Compliance Monitoring Manager, Interactive Brokers
3 days a week in office (Fenchurch Street, London)
Online broker
Open for applications
Online broker
1001+ employees
Open for applications
3 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
- Bachelor’s degree or equivalent
- Prior 3+ years’ experience in regulatory compliance, audit or risk function in an investment or platform-based environment, ideally within areas of General Compliance or Investment Compliance
- Knowledge of the applicable regulatory framework, including Conduct Risk, Consumer Duty, COBS, PERG, SYSC, PROD and other relevant FCA sourcebooks
- Outstanding analytical, problem-solving, organisation and follow-up skills
- An analytical mind and able to recognise and pinpoint the complexities of procedures and regulations but then simplify these for others
- A pragmatic, commercial and creative approach to problem solving and decision-making
- A team player with great people skills who can effectively collaborate with colleagues throughout the business to build strong relationships and achieve results
- High degree of comfort with technology and a functional understanding of how technology can be applied to business and regulatory solutions (strong Excel skills are a must)
- Ability to work independently (exercising judgement with discretion) and manage multiple, deadline-driven priorities with strong attention to detail in a fast-paced work environment
- Ability to work under pressure, formulate and articulate solutions and defend assumptions
- Versatile as the needs and demands of the team evolve
What the job involves
- You will join a dedicated regulatory team in the Compliance department, which looks after multiple aspects of internal, market conduct, and consumer protection Compliance, including any associated second-line controls, and manages advisory and regulatory change projects
- Your particular focus will be to design and maintain testing and monitoring programmes for each relevant regulatory area (financial promotions, product governance or others depending on your experience)
- In a dynamic and complex environment with growing regulatory challenges and product and process innovations, your role will require addressing regulatory change by identifying required systems and controls adaptations
- Your responsibilities are separate from anti-money laundering (AML) related tasks, as a different monitoring plan covers these
- In your role, you will work with other General Compliance team members at the Pan-European level, other Compliance teams and other subject matter experts and stakeholders, providing an excellent opportunity for personal and professional development
- This role will report to the Senior Compliance Officer heading the General Compliance team
- Drive compliance oversight through the testing and monitoring programme, identify areas for enhancements of systems and controls operated by the firm, and support the implementation of required changes
- Execute all testing and monitoring activities in a timely and thorough manner in accordance with industry standards and expectations of management, auditors, and the FCA, covering all regulatory risk overseen by general compliance, notably including Product Governance, PRIIPS, Client Appropriateness, Categorisation, Product Restrictions, Financial Promotions, Consumer Duty and other conduct related matters under MiFID II/FCA Handbook
- Liaise with control owners to discuss and agree on any remedial actions emerging from the testing and monitoring activities and follow through to ensure agreed action plans are met in a timely and accurate manner
- Report on outcomes and conclusions of testing and monitoring and ancillary activities, including the remediation of any gap identified
- Effectively organise and document information arising from the execution of the monitoring and testing programme targeted at different stakeholders. Maintain records of all remediations following assurance work
- Prepare management presentations and communication on regulatory developments and Compliance Monitoring Framework
- Create, maintain, and implement compliance-related policies; conduct internal compliance reviews, and perform legislative and regulatory gap analysis, ensuring all artefacts are updated regularly
- Assist the Compliance department with its advisory role in the business by conducting research, processing requests and queries
- Manage FCA’s and European product governance regulatory requirements, including regulatory compliance advise in periodic reviews of regulatory change impact
- Monitor changes to the business and areas of regulatory change and work with colleagues to assess the impact on the compliance testing and monitoring plan and the business
- Support others in the General Compliance team as required
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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