Vice President, Technology Risk and Control

CLS Group · Iselin, New Jersey

FULL TIME$1,50,000 – $1,50,000 / yr

Job Description

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.

Job information

Functional title – VP, Technology Risk and Control

Department – Chief Controls Office

Corporate level - Vice President

Report to – Executive Director, Technology Risk and Control

Location – NJ or NY

Expected full-time salary range between $150,000 - $175,000 + variable compensation + 401(k) match + benefits.

Note: Disclosure as required by NY Pay Transparency Law of the expected salary compensation range for this role.

What you will be doing

This is an exciting opportunity for a talented individual to join our Chief Controls office (CCO), a dedicated first line risk and control function. This role has arisen due to the expansion of responsibilities, offering the successful candidate the opportunity to make an impact and actively contribute to the evolution of this new group.

As part of the CCO team, you will play a key role

Improving the oversight of non-financial risks, bringing risk and control subject matter expertise to partner with 1LOD business owners to proactively identify, assess and mitigate risks.

Providing cross functional oversight across the first line, driving best practices and consistency in control standards for the effective control of risks to within risk appetite.

Driving behaviors to foster a risk-aware and risk intelligent culture where employees recognize their role as risk managers and the importance of the control framework

The role would suit candidates with 2LOD/3LOD experience looking for an opportunity to move into 1LOD, or candidates with 1LOD control/control remediation/ validation or Technology experience.

Strategic

Develop and implement a consistent, effective and efficient approach to the control of risks

Identify and deliver best practices in control standards across CLS

Lead Technology’s engagement with Audit, also key liaison with 2LOD Risk and Compliance

Operational

Support the identification, assessment of risks and controls

Review remediation plans from a risk/control lens to ensure risks are sufficiently addressed, consider design/operating effectiveness, strategic/tactical solutions etc

Monitor and report on corrective actions

Contribute to risk appetite statements and emerging risks

Review KRIs to ensure meaningful metrics for management oversight, review/challenge breaches to understand root causes, consult on lessons learned exercises and work with business owners to develop a ‘path to green’ where appropriate

Consolidate and report on the results of risk and control activity to internal stakeholders, escalating as required

Leadership

Support adhoc cross-Technology control initiatives where appropriate

Build strong relationships with peers to enable cross functional oversight, and develop and implement best practices.

Share knowledge and experience with other members of the team, driving consistency and ‘added value’

Establish positive working relationships with senior stakeholders across the business.

What we're looking for

Experience of Internal Audit engagement, control remediation and audit validation either from a 1LOD ownership perspective or 2LOD/3LOD validation

Knowledge of Technology delivery within Financial Services, and ability to demonstrate an understanding of key challenges and risks which must be mitigated and managed to enable successful delivery

Minimum of 5 years or more of experience in one of more of the following

Technology Risk Management

Internal Audit

Compliance

Knowledge of Financial Services, Financial Markets Utilities or another highly regulated industry sector is essential

Experience of regulatory engagement preferred.

Professional qualifications / certifications

Qualifications in any of the following specialisms would be beneficial but not essential

Risk Management

Internal Audit

Compliance

Project Management

Technology process governance

Our commitment to employees

We are a small company with a big mandate, so every person is essential to our success. We are also committed to employing and retaining the most talented and dedicated people.

What makes us interesting goes beyond our competitive salaries and great benefits. Our work environment is designed around quality outcomes, not output. The FX market would cease to function without our services, and we take pride in being responsible for keeping it running smoothly.

We are different from other financial institutions in that we have a flatter and more transparent structure, with accessible leadership. You will be seen, heard and empowered to develop your career.

We are a purpose-driven organization, with an inclusive culture that focuses on doing what is right. The well-being of our people is as important to us as the resilience of our systems. In addition to encouraging our people to ‘locate for their day,’ we run a range of initiatives that support a sense of belonging, as well as physical, emotional and mental well-being.

Our extensive benefits for employees typically include

Vacation/annual leave: 25 days in UK/Asia + 3 life days, 23 in US + 3 life days

Private medical and dental cover and life insurance

Generous pension contributions in the UK and Asia; matching 401(k) in the US

Paid volunteer days

‘Locate for your day’ hybrid working - 2 days a week in office

Access to Discover – our learning platform with 1000+ courses from LinkedIn Learning

Paid parental leave / Coaching and support services

Career development / LinkedIn Learning

‘Heads down days’ with no meetings on the last Friday of every month

Wellbeing / Mental health support

Employee Networks (Black Employee Network, Parents & Caregivers Network, Pride Network, Sustainability Network, Veterans Network, Women’s Forum)

Social events

Awards

The Sunday Times Best Places to Work 2023, 2024, 2025 / Big Company / The Sunday Times Awards

Third place in Britain’s Healthiest Workplace 2022 / Medium Company / Vitality Awards

Company	CLS Group
Location	Iselin, New Jersey
Type	FULL TIME
Niche	Full-time
Salary	$1,50,000 – $1,50,000 / yr

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Vice President, Technology Risk and Control

Job Description

About CLS

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.Job information

Note: Disclosure as required by NY Pay Transparency Law of the expected salary compensation range for this role.What you will be doing

The role would suit candidates with 2LOD/3LOD experience looking for an opportunity to move into 1LOD, or candidates with 1LOD control/control remediation/ validation or Technology experience.Strategic

Lead Technology’s engagement with Audit, also key liaison with 2LOD Risk and ComplianceOperational

Consolidate and report on the results of risk and control activity to internal stakeholders, escalating as requiredLeadership

Establish positive working relationships with senior stakeholders across the business.What we're looking for