Financial Crime – Monitoring and Surveillance Associate

UK-London
ID
2017-1545
Department
Compliance

Overview

Interactive Brokers UK (“IBUK”) is a rapidly growing direct-access electronic trade execution and clearing broker for active traders, institutional investors, financial advisors and introducing brokers. It is increasing its client base, introducing new products and connecting to new markets. The firm is authorized and regulated by the FCA.

IBUK is a subsidiary of the large international financial services group, Interactive Brokers Group, Inc.(NASDAQ: IBLR), based in Greenwich, Connecticut USA. The Group employs over 1,000 people worldwide and provides electronic brokerage services to more than 450,000 customers in trading securities, commodities and foreign exchange in 23 currencies on 100+ market centers across 26 countries around the world. By building and operating highly automated systems in all aspects of its business the Group seeks to deliver these services at the lowest possible cost to its clients.

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 reduce the risk of IBUK being 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.

Responsibilities

  • Carrying out trade surveillance and monitoring for transactions on EEA markets, including OTC and any product(s) that IB offers;
  • Assisting with the on-going design and development of relevant market surveillance reports;
  • Assisting with the design and development of trade reporting;
  • Carrying out best execution monitoring on EEA markets, OTC and other IB products and following up on any remedial action;
  • Assisting with the on-going design and development of relevant best execution surveillance reports;
  • Assisting with written responses market abuse enquiries from the FCA and other national regulatory bodies;
  • Supporting and coordinating the detection and mitigation of potential money laundering risk;
  • 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 conduct regulations, FCA conduct of business and SYSC regulations; and
  • Keeping up to date with EU and with international developments in relevant areas of regulations and law.

Qualifications

Essential:

  • 4 years experience in brokerage, bank or securities industry
  • 3 years market surveillance, or related surveillance and compliance experience in investment firms
  • Bachelor's degree business, finance, accounting or technology-related preferred
  • Knowledge of FCA market conduct rules and market regulations
  • Knowledge of FCA COBS rules regarding best execution etc.
  • Securities industry qualifications preferable

Desirable:

  • Understand the nature and confidentiality of market abuse and AML related information
  • Have good analytical skills
  • Have good oral and written communication skills
  • Be a self-starter
  • Have a strong technical orientation and be comfortable with computers and technology as applied to surveillance and compliance
  • Be able to work in a cordial, small-to-medium office environment

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