Full-Time

Vice President

Project Management, Security & Resilience Portfolio

Posted on 4/1/2025

CLS Group

CLS Group

501-1,000 employees

Provides multilateral netting-based FX settlement infrastructure

No salary listed

London, UK

Hybrid

Category
Business & Strategy (1)
Required Skills
Risk Management
Requirements
  • Significant practical experience of leading and managing Cyber Security change programs across an end-to-end project lifecycle gained within a large organisation.
  • Extensive hands-on experience of delivering complex IT change projects in a highly regulated organisation.
  • Have responsibility of delivering change programs with budgets in excess of $1m.
  • Excellent communication skills with practical experience of supporting technical teams to formulate and articulate business benefits through the construction of business cases.
  • Demonstrable experience of quantifying the effort required to deliver a solution whilst articulating any implications of any proposed solution on the wider business and existing systems.
  • Experience delivering security focused projects drawing on experience of Security frameworks such as NIST CSF / 800-53 Rev 5 and ISO27001.
  • Experienced in creating well-structured and good quality project documentation with excellent skills in the use of the MS Office suite of tools and MS Project
  • Experience of using PlanView or similar, to produce and maintain high quality project plans.
  • Strong personal work ethic
  • Motivated delivery focused individual
  • Excellent inter-personal skills
  • Proven ability managing projects in a complex, demanding environment.
  • Professional PM accreditation (MSP/PRINCE2/PMI/APM/SIX SIGMA)
  • Significant project management experience
Responsibilities
  • Develop, in conjunction with the Program Manager and Project Owner, a definition of the project(s) and ensure the project is effectively resourced and manage relationships with a wide range of groups (including all project contributors).
  • Manage the work of consultants, allocating and utilising resources in an efficient manner and maintaining a co-operative, motivated and successful team.
  • Responsible and accountable for the delivery of several projects which report into a Security Program under a wider Portfolio of change.
  • Responsible for detailed project reporting and governance adherence.
  • Delivery of a suite of Cyber Security projects including new Security tooling and Operational transformation.
  • Define plans through a rigorous and highly interactive process of defining business requirements, project specifications, managing resources and environments.
  • Agree and formalize plans, conduct or co-ordinates required business analysis where necessary. Present plans and business cases and gains sign-off from sponsors and other stakeholders.
  • Relationship management; develop and maintain strong relationships with stakeholders, both internal and external.
  • Create project business case for all projects and ensure the benefits are measurable and agreed by all stakeholders. Responsible for demonstrating that stated benefits have been realised once the project has been delivered.
  • Manage day-to-day operational aspects of a project, scope, and budget.
  • Manage and maintain interlock of projects with other project managers.
  • Create and execute project work plans and revise as appropriate to meet changing needs and requirements.
  • Effectively apply, support and champion the CLS Governance methodology and enforce project standards.
  • Review deliverables prepared by the project team before company-wide review.
  • Identify all project resources and where necessary work with the PMO to secure project support resources.
  • Identify and lead the virtual project team.
  • Manage, mitigate, and report project risks and issues.
  • Recruiting project staff and consultants.
  • Co-ordination of the partners and working groups engaged in project work.
  • Ensure project documents are complete, current, and stored appropriately.
  • Develop and maintain a detailed project plan.
  • Manage project deliverables in line with the project plan.
  • Record and manage project issues and escalating where necessary.
  • Resolve cross-functional issues at project level.
  • Manage project scope and change control.
  • Monitor project progress and performance from a benefit realization, time, cost, and quality perspective.
  • Provide status reports.
  • Liaison with, and updates progress to, project steering board/senior management
  • Provide cover for peers and assist in the creation and issuance of departmental reports.
  • Understand basic revenue models, P/L, and cost-to-completion projections, apply analysis to this data to make project decisions and provide reporting of this data.
Desired Qualifications
  • Professional PM accreditation (MSP/PRINCE2/PMI/APM/SIX SIGMA)
  • Significant project management experience

CLS Group provides a global FX settlement infrastructure used by thousands of counterparties to settle currency trades. It runs a multilateral netting system that reduces the funding needed for settlements, lowering risk and standardizing processes across major currencies. The platform handles trillions of dollars in daily flows, and its complementary tools offer risk management, efficient processing, and market intelligence from FX data. Its goal is to make the FX market safer, cheaper, and smoother by enabling efficient settlement and providing actionable data across the full FX lifecycle.

Company Size

501-1,000

Company Stage

N/A

Total Funding

N/A

Headquarters

New York City, New York

Founded

2002

Simplify Jobs

Simplify's Take

What believers are saying

  • CCS volumes up 87% YoY with Société Générale, Barclays, BNP Paribas, Crédit Agricole adoption.
  • CLSNet reached record $739bn daily netted value March 2026; top 12 global banks committed.
  • Regulatory push for PvP mechanisms drives broader FX infrastructure adoption across OTC derivatives.

What critics are saying

  • Regulatory mandates could commoditize settlement services, compressing CLS's pricing power and margins.
  • Competing DLT solutions and alternative PvP providers threaten CLS's market share in FX netting.
  • Concentration risk: top 12 banks represent majority of CLSNet volumes; client consolidation threatens growth.

