Director, Remediation Management

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.

Compensation

+ 401(k) match +

range for this role. Overview of the role: Remediation Management (RM) is a dedicated function responsible for coordinating remediation efforts end-to-end to ensure consistent execution and timely delivery. The function is designed to operate as an enterprise coordination function for remediation of primarily regulatory issues and internally identified issues.

Benefits

Note: Disclosure as required by NY

Pay Transparency

Law of the expected salary

Responsibilities

including the management of committee agendas, including additional oversight of material internally identified issues, and regular reporting to CLS’ Board of Directors. What you will be doing: The Director of Remediation Management is responsible for proactive support and facilitating closure of high-profile regulatory or audit findings across any relevant business line, in accordance with relevant policies and procedures. This role frequently involves mobilization and close coordination with diverse business units and providing remediation guidance, as required throughout the remediation lifecycle.

Stakeholders include the Remediation Sponsor, Executive Management Committee, Remediation Oversight Committee (ROC) (and other internal committees/forums as required), CLS’ Boards and regulators. Activities include fostering cross-functional collaboration whilst remediation teams develop, document deliverables and progress against deliverables, and execute remediation plans to close out issues and address root causes to prevent recurrence. Strategic Planning and Execution – Support relevant business units as they define the remediation strategy, frameworks, and governance required to address relevant issue(s) and root cause(s); including possible participation at relevant Forums/Committee(s).

Root Cause Analysis – Where relevant partner with remediation teams to drive root cause analysis (RCA) to ensure corrective actions address underlying issues. Stakeholder Management – Liaise with senior stakeholders (Executive level) and, in relation to regulatory issues, liaise closely with Regulatory Relations, for example securing proactive engagement and mobilization of remediation programs where required, coordinating input into and providing feedback where relevant and in particular on response letter(s) and engagement with regulators in accordance with Regulatory Relations policies.