Enhanced Due Diligence Analyst

Position

Interactive Brokers is looking for EDD analysts to conduct enhanced due diligence reviews on existing higher-risk client accounts and who want to gain exposure to a business offering a wide range of products to a broad range of client types worldwide.

Responsibilities

• Operate as part of a team of AML professionals conducting Enhanced Due Diligence ("EDD") reviews on existing IBKR customers on a time cycle that is reflective of the client's risk rating;
• Through training and AML knowledge, ensure critical evaluation is conducted of information identified through public searches for negative news, source of funds/wealth, evidencing beneficial ownership, checks against customers and associated entities/persons in the Offshore Leaks Database; review of any past or pending regulatory enquiries related to client accounts; and review of cashiering activity, including deposits, withdrawals and wire transfers to identify suspicious activity is placed on file;
• Evaluate, resolve, or make recommendations on negative news and/or red flags or potential PEP matches escalated by the New Account Team(s);
• Support the Head of EDD by responding to questions, issues and escalations on all KYC/EDD programme aspects. This will require working closely and in a coordinated fashion with the AML, Trade Surveillance and Special Investigations Team(s);
• Work to achieve key performance indicators to ensure the EDD program meets key reporting requirements.
• Ensure adherence to the firm's KYC and EDD procedures to ensure a consistent approach to meeting local regulatory expectations and requirements, and implement IBKR's AML policies and procedures.
• In conjunction with Team Leaders, liaise with the 1LOD on new initiatives, products and services as well as other matters related to the risk assessment process, ensuring staff understand their accountability for compliance with all AML policies and procedures;
• Assist the Head of EDD by collating information/documentation for any visits by external auditors, regulatory, and government bodies as part of their assessment of IBKR's KYC/EDD programme when required.
• Ensure that AML policies and procedures relating to the 1LOD and linked to the Risk Assessment and Monitoring & Testing Teams activities remain current and that new versions have been produced, approved, and distributed for implementation to relevant parties.
• Develop ongoing communication with individuals who perform this role in other jurisdictions to leverage 'best practices' and inform on regulatory changes occurring in the EU and UK.

Qualifications, Skills & Attributes

Minimum qualifications:

• At least 2+ years' experience in AML compliance, preferably at a large broker or other financial institution with a European client base or an EU / UK regulator;
• A Bachelor's degree in law, business, finance, or accounting preferred, or Certified Anti-Money Laundering Specialist (CAMS) or similar ICA Diploma;
• Good knowledge of EU and UK regulations and European Directives in connection with KYC/EDD/CIP requirements;
• Good analytical skills, intermediate experience with MS Outlook, MS Word, and MS Excel, together with a strong attention to detail;
• Excellent oral and written communication skills;
• Self-motivated with the ability to work in a small team as well as independently
• Additional language skills are not required for the role, but intermediate, advanced, proficient, or native comprehension abilities in additional languages are an advantage.

Company Benefits & Perks