AML Analyst - Quality Assurance Testing and Monitoring

at  interactive brokers

POSITION

The Assurance Testing and Monitoring team sits within the broader AML team and reports to the Money Laundering Reporting Officer (MLRO). The team is responsible for performing independent testing activities in accordance with applicable IBKR group procedures/policy and UK/EU AML legislation to assess the design and effectiveness of first and second-line AML controls, producing reports on the effectiveness of the controls by analyzing metrics from test samples and validating the appropriateness of remediation actions undertaken to address findings.

MINIMUM QUALIFICATIONS:

• At least 2+ years’ experience in AML compliance, 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 or a certified anti-money laundering specialist (CAMS) or similar ICA diploma is preferred.
• Sound knowledge of European and UK regulations, European Directives and ability to be current on AML developments

SKILLS AND COMPETENCIES:

• Excellent verbal and written communication skills
• Self-motivated with the ability to work in a small team and independently.
• Proficiency in the usage of MS Excel, Word, Outlook and PowerPoint
• Efficient when working with large data sets in Excel or other proprietary databases.
• Strong attention to detail.

• Implement and execute compliance testing program for AML controls in the first and second lines of defense.
• Participate in the planning, execution, and reporting of compliance assurance reviews and regulatory issue validation.
• Perform qualitative, risk-based testing on the first and second lines of defense by reviewing key control points from a population sample.
• Produce initial Assurance metrics and findings in accordance with testing procedures.
• Participate in preliminary discussions with applicable control owners and present initial test findings.
• Produce reports (including ad hoc) for control owners and senior management based on initial findings and discussions at the direction of the AML Assurance/QA Manager.
• Develop and prepare corrective action and management information reports for control owners.
• Conduct timely follow-ups on pending issues to ensure quick resolutions.
• Participate in the planning, execution and reporting of compliance assurance reviews.
• Carry out compliance and regulatory issue validation activities in accordance with the Assurance Testing Plan.
• Assist with developing and enhancing the Assurance Testing Methodologies and Standards for testing, monitoring, and reporting.
• Utilize innovative compliance testing solutions, including Data Analytics, to add value and reduce costs of compliance-related activities.
• Following the Assurance Testing Plan, coordinate QA/Testing reviews under the guidance of the AML Assurance/QA Manager and Senior QA/Testing Analyst.
• Assist in producing and distributing quality assurance review metrics to stakeholders.
• Update and monitor issues identified for remediation using the various Compliance Tracking Tools.
• Intermediate knowledge of using Oracle SQL to retrieve, filter, analyze, format, and present information from Oracle databases for testing and exception report monitoring.