AML Associate, Interactive Brokers
Financial Intelligence Unit
+ Performance-based discretionary cash bonus scheme + Discretionary stock grant
1-5 days a week in office (Fenchurch Street, London)
Online broker
Open for applications
Online broker
1001+ employees
Open for applications
+ Performance-based discretionary cash bonus scheme + Discretionary stock grant
1-5 days a week in office (Fenchurch Street, London)
1001+ employees
Company mission
To create technology to provide liquidity on better terms.
Role
Who you are
- The role provides an excellent opportunity for someone with AML experience to join a dynamic and expanding Compliance department at a Group that has invested significant resources in its AML programme over the past few years
- A Bachelor’s degree in law, business, or finance is preferred, and AML ICA, ACAMS, or similar certification or accreditation is a plus
- Knowledge of POCA, JMLSG, EU Money Laundering Directives, Sanctions regulations, and the key FCA principles for businesses
- Strong analytical skills, with the ability to manipulate data, produce MI, and write reports
- Excellent oral and written communication skills
- Must have the ability to work and thrive in a fast-paced, medium-sized office environment
What the job involves
- Interactive Brokers (U.K. ) Ltd. (“IBUK”) is seeking an AML Associate to join the Financial Intelligence Unit (“FIU”) of our rapidly growing company
- The key responsibilities of the AML Associate role are reviewing red flags, investigating complex ML/TF/Sanctions cases and taking adequate action, including regulatory reporting
- The position reports to the European Head of AML Investigations and is based in our London office
- The successful candidate will join IBKR at a time when the Group is supporting the development of synergies and coordination across its new European operating entities
- Assist with the end-to-end investigations lifecycle of complex European investigations – assess investigation triggers, place and remove restrictions, and manage investigations, SAR/STR submissions across different European jurisdictions, and off-boarding
- Conduct forensic reviews of cashiering data to detect and address suspicious transactions, patterns and activity
- Conduct investigations with broad cross-jurisdictional aspects using publicly available sources and in-house tools to identify adverse media, connections and other information required to build client profiles
- Make recommendations on filing required or voluntary SARs/STRs across different European jurisdictions, as well as on further required actions, including whether exiting or retaining client relationships
- Become proficient with the firm’s case management tool, IBKR360, to ensure all monitoring and reporting activities are effectively documented in compliance with internal standards and regulatory expectations
- Document the concise and consistent risk-based rationale for alert/investigation conclusions in line with internal and regulatory requirements
- Perform work within the established timeframes and meet standards for Quality Assurance and Key Performance Indicator benchmarks
- Assist in responding to queries/addressing escalations received from the 1LOD across different European jurisdictions
- Assist in developing and implementing work paper templates, documentation standards, and knowledge-sharing processes across regional teams
- Where required, assist management in responding to external requests for information from LE activities across Europe. Action court orders and manage liaisons with regulatory, enforcement, or judiciary bodies
- Communicate and collaborate with regional partners and business stakeholders to enable the effective exchange of information needed to facilitate a consistent risk-based approach across IBKR’s multiple markets and operating entities
- Carry out any other ad-hoc tasks or additional AML responsibility at the request of the MLRO(s)/Deputy MLRO(s)/European Head of AML Investigations
Salary benchmarks
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
Some candidates hear
back within 2 weeks
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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