Full-Time

Vice President

Cloud Security

CLS Group

CLS Group

501-1,000 employees

Provides multilateral netting-based FX settlement infrastructure

Compensation Overview

$150k - $180k/yr

+ Variable compensation

Iselin, Woodbridge Township, NJ, USA

Hybrid

Hybrid onsite 2 days per week.

Category
IT & Security (1)
Required Skills
TCP/IP
Suricata
Microsoft Azure
Vulnerability Analysis
AWS
Requirements
  • Hands-on IT Security analysis and engineering experience including securing systems, networks and infrastructure; operational support, including on-call experience
  • Proven experience including combination of intrusion detection, malware analysis, forensics and incident response, particularly in cloud/hybrid environments
  • Extensive knowledge of cloud environments such as AWS and Azure
  • Monitor, tune and develop technical IT Security controls and frameworks to ensure appropriate preparation, monitoring and response to threats
  • Ensure a risk-based approach to IT Security is adopted in every part of the business and solutions
  • Work with members of the IT Security team to help design, implement and maintain security
  • Prepare for, identify (hunt) and remediate cyber threats
  • Operate and maintain IT Security controls related to SIEM, DLP, Vulnerability Management, Cyber Threat Intelligence, Endpoint Protection, etc
  • Deliver IT Security projects from concept, approval, design, and implementation to operation
  • Ability to collaborate effectively with others to drive forward key security objectives
  • Strong documentation and report writing skills
  • Excellent time management and organizational skills combined with technical IT Security acumen
  • Expert knowledge of Firewalls, TCP/IP, IPS, DLP, proxies, SIEM, & Endpoint Protection software
  • Financial and/or Banking industry experience preferred
Responsibilities
  • As part of the IT Security team, develop and implement CLS IT Strategy in consultation with the CLS IT teams, ensuring that all initiatives are mirrored in respective strategies including the overall CLS Strategy
  • Provide security advice and support for information technology projects as Cloud Security subject matter expert (SME)
  • Research new security related products and services to ensure that CLS is equipped with appropriate industry best tools and solutions
  • Subject Matter Expert (SME) for cloud security within the Security Operations Department.
  • Experience working with and managing IDPS deployments such as Suricata/Snort including a strong PCAP analysis skillset.
  • Implement and optimize detection and response workflows in cloud-native/hybrid environments.
  • Monitor, investigate, and triage cloud security alerts from SIEM and cloud native tools.
  • Collaborate with cloud operations and infrastructure teams to ensure secure architecture and configuration.
  • Create and maintain cloud-focused detection rules and playbooks in collaboration with incident response teams.
  • Contribute to investigations and assist in threat hunting within environments.
  • Review cloud logs.
  • Support compliance efforts through evidence gathering, control validation, and reporting.
  • Participate in security reviews for existing integrations and new services etc.
  • Investigate and respond to security incidents escalated from the SOC.
  • Assist in implementing cloud workflows utilizing Lambda and Step functions which enable cloud incident response
Desired Qualifications
  • Security certifications such as CISSP and at least one GIAC GSEC, GCED, GCIA, GCIH, GREM, GCFR or equivalent is preferred
  • Cloud certifications such as AWS Solution Architect, AWS Security Specialty etc.
  • Knowledge of incident handling life cycle based on an established framework: ISO 27035, SANS, NIST SP 800-61, CERT, ENISA
  • Experience with security and automation in cloud native environments.

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.