Full-Time

Senior Associate

Cybersecurity Analyst

Confirmed live in the last 24 hours

CLS Group

CLS Group

501-1,000 employees

Global FX settlement and risk management services

Compensation Overview

$100k - $120k/yr

+ Variable Compensation + 401(k) Match

Senior

Iselin, Woodbridge Township, NJ, USA

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
Cybersecurity
IT & Security
Required Skills
TCP/IP
Requirements
  • Bachelor’s degree in Cybersecurity or Information Technology preferred.
  • 1-2 years ‘hands-on’ IT Security analysis and engineering experience including securing systems, networks and infrastructure; operational support.
  • Entry level familiarity with intrusion detection, malware analysis, forensics and/or incident response, particularly in cloud environments.
  • 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 (to both technical and business audiences).
  • Excellent time management and organizational skills combined with technical IT Security acumen.
  • Familiarity of Firewalls, TCP/IP, IPS, DLP, proxies, SIEM, & Endpoint Protection software.
Responsibilities
  • Develop and implement CLS IT Strategy in partnership with the CLS IT teams, ensuring that all initiatives are aligned in respective strategies including the overall CLS Strategy.
  • Provide security advice and support for information technology projects.
  • Research new security related products and services to ensure that CLS is equipped with appropriate industry best tools and solutions.
  • Operate and maintain IT Security controls related to SIEM, DLP, UEBA, Vulnerability Management, and EDR tools with an emphasis on cloud deployments and implementations.
  • Conduct IT Security risk assessments for all high impact projects, defining security mitigating controls that impact the technology architectures of CLS, service providers, and business partners.
  • Support 24 x 7 Security Monitoring and Response on a rotational schedule.
  • Review and update IT Security procedures to reflect best practice and mitigate current and emerging threats.
  • Support the timely remediation of items identified as part of regulatory, audit, or other risk management processes.
  • Support relationship management with all third-party IT security vendors and strategic partners.
Desired Qualifications
  • Possess a strong service-oriented mind set to consistently deliver balanced security solutions that include people, process and technology.
  • Possess strong technical, analytical and problem solving skills.
  • Self-motivated to exceed management expectations and objectives.
  • Ability to effectively communicate complex technical issues to both business and technical staff at all levels.
  • Strong collaboration skills to tackle complex security challenges that may span across multiple internal and external departments and groups.
  • Able to effectively cope with change and comfortably handle risk and ambiguity, not upset when things are up in the air.
  • Tenacious resolve and positive attitude in challenging situations.

CLS Group operates within the foreign exchange (FX) market, providing a secure and efficient settlement infrastructure for currency transactions. Their system processes trillions of dollars in currency flows daily, helping to reduce systemic risk and standardize operations for participants in major currencies. CLS Group's multilateral netting approach significantly decreases funding requirements, allowing clients to utilize their capital more effectively. Additionally, they offer tools for risk management and market intelligence, leveraging the largest source of FX executed data to support clients throughout the entire FX lifecycle. The company's goal is to enhance the safety, efficiency, and cost-effectiveness of FX transactions for its users.

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.