Regulatory Correspondence Counsel

Company Overview

Interactive Brokers Group, Inc. (Nasdaq: IBKR) is a global financial services company headquartered in Greenwich, CT, USA, with offices in over 15 countries. We have been at the forefront of financial innovation for over four decades, known for our cutting-edge technology and client commitment.

IBKR affiliates provide global electronic brokerage services around the clock on stocks, options, futures, currencies, bonds, and funds to clients in over 200 countries and territories. We serve individual investors and institutions, including financial advisors, hedge funds and introducing brokers. Our advanced technology, competitive pricing, and global market help our clients to make the most of their investments.

Barron's has recognized Interactive Brokers as the #1 online broker for six consecutive years. Join our dynamic, multi-national team and be a part of a company that simplifies and enhances financial opportunities using state-of-the-art technology.

This is a hybrid role (3 days in the office/2 days remote).

About your team:

This position is an exciting opportunity to join IBKR’s growing Legal Department. The Regulatory Correspondence Counsel will oversee and provide legal input regarding various regulatory matters, including responses to inquiries from FINRA, the SEC, the CFTC, exchanges, law enforcement, and other federal and state regulators. The position will sit within the IBKR Investigations & Enforcement Legal team and may be based in New York, NY, Greenwich, CT, Chicago, IL, or Washington, DC. 

 What will be your responsibilities within IBKR: 

• Work with IBKR’s Regulatory Correspondence (RC) team to respond to routine regulatory inquiries
• Review, oversee, and provide legal advice regarding IBKR’s responses to regulatory inquiries
• Prepare written responses to regulatory inquiries as needed
• Conduct risk assessment of compliance reviews and regulatory inquiries, and provide feedback as necessary
• Liaise with other IBKR departments as needed to address items raised during regulatory inquiries and compliance reviews
• Interface with regulators and law enforcement as needed
• Identify and escalate regulatory requests/responses to other members of the Legal team where appropriate

Which skills are required:

• Juris Doctor (JD) from an accredited law school
• Admission to a state bar within the United States or the District of Columbia
• Minimum of two (2) years of experience as a practicing attorney in the financial services industry, preferably at a law firm, financial institution, and/or securities or commodities regulator, or comparable non-legal experience in the financial services industry

Desired experience and skills:

• Other (non-legal) experience working in the financial services industry (at a brokerage firm, financial institution, and/or regulator), particularly in the areas of compliance, investigations/enforcement, regulatory reporting, or trade surveillance
• Understanding of financial markets and products, including securities, futures, swaps, and options, and their respective regulatory regimes
• Experience communicating with federal and state regulators and law enforcement agencies, verbally and in writing
• Familiarity with patterns indicative of manipulative trading, such as spoofing/layering, wash trading, and insider trading, and associated regulations prohibiting such activity
• Working knowledge of anti-money laundering (AML) regulations and red flags associated with potentially suspicious activity
• Experience dealing with, and/or knowledge of rules applicable to, broker-dealers and financial advisors

To be successful in this position, you will have the following: 

• Superior organizational, written, and oral communication skills
• Strong attention to detail
• Ability to handle multiple different matters simultaneously, often with short turnaround times
• Strong time management skills
• Ability to effectively distill and triage potential areas of risk
• Ability to think creatively while problem-solving
• Ability to communicate and coordinate effectively among several different IBKR teams, including Compliance, Surveillance, and Legal
• Self-motivated and able to handle tasks with minimal supervision.
• Superb analytical and problem-solving skills.
• Excellent collaboration and communication (Verbal and written) skills.
• Outstanding organizational and time management skills.

Company Benefits & Perks