Compliance and AML Associate

UK-London
ID
2015-1369
Department
Compliance

Overview

Interactive Brokers (U.K.) Ltd. ("IBUK") is an online brokerage firm providing sophisticated UK and European individual and institutional clients with cutting edge technology to trade shares, options, futures, forex, metals and other products worldwide. IBUK is part of a global group of financial services companies based in the U.S. with over $5 billion in capital and publicly traded under the symbol "IBKR."


 


The key objective of this role is to assist the Compliance Officer in order:


 



  • To ensure adherence to market conduct (MAR and related ESMA regulations) to ensure that IBUK is not used for the purposes of market related financial crime;

  • To ensure that IBUK complies with its best execution obligations;

  • To ensure that EEA market rules (e.g. position reporting are implemented);

  • To ensure that IBUK complies with its AML obligations by assisting the Money Laundering Reporting Officer ("MLRO") under UK and international laws and regulations pertaining to prevention of money laundering, through adequate policies, procedures and surveillance.


 

Responsibilities


  • Carrying out market surveillance and monitoring for transactions on EEA markets, including OTC and any product(s) that IB offers;

  • Assisting with the design and development of relevant market surveillance reports;

  • Assisting with the design and development of relevant market reporting;

  • Carrying out  best  execution  monitoring  on  EEA  markets,  OTC  and  other  IB products and following up on any remedial action;

  • Assisting with the design and development of relevant best execution surveillance reports;

  • Carrying out AML Monitoring for IBUK and IBUKL accounts and following up on any remedial action;

  • Assisting with the design and development of relevant AML reports;

  • Assisting the MLRO in the oversight of all aspects of the firm's AML activities covered in the FCA Sourcebook, JMLSG guidelines, and UK AML and anti­ terrorist legislation;

  • Carrying out new account reviews, approvals and amendment and conununicating with clients regarding AML requirements e. identity documents, financial information, products etc.);

  • Supporting and  coordinating  the  detection  and  mitigation  of potential  money laundering risk;

  • Assisting with written responses to AML and market abuse enquiries from the FCA and law enforcement agencies;

  • Generally assisting with automating and deploying technology to mitigate ML risk;

  • Assisting in the production of the Annual AML Report for Senior Management;

  • Assisting in the training  of relevant  staff to ensure continuing  competence  in accordance with the FCA regulations;

  • Keeping up to date with changes in market regulations, FCA conduct and AML laws and regulations; and

  • Keeping up to date with EU and with international developments in relevant areas of regulations and law.

Qualifications

Key Requirements:                



  • Bachelor's degree preferred: business, finance, accounting or technology-related preferred

  • Market surveillance, AML or related surveillance and compliance experience in investment firms (5+ years)

  • Brokerage, bank or securities industry experience (5+ years)

  • Knowledge of FCA market conduct rules and market regulations

  • Knowledge of FCA COBS rules regarding best execution

  • Knowledge of JMLSG, and FCA rules relating to AML

  • Securities industry qualifications preferable


 


Ideal Requirements:



  •  Must be a self-starter

  • Must have good analytical skills

  • Must have good oral and written communication skills

  • Must have a strong technical orientation and be comfortable with computers and technology as applied to surveillance and compliance

  • Must understand the nature and confidentiality of market abuse and AML related information

  • Must be able to work in a cordial, small-to-medium office environment


 


Benefits:


Competitive Health and Retirement Benefits 


Under Other Terms and Conditions:


Candidates are on a probationary period of three (3) months from the date of joining. Candidates must have a UK or EU passport or a qualifying work permit/residency to work in the United Kingdom.

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