GBBC Member Careers

Participation and Credit Risk: Macro and Model Risk Lead

CLS Group

CLS Group

New York, NY, USA
Posted on Friday, May 12, 2023

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.

  • 10+ years of work experience in a risk, economist, or research role in a major investment bank or rating agency.
  • Master’s degree in Finance, Quantitative/Mathematical Finance, or other quantitative discipline (preferred), or a Bachelor’s degree in Economics or Finance
  • Exceptionally good writing and presentation skills in order to translate quantitative analysis results into senior management and regulatory presentations.
  • Proven experience in analyzing and understanding the risk profiles of banking institutions and sovereign jurisdictions using both qualitative and quantitative methods
    • Experience creating automated reports, visualization tools, and/or web-based dashboards using R and/or Python
    • Track record in analyzing large datasets in order to create and maintain classification and predictive models for risk management business uses.
    • Experience with devising, fitting, and evaluating statistical models, including principles of data science
    • Familiarity with using counterparty risk models under BAU and stress scenarios under Fed supervision and SR11-7
    • Experienced Bloomberg user
  • Excellent understanding of financial markets and macroeconomics, and the impact certain geopolitical events may have to the global financial market.
  • Demonstrate strong organizational and time-management skills, as well as critical thinking; attention to details
  • Experience in team management
Expected full-time salary range between $150,000 - $175,000 + variable compensation + 401(k) match + benefits.
*Note: Disclosure as required by NY Pay Transparency Law of the expected salary compensation range for this role

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.