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. What you will be doing:
- Support the Executive Director, Legal and Regulatory Projects and Resolution, and others in Legal, with respect to all workstreams relating to:
- CLS's response to Member resolution and stress scenarios, including but not limited to the following: (i) updating internal and external documentation; (ii) help respond to various consultations, with a focus on consultation relating to resolution; (iii) ensuring that CLS will comply with applicable standards and demonstrate thought leadership in this area; (iv) assisting with any exercise or external engagement designed to explore important issues, including follow-up relating to such exercises; (v) understanding and assessing regulatory analysis and developments in this a
- Advanced degree required (Law school or PhD in relevant subject matter a plus)
- Law degree highly preferred
- BA / BS required
- Engagement with the FMI Forum or the Legal/Regulatory Subgroup
- Engagement with other FMIs
- Facilitate time-sensitive, high quality regulatory deliverables (include bespoke decks for discussion with authorities) by coordinating and managing expectations internally across divisions as well as with regulatory stakeholders
- Assist in monitoring regulators, governmental bodies, and industry groups for relevant issuances or decision making that may impact CLS and/or its Members with respect to resolution or other issues
- Assist in preparing regular reports to regulators, senior management and the Board
- Assist in coordinating with relevant CLS functions (i.e. Risk, Compliance and Legal) to help provide an integrated, consistent, and forward-looking perspective with respect to resolution or other issues
- Support the Compliance & Regulatory Coordination Committee and assist with related matters
- Support updates to the Joint Monitoring Procedures
- Support updates to the long forms summaries of the legal opinions each year
- Upon request, assist the Legal Department with respect to certain legal matters, as necessary and appropriate.
- Facilitate the ongoing development of the Legal and Regulatory Projects and Resolution function as the knowledge center for CLS on all policy matters related to resolution and other matters
- Assist in managing and evolving CLS's relationships with regulatory stakeholders with a specific focus on resolution and other regulatory developments
- Support and assist in further developing CLS's relationships with the regulatory community and industry groups across jurisdictions relating to resolution and other matters
- Assist with monitoring of governmental bodies and industry groups in the region for decision-making that impacts CLS and/or its Settlement Members relating to resolution and other matters
Professional Qualifications / Certifications
- Advanced degree required (Law school or advanced degree in relevant subject matter a plus)
- Prior record of academic excellence
- Perfect spoken and written English
- Experience at either a law firm, governmental agency or financial institution, ideally actively engaged in resolution planning, including issues relating to access to financial market infrastructures
- Strong drafting skills
- Detail oriented
- Highly organized
- Ability to quickly understand complex concepts and move forward in applying that understanding
- Excellent judgement
- Practical
- High level of maturity and ability to engage with regulatory authorities
- Excellent interpersonal communication skills, both written and verbal
- Ability to break down complex information into simple and concise language for a range of audiences
- Innovative thinker and effective problem solver
- Comfortable multitasking and meeting tight deadlines
- Highly motivated and able to work with limited supervision
- Ability to build strong relationships and co-operate effectively internally as well as externally
- Comfortable working with senior management
- BA / BS required
What we're looking for:
- Must be comfortable assisting with the process of leading cross-divisional projects and organizing work streams that require input from various divisions or departments.
- Must be detail oriented and able to check work product to ensure accuracy
Expected full-time salary range between $140,000 - $165,000 + variable compensation + 401(k) match + benefits.*Note: Disclosure as required by NY Pay Transparency Law of the expected salary compensation range for this role #LI-SJ1 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.