Financial Crime Compliance Associate - US - Contractor

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: Financial Crime Compliance Associate

Department: FCC Risk

Corporate Level: N/A

Reports To: Director, Financial Crime Compliance

Location: NY / NJ

Financial Crime Compliance Associate - US - Contractor

What you will be doing

Record transaction monitoring alert dispositions results and evidence.

Execute certain quality assurance tasks representative for the team to maintain constant state of audit readiness.

Perform and assist the Financial Crime Compliance (FCC) 2 nd Line Director on AML and Sanctions related BAU monitoring and investigations processes managed by the 2 nd line FCC, as well as check and challenge of 1 st line activities.

Support the enhancement of the AML framework with a focus on data analytics, data mining and IT support (Excel, Microstrategy, IT projects).

Enhance controls framework for tracking tasks.

Execute process enhancements with a commitment to consistency and successful implementation within the set targets and deadlines.

Support the execution of the AML compliance program by conducting 314A searches, and dispositioning the transaction monitoring alerts produced monthly.

Develop metrics and analyze investigations related data for monitoring and reporting.

Run data and spreadsheet reports as requested based on specific criteria. Expected to create increasingly complex reports over time (e.g., individual customer profile, year-on-year growth of customers by region, for each currency, and grouped by counterparty type, etc).

What we’re looking for

Demonstrated BSA/AML/KYC subject matter expertise.

Experience/expertise with the design, testing and implementation of compliance-related applications.

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.

3-5 years professional experience in BSA/AML Compliance in Banking/Financial Services.

Advanced proficiency in Microsoft Office applications (Word, Excel and PowerPoint).

Certified Anti-Money Laundering Specialist (CAMS) or equivalent certification, or willing to pass the exam within six months of hire.

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.