AML Associate - Financial Intelligence Unit

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 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. 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. IBKR is a stimulating environment with a wide and varied global client base - individuals to complex institutions - and a broad product offering.

Interactive Brokers is an online broker offering trading access for experienced traders to products traded on many markets and exchanges worldwide. IBUK is part of a global group of financial services companies based in the U.S. with over $5 billion in capital and publicly traded under the symbol “IBKR.”  

Due to expansion, we recently relocated our office to a fantastic City of London tower on Fenchurch Street, where we operate a hybrid working model. You will be pleased to hear we offer lunch every day you are in the office from a selection of vendors.

 Job Description

• 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.

 Qualifications/Skills

• 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.

 Location

20 Fenchurch Street, London, EC3M 8AF

 Working hours

9 am – 6 pm, Monday – Friday

 Benefits

• Career support and development
• Salary commensurate with experience
• Performance-based discretionary cash bonus scheme
• Discretionary stock grant
• Group Life Assurance cover
• Group Income Protection
• Occupation pension scheme based on Gross earnings
• Hybrid working model
• Above statutory annual leave, increasing with service
• Daily company-paid lunch and healthy snack options throughout the day (when working from the office)
• Access to Private Medical Insurance, Dental Plan and/or Health Cash Plan (including dependants) *
• Corporate events
• Travel season ticket loans*
• Cycle to work scheme*

*on successful completion of the probation period