Regulatory/Compliance Attorney or Compliance Professional - Investment Advisor Registration Focus

  • Competitive
  • Washington D.C., DC, USA
  • Permanent, Full time
  • Interactive Brokers
  • 24 Sep 16

Regulatory/Compliance Attorney or Compliance Professional - Investment Advisor Registration Focus

Overview :

Interactive Brokers ("IB") is the largest U.S. broker, measured by trades, offering direct-access electronic trade execution and clearing for active traders, institutional investors, financial advisors and introducing brokers. IB serves more than 330 thousand customers in trading securities, commodities and foreign exchange in 23 currencies on over 100 market centers in 24 countries around the world. The firm leverages highly automated systems it builds for all aspects of its business to maintain a low cost base as the business expands. The business is in a stage of rapid growth.

IB is a subsidiary of the publicly traded Interactive Brokers Group, Inc., based in Greenwich, Connecticut (NASDAQ: IBKR). IBKR's market capitalization is in excess of $12 billion. In addition to electronic brokerage services, the Group's market maker companies trade in equities and exchange-listed equity derivative products around the world. Interactive Brokers Group plays an important role in trading and brokerage worldwide; executing, clearing, settling and accounting for over one million trades per day. The Group's options volume makes up approximately 9 % of all listed equity options worldwide. [i]

Interactive Brokers LLC is an SEC-registered broker-dealer and a CFTC-registered futures commission merchant, as well as being a member of FINRA and NFA. Our legal and compliance department is growing and we are always looking for high quality talent. The Regulatory/Compliance Attorney position requires familiarity with the legal and compliance obligations of SEC- and state-registered investment advisors, the Investment Advisers Act of 1940 and similar state statutes.

[i] Figures as of December 31, 2015. Information on the company can be found at: www.interactivebrokers.com

Responsibilities :

  • Working with advisors who trade through IB on issues related to their advisory firm registration with the SEC or states.
  • Working with advisors regarding their compliance manuals, codes of ethics, and other written policies and procedures.
  • Interacting with the SEC, state regulatory agencies and other regulatory bodies.
  • Drafting written materials for use by advisors to help them meet their compliance obligations.
  • Drafting web content and periodic releases on compliance issues of interest to investment advisors.
  • Researching, interpreting and advising the firm regarding compliance with laws, regulations and guidance applicable to broker-dealers and independent investment advisors who trade through IB.
  • Crafting written instructions for programmers and technology staff to respond to new regulations or to launch new business lines.


Qualifications :

  • Ideal candidate should possess at least two years of relevant experience related to investment advisor registration and/or compliance issues that affect advisors, at a regulator, industry association, compliance firm, an investment advisory firm, or another broker-dealer or FCM.
  • Solid academic background.
  • High degree of comfort and fluency with computers and technology, and understanding of how technology is applied to business and regulatory problems.
  • Outstanding oral and written communication skills.
  • Ability to develop compliance solutions that satisfy relevant regulations while executing sound business judgment.
  • Ability to proactively engage a diverse group of clients.
  • Ability to work in a small-team environment and to work independently and to multi-task with minimal supervision.