Assistant Vice President, HR Shared Services

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

What You Will Be Doing:

• Manage and lead the day-to-day operations for the payroll, including reviewing input, and output for payrolls in UK, US, Hong Kong, Japan, Germany, and Switzerland (circa 750 employees).
• Manage and support the benefits administration including but not limited to pensions, PMI and Dental for UK.
• Manage and support the coordination and completion of payroll and UK benefit reconciliation and audits.
• Ownership of pa yroll Key Controls by ensuring they are in place throughout all payroll processes, and to review regularly to update and improve where necessary.
• Manage and support Finance to resolve payroll or benefit variances in monthly review meetings.
• Manage and process the Tax year end and Start of Year activity ensuring compliance with HMRC and IRS including but not limited to; UK P60s, P11d (B) and US W-2, 1099, 1042 returns.
• Participate in payroll / benefit system testing for any changes to functionality
• Manage complex payroll and UK benefits related queries, liaising with third party vendors, internal and external stakeholders where necessary.
• Periodical reviews of the current payroll and UK benefit processes, identifying inefficiencies and opportunities for improvement
• Contribute to updates to policies and procedures to respond and adhere to new and existing regulatory guidelines and initiatives.
• Provide support managing various third-party vendors.
• Assist with audit issue remediation across the HR department if required, including review of actions and implementation of control revisions and process maps
• Support with completing and evidencing control testing and risk & control self-assessments.
• Act as a point of contact / support as needed for the VP, HRSS and Payroll

What We’Re Looking For:

• In-depth knowledge and experience of running payroll end to end, ideally in UK. US payroll experience is a plus.
• Knowledge of applicable UK laws and regulations related to Payroll and HR and processes.
• The ability to organize a very busy workload and work accurately at a fast pace to ensure deadlines are met.
• Strong oral and written communication skills.
• Strong relationship building
• Self-motivated and directed.
• Analytical approach to issues
• Attention to detail 
• Proficiency in relevant payroll and HR technology tools desired (UKG, Activ, Greenhouse, Oracle)
• Experienced in Microsoft applications, particularly Word, Excel, and PowerPoint

Professional qualifications / certifications 

• Strong experience in UK payroll processing
• Payroll qualification, preferably CIPP would be advantageous
• Experience/exposure to US payroll processing a plus

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.