Money Laundering Reporting Officer, Interactive Brokers
3 days a week in office (North Wall Quay, Dublin)
Online broker
Posted today
Online broker
1001+ employees
Posted today
3 days a week in office (North Wall Quay, Dublin)
1001+ employees
Company mission
To create technology to provide liquidity on better terms.
Role
Who you are
- At least 10 years experience in a similar AML position as Head of AML or MRLO, preferably at a large broker or other financial institution with a European client base or an EU regulator
- A Bachelor’s degree in law, business, finance, or accounting preferred
- Ideally be a PCF-12, or PCF-52 Holder
- Strong knowledge of the 4th and 5th Money Laundering Directive, EU sanction regimes and, preferably, the regulations of the CBI
- Experience with open-source intelligence gathering, payment systems, and money laundering red flags, particularly in the capital markets
- Strong analytical skills, able to manipulate data, produce MI, and prepare reports
- Excellent oral and written communication skills
- High degree of comfort with computers and technology and understanding of how technology is applied to business and regulatory problems
- Management or supervisory experience preferred
- Ability to develop compliance solutions that satisfy relevant regulations while executing sound business judgment
What the job involves
- Interactive Brokers Ireland Limited (“IBIE”) seeks an experienced financial crime professional to serve as Head of AML and MRLO of our Dublin entity, reporting to the European Head of Compliance. This person will drive and lead a dynamic technology-driven AML compliance function at both a local and European level
- This person will be pivotal in ensuring the firm’s compliance with the Criminal Justice Act, European AML Directives, and enterprise-wide policies
- This will require an ambitious candidate with demonstrated ability to work effectively with various stakeholders across each line of defence, strong project management experience, and deep financial crimes subject matter expertise
- This officer will oversee our Dublin affiliates’ AML program, including KYC and Enhanced Due Diligence (EDD) requirements, Training, Policies and Procedures, AML Surveillance, Investigations and a process for filing suspicious activity reports
- The Head of AML / MLRO will execute strategic risk-based decisions that aim to ensure the AML compliance programme meets regulatory requirements and IB’s evolving business strategy
- Take ownership of overseeing our Pan-European Heads of Functions (Head of EDD, Sanctions, Transaction Monitoring, Governance, and Quality Assurance) to fully integrate MLRO decisions into the operational control environment efficiently
- Point of contact for engagement with internal and external partners such as Model Governance, Audit, the Central Bank of Ireland, Revenue, and Law Enforcement
- Ability to anticipate and evaluate potential fraud and financial crime risks strategically (including organizational structures, business processes, product design, delivery channels, third-party system providers etc.)
- Develop and oversee initiatives that translate new legislation and emerging financial crime typologies into clear business-focused processes
- Direct initiatives aimed at enhancing the AML compliance programme on an ongoing basis
- Prevent and Identify operational issues, design corrective-action plans, and present solutions that balance risk mitigation with business priorities
- Manage the strategic programme-development priorities driven by the business (i.e., a new product launch) to ensure all relevant stakeholders (including the board) have the requisite information for AML to identify and/or build the commensurate control environment
- Oversight and execution of the periodic EDD reviews on higher-risk clients
- Oversee the firm’s sanctions and bad actor screening procedures
- Draft and implement firm policies and written supervisory procedures related to AML issues, updating them as necessary to reflect changes in applicable laws
- Assist in responding to regulatory or enforcement inquiries regarding AML policies or issues
- Maintain and update the firm’s AML and KYC compliance training programs
- Evaluate new business lines for potential AML risks
- Help craft written instructions for programmers and technology staff to comply with applicable AML guidelines and rules
- Develop and implement remedial action plans in response to internal and external audit findings
- Manage a large and expanding Pan-European team of approx. 20
Our take
Interactive Brokers is an automated electronic broker, empowers users to analyse global stock markets, manage portfolios, and explore diverse investment assets. With a history spanning over 45 years, the company has thrived by adapting to evolving digital trading trends. Its comprehensive suite of services includes analytical tools, asset marketplaces, and seamless third-party integration, enhancing portfolio management capabilities.
Boasting over $11.6 billion in equity capital, Interactive Brokers remains at the forefront of industry innovation. The company has embraced the rising popularity of cryptocurrency, offering customers access to crypto trading through a partnership with Paxos Trust Company. This proactive approach reaffirms Interactive Brokers' position as a forward-thinking player in the ever-changing trading landscape.
Recently, Interactive Brokers expanded its trading hours for U.S. Treasury bonds to 22 hours a day, allowing global clients to trade during their local hours and quickly respond to market news. This extension reflects the company's commitment to flexibility and comprehensive service, meeting the diverse needs of clients in over 200 countries and territories.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
8% employee growth in 12 months
Company
Company benefits
- Retirement plan 401(k) with a competitive company match
- Excellent health and wellness benefits, including medical, dental, and vision benefits and company-paid medical healthcare premium
- Wellness screenings and assessments, health coaches and counseling services through an Employee Assistance Program (EAP)
- Paid time off and a generous parental leave policy
- Daily company lunch allowance provided, and a fully stocked kitchen with healthy options for breakfast and snack
- Corporate events, including team outings, dinners, volunteer activities and company sports teams
- Education reimbursement and learning opportunities
- Modern offices with multi-monitor setups
Company HQ
Greenwich, CT
Articles
Leadership
Thomas Peterffy
(Chairman)Former computer programmer and architectural draftsman. They played a role in developing the first electronic trading platform for securities at the American Stock Exchange.
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