Enhanced Due Diligence Analyst

1 Month ago • 2 Years +

Job Summary

Job Description

The Enhanced Due Diligence (EDD) Analyst will conduct thorough reviews of existing high-risk client accounts. Responsibilities include evaluating information from public searches, source of funds, beneficial ownership, and regulatory inquiries. The analyst will also support the Head of EDD, ensuring adherence to KYC/EDD procedures and participating in the risk assessment process. The role involves working with AML, Trade Surveillance, and Special Investigations teams, contributing to key performance indicators, and collaborating with the First Line of Defense (1LOD) on new initiatives. The analyst will be part of a team of AML professionals conducting Enhanced Due Diligence ("EDD") reviews on existing IBKR customers.
Must have:
  • 2+ years of AML compliance experience.
  • Good knowledge of EU and UK KYC/EDD/CIP regulations.
  • Good analytical skills and proficiency with MS Office.
  • Excellent oral and written communication skills.

Job Details

Company Overview

Interactive Brokers Group, Inc. (Nasdaq: IBKR) is a global financial services company headquartered in Greenwich, CT, USA, with offices in over 15 countries. We have been at the forefront of financial innovation for over four decades, known for our cutting-edge technology and client commitment.

IBKR affiliates provide global electronic brokerage services around the clock on stocks, options, futures, currencies, bonds, and funds to clients in over 200 countries and territories. We serve individual investors and institutions, including financial advisors, hedge funds and introducing brokers. Our advanced technology, competitive pricing, and global market help our clients to make the most of their investments.

Barron's has recognized Interactive Brokers as the #1 online broker for six consecutive years. Join our dynamic, multi-national team and be a part of a company that simplifies and enhances financial opportunities using state-of-the-art technology.

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

  • Discretionary annual bonus (cash and stock)
  • Private healthcare insurance
  • Free recreational pass (AYCM XL package)
  • Daily food allowance in the office
  • Monthly BKK pass
  • Hybrid way of working (2 days home office/week)
  • Modern office in the heart of Budapest with free amenities
  • Great atmosphere with friendly and exceptional colleagues and frequent company outings

*The benefits package will be reviewed regularly and may be subject to change.

 

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About The Company

Interactive Brokers Group, Inc. (NASDAQ: "IBKR") is a direct access electronic broker catering to the needs of professional and frequent traders, institutional investors, financial advisers, and introducing brokers. For over 40 years, Interactive Brokers has been the pioneer of the electronic trading revolution. We rapidly scaled from a small U.S. options market-maker into a sizable global trading firm by leveraging the power of technology and automation. We are committed to delivering value through technological innovation and providing our clients with unprecedented access to global markets at the lowest cost.
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