Job details

Director - Financial Crime Compliance Risk

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, Financial Crime Compliance Risk
Department - Risk & Compliance
Corporate level - Director
Report to - ED – Financial Crime Compliance
Location – New York, NY

Job Purpose:

This position is primarily focused on Financial Crime Compliance (inclusive of Anti-Bribery & Anti-Corruption Compliance or “ABAC”) 2nd Line responsibilities within the Risk Division with an emphasis on AML & Sanctions Program Ownership, management and enhancement. The role has responsibility for various activities as a Deputy to the Head of BSA / AML (“BSA Officer”) on a BAU basis and to assist in remediation activities.

Main duties and responsibilities:

Collaborate with the BSA Officer and manage execution of the BSA / AML Program across the Firm.

Strategic

Assume a process leadership role within Financial Crime Compliance (“FCC”) specific to leading CLS’ BSA/AML Sanctions Program management. Responsibilities include creating, modifying and implementing frameworks, policies, and controls, including (but not limited to):

Oversight of 1LoD activities in Operations, Client Engagement, and other areas;
Management of the FCC Quality Assurance (“QA”) program related to the above;
Drive the enhancement controls framework for FCC controls, regardless of where they sit within the firm; and
Interface with Enterprise Data Management on compliance with enhanced regulatory compliance with ML TF & Sanctions model documentation.

Lead and collaborate with the broader 2LoD FCC team in their coverage areas regarding BAU activities including model results, and process improvement or tuning opportunities.
Drive execution of the FCC (including ABAC) Compliance Risk Assessment exercise (inclusive of data collection, assessment, socialization, governance).
Represent FCC across the various stakeholder areas within CLS including working groups and strategic projects within the firm, as well as with Internal Audit and Regulators.
Identify and execute BSA / AML program and process enhancements (i.e., leveraging data analytics, IT tools, etc.) with a commitment to consistency and successful implementation within the set targets and deadlines.

Operational

Assist with the oversight of AML & Sanctions compliance program BAU activities including 314(a) searches, alert management and QA, sanctions filter updates, & investigations (which may include execution activities from time to time).
Develop metrics and analyze BAU data for monitoring and reporting to ORM, Board and other internal stakeholders.
Identify and implement efficiencies in reporting (e.g. individual customer profile, year-on-year growth of customers by region, for each currency, and grouped by counterparty type, etc.) in support of annual risk assessment and model monitoring and tuning.
Ensure CLS is meeting AML & Sanctions-related requirements with respect to new products, strategic initiatives, and technology upgrades.
Support Internal Audit reviews aimed at testing adequacy of BSA / AML program objectives and accompanying controls, policies and procedures.

Person specification

Qualifications (Gained at School or High School / College or University), professional or specialist qualification)	Essential	Desirable
University/ B.A. or B.S. degree	X
Advanced Degree or equivalent work experience in law, business, math or computer science		X
CAMS or other AML / Sanctions designation	X
Experience required (Sector knowledge, specific work/projects, product knowledge)
Minimum 10 years’ experience in (ideally in Anti-Money Laundering, Sanctions, or another Financial Crime Compliance or Risk discipline) at a financial firm or similar institution	X
Technical writing experience in drafting BSA/AML risk assessments, policies and procedures, analysis memos, and Suspicious Activity Reports (written sample is required)	X
Demonstrable BSA / AML risk management experience	X
Advanced proficiency in Microsoft Office packages (Word, Excel and PowerPoint)	X
Proficiency with BSA / AML automated tools (including but not limited to NetReveal, AMT, Surety)		X

Person Profile

· Ability to lead directly and indirectly with staff representing all disciplines within the firm in order to achieve results

· Self-starter with the ability to operate in an independent manner and call out challenges and propose solutions

· Understanding of priorities and adherence of deadlines; ability to work constructively and flexibly across multiple priorities in a small team environment

· Professional presentation skills, including excellent writing and public speaking capabilities; ability to project a professional demeanour at all times

· Strong organizational and project management skills

· Experience leading strategic planning, organization and time management skills

· High level of attention to detail

· Ability to interact with, and manage relationships with, senior stakeholders and prudential regulators

Expected full-time salary range between $175,000 - $210,000 + variable compensation + 401(k) match + benefits.

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

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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.

By CLS-Group

CLS Group is a financial services company that assists clients in foreign exchange markets with settlements, processing and data reports. They are headquartered in London, United Kingdom.

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FUNDING

Private

DEPARTMENTS

Risk & Compliance

SENIORITY LEVEL REQUIREMENT

Senior

TEAM SIZE

501-1000

LOCATION