Compliance Associate

Interactive Brokers (U.K.) Ltd, part of IBKR global financial brokerage services, are on the lookout for a highly organised skilled Compliance Associate. If you have great analytical skills / good working knowledge of MIFID II then apply today!

As a Compliance Associate you will be an integral part of Compliance team and will assist with Compliance responsibilities in market conduct and consumer protection space. You will deliver periodic independent testing and monitoring of operations for adherence to compliance policies and procedures and regulatory requirements while assessing the adequacy and effectiveness of compliance controls.  

The successful candidate will be able to learn and apply business intelligence gathering and reporting skills in a fast paced and complex operating environment.  This role is an opportunity for both Compliance professionals and candidates who have transferable skills of executing a process audit, testing and monitoring work.

This role will work closely with other General Compliance team members on the Pan-European level, divisional compliance teams and other subject matter experts and stakeholders – and excellent opportunity for your personal and professional development. This role will report to the Senior Compliance Officer.

We currently operate a hybrid working model at IBKR, and so you will be able to commute to our fantastic central London office (a stone’s throw from Liverpool Street station) 3 days per week, where you will be pleased to hear we offer lunch every day you are in the office from a selection of vendors.

Responsibilities:

• Assist with the design, planning and execution of the firm’s periodic compliance risk assessment.
• Execute and assist in optimisation of the firm’s monitoring and testing program in accordance with industry standards and expectations of management, auditors, and the Financial Conduct Authority (“FCA”), covering all regulatory risk overseen by General Compliance notably including Product Governance, PRIIPS, Client Appropriateness, Categorisation, Conflicts of Interest, Financial Promotions, upcoming Consumer Duty and other conduct related matters under MIFID II/FCA Handbook.
• Design queries, testing sheets and conduct analysis of processes’ compliance to measure and provide clear observations of the risk factors and controls.
• Effectively and clearly organise and document information arising from the execution of the monitoring and testing programme targeted at different stakeholders; and identify changes and enhancements to the programme as required.
• Assist with the maintenance of Compliance Policies and Procedures framework, ensuring all artefacts are updated on a regular basis.
• Assist with thematic reviews of IBUK’s different business compliance areas.
• 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.

Key skills, Experience and Behaviours:

• Bachelor’s degree or equivalent.
• Solid experience (ideally 2 years +) as a business analyst, audit, compliance, risk, or other professional, with relevant experience in conducting system or programme testing and/or thematic reviews.
• Knowledge of the applicable regulatory framework, including Conduct Risk, Consumer Duty, COBS, DISP, SYSC, PROD and other relevant FCA sourcebooks / guidance is a plus.
• Excellent communication and written skills, particularly the ability to interpret and transform information into effective and clear language aimed at target audience.
• Significant interpersonal skills and the ability to communicate effectively with the key stakeholders inside and outside of the firm 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.
• Ability to work independently and manage multiple, deadline-driven priorities in the fast-paced work environment with strong attention to detail.
• Outstanding analytical, problem solving, organisation and follow-up skills.
• Ability to work under pressure, formulate and articulate solutions and defend assumptions.
• Excellent time management skills combined with the ability to work on your own initiative and exercise judgement with discretion.
• Versatile as the needs and demands of the team evolve.

Location:

Heron Tower, 110 Bishopsgate, London, EC2N 5AY

9am – 6pm, 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*
• Corporate events
• Travel season ticket loans
• Cycle to work scheme

*on successful completion of the probation period