Account Maintenance - IBroker Specialist

Interactive Brokers•Chicago, IL

16d•$70,000 - $90,000•Hybrid

About The Position

Interactive Brokers Group, Inc. is a global financial services company with a strong focus on financial innovation and client commitment. IBKR affiliates offer global electronic brokerage services for a wide range of financial instruments to clients worldwide. This role is part of the Introducing Broker (iBroker) Master Account Specialists team, responsible for processing and onboarding Introducing Broker clients. This position requires a strong understanding of KYC requirements, business acumen, and effective communication skills, acting as a key defense against external risk for the company.

Requirements

1-3 years experience
Bachelor Degree in finance, accounting, or economics
Understanding of BSA/AML, USA PATRIOT Act and OFAC principles
High degree of comfort and fluency with computers and technology and understanding of how technology is applied to business and regulatory problems
Knowledge/Experience in Capital Markets, AML, KYC or Compliance

Nice To Haves

ACAMS, CFE, CFCS, Series 7, or other FINRA licenses or certifications a plus
Knowledge/Understanding of end-to-end KYC process is a plus
Self-motivated and able to handle tasks with minimal supervision.
Superb analytical and problem-solving skills.
Excellent collaboration and communication (Verbal and written) skills.
Outstanding organizational and time management skills.

Responsibilities

Review and assess application documents provided by clients for KYC sufficiency
Collect documentation for compilation of the FINRA packet submission and review for accuracy
Assess a client’s application in a holistic manner to identify potential risk factors, including preliminary Google and negative news searches
Proactively work with members of the New Accounts, Compliance, Sales or other departments to streamline the application process and minimize onboarding time
Identify areas for improvement in current onboarding processes and proactively propose solutions
Guide the application through the approval process which includes Compliance, CAC, Legal and FINRA
Liaise between FINRA and IB on applying iBroker accounts to satisfy any questions that are raised during FINRA’s review of the applicant
Monitor the NA iBroker inbox and act when required
Submitting applicant packets into the FINRA gateway and cross-referencing the FINRA filing ID while clearing the FINRA task in CAST
Maintaining open and closed account movement in the FINRA gateway
Monitoring Queues 22, 295, 11
Collect weekly progress reports from other iBroker teams and compile into one report for senior management
Cross reference multiple databases ensuring that regulatory aspects of AML and KYC are completed prior account opening, if an EDD review is not triggered

Benefits

Competitive salary
Annual performance-based bonus
Stock grant
Retirement plan 401(k) with competitive company match
Excellent health and wellness benefits, including medical, dental, and vision benefits.
Company paid medical healthcare premium.
Wellness screenings and assessments, health coaches and counseling services through an Employee Assistance Program (EAP)
Daily company lunch allowance provided
Fully stocked kitchen with healthy options for breakfast and snack
Corporate events including team outings, dinners, volunteer activities and company sports teams
Education reimbursement and learning opportunities