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 – Business Audit
Department – Internal Audit
Corporate level - Vice President
Report to – Executive Director, Corporate Functions Audit
Location – New Jersey, on-site two days per week
Expected full-time salary range between $ 180,000 - $200,000 + variable compensation + 401(k) match + benefits

The Vice President will primarily support the Executive Director (Corporate Functions Audit) in providing risk-based integrated audit coverage and independent assessment of the effectiveness of key processes, controls and risk management across CLS. IA's ways of working reflect the requirements of CLS's designation as a Strategically Important Financial Market Utility (SIFMU). The requirements of the Audit Plan are diverse and challenging. The candidate will support a portfolio of audits. It is important that the candidate be versatile and flexible so equally at home conducting a complex audit standalone, as line managing and guiding a small team. Importantly, the candidate will be expected to have a sound understanding of financial services business practices and will be able to contribute to integrated audits of CLS’s various business divisions.

What you will be doing

Audit Management and Execution: (60%)

Support and provide input into the Internal Audit risk assessment process to inform the Audit Plan
Execution of planning and testing for complex audits and high-level reviews, including designing test strategies, audit test papers and drafting of audit findings & executive summary.
Oversee and prioritize audit delivery across a small portfolio of audits.
Review and mentoring of more junior IA members’ work on relevant methodology and tools to meet audit objectives.
Lead on validation and tracking (with Director/Executive Director oversight) to confirm management’s remediation of audit and regulatory issues.
Actively contributing to the ongoing improvement of audit practices and methodology.

Stakeholder Management / Strategic: (15%)

Develop and maintain working relationships with peers and senior management across the organization.
Where required, lead/contribute to the use of data analytics by Business Audit.
To monitor strategic developments within CLS to highlight any unidentified risks or potential control issues.
Perform continuous monitoring of the business through frequent stakeholder engagement, under the direction of senior audit management, to identify emerging risks and issues and report to audit management.
Identify areas for improvement within Internal Audit and play a leading role on department improvement initiatives.
Supporting MI and reporting to executive management, AFC, and senior IA management.

People Management: (20%)

Manage direct reports, or other members of the Internal Audit team (including co-source resources), for the applicable portfolio audits.