Assistant Vice President, Compliance Advisory

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.

To be considered for an interview, please make sure your application is full in line with the job specs as found below.

Job information:

• Functional title – Assistant Vice President
• Department – Compliance Risk Management
• Corporate level – Assistant Vice President
• 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.

What you will be doing:

• 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.

What we're looking for:

• 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 workstreams 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.

Professional qualifications / certifications

• Minimum bachelor's degree; Postgraduate degree (e.g., JD, MBA) or compliance / testing / audit certifications a plus
• 5-7 years professional experience in Regulatory Compliance / risk management in Banking/Financial Services.
• Strong analytic capabilities; excellent communications skills to influence stakeholders
• Ability to work independently (with limited direct authority) to assess and identify gaps and influence outcomes
• Advanced proficiency in Microsoft Office applications (Word, Excel and PowerPoint). Familiarity with Governance, Risk & Compliance (GRC) tools (e.g., Archer) a plus
• Progress towards, or interest in, a relevant professional qualification (e.g. ICA, CAMS) is desirable but not essential.
• Proficiency in regulatory requirements e.g. Prudential, BSA/AML, Privacy
• Knowledge of a Financial Market Utility regulatory environment, key legislative requirements and practical implications would be beneficial

Our commitment to employees:

We are a small company with a big mandate, so every person is essential to our success. We are also committed to employing and retaining the most talented and dedicated people.

What makes us interesting goes beyond our competitive salaries and great benefits. Our work environment is designed around quality outcomes, not output. The FX market would cease to function without our services, and we take pride in being responsible for keeping it running smoothly.

We are different from other financial institutions in that we have a flatter and more transparent structure, with accessible leadership. You will be seen, heard and empowered to develop your career.

We are a purpose-driven organization, with an inclusive culture that focuses on doing what is right. The well-being of our people is as important to us as the resilience of our systems. xhyhwjd In addition to encouraging our people to 'locate for their day,' we run a range of initiatives that support a sense of belonging, as well as physical, emotional and mental well-being.

Our extensive benefits for employees typically include:

• Vacation/annual leave: 25 days in UK/Asia + 3 life days, 23 in US + 3 life days
• Private medical and dental cover and life insurance
• Generous pension contributions in the UK and Asia; matching 401(k) in the US
• Paid volunteer days
• 'Locate for your day' hybrid working - 2 days a week in office
• Access to Discover – our learning platform with 1000+ courses from LinkedIn Learning
• Paid parental leave / Coaching and support services
• Career development / LinkedIn Learning
• 'Heads down days' with no meetings on the last Friday of every month
• Wellbeing / Mental health support
• Employee Networks (Black Employee Network, Parents & Caregivers Network, Pride Network, Sustainability Network, Veterans Network, Women's Forum)
• Social events

Awards:

• The Sunday Times Best Places to Work 2023, 2024, 2025 / Big Company / The Sunday Times Awards
• Third place in Britain's Healthiest Workplace 2022 / Medium Company / Vitality Awards