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 underpin everything that we do at CLS and define our working environment:
- Pivotal purpose
- Trusted guardian
- Targeted innovation
- Facilitate connections
- Delivering excellence
- Inclusive culture
Job information:
- Functional title - Assistant Vice President, Procurement
- Department - Procurement
- Corporate level - Assistant Vice President
- Report to - Director, Procurement
- Location - London
What you will be doing:
CLS recognizes procurement capability plays a key role in supporting the delivery of value and the management of risk with third parties.
The procurement function is in the middle of a multi-year transformation journey to deliver on its Vision – We seek to provide a frictionless and strategic Procurement service to CLS, that embeds our risk culture and delivers added value by applying our expertise, leveraging the market, building trust, and enhancing collaboration with our Business Partners.
This new role will be an integral component of delivering this vision.
The Assistant Vice President, Procurement, based in London, will lead and support third party management activities, ensuring the effective management of Third-Party engagements and adherence to procurement policies and controls. This role involves working closely with stakeholders and third parties to deliver cost savings, optimize commercial positions and manage third party risk. Key responsibilities include:
- Manage a “book of work” (vendors and spend categories) covering the Third Party Management lifecycle which includes sourcing, commercial management, contracting and ongoing monitoring of vendors.
- Understand and ensure functional and business compliance to Third Party Management policies, procedures and controls.
- Engage with business stakeholders to understand and deliver against business requirements and objectives.
- Support the broader procurement team when/ where needed to deliver against the functional agenda.
- Monitor and maintain reporting against “book of work” dashboards, trackers and reports.
What we’re looking for:
- Expert in contract reviews – ability to quickly understand, review and interpret contract clauses, and negotiate an optimal contractual position for CLS.
- Strong task management – ability to manage priorities, review and deliver against a high volume “book of work”.
- Proficient in the use of Microsoft suite to support data analytics and recommendation / decision making.
- Experience working in procurement systems (Oracle Coupa, SAP/Ariba)
- Strong written and verbal communication skills.
- Strong attention to detail and accuracy,
- Good knowledge of procurement best practices,
- Excellent interpersonal skills to engage with large number of stakeholders.
- Strong team working / improvement ethic to support the delivery of the functional transformation agenda.
Professional qualifications/certifications:
- Degree educated preferred
- Minimum 5 years work experience in a Procurement role
- Experience of working in “Corporate” spend categories ie HR, Travel, Property & FM, Marketing, Legal, Professional Services.
- Regulated industry experience preferred
Our 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.
Skills Required
- Expert in contract reviews and negotiations
- Strong task management skills
- Proficient in Microsoft Suite for data analytics
- Experience with procurement systems (Oracle Coupa, SAP/Ariba)
- Strong written and verbal communication skills
- Strong attention to detail and knowledge of procurement best practices
- Excellent interpersonal skills to engage with stakeholders
- Minimum 5 years work experience in Procurement
- Regulated industry experience preferred
What We Do
In 2022, we celebrate 20 years of delivering unprecedented levels of risk mitigation, liquidity optimization and operational efficiencies. Trusted by thousands of counterparties within the global FX ecosystem, 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 unrivaled 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 you can put your capital and resources to better use. Our complementary products are designed to enable you to manage your 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.
