Full-Time

Assistant Vice President

Product

Confirmed live in the last 24 hours

CLS Group

CLS Group

501-1,000 employees

No salary listed

Senior, Expert

London, UK

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.

Category
Product Management
Product
Required Skills
Data Analysis
Requirements
  • Creative mindset with strong product sense and design sensibility
  • Knowledge of FX and capital markets, products and operational processes through front to back office
  • Strong understanding of development processes, methodologies and tools.
  • Data analysis and visualization skills, with ability to transform data into actionable insights.
  • Ability to clearly articulate business logic and requirements to technical partners
  • Strong analytical capabilities, problem solving and sound judgment.
  • Excellent written and verbal communication skills with attention to detail, maintaining high standards for all deliverables.
Responsibilities
  • Define and execute product strategy and roadmap.
  • Product discovery, validation of new concepts and ideas
  • Identify gaps/pain points and translate into actionable opportunities for product enhancement.
  • Day-to-day ownership and management of designated products
  • Serve as subject matter expert for assigned products, demonstrating deep understanding of functionality, workflows, messaging, use cases and value proposition.
  • Demonstrate the product to potential customers and provide training to new users.
  • Gather and prioritize client feedback to inform product enhancements.
  • Collaborate with cross functional teams to ensure successful delivery and roll-out of product enhancements.
  • Analyse data and generate actionable insights for reporting and driving decision making.
  • Be hands-on and delve into functional and technical details when necessary.
  • Build and maintain strong relationship with clients and business partners
Desired Qualifications
  • Relevant work experience preferably in financial services
  • Bachelor’s degree in technology/finance/business or related field of study
  • Track record of working in multi-disciplinary teams.

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

  • Growing adoption of CLS's CCS service by major banks like Société Générale and Barclays.
  • CLSNet's 61% growth in daily volumes highlights demand for DLT-based solutions.
  • CLS's award-winning infrastructure strengthens its reputation in the financial market.

What critics are saying

  • Emerging fintech competitors may challenge CLS's market position with innovative solutions.
  • Regulatory pressures may necessitate significant investments in compliance and technology.
  • Economic instability could reduce transaction volumes, impacting CLS's revenue.

What makes CLS Group unique

  • CLS's CCS service optimizes liquidity and reduces settlement risk for FX transactions.
  • CLSNet offers DLT-based netting for 120 currencies, enhancing efficiency and reducing costs.
  • CLS's alternative PvP solution development showcases its commitment to industry needs.

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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.