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 - Protect, Improve, Grow - underpin everything that we do at CLS and define and shape a supportive and inclusive working environment in which everyone is encouraged to be open and forward-thinking. Strategic
- Assume a process leadership role within FCC Risk w/r/t FCC Risk Model Management creating, drafting and implelmenting frameworks, policies, and controls, particularly for compliance with enhanced regulatory compliance with ML TF & Sanctions model documentation, tuning, and ongoing monitoring cascading where appropriate within CLS
- Drive the implementation of new and enhanced coverage scenarios for the Aggregated Monitoring Tool (AMT) used in transaction monitoring for customers and their customers ('Third Parties')
- Support the delivery of the Annual Model Validation and ongoing monitoring requirements for the FCC model inventory
- Collaborate with the FCC VPs and AVPs in their coverage areas regarding model results, and process or tuning opportunities
- Drive the Model change program for enhancements to internal and external models invluding where nexessary collaboration with vendors, or internal model developers
- Lead the data collection and analysis workstream for the ML TF & Sanctions, and AB&C Risk assessments, including identifying opportunities to improves the process for existing data as well as new metrics
- Support the enhancement of the AML framework with a focus on additional opportunities to improve data analytics, data mining and IT support (Excel, Microstrategy, IT projects)
- Capable of representing FCC across the various working groups and strategic projects within the firm, including Model Advisory and Approval Committee (MAAC)
- Enhance controls framework for data and model related activities
- Execute process enhancements with a commitment to consistency and successful implementation within the set targets and deadlines.
Operational
- Execution of the AML compliance program by conducting 314A searches, and dispositioning the compliance risk management framework alerts. (may transition to 1st LoD)
- Develop metrics and analyze investigations related data for monitoring and reporting.
- Ensure Compliance's AML-related requirements are met with respect to CLS's new products, strategic initiatives, and technology upgrades.
- Support Internal Audit reviews aimed at testing adequacy of BSA/AML program objectives and accompanying controls, policies and procedures.
- Analyse and report financial crime compliance related data
- Design and execute reports supporting model and data management within FCC Risk.
- Drive opportunities to create increasingly complex reports over time (e.g. individual customer profile, year-on-year growth of customers by region, for each currency, and grouped by counterparty type, etc) in support of annual risk assessment and model monitoring and tuning.
Person specification Qualifications ( Gained at School or High School / College or University), professional or specialist qualification) Essential Desirable University/ B.A. or B.S. degree X Advanced Degree or equivalent work experience in data, statistics, math or computer science X CAMS or other AML / Sanctions designation X Experience required (Sector knowledge, specific work/projects, product knowledge) Minimum 10 years' experience in (ideally in Anti-Money Laundering, Sanctions, or another Financial Crime Compliance or Risk discipline) at a financial institution or similar X Technical writing experience in drafting BSA/AML risk assessments, policies and procedures, analysis memos, and Suspicious Activity Reports (written sample is required). X AML risk management demonstrable experience. X Advanced proficiency in Microsoft Office packages (Word, Excel and PowerPoint) X Person Profile
- Ability to work effectively with staff representing all disciplines within the firm in order to achieve results.
- Ability to operate in an independent manner without close supervision is essential as is the ability to call out challenges and solutions. Understanding of priorities and adherence to deadlines.
- Professional presentation skills, including excellent writing and public speaking capabilities; ability to project a professional demeanour at all times.
- Ability to work constructively and flexibly in a small team environment, and to assist at the direction of the Business Risk and Control and Financial Crime Compliance Leads in the execution, tracking and management of a variety of tasks.
- Strong organizational and project management skills.
- Self-starter and ability to work independently.
- Can evidence strategic planning, organization and time management skills.
- High level of attention to detail.
- The ability to interact comfortably with, and manage relationships with senior stakeholders and regulators.
Expected full-time salary range between $175,000 - $230,000 + variable compensation + 401(k) match + benefits.*Note: Disclosure as required by NY Pay Transparency Law of the expected salary compensation range for this role Our commitment to employees: At CLS, we celebrate diversity 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.
- Affinity Groups (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 DE&I.
- 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.