What makes CLS Group unique

  • CLS operates unique PvP settlement system handling 18 currencies with 96% netting efficiency.
  • CLSNet DLT platform processes $171bn average daily notional, up 12% YoY in 2025.
  • CCS service integrates multilateral netting reducing daily funding requirements and settlement risk.

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Benefits

Health Insurance

Dental Insurance

Unlimited Paid Time Off

Paid Vacation

Paid Sick Leave

Paid Holidays

Hybrid Work Options

401(k) Company Match

Private medical insurance

Wellness Program

Mental Health Support

Discounted Gym membership

Generous parental leave policies

2 paid volunteer days

Generous non-contributory pension provision for UK/Asia employees

Annual flu vaccinations

Social events that give you opportunities to meet new people and broaden your network across the organisation

Access to frequent development sessions on a number of topics to help you be successful and develop your career at CLS

Company News

FF News
Nov 27th, 2024
Société Générale Goes Live On Cls’S Cross Currency Swaps Service

CLS, a financial market infrastructure group delivering settlement, processing, and data solutions, announced today that Société Générale has gone live on its cross currency swaps (CCS) service.CCS trades have significant settlement risk exposure due to the high value of the initial and final principal exchanges. In addition, settling these trades on a gross bilateral basis results in operational inefficiencies and liquidity constraints. The CCS service can be used seamlessly in conjunction with post-trade processing platform MarkitWire to integrate CCS flows into CLSSettlement, allowing participants to benefit from multilateral netting against all FX transactions. This not only optimizes liquidity but also significantly reduces daily funding requirements.The service’s success is reflected in its exponential growth, with the values of CCS submitted to CLSSettlement up 87% year-on-year in Q3 2024.The growth in the service also supports the efforts of policy makers and regulators who promote broader adoption of payment-versus-payment (PvP) mechanisms as a means of reducing FX settlement risk and, more generally, systemic risk in the OTC derivatives market.“We are delighted that Société Générale has gone live on our CCS service,” stated Lisa Danino-Lewis, Chief Growth Officer at CLS. “Participation in the service underscores its effectiveness in enhancing operational and liquidity efficiencies for CCS trades. The growing adoption of this service as well as the growing values submitted indicate that FX market participants are actively pursuing innovative solutions to further reduce settlement risk and improve operational efficiency.”Pierre-Jean Benazech, Global Head Cross CCY Swaps trading at Société Générale commented, “We look forward to leveraging CLS’s CCS service to optimize liquidity and mitigate settlement risk

FF News
May 14th, 2024
Barclays Bank Goes Live On Cls’S Cross Currency Swaps Service - Fintech Finance

CLS, a financial market infrastructure group delivering settlement, processing and data solutions, today announced that Barclays Bank has officially gone live on its Cross Currency Swaps (CCS) service.The CCS service – an extension of CLS’s unique payment-versus-payment (PvP) settlement service, CLSSettlement – mitigates settlement risk for CCS transactions. By integrating CCS flows into CLSSettlement, the service allows for multilateral netting against all other FX transactions, providing substantial liquidity optimization benefits as well as reducing daily funding requirements for clients.As public policy efforts to mitigate settlement risk have increased, CLS’s CCS service has seen a notable rise in activity. Values of CCS submitted to CLSSettlement are up 48% year-on-year in 2023, highlighting the industry’s support for the service.Lisa Danino-Lewis, Chief Growth Officer at CLS commented, “Barclays Bank going live on our CCS service is a positive step in our continual work toward making the global FX market more resilient and efficient. The adoption of our CCS service by Barclays, one of the world’s premier banking institutions, demonstrates the value and trust placed in our risk mitigation and liquidity management solutions by the industry. The growing number of institutions, as well as growing volumes on the platform, underlines the industry’s commitment towards minimizing settlement risk in the FX market.”Michael Pollak, Head of Cross Currency Trading, Barclays Bank PLC commented, “As markets continue to navigate an uncertain period, being able to mitigate FX settlement risk via CLS’s CCS service is a vital part of our risk management practices. Through multilateral netting, we can also optimize our liquidity, reduce our funding requirements and remove friction from the market’s infrastructure

Ledger Insights
Feb 5th, 2024
Volumes on DLT-based CLSNet FX netting grow 61% to $115bn daily

In late 2018, CLS launched CLSNet, a DLT solution for foreign exchange (FX) netting calculations for 120 currencies.

FF News
Dec 1st, 2022
Mufg Bank Signs Up To Clsnet

CLS, a market infrastructure group delivering settlement, processing and data solutions, today announces that MUFG Bank is the first Japanese bank to commit to using CLSNet, CLS’s bilateral payment netting calculation service for over 120 currencies. MUFG Bank will join the expanding CLSNet community of global and regional banks, which includes eight of the top ten global banks. CLSNet has seen a substantial rise in adoption this year, with a 495% year-on-year increase in the average daily notional of net calculations in Q3 2022. The centralized platform standardizes and automates post-trade matching and netting processes across the global currency spectrum. As market participants continue to focus on the risks associated with post-trade processing and settlement in currencies outside of CLSSettlement, CLSNet offers standardization and automation through a single platform which mitigates risk, reduces operational costs and optimizes liquidity for these currency flows

Cision
May 19th, 2022
CLS hired Dan J. Mogren as CEO on Dec 1st 20'.

The CLS Board of Directors announced that Dan J. Mogren has been appointed CEO of CLS AB after having been acting CEO since December 1, 2020.

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