MLRO - Money Laundering Reporting Officer

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.

It is a leading trading solution for traders, investors, and advisors and provides direct global access to forex, funds, stocks, bonds, and currencies from a single IBKR Integrated Investment account. Our mission is to create technology to provide liquidity on better terms. Compete on price, speed, size, diversity of global products and advanced trading tools. Interactive Brokers LLC is a member of NYSE, FINRA, and SIPC. For more information, visit: ibkr.com. With a staff of 2,900 worldwide, Interactive Brokers serves over one million client accounts in more than 220 countries and territories. 

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. This person will be pivotal in ensuring the firm’s compliance with the Criminal Justice Act, European AML Directives, and enterprise-wide policies. This will require an ambitious candidate with demonstrated ability to work effectively with various stakeholders across each line of defence, strong project management experience, and deep financial crimes subject matter expertise.  

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:

• The Head of AML / MLRO will execute strategic risk-based decisions that aim to ensure the AML compliance programme meets regulatory requirements and IB’s evolving business strategy.
• Take ownership of overseeing our Pan-European Heads of Functions (Head of EDD, Sanctions, Transaction Monitoring, Governance, and Quality Assurance) to fully integrate MLRO decisions into the operational control environment efficiently.
• Point of contact for engagement with internal and external partners such as Model Governance, Audit, the Central Bank of Ireland, Revenue, and Law Enforcement.
• Ability to anticipate and evaluate potential fraud and financial crime risks strategically (including organizational structures, business processes, product design, delivery channels, third-party system providers etc.)
• 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 the strategic programme-development priorities driven by the business (i.e., a new product launch) to ensure all relevant stakeholders (including the board) have the requisite information for AML to identify and/or build the commensurate control environment.
• Oversight and execution of 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, updating them as necessary to reflect changes in applicable laws.
• 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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