Assistant Vice President

Assistant Vice President - Business Risk and ControlIselin, New Jersey, United StatesAbout 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 purposeTrusted guardianTargeted innovationFacilitate connectionsDelivering excellenceInclusive cultureJobFunctional title – Assistant Vice President, Business Risk & ControlDepartment – Chief Controls OfficeCorporate level – Assistant Vice PresidentReport to – Director, Business Risk & ControlLocation – New JerseyExpected full-time salary range between $ 125,000 - $145,000 + 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:This is an exciting opportunity for a talented individual to join our Chief Controls office (CCO), a dedicated first line risk and control function. This role offers the successful candidate the opportunity to make an impact and actively contribute to the evolution of the group.As part of the CCO team, you will play a key role:Strengthening the oversight of operational risk, bringing risk and control subject matter expertise to partner with 1LOD business owners to proactively identify, assess and mitigate risks.Providing cross functional oversight across the first line, driving best practices and consistency in control standards for the effective control of risks to within risk appetite.Performing controls assurance testing across 1LOD, ensuring remediation plans are in place where appropriate, and partnering with 1LOD to establish a well understood and documented control environment.Driving behaviours to foster a risk-aware and risk intelligent culture where employees recognize their role as risk managers and the importance of the control framework.What we're looking for:The role would suit candidates with 1LOD control/ control remediation/ validation experience or external audit, 2LOD or 3LOD experience looking for an opportunity to move into 1LOD.The candidate is a key member of the CCO team who will work closely with 1LOD business owners in the management of risk and controls. This includes but not limited to:Risk Management & Control FrameworkStakeholder EngagementIncident & Issue ManagementTesting strategy and executionCompetencies required for successful job performance:Proven experience of risk assessment, controls assurance testing and control delivery/remediation, either from a 1LOD ownership perspective, external audit or 2LOD/3LOD validation.Ability to assess, design, and enhance control environments and to drive a risk-aware culture across business units.Strong problem-solving skills, with a proactive approach to risk mitigation.Strong written and verbal communication skills.Attention to detail is essential, demonstrating high standards to the control and oversight of risk.Knowledge of Financial Services, Financial Markets Utilities or another highly regulated industry sector is preferred, including experience relating to third party riskStrong communication skills and collaborative communication styleBuild effective working relationships with multiple internal and external stakeholders, negotiating effectively to bring different viewpoints together as appropriate.Challenge the status quo, be a catalyst for change, driving and cultivating innovative thinking to solve complex problems. Ability to 'speak up', break down barriers and provide constructive challenge.Take professional pride in making a difference, being proactive and delivering best in class solutions, creating long term value by addressing root cause issues.Manage ambiguity, operating effectively and decisively to navigate a path forward.Professional qualifications / certificationsQualifications in any of the following specialisms would be beneficial but not essential:Risk ManagementInternal AuditComplianceProject ManagementProficiency in Word, Excel, and PowerPoint. Experience of GRC systems is preferredOur 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.