Vice President, Regulatory Relations

About CLS

CLS is the trusted party at the center 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 – Vice President, Regulatory Relations
Department – Regulatory Relations
Corporate level – Vice President
Report to – Director, Regulatory Relations
Location – New York
Base pay / salary (New York) – up to 170K USD

What You Will Be Doing

• Support CLS’s engagement with the FRBNY Supervisory teams for all ongoing supervisory activities, the FRB for Regulation HH activities, and the Oversight Committee and the OC Secretariat at the FRBNY.
• Manage and participate in: (1) end-to-end Supervisory examinations and on-site reviews; (2) Remediation of supervisory findings, including response and closure; (3) Regulation HH and Y filings; (4) Continuous Monitoring meetings; (5) OC and FRB workshops;
• Collaborate with three lines of defense to ensure their involvement in the review process
• Manage the reporting of KPIs and creation of consolidated decks to the Board and senior management and collaborate with stakeholders to amend and develop new reporting as needed
• Lead / contribute to the risk and controls testing for Regulatory Relations.

What We're Looking For

• Minimum 7 years of experience in regulatory or legal departments within the financial services industry; J.D. optional.
• Strong communication skills with internal and external stakeholders including liaising with regulators and across senior leadership.
• Acute attention to detail and ability to manage high volume of information and high execution mode of an environment.
• Able to work at a DFMU subject to regulatory scrutiny and a fast-paced environment.
• Able to maintain strict confidentiality and be professional, upholding high ethical standards.
• Subject matter expert in regulatory matters and can develop relationships to be able to provide sound advice to the business divisions.
• Results-oriented and ensures timely delivery and execution.
• An organized self-starter who can work independently and collaboratively in a team.
• Familiar with 3LOD framework, including risk and control testing.