Compliance / AML Associate

UK-London
ID
2017-1546
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., based in Greenwich, Connecticut USA (NASDAQ: IBKR). The Group employs over 1,000 people worldwide and provides electronic brokerage services to more than 400,000 customers in trading securities, commodities and foreign exchange in 24 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 the Compliance/AML Associate role is to ensure that IBUK is in compliance with the rules and regulations of regulatory agencies, that company policies and procedures are being followed and that appropriate controls and surveillance are taking place.   

The successful candidate will participate in the review of KYC/Client Onboarding. The candidate will face the company’s onboarding team as well as the sales and client services teams, and provide guidance and feedback to ensure expedient compliance account processing. The Compliance/KYC Associate will also be expected to provide a proactive approach to solving compliance and legal issues. The role will ultimately answer to the MLRO. This position is based in our London office.

Responsibilities

  • Assist with any queries relating to KYC processes to ensure adherence to internal procedures and industry best practice;
  • Interact with our onboarding team, etc. to obtain KYC and other compliance information and documentation on a case by case basis;
  • Suggest and implement new efficiencies in the on-boarding process;
  • Perform rolling due diligence especially with regard to PEPs, and other high risk accounts and AML-related reviews;
  • Assist in drafting, updating and monitoring the company’s policies and procedures for relevant business areas such as best execution, conflicts of interest, etc;
  • Gather information and prepare responses to enquiries from the FCA and/or other EEA regulatory bodies or law enforcement agencies;
  • Assist with transaction reporting and any other relevant reporting requirements;
  • Carry out any other ad-hoc tasks at the request of the Compliance Officer, etc.

Qualifications

  • Bachelor’s degree: business, finance, accounting or technology-related preferred;
  • Working knowledge of key FCA principles for businesses and/or financial services sector (brokerage, bank or securities industry) – prior experience preferred;
  • Good knowledge of KYC processes and understanding of the requirements for risk-based approach to on-boarding;
  • Strong analytical skills to use data/metrics for risk monitoring as well as good oral and written communication skills;
  • Ability to work flexible hours;
  • Must have ability to work in a pressurized medium-size office environment.

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