Assistant Vice President, Business Risk & Control

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.

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 Functional title – Assistant Vice President, Business Risk Control Department – Chief Controls Office Corporate level – Assistant Vice President Report to – Director, Business Risk Control Location – London 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.

Responsibilities

, offering 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 non-financial risks, 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 2LOD/3LOD experience looking for an opportunity to move into 1LOD, or candidates with 1LOD control/ control remediation/ validation experience. 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 Framework Conduct risk assessments and control evaluations to identify gaps and process inefficiencies.

Contribute to risk appetite statements and emerging risks. Identify and deliver best practices in control standards across CLS and support the business in the identification of risks and controls. Stakeholder Engagement Partner with business units, compliance, audit, and legal teams to enhance risk culture.

Support audit engagements and work with the business to review the findings and define actions. Represent CCO in working groups as required. Incident Issue Management Support the identification, reporting, and resolution of risk incidents and control failures.

Contribute to action plans to remediate issues, strengthen controls, and prevent recurrence consider design/operating effectiveness.