Interactive Brokers (U.K.) Limited ("IBUK") is looking for a Head of Conduct and Governance for its Compliance department to assist the Chief Compliance Officer ("CCO") with the fulfilment of Compliance responsibilities concerning conduct of business, staff training, and overall management of the department's Compliance Risk Assessment and Compliance Testing and Monitoring Programme. The Head of Conduct and Governance will be an integral member of the Compliance Management Team, reporting directly to the CCO. This is a unique opportunity for an experienced Compliance professional to gain exposure to a wide range of governance and regulatory risk management requirements in a fast paced and complex operating environment.
Job Description & Responsibilities
Plan and execute the firm's periodic Compliance risk assessment and the firm's monitoring and testing program, in accordance with industry standards and expectations of management, auditors, and the Financial Conduct Authority ("FCA");
Identify and monitor new and emerging regulatory and conduct risks and impacts on the firm;
Liaise with business partners on new initiatives, products, and other matters, and consider their impacts on the Compliance risk assessment;
Maintain the Compliance and AML Policy and Procedures framework, ensuring all artefacts are updated on a regular basis;
Develop compliance solutions that satisfy relevant regulations, with a focus on consumer protection and conduct of business, including best execution, product governance, appropriateness, intermediary risk, inducements and disclosure requirements;
Design queries and conduct analysis of large data sets to measure risk factors and controls;
Support the CCO in the identification, analysis and implementation of regulatory change and coordinating the provision of guidance and advisory from Compliance;
Support the CCO in managing Compliance's responsibilities for relevant Committees, Board of Directors and other meetings, ensuring appropriate information is tabled in a timely manner, including compliance monitoring and testing results, breaches and other MIs, as required;
Assist the CCO in developing and maintaining a Compliance staff training programme;
Manage and develop a small team.
Qualification & Skills
5+ years of relevant Compliance experience, preferably at a large broker or other financial institution gained in either an Compliance, Risk or Audit function;
In-depth knowledge of regulatory framework of applicable regulation, including MiFID/R and key FCA Conduct of Business Requirements. Knowlege of Market Abuse, SMCR, EMIR, PRIIPS and SFTR is a plus;
Broad experience of assessing risks, developing policy, implementing systems and controls, drafting, procedures, devising and delivering training, and managing regulatory relations;
High degree of comfort with technology and a functional understanding of how technology can be applied to business and regulatory solutions;
Willing to take on additional responsibility, potentially including expansion of the role to cover other Compliance areas;
Outstanding communication, analytical, and project management skills;
Ability to work under pressure, formulate and articulate solutions and defend assumptions;
University degree or higher qualification.
Interactive Brokers (U.K.) Ltd., a subsidiary of publicly-traded Interactive Brokers Group, Inc., based in Greenwich, Connecticut (NASDAQ: IBKR) is a low-cost provider of trade execution and clearing services for active traders, institutional investors, financial advisors and introducing brokers. IBKR's premier technology provides electronic access to stocks, options, futures, forex, bonds, and funds worldwide from a single IBKR Integrated Investment account. IBKR is one of the largest online brokers by trade volume and is consistently ranked at the top of its field. Our employees are part of a dynamic, multinational, fast-paced, results-oriented team working to provide our customers with state-of-the-art trading technology, superior execution capabilities, worldwide electronic access, and sophisticated risk management tools. Our headquarters are in Greenwich, CT, USA. IBKR has offices in the United States, Canada, the United Kingdom, Switzerland, Hungary, Estonia, Russia, India, Hong Kong, China, Japan, Luxembourg, Australia and Singapore. Interactive Brokers (U.K.) Ltd., ("IBUK") in London is regulated by the Financial Conduct Authority (FSA). Click HERE to view a short video with a few words from current Interactive Brokers employees. For more information, please visit www.ibkr.com/info