Consultant, Compliance Risk Management, Compliance Testing

About CLS:

CLS is the trusted party at the centre of the global FX ecosystem. Utilized by thousands of counterparties, 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 - Consultant
• Department – Compliance Risk Management
• Corporate level - Consultant
• Report to – Director, Compliance Monitoring and Testing
• Location – Iselin, NJ
• Rate: 615-830/day

What you will be doing:

• Work independently with minimal Director oversight to conduct and deliver Compliance Testing reviews on the plan in a timely manner and with an appropriate standard of quality
• Assist the Director of Monitoring in Testing with reporting related to the Compliance Testing Plan and its results
• Assist the team in tracking and validating corrective action plans
• Work across departments to develop a monitoring inventory and monitoring standards, identifying gaps and creating project plans where needed
• Apply practical, proportionate and sustainable remediation to compliance risk and conduct issues identified in the course of monitoring and testing.
• Assess optimal technology solutions for conducting testing reviews, creating the monitoring inventory, and implementing monitoring standards.

What we’re looking for:

• Ability to work independently and with minimal oversight while still delivering quality work in a timely manner.
• Proficient in writing clear, concise testing reports.
• Experience with and understanding of industry practices and disciplines with respect to second line compliance monitoring and testing.
• Excellent written and verbal communication and stakeholder management skills at all levels of the organization.
• Proficient engagement, influencing and negotiating skills.
• Proficient in investigative and analytical thinking.
• Strong control and risk management mindset.
• Maintains a professional and engaged presence when working remotely, including consistent on-camera participation in virtual meetings and a home-office environment that supports reliable, productive, and professional work.

Professional qualifications / certifications

• Minimum bachelor’s degree. Postgraduate degree (e.g., JD, MBA) or compliance / testing / audit certifications a plus.
• 5-7 years experience of compliance testing / monitoring / auditing / risk management. Regulatory experience a plus.
• Advanced proficiency in Microsoft Office (i.e., Word, Excel, PowerPoint, Teams) and SharePoint required. Familiarity with Governance, Risk & Compliance (GRC) tools (e.g., Archer) a plus
• Knowledge of a financial market utility or FMU regulatory environment, key legislative requirements and practical implications would be beneficial.
• Experience interfacing with regulators would be beneficial.
• Experience in executing annual monitoring and testing plans.
• Familiarity with corporate compliance programs and standards relative to Federal Reserve SR 08-8 would be beneficial.

Our commitment to employees:

At CLS, we celebrate inclusion and consider this to be one of our strongest assets. We are committed to fostering an environment in which everyone feels comfortable to be who they are, and inclusion is valued. All employees have access to our inclusive benefits, including:

• Holiday - UK/Asia: 25 holiday days and 3 ‘life days’ (in addition to bank holidays). US: 23 holiday days.
• 2 paid volunteer days so that you can actively support causes within your community that are important to you.
• Generous parental leave policies to ensure you can enjoy valuable time with your family.
• Parental transition coaching programmes and support services.
• Wellbeing and mental health support resources to ensure you are looking after yourself, and able to support others.
• Employee Networks (including our Women’s Forum, Black Employee Network and Pride Network) in support of our organisational commitment to embrace and always be learning more about inclusivity.
• Hybrid working to promote a healthy work/life balance, enabling employees to work collaboratively in the office when needed and work from home when they don’t.
• Active support of flexible working for all employees where possible.
• Monthly ‘Heads Down Days’ with no meetings across the whole company.
• Generous non-contributory pension provision for UK/Asia employees, and 401K match from CLS for US employees.
• Private medical insurance and dental coverage.
• Social events that give you opportunities to meet new people and broaden your network across the organisation.
• Annual flu vaccinations.
• Discounts and savings and cashback across a wide range of categories including health and retail for UK employees.
• Discounted Gym membership – Complete Body Gym Discount/Sweat equity program for US employees.
• All employees have access to Discover – our comprehensive learning platform with 1000+ courses from LinkedIn Learning.
• Access to frequent development sessions on a number of topics to help you be successful and develop your career at CLS.