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Full-Time

Head of Compliance Testing

Confirmed live in the last 24 hours

Interactive Brokers

Interactive Brokers

1,001-5,000 employees

Online trading platform with low commissions

Fintech
Financial Services

Senior, Expert

Greenwich, CT, USA

Category
Risk & Compliance
Legal & Compliance
Required Skills
Communications
Requirements
  • At least 5+ years of experience with the SEC, FINRA, CFTC, NFA, an exchange, an accounting firm or law firm with a focus on security or commodity regulations, a broker-dealer or an FCM. Experience in a compliance testing or audit role is strongly preferred.
  • Experience testing regulatory requirements related to markets and trading across various products, such as stocks, options, bonds, and futures.
  • High degree of comfort and fluency with computers and technology.
  • Outstanding oral and written communication skills.
  • Ability to work both independently and to multi-task with minimal supervision.
  • Registrations (i.e., SIE, Series 7, 24 and/or Series 3 registration) if no registrations can consider a member in good standing of the bar of any U.S. state or the District of Columbia.
  • Experience with Atlassian Confluence/JIRA preferred.
Responsibilities
  • Managing the firm’s annual compliance testing program
  • Coordinating the execution of testing reviews with stakeholders across various departments and ensuring reviews are conducted in accordance with firm procedures.
  • Assist in the development of the firm’s compliance testing program, including testing procedures, methodologies, risk assessments and frequency schedules to comply with relevant legal and regulatory requirements and industry best practices.
  • Execute the firm’s compliance testing program,
  • Drafting specifications for testing queries, scripts, and enhanced controls to be implemented by business or programming staff.
  • Reporting compliance testing findings to management and defining management actions plans with stakeholders to address findings.
  • Tracking compliance testing findings from discovery to remediation.
  • Other Core Compliance activities as needed.

Interactive Brokers provides an online trading platform that allows individual traders, investors, and financial advisors to access a variety of financial instruments, including stocks, options, futures, currencies, bonds, and funds. The platform operates globally, giving users direct access to over 135 markets in 33 countries. It stands out from competitors by offering low commissions and financing rates, ensuring that trading remains affordable. Additionally, Interactive Brokers emphasizes best execution, aiming to secure the best prices for trades. Unique features include the ability to purchase fractional shares, making high-value stocks accessible to more investors, and the IMPACT app, which helps users align their investments with personal values like sustainability. The goal of Interactive Brokers is to provide a comprehensive and cost-effective trading experience for clients worldwide.

Company Stage

IPO

Total Funding

N/A

Headquarters

Greenwich, Connecticut

Founded

1977

Growth & Insights
Headcount

6 month growth

1%

1 year growth

1%

2 year growth

1%
Simplify Jobs

Simplify's Take

What believers are saying

  • The addition of European stock options and index futures through Cboe Europe Derivatives expands trading opportunities for clients.
  • Significant stakes from major financial institutions like HSBC Holdings PLC indicate strong market confidence in Interactive Brokers.
  • The platform's advanced technology and direct market access ensure best execution, enhancing the trading experience for users.

What critics are saying

  • The recent data breach affecting 600 clients could undermine trust and lead to regulatory scrutiny.
  • The highly competitive landscape of online trading platforms requires continuous innovation to maintain market share.

What makes Interactive Brokers unique

  • Interactive Brokers offers one of the lowest commission rates in the industry, making it highly attractive for cost-conscious traders.
  • Their global reach, with access to over 135 markets in 33 countries, provides unparalleled opportunities for portfolio diversification.
  • Innovative features like fractional shares and the IMPACT app, which aligns investments with personal values, set them apart from traditional brokers.

Benefits

Competitive Pay with discretionary bonus packages which include company stock grants

Comprehensive Health Plans that include extensive Vision, Dental and Prescription coverage

Daily Lunch Allowance

401K Retirement Savings Plan (generous company match)

Wellness Incentives

Flexible Spending Accounts

Paid Personal Time and Sick Leave