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, Regulatory Relations
Department – Regulatory Relations
Corporate level – Vice President
Report to – Director, Regulatory Relations
Location – Iselin, NJ (Hybrid Onsite 2 days per week)
Base pay / salary (New York) – $150,000 - $165,000 base salary + variable compensation + 401(k) match + benefits

What you will be doing:

Support CLS’s engagement with the FRBNY Supervisory teams for all ongoing supervisory activities, the FRB for Regulation HH activities, and the Oversight Committee and the OC Secretariat at the FRBNY.
Manage and participate in: (1) end-to-end Supervisory examinations and on – site reviews; (2) Remediation of supervisory findings, including response and closure; (3) Regulation HH and Y filings; (4) Continuous Monitoring meetings; (5) OC and FRB workshops;
Collaborate with three lines of defense to ensure their involvement in the review process
Manage the reporting of KPIs and creation of consolidated decks to the Board and senior management and collaborate with stakeholders to amend and develop new reporting as needed
Lead / contribute to the risk and controls testing for Regulatory Relations.

What we’re looking for:

Minimum 7 years of experience in regulatory or legal departments within the financial services industry; J.D. optional.
Strong communication skills with internal and external stakeholders including liaising with regulators and across senior leadership.
Acute attention to detail and ability to manage high volume of information and high execution mode of an environment.
Able to work at a DFMU subject to regulatory scrutiny and a fast paced environment
Ability to maintain strict confidentiality and be professional, upholding high ethical standards
Subject matter expert in regulatory matters and can develop relationships to be able to provide sound advice to the business divisions
Results oriented and ensures timely delivery and execution
Organized self-starter who can work independently and collaboratively in a team
Familiar with 3LOD framework, including risk and control testing

Professional qualifications / certifications

Bachelor’s Degree

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.