Senior Associate, FCC - US - Contractor

CLS Group•New York, NY 11201, US• Contract

Posted 19 hours ago• Business & Finance

Job Description

About CLS:

CLS is the trusted party at the centre of the global FX ecosystem. Utilized by thousands of counterparties, CLS makes FX safer, smoother and more cost effective. Trillions of dollars’ worth of currency flows through our systems each day.

Created by the market for the market, our unrivalled global settlement infrastructure reduces systemic risk and provides standardization for participants in many of the world’s most actively traded currencies. We deliver huge efficiencies and savings for our clients: in fact, our approach to multilateral netting shrinks funding requirements by over 96% on average, so clients can put their capital and resources to better use.

CLS products are designed to enable clients to manage risk most effectively across the full FX lifecycle – whether through more efficient processing tools or market intelligence derived from the largest single source of FX executed data available to the market.

Our ambition to make a positive difference starts with our people. Our values underpin everything that we do at CLS and define our working environment:

Pivotal purpose
Trusted guardian
Targeted innovation
Facilitate connections
Delivering excellence
Inclusive culture

Job Information:

Functional Title: Senior Associate, FCC
Department: Onboarding, DD and FCC
Corporate Level: Senior Associate
Reports To: Vice President, Financial Crime Compliance
Location: New York, NY

What you will be doing:

The Financial Crime Compliance (FCC) team is part of the first line of defense (1LoD) within the Operations division. This position supports the day-to-day execution of the FCC 1LoD program by performing AML and sanctions related control activities. Responsibilities will include:

Perform KYC / due diligence, enhanced due diligence, and related research for new and existing customers
Complete the accompanying administration requirements associated with due diligence, such as drafting reports and accompanying notes.
Act in maker / level 1 capacity for customer onboarding application across all CLS Products, responsible for inputting required data, uploading required documents, and performing initial reviews of screening alerts.
Run data and spreadsheet reports as requested based on specific criteria.
Support the enhancement of CLS’s AML & Sanctions framework.
Provide support for internal audit reviews and external regulatory exams aimed at testing the adequacy of BSA/AML and Sanctions program objectives and accompanying controls, policies and procedures.

What we’re looking for:

Demonstrated BSA/AML/KYC subject matter expertise.
Prior experience supporting customer onboarding / KYC / periodic reviews for institutional customers.
Prior experience supporting internal audit engagements and remediation efforts.
Understanding of payments and foreign exchange markets.
Ability to manage urgent requests in a timely manner.
Excellent verbal and written communication skills.
Self-starter with the ability to work independently and proactively solve problems.
High level of attention to detail.
Willing and enthusiastic about learning and committed with a desire to succeed.

Professional qualifications / certifications

Bachelor’s/University degree.
Minimum of 3 years professional experience in BSA/AML Compliance in Banking/Financial Services.
Proficiency in Microsoft Office applications (Word, Excel and PowerPoint).

Our commitment to employees:

At CLS, we celebrate inclusion and consider this to be one of our strongest assets. We are committed to fostering an environment in which everyone feels comfortable to be who they are, and inclusion is valued. All employees have access to our inclusive benefits, including:

Holiday - UK/Asia: 25 holiday days and 3 ‘life days’ (in addition to bank holidays). US: 23 holiday days.
2 paid volunteer days so that you can actively support causes within your community that are important to you.
Generous parental leave policies to ensure you can enjoy valuable time with your family.
Parental transition coaching programmes and support services.
Wellbeing and mental health support resources to ensure you are looking after yourself, and able to support others.
Employee Networks (including our Women’s Forum, Black Employee Network and Pride Network) in support of our organisational commitment to embrace and always be learning more about inclusivity.
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.
Active support of flexible working for all employees where possible.
Monthly ‘Heads Down Days’ with no meetings across the whole company.
Generous non-contributory pension provision for UK/Asia employees, and 401K match from CLS for US employees.
Private medical insurance and dental coverage.
Social events that give you opportunities to meet new people and broaden your network across the organisation.
Annual flu vaccinations.
Discounts and savings and cashback across a wide range of categories including health and retail for UK employees.
Discounted Gym membership – Complete Body Gym Discount/Sweat equity program for US employees.
All employees have access to Discover – our comprehensive learning platform with 1000+ courses from LinkedIn Learning.
Access to frequent development sessions on a number of topics to help you be successful and develop your career at CLS.