Associate, Operations, Due Diligence

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.

• Department
  - Onboarding and Due Diligence
• Report to – Vice President, Operations
  - Onboarding & Due Diligence
• Expected full-time salary range between $81,000 - $93,000 + variable compensation + 401(k) match + benefits.
• Note:
  
  Disclosure as required by NY Pay Transparency Law of the expected salary compensation range for this role.

The Associate Due Diligence role is a pivotal position within our Operations department, designed to ensure that we maintain the highest standards of compliance and risk management. This role is particularly suited for candidates with a background in Financial Services, Banking, or Financial Market Infrastructure firms. The successful candidate will play a critical role in safeguarding our organization by conducting thorough due diligence on clients, thereby mitigating potential risks associated with onboarding new business relationships.

As an Associate in this role, you will be responsible for executing detailed assessments, collecting and analyzing key information. Your insights will contribute to the formulation of strategic recommendations that align with our organizational objectives. In addition, you will collaborate closely with cross-functional teams to ensure adherence to the Due diligence team’s requirements and internal policies.

Key tasks will include the completion of questionnaires, attestations, preparation of Member Notices, performing extensive research, preparing comprehensive reports, and presenting findings to senior management. You will also be involved in enhancing our due diligence processes by identifying areas for improvement and implementing best practices. This dynamic position offers an excellent opportunity to develop your expertise in client risk assessment while contributing to the overall success of the organization.

• Manage the process of completing due diligence questionnaires and maintain a repository of due diligence questions and answers for CLS’s suite of services covering Settlement, Processing and Data for questionnaires received from members, participants and business partners and its prospects. Ensure the highest level of accuracy and completeness, meeting the required deadlines.
• Collaborate with all key departments including Client Engagement, Product, Risk, Operations, IT, Legal, and Compliance, to complete the questionnaire(s) and update the inventory of due diligence questions.
• Prepare detailed reports and presentations for senior management review.
• Maintain accurate and up-to-date client records in accordance with policies.
• Identify potential areas of risk and recommend mitigation strategies.
• Familiarize oneself with CLS’s product suite to have the understanding and the background required to undertake and support the completion of the due diligence questions.
• E…