Assistant Vice President, Compliance Advisory

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.

• Functional title – Assistant Vice President
• Department – Compliance Risk Management
• Report to – Director, Compliance Risk Management
• Location – Iselin, New Jersey
• Expected full-time salary range between $136,000 - $159,000 + variable compensation + 401(k) match + benefits.
• Note:
  
  Disclosure as required by NY Pay Transparency Law of the expected salary compensation range for this role.

• Provide day-to-day internal support to the Regulatory Compliance team on routine queries, directing and escalating more complex or sensitive issues to senior advisors as appropriate.
• Support the annual Compliance Risk Assessment by data gathering, updating assessment templates, and helping prepare materials for senior management review.
• Assist in the execution of BAU monitoring and control testing activities (e.g. sample checks, QA reviews), performing defined testing steps, documenting results, and drafting clear summaries for review.
• Provide review and challenge of policies and procedures ensuring they are current and aligned with regulatory requirements and internal standards.
• Prepare and maintain regular reporting and management information on compliance matters, supporting reporting into relevant committees and governance forums.
• Support regulatory change activities impacting CLS by assisting with impact assessments, documenting requirements, and helping to embed changes into policies, procedures, and internal frameworks.
• Perform horizon scanning for regulatory and industry developments relevant to CLS, logging developments and helping draft internal summaries.
• Provide general support to the Compliance Risk Management Advisory including maintaining trackers, logs, and shared documentation and contributing to process improvements.

• Prior experience in regulatory compliance and/or finance crime compliance, or related role within financial services or a regulated environment.
• Comfortable working with stakeholders with good organizational skills for managing multiple work streams and deadlines.
• Prior experience supporting internal audit engagements and remediation efforts. Knowledge of a financial market utility or FMU regulatory environment, key legislative requirements and practical implications would be beneficial.
• Prior experience interfacing with banking regulators would be beneficial.
• Understanding of payments and foreign exchange markets a plus.
• Ability to manage urgent requests in a timely manner.
• Excellent verbal and written communication skills.
• Self-starter with the ability to work independently and proactively solve problems.
• High level of attention to detail.
• Willing and enthusiastic about learning and committed with a desire to succeed.
• 5-7 years professional experience in Regulatory Compliance / risk management in Banking/Financial Services.
• Str…