Job Description and Responsibilities
Interactive Brokers is looking for an AML Associate for its new European entity headquartered in Luxembourg. This Associate will review and analyze customer activity to ensure it is in line with the EU 4th Money Laundering Directive, anti-terrorist financing, sanctions, and industry anti-money laundering laws and regulations.
The Associate will also help conduct due diligence on complex or potentially high risk applications by potential customers.
Conducting surveillance of cashiering transfers and other fund movements for indications of potential money laundering activity;
Conducting enhanced due diligence on potential and existing IB customers;
Work with the New Accounts group to conduct KYC on complex or high risk accounts;
Assisting with the on-going design and development of reports and systems to help identify money-laundering or suspicious cashiering or transactions;
Assisting with written responses to inquiries from the CSSF, other European regulators or exchanges regarding IB customers; and
Keeping up to date with changes in anti-terrorist financing, sanctions, and industry anti-money laundering laws and regulations.
Prior experience in AML compliance, preferably at a large broker or other financial institution with a European customer base or an EU regulator;
Familiarity with the EU 4th Money Laundering Directive strongly preferred;
Solid academic background;
Comfort with computers and technology, and understanding of how technology is applied to business and regulatory problems;
Outstanding oral and written communication skills;
Ability to work in a small-team environment and to work independently and to multi-task with minimal supervision.