Assistant Vice President, IT Financial Management

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.

Job information:

• Functional title - IT Financial Management (Technology planning and strategy)
• Department – Office of the CIO
• Corporate level – Assistant Vice President
• Report to – ED, Head of IT Financial Management
• Location – London, onsite 2 days per week

What you will be doing:

• Tracking and reporting on the financial records for the Technology Division, including IT Security. Report on all cost variances, investigating all cost saving opportunities.
• Review meetings with Finance of Technology monthly accounts, in preparation for review at leadership meetings. Report on Technology’s financial KPI’s.
• Support annual budget process with, working with key stakeholders in Finance and Technology to complete the budget within the outlined Group Finance Management timeline.
• Review all purchase requisitions within Technology across both Project and BAU. Ensure these all have the necessary approvals and are tracked against the correct budget.
• Support senior leadership approval meetings for both the CIO and Head of IT Transformation & Change Management. Including agendas and minutes.
• Cost analysis reporting.
• Data gathering, cleansing and analysis.
• General support the Office of the Chief Information Office. The Office of the CIO are the ‘right hand’ to the CIO, responsible for the operational and strategic management of IT. The team works collaboratively across IT and the wider organization to drive strategy and functional performance.

What we’re looking for:

• Advanced Microsoft Excel skills (creating spreadsheets and using financial functions)
• Understanding of accounting and financial management principles
• Familiarity with Procurement and Vendor processes
• Attention to detail, with the ability to spot numerical errors and data inconsistencies
• Strong communication and stakeholder engagement skills, both verbally and written
• Professional qualifications / certifications
• Financial qualifications desirable.

Our commitment to employees:

We are a small company with a big mandate, so every person is essential to our success. We are also committed to employing and retaining the most talented and dedicated people. What makes us interesting goes beyond our competitive salaries and great benefits. Our work environment is designed around quality outcomes, not output. The FX market would cease to function without our services, and we take pride in being responsible for keeping it running smoothly. We are different from other financial institutions in that we have a flatter and more transparent structure with accessible leadership. You will be seen, heard and empowered to develop your career. We are a purpose-driven organization, with an inclusive culture that focuses on doing what is right. The well-being of our people is as important to us as the resilience of our systems. In addition to encouraging our people to ‘locate for their day,’ we run a range of initiatives that support employees’ sense of belonging and physical, emotional and mental well-being.

Our extensive benefits for employees typically include:

• Vacation/annual leave: 25 days in UK/Asia + 3 life days, 23 in US + 3 life days
• Private medical and dental cover and life insurance
• Generous pension contributions in the UK and Asia; matching 401(k) in the US
• Paid volunteer days ‘Locate for your day’ hybrid working – 2 days a week in office.
• Access to Discover – our learning platform with 1000+ courses from LinkedIn Learning.
• Paid parental leave / Coaching and support services
• Career development / LinkedIn Learning ‘Heads down days’ with no meetings on the last Friday of every month
• Wellbeing / Mental health support
• Diversity Council / Affinity groups (Women’s Forum, Black Employee Network, Pride Network, Parents & Caregivers Network, Sustainability Network)
• Social events

Awards: The Sunday Times Best Places to Work 2023 & 2024 / Big Company / The Sunday Times Awards Third place in Britain’s Healthiest Workplace 2022 / Medium Company / Vitality Awards