Assistant Vice President, Compliance Monitoring and Testing

Assistant Vice President, Compliance Monitoring and Testing

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

Job Information:

• Functional
  
  Title:
  
  Assistant Vice President
• Department:
  Compliance Risk Management
• Corporate Level: Assistant Vice President
• Reports To:
  
  Director, Compliance Monitoring and Testing
• Location:
  
  HXO, MPO
• Expected full-time salary range between $ 125K - 135K + variable compensation + 401(k) match + benefits

The Compliance Monitoring & Testing team sits within the second line of defence in Compliance Risk Management.

The Assistant Vice President ("AVP") of Compliance Monitoring & Testing plays a critical role with the second line of defence and will provide leadership, expertise and structure to support the ongoing maturation of the Compliance Program and the continuous improvement to enhance the proactive oversight of compliance risk.

The AVP will be required to stay abreast of developments on regulatory requirements and best practices to ensure the monitoring and testing framework remains fit for purpose and that controls gaps are identified to ensure effective compliance risk management.

What you will be doing :

• Ability to write Compliance Testing reports clearly and concisely that require little to no oversight or rewrite
• Manages stakeholder engagement independently.
• Ability to independently scope a review after reviewing related regulations, the related CRA as well as conversations with Advisory Compliance
• Takes initiative for next steps with limited instruction
• Has enough experience with Compliance Testing to propose solutions to make the team's processes (and related documents like templates) more efficient
• Works independently (with limited direct authority) to assess and identify gaps and influence outcome
• Takes ownership and accountability for deliverable timelines and work quality
• Maintains relationships and networks and engage with senior stakeholders across the firm to advise on key areas of expertise that support the mitigation of compliance risk
• Adapts communication style to differing audiences to support and drive cross functional collaboration
• Has judgement-based decision making in areas of elevated compliance risk and adapt policies and procedures

What we are looking for :

• Minimum bachelor's degree;
  Postgraduate degree (e.g., JD, MBA) or compliance / testing / audit certifications a plus
• 3-5 years' experience of compliance testing / monitoring / auditing / risk management;
  Regulatory experience a plus
• Strong analytic capabilities; excellent communications skills to influence stakeholders
• Ability to work independently (with…