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 - Director - Operational Resilience
- Department - Operational Resilience
- Corporate level - Director
- Report to - Head of Operational Resilience
- Location - London
What you will be doing:
Strategic
The successful candidate will be experienced in the governance, identification, management and reporting of scenario testing within a GSIB or a FMI, with a focus on extreme but plausible scenarios, while at the same time hold experience as a member of crisis management and crisis response teams.
The candidate will partner and collaborate across the firm to grow the maturity of the existing scenario testing programme to enable CLS to continue to assess risk and associated mitigation strategies along with being responsible for the end to end processes for scenario testing.
Along side this key responsibility, the candidate will be required to partner with the existing crisis management function to training is provided for the knowledge and information gained through the identification and execution of scenarios along with providing support to the crisis teams in real world invocations and their own exercises.
- Scenario Testing
- Be responsible for the scenario testing practices within Operational Resilience
- Manage the identification, planning, execution, lessons learned, risk management and reporting of scenario testing across risk appetite and extreme but plausible scenarios.
- Manage and maintain CLS’s scenario testing catalogue.
- Co-ordinate and plan scenario testing across the firm to ensure alignment and efficiencies across testing within other areas of the business (e.g. Cyber, Risk and Crisis).
- Crisis Management
- Provide training to the Crisis Management function in support of their own testing and exercises as well as the outcomes of Operational Resilience scenario testing.
- Support the incident management and Crisis Management functions with SME levels of support in the event that an incident or crisis event occurs.
Operational
As a member of the Operational Resilience team, the candidate will be continually engaged with the day to day operations of CLS Important Business Services, monitoring and understanding service performance and seeking to learn lessons from any issues or incidents to feed into the overall Resilience framework and plan.
- Participation at a working group level of change programs which may materially alter the resilience posture of the organization, influencing these to ensure risk is either mitigated or improvements made.
- Establish new and participate in existing forums to ensure the resilience health of the delivery of CLS’s products and services is clear, enabling strategic decision making for investment and risk management.
What we’re looking for:
As a systemically important financial market utility, the operational resilience posture of CLS is inextricably tied to the wellbeing of the global financial infrastructure. While CLS enjoys a strong and demonstrable history of resilience of its platforms and operating environments, the ability for CLS to prevent, respond to and recover from failure scenarios requires a combination of on-going testing and strength in depth in its Crisis Management capabilities.
CLS therefore has a requirement for a role to with the Operational Resilience team to lead its scenario testing programme and to provide training and support to its existing Crisis Management function.
The candidate shall have the following experience:
- A history of leading scenario testing practices within an FMI or GSIB
- Experience and exposure to Crisis Management disciplines within an FMI or GSIB
- Good understanding of FX products and services with knowledge of the required infrastructure and dependencies.
- Experience across technology, third party, facilities and people risk analysis and mitigation.
Professional qualifications / certifications
Recognized qualifications in the following areas will be beneficial:
- Operational Resilience
- Business Analysis
- Project Management (e.g Prince / PMI / APM)
- Cyber Management (e.g. CISM)
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.
