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: Procurement - Security Remediation and Transformation
Department: Procurement
Corporate Level: Contractor
Reports To: Director, Procurement
Location: London

About Procurement:

CLS recognises procurement capability plays a key role in supporting the delivery of value and the management of risk with third parties.

The procurement function is in the middle of a multi-year transformation journey to deliver on its Vision – We seek to provide a frictionless and strategic Procurement service to CLS, that embeds our risk culture and delivers added value by applying our expertise, leveraging the market, building trust, and enhancing collaboration with our Business Partners.

This new role will be an integral component of delivering this vision.

Job purpose - major duties and responsibilities of the job

The Procurement Manager - Security Remediation and Transformation, based in London, will lead and support third party management activities, ensuring the effective management of Third-Party engagements and adherence to procurement policies and controls. This role involves working closely with stakeholders and third parties to deliver cost savings, optimize commercial positions and manage third party risk.

What you will be doing:

Manage a “book of work” as part of CLS Security Programme + CLS Security “Business as Usual” activities (mostly dealing with Vendors across Technology Security) covering the Third-Party Management lifecycle which includes sourcing, tendering, commercial management, contracting and ongoing monitoring of vendors.
Understand and ensure functional and business compliance to Third Party Management policies, procedures and controls.
Engage with business stakeholders to understand and deliver against business requirements and objectives.
Support the broader procurement team when/ where needed to deliver against the functional agenda.
Monitor and maintain reporting against “book of work” dashboards, trackers and reports.

What we’re looking for:

Strong task management: Ability to manage priorities, review and deliver against a high volume “book of work”.
Self-starter and delivery-oriented individual, whilst being able to maintain high quality of work, and respect of CLS Risk and Controls processes.
Expert in contract reviews – ability to quickly understand, review and interpret contract clauses, and negotiate an optimal contractual position for CLS.
Ensuring effective stakeholders’ management.
Proficient in the use of Microsoft suite to support data analytics and recommendation / decision making.
Experience working in procurement systems (Oracle Coupa, SAP/Ariba)
Strong written and verbal communication skills.
Strong attention to detail and accuracy,
Good knowledge of procurement best practices.
Excellent interpersonal skills to engage with large number of stakeholders.
Strong team working / improvement ethic to support the delivery of the functional transformation agenda.

Professional qualifications/certifications:

Degree educated preferred
Minimum 5 years work experience in a Procurement role
Experience of working in Technology Procurement: Familiar with SaaS and/or other licensing models, specifically with Security Vendors. Other Cyber/Security Professional Services experience appreciated but not mandatory.
Regulated industry experience preferred.

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.

Procurement - Security Remediation and Transformation

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