Director, Cyber Resilience Strategy Lead

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 - Protect, Improve, Grow - underpin everything that we do at CLS and define and shape a supportive and inclusive working environment in which everyone is encouraged to be open and forward-thinking.

Company background and culture

Created by the market for the market, CLS is the trusted party at the center 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.

Given our systemic importance to the global FX market and its participants, the mission critical priority of the CLS Board, management and employees, is to maintain the robustness and resilience of CLS services, mitigate settlement risk in the CLS ecosystem and deliver operational and funding efficiencies for our clients.

CLS has been designated a systemically important financial market utility (SIFMU) by the US Financial Stability Oversight Council (FSOC). While the Federal Reserve is CLS's primary supervisor with statutory examination and enforcement powers under Reg HH, CLS is also uniquely overseen by the Bank of England and an Oversight Committee composed of 23 global regulators.

In essence, CLS's core FX service is a highly specialized collection of member rules, contracts and processes that efficiently achieve settlement t reduction.

Inherent to the CLS business model and value proposition are three important sources of competitive advantage:

CLS benefits from the strong global regulatory endorsement of its FX settlement risk mitigation mission, enabling direct access to central bank accounts and RTGS systems in 18 currencies as well as a dedicated

CLS settlement window for all currencies.

While reducing settlement risk for its settlement members and clients, CLS also achieves significant operational cost savings and liquidity efficiencies in the multilateral netting of gross FX settlement and the net funding of settlement obligations.

CLS's dedicated technological and operational design is underpinned by comprehensive member rules, a robust legal foundation and strong risk models ultimately backstopped by risk mutualization across the owner members.

Our ambition to make a positive difference starts with our people. Our values - Protect, Improve, Grow - underpin everything that we do at CLS and define and shape a supportive and inclusive working environment in which everyone is encouraged to be open and forward-thinking.

Products and solutions

CLS has transformed FX with its innovative approach to multilateral netting and settlement. The company has worked to reduce systemic risk while creating operational efficiencies and significant cost savings for its clients.

CLS's network has unparalleled insight into common market challenges - it is therefore able to leverage its experience and substantial market intelligence to address its client's wider settlement, processing and data needs. The key focus being to enhance its existing product portfolio in order to make the trading process faster, easier, safer and more cost-effective for its clients.

Settlement - the organization's primary product and focus. The strength of CLS's network is based on the proven quality of its service and near-zero-tolerance attitude to failure. As the market evolves CLS continues to innovate and expand, bringing excellence in settlement solutions to new market participants.

Processing - a growing product suite gaining in size and importance. Improving post-trade efficiency is a key business driver for members of the FX community and CLS leads the market in driving innovative solutions that bring greater standardization to the post-trade environment, enabling its clients to remain competitive in an evolving market.

Data - CLS's clients rely on robust transaction data to gain insight into market trends. In order to empower client growth and improve trading strategies, CLS has built the largest single source of FX executed trade data available to the market.

Job purpose - major duties and responsibilities of the job

• The Cyber Resilience Strategy Lead will develop, evolve, and align the organization's Cyber Resiliency posture in line with increased threats, leadership risk appetite, evolution of business requirements, and regulatory expectations.

• Synchronize multiple teams to develop and implement policies, frameworks, standards and procedures to ensure the highest levels of cyber resiliency across the full breadth of the organization and its critical vendors.

• The position will align with a broad group of senior stakeholders from Board and Management Committee's - including Executive Management Committee (EMC), Operating Committee (OpCo), Risk Management Committee (RMC), Technology and Operations Committee (TOPS), and business leaders across all corporate functions and legal entities.

• Supporting the Cyber Resilience external engagement strategy - representing the organization at industry working groups, forums, and conferences, including delivering ad hoc presentations at various resilience events.

• Develop and maintain a comprehensive knowledge of the organization's operational process and technology requirements across the company's suite of Settlement and non-Settlement services and related programs and identify where cyber resilience can contribute to keeping those services reliable and secure from cyber threats.

• Lead and coach: optimizing existing processes, synchronizing cyber resilience training and education, identify and guide automation opportunities, and integrate new technologies necessary to build and sustain cyber resilience within CLS.

Leadership

• Strategic mindset and global perspective: seeing ahead to future possibilities and translating them into strategies. Taking a broad view when approaching issues with a global lens.

• Decisive - provides clear direction to key stakeholders and the wider organization.

• Balance stakeholders: anticipating and balancing the needs of multiple stakeholders, across a highly complex, global ecosystem.

• Cultivates innovation: creating new and improved ways for the organization to be successful.

• Manages complexity: making sense of complex, high quantity, and sometimes contradictory information to effectively solve problems.

• Manages ambiguity: operating effectively and decisively, even when things are not certain, or the way forward is unclear.

• Collaborates: building partnerships and working collaboratively with others to meet shared objectives.

• Influence: proven success navigating and operating effectively in a matrix organization.

• Customer focus: building strong customer relationships and delivering customer-centric solutions.

• Committed to professional development with a personal appetite to grow and contribute further to the organization over time.

Knowledge, skills and abilities - competencies required for successful job performance

• Considerable experience in senior cybersecurity and resilience positions, ideally within other entities within the CLS ecosystem of financial institutions, central banks, regulators and other FMIs.

• Strong thought leader with clear and effective written and verbal communication skills. Confident ability to engage with senior executives, stakeholders, and key external parties. Active listener able to discern stakeholder equities, concerns, and identify opportunities.

• Detailed understanding of the cyber threat landscape, ability to discern applicable risk surfaces, and the ability to develop, articulate, and execute cost efficient and effective cyber resilience programs.

• A proven technologist with strong technical and cyber understanding, appreciation of modern systems architecture, security, high availability and low-latency operating models.

• Experience with corporate and regulatory governance in a financial institution or FMI.

• Detailed understanding of identifying and mitigating cyber risk involving critical vendors and the services they deliver.

• Expert at budget planning and utilization of contract support against time sensitive and high visibility transformation or remediation initiatives.

• Genuine interest, knowledge and passion aligned to the Global FX Markets, and a strong appreciation for the position CLS has within this marketplace.

• Exemplary reputation as a respected and trusted executive leader in cybersecurity.

Our commitment to employees:

At CLS, we celebrate diversity 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.
• Affinity Groups (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 DE&I.
• 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.