Assistant Vice President, Third Party Management Office, Governance & MI

CLS-Group; London; Hybrid; GBP 45,000 - 75,000

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.

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 - Governance & MI AVP
• Department - TPMO
• Corporate level - AVP
• Report to - Director, Governance and MI
• Location - London

What you will be doing:

• Third Parties are separate entities that provide goods or services to CLS under contractual arrangements or other business relationships. This includes entities such as vendors, brokers, sellers and agents. CLS can face a wide range of operational and compliance risks through Third Party relationships. To manage these risks, the Third Party Management (TPM) discipline is employed in the procurement of, and management of risks associated with provision of, services to CLS by Third Parties.
• CLS's Third Party Management Governance & MI function team is involved in the end to end process of Third Party Management, with specific responsibility for governance and oversight; systems; documentation; MI and reporting.
• Actively support the execution of the new TPM Target State structure and specifically support the delivery of the Governance & MI pillar.
• Deputize for the Governance & MI Lead when required in governance and business meetings.
• Supports delivery of overall TPM requirements and maintains the supporting documentation to manage enhancements and changes.
• Supports change delivery as identified by relevant parties (e.g., regulatory changes, internal audit findings).
• As part of broader activities, provides oversight of activities and operations across end-to-end TPM processes and performs associated quality assurance over TPMO activities.
• Liaise with Risk SMEs to embed enhancements and ensure compliance with requirements.
• Supports ORM-TPRM in the monitoring of operational compliance to the TPM process.
• Day to day management of quality assurance on data within the inventory and TPM processes.
• Engage with senior business Vendor Relationship Owners (VROs) to ensure their compliance and understanding of their roles and responsibilities.
• Manage training relevant to the TPM program, including ownership of targeted training to VROs/SOs and business units as required.
• Owns the change management process across the TPM program.
• Supports delivery of reporting on material information and topics across third party risk and procurement.
• Manages TPM-owned technology and systems integration and processes.

What we're looking for:

• The successful candidate will have experience in Third Party Risk management within a Financial Services organization.
• Experience in implementation and management of TPM processes is beneficial - experience in TPM change management and governance documentation including Policies and Procedures is essential.
• Requires a confident, energetic and positive individual who can take ownership and own change requirements.
• Strong data analytics and reporting skills.
• Strong communication skills on third party risk topics.

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.