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.
CLS recognises Procurement capability has a growing potential to contribute to cost management capability as well as improving the value from our vendors. Over the last 12 months, a number of changes have been implemented to help enhance the maturity of the Procurement function (from a greenfield environment). This role is to support the team , and has a particular focus in carrying out contract reviews and contract renewals, as well as helping CLS’s Procurement team to carry out an array of procurement activities during their transformation journey.
Job purpose - major duties and responsibilities of the job
CLS are establishing a new operating model for Procurement, and will need the Procurement Manager to:
- Support the team in delivering day to day Procurement activities
- Process contract renewals.
- Carry-out contract negotiations
- Process purchase requisitions
- respond to, and adhere to, new and existing regulatory guidelines and initiatives, enabling CLS to effectively assess and manage the risk introduced by engaging with third parties during the course of executing business activities.
- help support the Strategic Procurement agenda through their data and analytical skillset.
The selected Procurement Manager will be involved in supporting the team across all spend categories
Responsibilities include the following:
- Engage with stakeholders to understand business needs, ensure that procurement policy and processes are being adhered to, and that best practise is delivered.
- Support the Procurement Lead in the delivery of procurement activities relating to all spend areas.
- Support the procurement lead on complex negotiations to optimise overall commercial position.
- Implement/ Renew contracts in accordance with the end-to-end procurement process.
- Ensure processes and procedures are fully documented and followed.
- Deliver value through cost savings, value generation, and demand management.
- Carry out contract remediation activities.
- Monitoring and reporting against agreed KPIs / Dashboards/ Trackers / Spend Reports (as and when required).
- Process Purchase Requisitions.
- Cleanse Data in system
Knowledge, skills and abilities - competencies required for successful job performance
- Expert in contract reviews – ability to quickly understand, review and interpret contract clauses, and negotiate an optimal contractual position for CLS.
- Efficiency – Ability to review, negotiate and implement a high volume of contracts within a short period of time.
- Ability to thrive under pressure and short deadlines.
- Expert on MS Excel. Ability to help elevate the quality of reporting across the Procurement team.
- Very comfortable with data analytics. Ability to use data to support an ideas, or identify new opportunities and add value.
- Experience working in specific Procurement systems (Coupa, Ariba, SAP or Oracle).
- Strong written and verbal communication skills.
- Strong attention to detail and accuracy, as well as the ability to produce relevant and valid reports.
- Good knowledge of Procurement best practices,
- |Ability to multitask and support the team across a number of projects.
- Excellent interpersonal skills to engage with large number of stakeholders.
- Ability to approach problems enthusiastically and confidently to drive tasks through to completion.
- Minimum 5 years experience, preferably in a Procurement role.
Qualifications / certifications
- Degree educated preferred
- Expertise in interpreting and reviewing contracts is a MUST
- Ability to demonstrate tangible experience from previous role.
- Expertise of Microsoft Excel .
- Ability to work under pressure and deliver within tight timelines.
- Experience in Procurement is a MUST.
- Suitable for someone wishing to develop their career in a financial services organization.
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.
What We Do
In 2022, we celebrate 20 years of delivering unprecedented levels of risk mitigation, liquidity optimization and operational efficiencies.
Trusted by thousands of counterparties within the global FX ecosystem, 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 unrivaled 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 you can put your capital and resources to better use.
Our complementary products are designed to enable you to manage your 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.
