• Head of Trade Surveillance

    Job Locations LU
    ID
    1888
    Department
    Compliance
  • Job Description and Responsibilities

    We are looking for a Head of Trade Surveillance for our new European entity headquartered in Luxembourg. This officer will be responsible for overseeing Interactive Brokers’ surveillance of the European trading activity of the firm’s customers to identify potential breaches of market conduct rules (i.e., the MAR and related ESMA regulations) or market related financial crime.

     

    Responsibilities:

    • Oversee the firm’s trade surveillance efforts;
    • Work with IB’s Trade Surveillance teams to calibrate and implement customer due diligence procedures;
    • Update policies as needed to reflect changes in applicable laws;
    • Assist the firm’s in-house counsel in responding to regulatory or enforcement inquiries regarding surveillance policies or issues;
    • Help craft written instructions for programmers and technology staff to comply with applicable trade surveillance guidelines and rules;
    • Draft and implement firm policies and written supervisory procedures;
    • Develop and implement remedial action plans in response to internal and external audit findings.
    • Keep up to date with changes in market conduct regulations and other relevant areas of law and regulations

    Qualifications

    • At least 3-5 year’s experience in trade surveillance compliance, preferably at a large broker or other financial institution with a European customer base or an EU regulator;
    • Strong background in customer trading surveillance preferred;
    • Solid academic background;
    • Solid knowledge of EU market conduct rules and market regulations;
    • High degree of comfort and fluency with computers and technology, and understanding of how technology is applied to business and regulatory problems;
    • Outstanding oral and written communication skills;
    • Ability to develop compliance solutions that satisfy relevant regulations while executing sound business judgment;
    • Ability to work in a small-team environment and to work independently and to multi-task with minimal supervision.

    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 online broker in Luxembourg.

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