Financial Controller, Interactive Brokers
Annual performance-based bonus and stock grant available
More information about location
Online broker
Job no longer available
Online broker
1001+ employees
Job no longer available
Annual performance-based bonus and stock grant available
More information about location
1001+ employees
Company mission
To create technology to provide liquidity on better terms.
Role
Who you are
- The ideal candidate will combine financial and clearing expertise with a proactive approach to navigating the evolving derivatives market landscape
- Bachelor's Degree, preferably in Finance, Economics or other Business-related discipline
- Leadership experience with the ability to manage teams and collaborate with diverse stakeholders
- Strong analytical and problem-solving skills, with attention to detail and a proactive approach to business challenges
- Minimum 5 years experience, preferably in banking, clearing, or brokerage services
- Proficiency with cash management activities:
- Bank transfers (wire, RTP),
- Optimizing investment returns (via Government Securities, Repos, Money Market Funds),
- Liquidity Management
- Proficiency with financial reporting activities:
- Maintenance of books & records,
- Managing receivables & payables,
- Preparation of budgets
- Understanding of basic risk management concepts
- Basic familiarity with CFTC regulations relating to DCOs, DCMs and FCMs
- Able to assist in drafting technical specifications for the development of clearing & financial reporting applications
- Excellent communication skills, with the ability to professionally interact with FCMs, Banking Partners, and other similar partners
What the job involves
- We seek an experienced Financial Controller to lead finance and clearing initiatives. This leadership role involves assisting the CEO in ensuring adherence to CFTC regulations, managing operational and financial risks, interacting with CFTC regulators when necessary, and improving current and future processes via automation initiatives
- Serve as the primary point of contact for finance matters, including interactions with Banks, FCMs and related third-party vendors and partners
- Develop, implement, and maintain comprehensive policies, procedures, and workflows to ensure adherence to all applicable laws and regulations, including client fund segregation rules
- Oversee financial audits and examinations relating to both the Exchange and Clearing operations and ensure timely and accurate reporting submissions
- Establish and enforce internal policies and procedures to mitigate financial risks
- Stay updated on financial regulations changes and industry best practices, advising leadership on necessary adjustments
- Identify, assess, and manage financial risks associated with existing and new products
- Ensure the company fully complies with all CFTC regulations and all other applicable laws and regulations across all finance and clearing-related operations and activities
- Oversee all systems interfacing with existing banking relationships
- Grow additional Banking relationships as necessary
- Reconciliation of all internal and external accounts, ensuring proper segregation of funds as prescribed by CFTC rules
- Monitor relevant banking and finance systems for real-time errors
- Partner with cross-functional teams, including product development, legal, operations, and technology, to ensure seamless finance integration across all business areas
- Provide regular updates to executive leadership and the board on finance activities, risks, and strategies
- Represent the company in industry forums and exchange-related finance discussions
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
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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