CLS-Group
Vice President, Liquidity & Market Risk Management
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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
Summary
As a Vice President in the Liquidity and Market Risk Management (LMR) team, you will play a pivotal role in managing liquidity and market risk strategies for our organization. You will assist in the assessment and analysis of risk impact and benefits in offering new strategic initiatives of CLS and on-boarding new members and currencies onto CLS.
In addition, you will engage in day-to-day risk monitoring activities and contribute to the continuous improvement of our risk management processes, including but not limited to performing liquidity risk analysis for market events affecting CLS Settlement services, conducting stress testing for enhanced risk monitoring, preparing management risk reporting, and executing model risk management responsibilities as a model owner.
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Responsibilities
- Perform liquidity analysis to assess the risk and benefits as part of CLS Settlement participation expansion and offering new strategic initiatives.
- Perform daily and quarterly stress testing to assess the impact of potential member pay-in failures for heightened settlement monitoring as part of Regulatory requirement.
- Perform risk impact analysis in response to market and geopolitical events that may affect CLS Settlement service.
- Enhance existing LMR processes by automating or enhancing them to minimize operational errors and make day-to-day work efficient.
- Conduct on-going model monitoring and enhance model documents for LMR’s owned model in accordance with the Model Risk Policy requirements.
- Code and implement benchmarking models for LMR’s owned model as part of MRM’s on-going monitoring requirement.
- Prepare detailed risk reports for internal stakeholders and regulators to support management reporting and RCSA processes.
Experience – essential / desired for successful job performance
- At least five years of work experience in banking, consulting, or other financial institutions.
- Degree in computer science, finance, economics or quantitative discipline, MS/MBA preferred.
- Strong quantitative skills and experience in financial analytics and risk methodologies.
- Strong discipline of vetting own work and attention to detail to deliver high quality work products.
- Possess excellent critical thinking capabilities and problem-solving skills.
- Strong communication and interpersonal skills.
- Ability to work collaboratively with cross-functional teams.
- Advanced SQL, R, Python, and Excel VBA skills.
- Proficient in interpreting, data cleaning, manipulating, and performing analysis with large amounts of data.
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:
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- 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.
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