Compliance Visa Sponsorship Jobs in New Jersey

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

The Compliance Monitoring & Testing team sits within the second line of defence in Compliance Risk Management.

The Vice President (“VP”) of Compliance Monitoring & Testing plays a critical role with the second line of defence and will be responsible to lead the design, execution and continuous improvement of the compliance monitoring and testing program.

The VP will be required to stay abreast of developments on regulatory requirements and best practices to ensure the monitoring and testing framework remains fit for purpose and that controls gaps are identified to ensure effective compliance risk management.

Job information:

• Functional title – Vice President
• Department – Compliance Risk Management
• Corporate level – Vice President
• Report to – Director, Compliance Monitoring and Testing
• Location – Menlo Park, NJ
• Base salary range - 130K-165K

What you will be doing:

• Supporting the development of a multi-year annual risk-based testing plan tailored to CLS’s compliance obligations and risk profile.
• Working independently with little to no Director oversight to conduct and deliver end to end Compliance Testing reviews including for example fieldwork, walkthroughs and documentation of workpapers.
• Managing reporting related to the Compliance Testing Plan and its results including emerging trends, compliance gaps and remediation status to senior management and the Board.
• Partner with business unit management to enforce compliance accountability and effective challenge of first line processes.
• Working across business units to develop a monitoring inventory and monitoring standards, identifying gaps and creating project plans where needed.
• Applying practical, proportionate and sustainable remediation to compliance risk and conduct issues identified in monitoring and testing.
• Ensuring validation of issues in a timely manner and with an appropriate standard of quality.
• Assessing optimal technology solutions for conducting testing reviews, creating the monitoring inventory, and implementing monitoring standards.
• Mentor and support junior staff on the testing team.

What we’re looking for:

• Proficient in writing clear, concise testing reports that require no oversight.
• Managing stakeholder engagement independently.
• Having the ability to independently scope a review after reviewing related regulations, the related CRA as well as conversations with Advisory Compliance.
• Taking initiative for next steps without needing instruction.
• Ability to suggest solutions to make the team more efficient.
• Work independently with the ability to influence outcomes without direct authority including supporting more junior members of the team in their day to day activities.
• Understanding of industry practices and disciplines ideally having implemented and/or developed second line compliance monitoring and testing frameworks in the past.
• Quickly understands team processes and uses a structured method to manage deliverable timelines and work quality.
• Produce quality deliverables and propose solutions when faced with issues.
• Positive and confident representation of the Compliance Testing team to management and stakeholders.
• Excellent written and verbal communication and stakeholder management skills at all levels of the organization.
• Proficient engagement, influencing and negotiating skills.
• Engaging with stakeholders at all levels to add value to their risk management issues.
• Proficient in investigative and analytical thinking and the ability to analyze situations from multiple perspectives.
• Ability to convert high level strategy and goals into operational plans.
• Ability to manage multiple priorities and deliver high quality work under tight deadlines.
• Strong control and risk management mindset.

Professional qualifications / certifications:

• Minimum bachelor’s degree. Postgraduate degree (e.g., JD, MBA) or compliance / testing / audit certifications a plus.
• 7-10 years’ experience of compliance testing / monitoring / auditing / risk management. Regulatory experience a plus.
• Proficiency in regulatory requirements e.g. Prudential, BSA/AML, Privacy.
• Strong analytic capabilities; excellent communications skills to influence stakeholders.
• Advanced proficiency in Microsoft Office (i.e., Word, Excel, PowerPoint) and SharePoint required. Familiarity with Governance, Risk & Compliance (GRC) tools (e.g., Archer) a plus.
• Knowledge of a Financial Market Utility regulatory environment, key legislative requirements and practical implications would be beneficial.
• Experience in executing testing plans.
• Experience in leading testing reviews.
• Familiarity with corporate compliance programs and standards relative to Federal Reserve SR 08-8 would be beneficial.

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.