Internal Audit - Transformation and Change Management

Cls Group; New Jersey; On-site; USD 175,000 - 200,000; Full time

Benefits offered by this job

Hybrid working

Private medical insurance

Dental cover

Pension contributions

401(k) match

Education through Discover Platform

Parental leave

Volunteer days

Flexible working

Heads Down Days

Job summary

CLS is seeking a Vice President, Transformation and Change Audit to lead audits within the Internal Audit department in New Jersey. You will manage planning, testing, and findings for complex reviews, mentor junior staff, and oversee remediation tracking with stakeholders.

The role emphasizes data analytics, portfolio audit leadership, and collaboration with senior management. A technology-focused degree and relevant certifications are preferred, with strong communication and regulatory

Qualifications

• Extensive experience in Internal Audit within financial services (ideally banking).
• Ability to provide technical subject matter expertise during integrated audits.
• Strong analytical skills and communication at all levels of management.
• Experience with regulatory requirements (e.g., FRBNY).
• Proven track record leading a portfolio of project audits and developing teams.

Responsibilities

• Audit Management and Execution: plan and test complex audits, design test papers, draft findings and executive summaries.
• Mentor junior IA members and ensure methodology consistency.
• Lead validation and tracking of remediation with oversight.
• Drive improvement of audit practices and methodology.
• Stakeholder Management / Strategic: build relationships, apply data analytics to audits, monitor portfolio risks, and report to Audit & Finance Committee.
• Professional Development: maintain knowledge, share learnings, and uphold IIA standards.

Skills

Internal Audit

Portfolio audits

Data analytics

Regulatory knowledge

Leadership

Communication

Project management

Education

Bachelor’s or Master’s degree in technology-related field

Project Management Qualifications – PMP / PgMP / PfMP / Prince2 / MSP / PMI

Internal Audit Certifications – CISA / CIA / CISM

Tools

Data analytics tools

Job description

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:

• Targeted innovation
• Facilitate connections
• Inclusive culture

Job information:

• Functional title – Vice President, Transformation and Change Audit
• Department – Internal Audit
• Report to - Natalie Danilkina, Head of Transformation and Change Audit (US)
• Location – New Jersey
• Salary - $175,000 -- $200,000 variable compensation + 401(k) match + benefits.

What you will be doing:

Audit Management and Execution: (80%)

• Execution of planning and testing for complex audits and high-level reviews, including designing test strategies, audit test papers and drafting of audit findings & executive summary.
• Review and mentoring of more junior IA members’ work on relevant methodology and tools to meet audit objectives.
• Lead on validation and tracking (with oversight) to confirm management’s remediation of audit and regulatory issues.
• Actively contributing to the ongoing improvement of audit practices and methodology.

Stakeholder Management / Strategic (15%)

• Develop and maintain working relationships with peers across the organization.
• Where required, lead/contribute to the use of data analytics by Transformation and Change Audit.
• To monitor strategic developments within CLS to highlight any unidentified risks or potential control issues.
• Perform continuous monitoring of the project portfolio, under the direction of senior audit management, to identify emerging risks and issues and report to audit management and the Audit & Finance Committee.
• Identify areas for improvement within Internal Audit and play a leading role on department improvement initiatives.
• Support and provide input into the Internal Audit risk assessment process to inform the Audit Plan.

Professional Development (5%)

• Proactively maintain knowledge, skills, and disciplines, with on-going professional development.
• Identify and share useful learning opportunities for other Internal Audit team members.
• Maintain the professional standard of the Internal Audit function and work within its agreed Terms of Reference and IIA standards/guidelines, Charter, and Mandate.
• Demonstrate adaptability to ensure that the audit focus is maintained on key issues, under the guidance of audit senior management.

What we’re looking for:

• Extensive experience working within Internal Audit in a financial services environment (ideally banking) and strong project/program/portfolio audit experience across a range of projects in a financial institution.
• Ability to provide technical subject matter expertise during integrated audits.
• Strong analytical skills.
• Experience of dealing with all levels of management; ability to influence at all levels.
• Excellent communication skills, both written and verbal.
• Experience and understanding of regulatory requirements, e.g. FRBNY.
• Confident in managing and leading a portfolio of project audits.
• Proven success in building, developing, and management teams.
• Strong team player but also be able to work independently.
• Proactive, initiative-taking - ability to plan, organize, perform, and manage work with minimal supervision.
• Results oriented – able to deliver high-quality results in an environment of changing demands, variable workloads, and tight timescales.
• Able to think on a broad scale about issues affecting the company, not just those related to IA or the control environment.
• Able to interpret internal and external issues and recommend solutions/best practices.
• Bachelor’s or master’s degree (required) in a technology-related field (preferred).
• Project Management Qualifications – PMP, PgMP, PfMP, Prince 2, MSP, PMI or similar
• Internal Audit Certifications – CISA (preferred), CIA, CISM
• Experience of managing a portfolio of Internal Audit Change audit assignments.
• Experience of managing and developing team members (preferred)
• Practitioner experience within the first line of defense in technology (including expertise in SDLC) and change management (preferred).
• Experience in working for Big Four focused on Change Management audits (preferred)
• Experience in working with data analytics tools

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 a sense of belonging, as well as 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
• ‘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
• ‘Heads down days’ with no meetings on the last Friday of every month
• Employee Networks (Black Employee Network, Parents & Caregivers Network, Pride Network, Sustainability Network, Veterans Network, Women’s Forum)
• Social events

Awards:

• The Sunday Times Best Places to Work 2023, 2024, 2025 / Big Company / The Sunday Times Awards
• Third place in Britain’s Healthiest Workplace 2022 / Medium Company / Vitality Awards

Our commitment to employees:

• 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.
• 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.