• Head of Financial Regulatory Compliance

    Job Locations LU
    ID
    1870
    Department
    Accounting/Finance
  • Job Description and Responsibilities

    We are seeking an experienced Head of Financial Regulatory Compliance for our new Luxembourg office. This is a senior position, responsible for the protection of client money and assets and for compliance with all financial regulatory rules, including reporting on regulatory capital, client money, safe custody assets and ownership of the ICAAP, ILAS, resolution pack and other required analytical submissions. In addition, this role will be responsible for ad-hoc financial analysis of the business and will interface with the local auditors and the centralized accounting group (at the Group’s headquarters).

    The position will require a highly organized and analytical thinker. The role reports locally to the head of the investment company and functionally to the Head of Financial Regulatory Compliance for Europe.  

     

    The successful candidate will be an expert in: 

    • Implementing the detailed governance requirements for the protection of client assets and money.
    • Meeting all local and European financial regulatory requirements, including the preparation of periodic returns to the regulator.
    • Accounting, with knowledge and experience in working with equities, foreign exchange and listed derivatives.

     Responsibilities:

    • Design, implementation and approval of controls over client assets and money in accordance with CSSF regulations. Developing and maintaining Internal Capital Adequacy Assessment Process.
    • Advising the Board of Directors of any relevant financial, regulatory and safe custody requirements.
    • Maintaining a good understanding of the regulations and of new developments, including rules and reporting arising from the CRR (EU 575/2013).
    • Daily review of reconciliations and computations for the protection of client assets.
    • Preparing and sending to the CSSF all required prudential and client asset related returns.
    • Developing and enhancing all procedures related to good financial controls.
    • Researching accounting and financial regulatory impact of new products and markets.
    • Creating functional business requirements for enhancements to existing financial, regulatory and operational systems.
    • Planning, coordinating and managing audits and regulatory examinations, including the financial audit.

    Qualifications

    • University degree.
    • Extensive regulatory experience with Client Money, Safe Custody Assets (per MiFID II) and COREP reporting under Luxembourg or UK rules.
    • Accounting experience at a financial services company.
    • Experience in the Luxembourg regulatory environment is a strong plus.
    • Must be a driven self-starter with strong analytical and communication skills, as this role requires both extensive global interaction and independent work.
    • Good understanding of technology and automation is a strong plus.
    • Fluent in English & French or German; and proficient in the use of MS Office applications.

    Company Overview

    Interactive Brokers Group, Inc. is a large and publicly traded international financial services company, based in Greenwich, Connecticut USA. We employ over 1,200 people in locations worldwide and provide electronic brokerage services to over 576,000 accounts held by customers in over 200 countries. By building and operating highly automated systems in all aspects of our business we seek to deliver these services at the lowest possible cost to our customers.

    Our customers are active traders, institutional investors, financial advisors and introducing brokers. We execute 807,000 trades daily on 120+ market centres around the world in securities, commodities and foreign exchange trades.

    The Group’s consolidated capital is USD 6.7 billion (EUR 5.8 billion), and customer equity amounts to USD 142.5 billion (EUR 121 billion). For further information please visit https://investors.interactivebrokers.com/ir/main.php

    Due to the continued expansion of our business activities, we are establishing an investment firm in Luxembourg, which will service clients throughout Europe.

     

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