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.
Job information:
- Functional title - VP, Financial Crime Compliance
- Department - COO
- Corporate level - VP
- Report to - Eboni Bell
- Location - NYC
- Expected full-time salary range between $ 125,000 - $200,000 + variable compensation + 401(k) match + benefits.
- Note: Disclosure as required by NY Pay Transparency Law of the expected salary compensation range for this role.
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What you will be doing:
The Financial Crime Compliance (FCC) team is part of the first line of defense (1LOD) within the Operations division. This position supports the FCC Director in the ongoing implementation, execution, and enhancement of the FCC framework within 1LOD by performing AML and sanctions related control activities. Responsibilities will include:
- Lead the periodic Customer Due Diligence (CDD) review process, ensuring adherence to designated account review timelines and assist with completing Know Your Customer (KYC) requirements for new customers.
- Oversee daily processing and disposition of adverse media and PEP screening alerts.
- Assist with maintaining all written FCC 1LOD procedures and documented controls.
- Provide support for internal audit reviews and external regulatory exams aimed at testing the adequacy of BSA/AML and Sanctions program objectives and accompanying controls, policies and procedures.
- Assist with the remediation of audit and exam findings by contributing to the design and delivery of corrective action plans.
- Assist with the ongoing monitoring, assessment, and testing of controls in connection with the quarterly Risk and Control Self-Assessment process.
- Actively support the implementation and execution of FCC-related requirements for new CLS products and initiatives.
- Supervise junior members of the team, including coaching and training to drive consistency.
What we’re looking for:
- Demonstrated BSA/AML/KYC subject matter expertise.
- Prior experience leading or supporting customer onboarding / KYC/ periodic reviews for institutional customers.
- Prior experience supporting internal audit engagements and remediation efforts.
- Prior experience working with banking regulators.
- Experience/expertise with the design, testing and implementation of compliance-related applications.
- Understanding of payments and foreign exchange markets.
- Ability to manage urgent requests in a timely manner.
- Excellent verbal and written communication skills.
- Self-starter with the ability to work independently and proactively solve problems.
- High level of attention to detail.
- Willing and enthusiastic about learning and committed with a desire to succeed.
Professional qualifications / certifications
- Bachelor’s/University degree.
- 5-7 years professional experience in BSA/AML Compliance in Banking/Financial Services.
- Advanced proficiency in Microsoft Office applications (Word, Excel and PowerPoint).
- Certified Anti-Money Laundering Specialist (CAMS) or equivalent certification, or willing to pass the exam within six months of hire.
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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.
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.
