Full-Time

Sanctions System Analyst

Posted on 7/22/2024

Interactive Brokers

Interactive Brokers

1,001-5,000 employees

Online trading platform with low commissions

Fintech
Financial Services

Entry

Chicago, IL, USA

Hybrid role requiring three days in the office and two days remote.

Category
Financial Planning and Analysis (FP&A)
Risk Management
Finance & Banking
Required Skills
Python
R
SQL
Java
JIRA
Data Analysis
Excel/Numbers/Sheets
Requirements
  • Excellent Bachelor-level educational credentials. A focus on finance, computer science, data analytics or similar areas is preferred.
  • Candidates should have a strong Microsoft Excel and SQL background.
  • Strong analytical and problem-solving skills and an interest in automating inefficient or repetitive processes.
  • A high degree of comfort with technology and a functional understanding of how technology can be applied to business solutions.
  • Excellent written and verbal communication skills.
  • Ability to work both independently as well as in a small-team environment and to multi-task with minimal supervision.
  • Detail-oriented with outstanding organizational and time-management skills.
  • Candidates must be focused, adaptable, and have a natural motivation to solve problems.
  • Experience working or interning for an exchange, regulatory agency, Broker Dealer (BD), Futures Commission Merchant (FCM) or similar organization is a plus. Direct experience in sanctions compliance is strongly preferred.
  • Fluency in Python, Java, VBA, and/or R Studio a plus.
  • Experience with Jira and communicating problems to programmers a plus.
  • ACAMS, CGSS, Series 7, or other FINRA licenses or certifications are a plus.
  • Knowledge of Capital Markets
Responsibilities
  • Oversight and testing of the sanctions screening system
  • Coordination of technical projects and initiatives, including any modifications to tools and models used by the Sanctions team
  • Development and maintenance of regular metrics reporting to assess system effectiveness and team productivity
  • Enhance operational efficiency by identifying areas for improvement and facilitating projects to streamline current processes.
  • Assist with the maintenance and reporting of OFAC-blocked property.
  • Ad hoc data analysis to support senior management requests, regulatory inquiries, response to regulatory changes, etc.

Interactive Brokers offers an online trading platform that provides access to a wide range of financial instruments, including stocks, options, futures, currencies, bonds, and funds. The platform is known for its low commissions and best execution practices, ensuring clients get the best prices for their trades. Unique features like fractional shares and the IMPACT app allow users to invest in high-value stocks affordably and align their investments with personal values. The goal of Interactive Brokers is to deliver a comprehensive and cost-effective trading experience for individual traders, investors, and financial advisors globally.

Company Stage

IPO

Total Funding

N/A

Headquarters

Greenwich, Connecticut

Founded

1977

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Simplify's Take

What believers are saying

  • AI tools in the Advisor Portal enhance decision-making for financial advisors.
  • IBKR Desktop 0.12 offers advanced features for options traders, boosting user engagement.
  • 74% growth in DARTs and $576 billion in client equity indicate strong financial health.

What critics are saying

  • Increased regulatory scrutiny may lead to stringent compliance requirements and potential fines.
  • AI tools may expose the company to data privacy and algorithmic trading risks.
  • Rapid growth in DARTs could strain infrastructure, risking service disruptions.

What makes Interactive Brokers unique

  • Interactive Brokers offers low commissions and financing rates, making trading affordable.
  • The platform provides direct market access to over 135 markets in 33 countries.
  • Innovative features like fractional shares and the IMPACT app attract diverse investors.

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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

INACTIVE