MLRO - Money Laundering Reporting Officer
Dublin, Ireland
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. 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.
Head of AML
Office Location - North Dock One, 91/92 North Wall Quay, Dublin, D01 H7V7
Interactive Brokers Ireland Limited (IBIE) is part of the globally recognised entity - Interactive Brokers Group (IBKR), a dynamically growing, leading global brokerage firm with offices worldwide.
Interactive Brokers Ireland Limited (“IBIE”) seeks an experienced financial crime professional to serve as Head of AML and MRLO of our Dublin entity, reporting to the European Head of Compliance. This person will drive and lead a dynamic technology-driven AML compliance function at both a local and European level, ensuring compliance with the Criminal Justice Act, European AML Directives, and enterprise-wide policies.
Job Description:
This officer will oversee our Dublin affiliates’ AML program, including KYC and Enhanced Due Diligence (EDD) requirements, Training, Policies and Procedures, AML Surveillance, Investigations and a process for filing suspicious activity reports.
Your Responsibilities:
* Execute strategic risk-based decisions that ensure the AML compliance programme meets regulatory requirements and IB’s evolving business strategy.
* Oversee our Pan-European Heads of Functions (Head of EDD, Sanctions, Transaction Monitoring, Governance, and Quality Assurance) to integrate MLRO decisions into the operational control environment.
* Engage with internal and external partners such as Model Governance, Audit, the Central Bank of Ireland, Revenue, and Law Enforcement.
* Anticipate and evaluate potential fraud and financial crime risks strategically.
* Develop and oversee initiatives that translate new legislation and emerging financial crime typologies into clear business-focused processes.
* Direct initiatives aimed at enhancing the AML compliance programme on an ongoing basis.
* Prevent and identify operational issues, design corrective-action plans, and present solutions that balance risk mitigation with business priorities.
* Manage strategic programme-development priorities driven by the business to ensure stakeholders have requisite information for AML compliance.
* Oversee the periodic EDD reviews on higher-risk clients.
* Oversee the firm’s sanctions and bad actor screening procedures.
* Draft and implement firm policies and written supervisory procedures related to AML issues.
* Assist in responding to regulatory or enforcement inquiries regarding AML policies or issues.
* Maintain and update the firm’s AML and KYC compliance training programs.
* Evaluate new business lines for potential AML risks.
* Help craft written instructions for programmers and technology staff to comply with applicable AML guidelines and rules.
* Develop and implement remedial action plans in response to internal and external audit findings.
* Manage a large and expanding Pan-European team of approx. 20.
Your Qualifications:
* At least 10 years experience in a similar AML position as Head of AML or MRLO, preferably at a large broker or other financial institution with a European client base or an EU regulator.
* A Bachelor’s degree in law, business, finance, or accounting preferred.
* Ideally be a PCF-12, or PCF-52 Holder.
* Strong knowledge of the 4th and 5th Money Laundering Directive, EU sanction regimes, and preferably, the regulations of the CBI.
* Experience with open-source intelligence gathering, payment systems, and money laundering red flags, particularly in the capital markets.
* Strong analytical skills, able to manipulate data, produce MI, and prepare reports.
* Excellent oral and written communication skills.
* High degree of comfort with computers and technology and understanding of how technology is applied to business and regulatory problems.
* Management or supervisory experience preferred.
* Ability to develop compliance solutions that satisfy relevant regulations while executing sound business judgment.
This role is Hybrid – 3 days in the Office per week.
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