Full-Time

Vice President

Security Governance, Risk and Assurance

Confirmed live in the last 24 hours

CLS Group

CLS Group

501-1,000 employees

Global FX settlement and risk management services

No salary listed

Senior

London, UK

Onsite 2 days per week

Category
Cybersecurity
IT & Security
Connection
Connection
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Requirements
  • Minimum of 5 years’ experience in Information and Cyber Security, with minimum of 2 years’ experience in a security risk team.
  • Highly organised with experience of planning and reporting data, information and updates.
  • Ability to collaborate effectively with others to drive forward key security objectives.
  • Expert in technical writing reports and documenting risk assessment findings and mitigation plans clearly and accurately.
  • Attention to detail, Meticulous attention to detail to ensure data accuracy and integrity and ensure thorough and accurate risk assessment.
  • Problem solving, ability to grasp security issues that impact multiple entities and troubleshoot with proposing and consulting with colleagues on effective solutions to mitigate risks.
  • Excellent verbal and written communication skills to convey complex technical information clearly and effectively. Presenting data insights to non-technical stakeholders.
  • Strong understanding of security risk management and taxonomy principles, to reduce risk to an acceptable level.
  • Knowledge of vulnerability management and incident management practices.
  • Experience with GRC tools and best practices. RSA Archer is preferred.
Responsibilities
  • Maintain security policy, standards, procedures and frameworks.
  • Ensure alignment with security industry standards such as NIST CSF and NIST 800-53.
  • Act as an advisor to colleagues across the organisation on best security practice.
  • Conduct regular risk assessments and maintain risk register in RSA Archer.
  • Identify assess and prioritize security risk across the organisation’s information assets and environments.
  • Understanding security gaps and provide evaluation and treatment options, consultation on remediation approaches to address gaps and continue ongoing monitoring of remediation, re-assess until reduced to an acceptable level.
  • Supporting Cybersecurity Risk Management strategies based on security findings and observations. Including informing improvements to organizational cybersecurity risk management processes, procedures and activities are identified across all security functions.
  • Profile and assign asset security criticality and prioritize risk assessments.
  • Where risk driven change is agreed across security functions, monitoring improvements against the baselined risk to evidence and report where security risk is being reduced to an acceptable level across security functions. Including Policy exceptions and dispensations.
  • Run lessons learned forums and recommend improvements to security controls.
  • Represent security on audits and assessments, ensuring compliance with internal and external requirements.
  • Provide assurance to stakeholders through detailed reporting and metrics.
Desired Qualifications
  • Financial and/or Banking industry experience preferred.
  • Ideally qualified in MSc Information Security, CICA, CRISC, CISM and/or Data analysis beneficial but not essential if experience validates skills.
  • Proficiency in security frameworks (e.g., NIST CSF, ISO 27001, SOC1,2).
  • Prince 2, MSP, APMQ advantageous.
  • A desire to continue learning and developing security skills and qualifications.

CLS Group operates within the foreign exchange (FX) market, providing a settlement infrastructure that enhances the safety, efficiency, and cost-effectiveness of currency transactions. Their system processes trillions of dollars in currency flows daily, significantly reducing systemic risk for participants. CLS Group's unique approach to multilateral netting allows clients to reduce their funding requirements by over 96%, enabling them to allocate their capital more effectively. Additionally, CLS offers tools for efficient processing and market intelligence, leveraging the largest source of FX executed data to help clients manage their risk throughout the entire FX lifecycle. The company's goal is to streamline FX transactions and improve risk management for its clients.

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.