Sanctions Operations Manager

About INTERACTIVE BROKERS!

This is a hybrid role (three days in the office/two days remote).

Interactive Brokers Group has been consistently at the forefront of trading innovation, starting with the invention of the first floor-based handheld computer in 1983. We pride ourselves on being primarily a technology company and challenging the status quo. We push boundaries to offer our clients the best trading platform with the most sophisticated features at the lowest cost. Interactive Brokers is regularly recognized as a leader in the financial services industry.

About Your Team:

Interactive Brokers is looking to hire a Sanctions Operations Manager at the Chicago Office. This is a management position with room for growth for highly motivated and exceptional performers. The Sanctions Operations Manager will report to the Global Head of Sanctions and help ensure the firm complies with relevant sanctions laws and regulations.

What Will Be Your Responsibilities Within IBKR: 

• Monitor Sanctions alert queues and manage team assignments based on daily workload, ensuring all Sanctions Operations work items are completed timely.
• Develop robust KRI and KPI reporting for sanctions alert review, such as alert aging, total items work per analyst, time to review each alert, and outcome distribution.
• Review and respond to complex sanctions escalations, escalating matters to the Global Head of Sanctions as needed.
• Reply to client inquiries and responses related to Sanctions outreach.
• Review accounts restricted for sanctions compliance reasons to determine if restrictions can be lifted or further escalation is required.
• Identify and support technology enhancements to screening tools and workflow.
• Develop procedures and job aids to support the Sanctions Operations processes.
• Propose and implement new Sanctions controls when regulations are released or updated.
• Keep current with all applicable US sanctions against individuals, entities, countries and securities products.

Which Skills Are Required:

• Five years of experience in sanctions/AML/fraud/financial crimes compliance, preferably at a large broker or other financial institution with an international client base. Direct sanctions compliance experience is preferred.
• Previous operations/investigations team management experience is preferred.
• A high degree of comfort with technology and a functional understanding of how technology can be applied to business and regulatory solutions.
• Ability to proactively manage the operations of a team of 5-10 analysts.
• Microsoft Excel proficiency is required.
• Outstanding leadership, operational, communication, analytical, time management and project management skills.
• Solid academic background. Bachelor’s degree or commensurate military experience.
• Ability to propose and implement compliance solutions that satisfy relevant regulations while executing sound business judgment.
• Willingness and ability to obtain financial registration exams promptly
• Certified Anti-Money Laundering Specialist (CAMS), Certified Global Sanctions Specialist (CGSS), CSS or similar certification, including Series 7 or 24, is highly preferred.

• Competitive salary, annual performance-based bonus and stock grant
• Retirement plan 401(k) with competitive company match
• Excellent health and welfare benefits, including medical, dental, and vision benefits
• 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

Interactive Brokers LLC, a subsidiary of Interactive Brokers Group, Inc. (Ticker: IBKR) is a direct access electronic broker serving professionals, frequent traders, institutional investors, financial advisors and introducing brokers. Our clients have access to more than 150 market centers around the world from a single integrated account. Our employees are part of a dynamic, multi-national, fast-paced, results-oriented team that has spent four decades focused on advanced technology and automation that equips our clients with a uniquely sophisticated platform to manage their investment portfolios. We provide our clients with advantageous execution prices, risk and portfolio management tools, research facilities and investment products, at low or no cost, positioning them to achieve superior returns.

Headquartered in Greenwich, CT, USA. IBKR has offices in more than 15 countries across the world.

IBKR is a member of NYSE, FINRA, and SIPC. Interactive Brokers Group brokerage affiliates are regulated by securities and commodities agencies around the world.

Click the link to view a short video with a few words from current Interactive Brokers employees: https://www.interactivebrokers.com/en/index.php?f=31899