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 Purpose:
CLS recognises Procurement capability has a growing potential to contribute to cost management capability as well as improving the value from our vendors. Over the last 12 months, a number of changes have been implemented to help enhance the maturity of the procurement function (from a greenfield environment). This role is to help elevate CLS’s Procurement capability, moving it from a tactical engagement model to a function increasingly supporting strategic procurement decisions.
The IT Procurement - AVP is to embrace the Procurement vision, supporting the day-to-day business activities for all procurement aspects of CLS’s vendor engagements, across all divisions globally - ensuring appropriate levels of risk control, appreciation of business drivers, optimisation of costs, and strong negotiation of contractual terms, whilst maintaining exemplary standards of quality and collaboration both with vendors and stakeholders alike.
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Essential Function / major duties and responsibilities of the job: |
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The IT Procurement - AVP helps define and implement the strategy of the relevant category, whilst driving sourcing initiatives as required, whether it is for operational, or project related work as required. The IT Procurement - AVP helps promote and work within the agreed Third-Party Management Framework (TPM) and is a strong advocate for the Procurement Team Policy and Procedures, whilst supporting the team in delivering value-add that will assist CLS to meet its targets. · Research and identify innovative procurement solutions for assigned category or initiative · Works with the team to develop category strategy plans, including road map and stakeholder mapping · Develop effective relationships with internal stakeholders that support the Procurement strategy · Develop effective relationships with 3rd Parties, adhering to emerging SRM framework · communicate with cross-functional teams to execute strategy and drive performance · Raise and maintain Procurement profile internally and externally · Conduct day to day sourcing activities (align stakeholder requirements, manage contract renewals, conduct commercial and contractual negotiations, process purchase requisitions). · Negotiate commercials and contract terms with support of legal and Risk Domains (internal SMEs). · Mitigate risks and work with the internal stakeholders to ensure they understand and ultimately own the risks not mitigated. · Ensure each treatment strategy of the vendor, used for on-going monitoring, is adequately contracted and communicated to the relevant service owner and vendor relationship owner. · Support vendors’ exit strategy
Operational |
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· Ability to deal with day to day admin tasks and compliance activities, supported by the Proc Analysts · Ensure sourcing and category initiatives meet the top corporate objectives of the organisation · Report and track benefits and performance of implemented category plans · Lead and support the business to utilise the P2P (Purchase to Pay) system to ensure compliance with financial standards · Support the team in improving the TPM Lifecycle through a series of enhancements · Support the remediations of any Procurement findings derived from either Operational Risk Management, Internal Audit or FRBNY examinations.
Talent Nurturing and Team Management |
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· Leads by example · Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across CLS · Ability to use strong interpersonal skills, to help and assist others with personal development, while being emotionally resilient and able to maintain high performance. |
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Knowledge: · Has a good understanding of IT Procurement and has previous category management experience in that space. · Ability to use IT Procurement expertise to help elevate the category · Proven experience of formulating and delivering strategic Category Plans. · Process improvement and Change management skillset · Procurement in-depth knowledge · Contract Law and legal knowledge relevant to Procurement activities · Experience of applying Procurement skills and techniques to add value. · Proven track record in taking ownership for resolving issues within Procurement environment. · Excellent Stakeholder management skills with the ability to build and maintain complex and multiple business stakeholder relationships.
Skills and Abilities · Commercial acumen · Risk management mindset · Strong stakeholder management skills · Strong negotiation skills · Ability to clearly articulate and communicate · Strong decision-making attributes · Delivery of commercial deals · Delivery of process improvement/ process optimization initiatives · Problem solving · Analytical mindset · Ability to interpret a range of differing priorities |
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Success factors / ‘How’. Personal characteristics contributing to an individual’s ability to excel in the position |
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· Customer satisfaction at the forefront · Team player with the ability to work constructively and flexibly in a regulated environment - including assisting in tasks which are not necessarily within their immediate responsibility when required. · Strong collaboration and influencing skills with all stakeholders. · Category plans that deliver savings & improvements · Flexible and willing to ‘go the extra mile’. · Proactive individual with a ‘can do’ attitude |
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Professional qualifications / certifications
Experience
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· Minimum 5 years plus in similar role · Degree and Procurement certification achieved (i.e. CIPS) · Experience in working in a regulated environment. · Strong vendor risk management experience. · Experience working for an FMI ( Financial Market Infrastructure) is helpful |
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:
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