Director, Information Security Risk Management 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 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 - Information Security Risk Management Lead
• Department - Risk
• Corporate level - Director
• Report to - Head of Technology & Information Security Risk Management
• Location - New Jersey
• Expected full-time salary range between $ 180K - $250K + variable compensation + 401(k) match + benefits.
  • Note: Disclosure as required by NY Pay Transparency Law of the expected salary compensation range for this role.

What you will be doing:

Job purpose

The Information Security Risk Management Lead is a key member of the Risk Management team and is responsible for leading the implementation of the Enterprise and Operational Risk Management frameworks designed by CLS to identify, measure, monitor and mitigate information security risks.  The successful candidate serves as a second set of eyes to management to provide review and credible challenge of the effectiveness of information security processes and controls.  This position is highly engaged with the firm-wide Information Security teams who provide security solutions as well as all corporate departments that own information security risk.

 

Essential Function / major duties and responsibilities of the job

Strategic

• Risk Culture - Assist the CRO and Head of Enterprise Risk and Operational Risk Management in driving the culture of engagement, teamwork and accountability.
• Risk Assessments – Collaborate with the Information Security teams to guide and challenge risk assessments, and lead in efforts to strengthen the control environment in line with the evolving threat landscape.
• Process Improvements – Identify opportunities to reduce risk of recurrence of incidents and events through process evaluation and improvements plans.
• Operational Risk Management Framework - Support the CRO and Head of Enterprise Risk and Operational Risk Management in furthering the use and efficacy of the ORM framework while enhancing its applicability to manage information security risk.

Operational

• Review and Credible Challenge – Provide review and credible challenge of the information security risk profile and all associated framework components, e.g., risk and control self-assessments, control testing, event management, metrics and indicators, risk appetite, finding management, and reporting.
• Risk Oversight – Lead in executing oversight of information security risks by performing the following:
  • Provide subject matter expertise to business units to drive, guide and influence risk ownership, clarity and assessment of risks & controls.
  • Review and monitor the progress of actions and validate appropriateness of closure evidence.
  • Thematic review of operational risk events and associated proposed actions to reduce risk of recurrence.
  • Document credible challenge of information security risk appetite to support the Enterprise Risk management (ERM) program.
  • Regular review and challenge of key risk indicators including thresholds and applicability to risk appetite.
  • Prepare monthly and quarterly ORM/ERM reports and present to Technology Leadership, Audit, and regulatory bodies as required.
• Project Oversight – Lead in executing project oversight for information security risks by performing the following:
  • Provide challenge of risk management of material information security projects