CLS Group
- Avp, Reward
Avp, Reward
New York, United States
Job description
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.
Job information:
- Functional title - AVP, Reward
- Department – Human Resources
- Corporate level – AVP
- Report to – Head of Reward and Data Analytics
- Location - New York
- Expected full-time salary range between $120,000 - $140,000 + variable compensation + 401(k) match + benefits.
- Note: Disclosure as required by NY Pay Transparency Law of the expected salary compensation range for this role.
What you will be doing:
- Reporting to the Head of Rewards and Data Analytics, you will be a critical member of the HR team, helping to shape and align the firm’s Reward philosophy with its overall business objectives.
- You will play a significant role in driving the design, implementation, administration and communication of reward and benefit programs. You will work closely with the HR business partners as well as the business to help ensure that all aspects of benefits and compensation are delivered efficiently and effectively.
Compensation
- Support the Head of Rewards and Data Analytics in the design of compensation plans that consider internal equity, external market competitiveness and the organization’s ability to pay.
- Assist with annual and ad-hoc reward processes including salary reviews, bonus allocations, and compensation benchmarking.
- Provide ongoing management of HR’s compensation system to maximize technology and deliver high standards of service delivery.
- Assist in the development of metrics that measure the effectiveness of the firm’s compensation programs.
- Track and communicate key issues, regulations, practices and trends in compensation that may impact the firm.
- Support HR business partners in the recruitment process by analyzing and recommending competitive compensation packages for candidates.
Benefits
- Participate in the annual benefits review, recommending additions, revisions and/or deletion of benefit plans; participate in negotiation of renewals and new contract agreements.
- Be responsible for day-to-day management of Global benefit programs including, but not limited to: 401(k), Health and Welfare plans including medical, dental, vision, life, disability, wellness, FSA, executive benefits, etc.
- Collaborate with Finance, Payroll and vendors on administration, reporting, and analysis.
- Manage vendor relationships, including SLAs, to ensure excellent service and results.
What we’re looking for:
- Proven Reward experience
- In-depth experience in the design and administration of compensation and benefit programs.
- Strong analytical, project management and process management skills; exemplary attention to detail is required.
- Strong Excel skills.
- Excellent written and verbal communication skills; strong consultative/client service skills; ability to effectively communicate at all levels of the organization, from CEO and Board level to broad manager/employee base.
- Ability to manage multiple, high priority tasks and adjust to shifting priorities while meeting deadlines.
- The ability to identify opportunities and recommend solutions for process improvement/automation.
- High ethical standards, ability to work with discretion, and maintain the highly confidential nature of all human resources work.
- Experience managing and developing HR systems and/or HR reporting is preferred.
Professional qualifications / certifications
- Bachelor’s Degree required.
- HR certification a plus but not essential.
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.
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