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 – Vice President, Business Continuity
- Department – Enterprise Resilience
- Corporate level – Vice President
- Report to – Executive Director – Enterprise Continuity
- Location - London
- Base pay / salary (New York) -
What you will be doing:
- Strategic
- Continued enhancement of BCM tools
- Evolving BCM training and exercises
- Support the strategic development of CLS’s BCM program
- Support the development and enhancement of BAU activities
- Operational:
- Liaise and work with all BCM stakeholders – be a ‘go-to’ person.
- Ownership of the on-going planning, preparedness, and maintenance of the CLS pandemic plan.
- Act as dedicated risk subject matter expert for Enterprise Continuity, Crisis Management and Operational Resilience regarding Third Party Risk Management. This includes providing support to TPM team and Procurement team with all elements of the TPM lifecycle. The lifecycle includes but is not limited to: Cat A-B and High Inherent Risk Rated risk assessments, support during exit plan, exit strategy and BCP testing, attending vendor onsite assessment when required, reviewing Master Service Agreements and ensure they meet Resilience standards and any ad hoc support.
- Support the development and implementation of all revised BCM process and procedures.
- Management and maintenance of BCM SharePoint site / documentation
- Ownership for all aspects of BCM training and awareness with CLS globally. This includes annual mandatory training and providing support to new joiners.
- Perform country risk assessments and provide horizon scanning updates to CLS employees.
- Employee business travel support.
- Ownership of the management, identification, and mitigation of BCM risks, working alongside risk to ensure controls, issues, incidents, emerging risks and KRI’s are logged correctly in Archer.
- Development and implementation of CLS Critical Internal Services (Identification of CIS, Setting of CIS impact tolerances, Mapping of CIS, Design and deliver scenario testing, Identification and remediation of CIS vulnerabilities and CIS reporting).
- Support with the key BCM program stakeholders, to ensure that key mandatory, audit, and regulatory requirements are met and completed to agreed timelines.
- Provide cover for other team members.
- BC plan analysis, maintenance, development, support and training.
- Crisis Management support where required.
What we’re looking for:
The candidate shall have the following experience:
- Experience delivering industry leading Business Continuity within the context of cutting edge GSIB and FMI practices and customer expectations.
- Experience in the design and delivery of business continuity scenario testing and associated vulnerability identification and remediation
- Experience of Third Party Resilience program delivery
- Experience across technology, third party, facilities and people risk analysis and mitigation.
- Experience of Operational Resilience implementation.
- Experienced in business process mapping and using these capabilities to produce MI.
- Experience influencing stakeholders across the business, up to C-suite.
- Experience analyzing and delivering enterprise change
- Experience managing enterprise level strategic continuity planning including Cyber, Resolution, Pandemic, Change
- A history of Operational Risk analysis, specifically in the Resilience domain.
- Good understanding of FX products and services with knowledge of the required infrastructure and dependencies.
- Experience in the delivery of projects providing solutions across the breadth of a company’s operations; business process, technology solutions, cyber remediation, third party risk etc.
Professional qualifications / certifications
Recognized qualifications in the following areas will be beneficial:
- Financial regulation
- Resilience / BCM
- Operational / Enterprise Risk Management
- Project Management (e.g Prince / PMI / APM)
- Cyber Management (e.g. CISM)
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
- Experience delivering industry-leading Business Continuity within GSIB and FMI contexts
- Experience designing and delivering business continuity scenario testing and remediation
- Experience delivering Third Party Resilience programs
- Experience across technology, third party, facilities and people risk analysis and mitigation
- Experience implementing Operational Resilience
- Experience with business process mapping and producing management information (MI)
- Proven ability to influence stakeholders up to C-suite
- Experience analyzing and delivering enterprise change
- Experience managing enterprise-level strategic continuity planning including Cyber, Resolution, Pandemic, and Change
- History of Operational Risk analysis within the Resilience domain
- Good understanding of FX products, services, infrastructure and dependencies
- Experience delivering cross-functional projects across business process, technology solutions, cyber remediation and third party risk
- Recognised qualification in Financial regulation
- Recognised qualification in Resilience / BCM
- Recognised qualification in Operational / Enterprise Risk Management
- Project Management qualification (Prince / PMI / APM)
- Cyber Management certification (e.g. CISM)
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.
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