Director, IT Security Third Party Monitor & Compliance

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: IT Security Third Party Monitor & Compliance

Department: IT Security

Corporate Level: Director

Reports To: Executive Director, Head of IT Sec Transformation

Location: London

What you will be doing

Lead the set-up, development and management of the new Third-Party Security Monitoring team, including fostering a culture of technical excellence and continuous improvement, for example:

Team building, mentorship, and development for high-performing critical Third-Party Security Monitoring specialists in support of the overall security strategy.

Drive the operationalisation and continuous monitoring of critical Third-Party supplier security obligations, ensuring compliance with CLS security requirements.

Play a leading role in the set-up of the operational monitoring regime in respect of the recently established “Security Delivery Obligations”

Operate this monitoring regime, including ensuring appropriate design and operational effectiveness of these obligations, as outlined in the Customer Security Document (CSD).

Ensure the third party has clear remediation plans for any areas of non-compliance identified in this testing

Review a critical Third-Party supplier's security processes and documentation, ensuring these processes and documentation align with CLS standards, CSD requirements, and regulatory expectations

Set up and operate governance processes, with supporting metrics and performance indicators, in respect of the new third party monitoring regime

Liaise extensively with required internal stakeholders (e.g., IT Security Teams, Procurement, Legal, Risk etc) and the critical Third-Party supplier stakeholders.

What we’re looking for

Oversee the Critical Third-Party Supplier Security Monitoring team, driving innovation and ensuring the team has a clear understanding of its roles and responsibilities, and how they contribute and align to CLS’s overall IT Security Function.

Lead Critical Third-Party Supplier Security Monitoring transformation programs and implement robust security monitoring solutions that establish a strong foundation for CLS's IT Security Function.

Identify Critical Third-Party Supplier Security Monitoring priorities to establish and strengthen a robust security team, by focusing efforts on tailoring work and programs for CLS specific needs.

Drive strategic influence and foster strong relationships with key internal and external stakeholders. For example, engaging with Procurement, Legal, Risk, other IT Security departments, and critical third-party suppliers themselves to ensure effective security oversight, compliance, and continuous improvement of supplier security posture.

Professional qualifications / certifications

Experience in third-party security risk management, vendor oversight, or security governance (12-15 years), including ~8-10 years in a leadership role managing third-party security relationships.

Experience in:

Leading team adherence to operational and compliance standards within highly regulated environments.

Reporting on team performance and project progress to senior management, translating technical insights.

Representing the team in governance forums or committees, providing expert input and driving outcomes.

Understand, interpret and apply regulatory requirements, compliance and industry standards as pertains to critical Third-Party supplier Security Monitoring and Compliance.

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.