Full-Time

Business Analyst

Cyber Security

Posted on 5/22/2025

CLS Group

CLS Group

501-1,000 employees

Provides multilateral netting-based FX settlement infrastructure

No salary listed

Iselin, Woodbridge Township, NJ, USA

Hybrid

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
IT & Security (1)
Required Skills
Agile
Requirements
  • Bachelor’s degree in Technology/Finance/Business/Science or related field of study
  • Demonstrable track record in the development of requirements on security projects is essential
  • Direct experience of security operations automation project delivery
  • Has supported business requirements definition and product / supplier selection in competitive procurement processes i.e. Response to Proposal (RFP) process (essential)
  • Must have excellent knowledge and experience of creating Business Requirements Documents (BRD) and Functional Requirements Specifications (FRS)
  • Good understanding of Software Development Life Cycle (SDLC), familiarity with waterfall and agile methodologies
  • Advanced knowledge and experience of using business analysis tools and techniques such as requirements gathering, process mapping, gap analysis is essential
  • Financial Services and / or regulated organisational experience
  • Able to work in complex matrix organisation
  • Must have a some knowledge of banking, front to back trade life cycle, settlement systems and practices would be helpful
  • Must be a strong team player who can share knowledge and help others succeed
  • Must have a positive can do attitude
  • Must be passionate about the quality of your work, strive to continuously improve and challenge the status quo
  • Good client facing skills and the ability to work/communicate with business & technical stakeholders is essential
Responsibilities
  • Deliver detailed business requirement/functional requirements/use cases/user stories/wireframes/ data mappings/training materials
  • Partner with key stakeholders to help shape and prioritize product roadmap
  • Work with development teams to identify solutions and help build better products
  • Work closely with QA and development team to ensure implementation meets requirements and usability guidelines
  • Develop subject matter expertise in your area of responsibility
  • Provide SME support, product demonstrations and training to internal & external users.
Desired Qualifications
  • Must have a some knowledge of banking, front to back trade life cycle, settlement systems and practices would be helpful

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.

INACTIVE