion of scheduled operational tasks and system events as per the daily operational checklist.
• Escalate any failure of any of the Core systems and its packages, any of the business systems, any of the communications networks (SWIFT FIN, SWIFT NET, AMH and Kyndryl Global Network) and any data feeds.
• Liaising with Members, Liquidity Providers, Central Banks, RTGS system operators and Nostros regarding testing and trialing activities, failure of processes/systems and day to day operational processes.
• Monitor key deadlines, including opening / closing of RTGS systems and service specific timeline activities, ensuring successful completion against expectations.
• Provide excellent client service to CLS' existing and potential customers.
• Adhere to the CLS policies & procedures, including Compliance guidelines and maintaining a thorough knowledge of OFAC and AML requirements.
• Support the CLS test services in-line with current live operational procedures, working closely with other departments to ensure all User Acceptance Testing is performed and delivered on time.
• Perform project work as required, supporting the Strategy and Change Management Team on growth and improvement initiatives by providing operational input and support, conducting testing, updating procedures, etc.
• Develop strong relationships with other key departments within CLS. This includes Operations Management, our London counterparts, Risk, Compliance, Legal and Sales.
• Produce and distribute regular internal and external facing reports in various formats, e.g. Word/Excel/Email.
• Follow established policies and procedures and contributes to implementing new policies and procedures as required
• Following the occurrence of a service-related incident, work to enhance controls, and improve our ability to deliver against the CLS timeline.
• Contribute to the successful execution of the Operations Strategy and Continuous Improvement Plan
• Provide support and Operational input to the key CLS Strategic Initiatives as…