Associate, Third Party Management Office
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: Associate
- Department: Third Party Management Office, Finance
- Corporate Level: Associate
- Reports To: Assistant Vice President, Third Party Management Office
- Location: London
Overview of the role:
CLS have established an improved TPM process in order to respond to, and adhere to, new and existing regulatory guidelines and initiatives enabling CLS to effectively assess and manage the risk introduced by engaging with third parties during the course of executing business activities.
The selected Analysts will provide operational support within the TPM process.
What you will be doing:
- Complete Third Party Management activities, such as completing risk assessments and due diligence activities in line with the TPM Policy and Procedure
- Act as a liaison between various stakeholders within the business, gathering and interpreting complex information
- Assess, challenge and provide feedback on the information received from the business stakeholders
- Identify service and vendor risk through remediation and communicate mitigation/remediation activities
- Ensure all approvals, escalations, and reporting is conducted as required
- Provide support in the implementation and execution of updates to the TPM Policy, Procedures and other documents
- Ensure that issues are proactively raised to line managers
What we are looking for:
- Strong written and verbal communication skills
- Strong attention to detail
- Good interpersonal skills to engage with large number of stakeholders
- Ability to approach problems analytically and confidently drive tasks through to completion
- Intermediate ability with MS Office Suite, including Excel
- Third Party Management experience or equivalent risk experience would be beneficial
Degree educated, or equivalent work experience preferred
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.
- Employee Networks (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 inclusivity.
- 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.