Onboarding & Compliance Specialist (Hybrid)

Interactive Brokers; Chicago (IL); Hybrid; USD 70,000 - 95,000; Full time

Benefits offered by this job

Competitive salary

Annual bonus

Stock grant

401(k) retirement plan

Health benefits

Wellness programs

Lunch stipend

Team events

Education reimbursement

Job summary

Interactive Brokers in the United States seeks an iBroker Master Account Specialist to manage KYC/AML onboarding, review FINRA submissions, and coordinate across Compliance, Legal, and Sales to expedite client onboarding.

You will assess applications for risk, liaise with FINRA, and drive improvements in the onboarding process while maintaining strict regulatory standards across the NA market.

Qualifications

• 1–3 years experience in KYC/AML or compliance.
• Understanding of BSA/AML, USA PATRIOT Act and OFAC principles.
• High degree of comfort with computers and applying technology to regulatory problems.
• ACAMS, CFE, CFCS, Series 7, or other FINRA licenses or certifications are a plus.

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.
• 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

Skills

KYC knowledge

AML knowledge

Regulatory compliance

FINRA knowledge

Tech proficiency

Communication skills

Education

Bachelor's degree in finance, accounting, or economics

Tools

FINRA licenses

Job description

Interactive Brokers in the United States seeks an iBroker Master Account Specialist to manage KYC/AML onboarding, review FINRA submissions, and coordinate across Compliance, Legal, and Sales to expedite client onboarding.

You will assess applications for risk, liaise with FINRA, and drive improvements in the onboarding process while maintaining strict regulatory standards across the NA market.