SIPP Product Champion and Trustee

Position Details:

Interactive Brokers ("IBKR") is looking for an individual to support IBUK’s expansion of UK specific financial services offering.  This is an exciting opportunity to join a growing company and contribute to its further development, by directly supporting a key new business initiative to add a SIPP account to our UK offering.  You will join a small team based in the UK, reporting directly to the COO, and working alongside a global team.  The successful candidate will join the board of the corporate trustee of the new SIPP scheme and will have key responsibilities in relation to the oversight of the SIPP, ensuring compliance with regulations and acting in the best interests of the SIPP members.

The candidate should possess general market knowledge in pension products and extensive expertise in SIPP operations, including Trustee management and governance, contributions, relief at source, reporting, due diligence, transfers, and all aspects relevant to the accumulation and decumulation phases of the pension scheme. 

Due to expansion, we recently relocated our office to a fantastic City of London tower on Fenchurch Street, where we operate a hybrid working model. You will be pleased to hear we offer lunch every day you are in the office from a selection of vendors.

Key Responsibilities:

• Acting as director of the corporate trustee, exercise the trustee powers in line with the trust deed and rules. Contribute to governance meetings providing expert input on SIPP matters;
• Support the new business launch in establishing and maintaining new processes to support the SIPP business throughout all life stages (accumulation and decumulation);
• Foster good outcomes for SIPP scheme members, developing a SIPP specific consumer duty dashboard;
• Track, report on, and escalate any issue related to the scheme’s full compliance with all relevant legislation, regulation and guidance. Support the development and maintenance of a suite of reports and controls to help monitor activity, trends, and issues, and support in the identification of areas for improvement;
• Acting in the best interest of the SIPP members, ensure the correct administration of the scheme. Help establish and manage SIPP related operations to ensure all agreed key performance indicators, service standards and regulatory reporting requirements are met;
• Ensure complete, accurate and timely communication with SIPP members and support the reporting of information to HMRC to ensure complete, timely and accurate provision and processing of tax relevant information;
• Oversee the financial health and of the scheme, and the automated processes for asset and cash transfers and handle related manual processes and exceptions;
• Support the establishment and maintenance of systems and controls for the calculation of retirement benefits, drawdown and crystallisation calculations;
• Identify trends and issues; compose clear business requirements, and project manage implementation;
• Lead the ongoing training and development for all impacted staff, to ensure knowledge and expertise are developed and kept up-to-date across the board; and,
• Any other reasonable duties required.

Qualifications:

• Bachelor's or advanced degree in Finance, Economics, Business Administration or other related field. Or equivalent work experience.
• Industry recognised qualifications- SIPP/Pensions and Accounting are preferred.
• A minimum of 10 years of experience in the SIPP or pension services industry.
• Significant pension tax and investment operations experience in SIPP Admin/Oversight Reporting /Pension/ISA compliance which includes Drawdown calculations, PCL, UFPLS, FAD, PRAS, PSDCOM100. SIPPCOM100, ISA10, JISA/ISA, SIPP, Stock Trading etc.
• Strong interpersonal, verbal and written communication skills.
• Working knowledge of PC technologies, including Microsoft Word & Excel.

Location:

20 Fenchurch Street, London, EC3M 8AF

Working hours:

9 am – 6 pm, Monday–Friday

Benefits:

• Career support and development
• Salary commensurate with experience
• Performance-based discretionary cash bonus scheme
• Discretionary stock grant
• Group Life Assurance cover
• Group Income Protection
• Occupation pension scheme based on Gross earnings
• Hybrid working model
• Above statutory annual leave, increasing with service
• Daily company-paid lunch and healthy snack options throughout the day (when working from the office)
• Access to Private Medical Insurance, Dental Plan and/or Health Cash Plan (including dependants) *
• Corporate events
• Travel season ticket loans*
• Cycle to work scheme*

*on successful completion of the probation period

Interactive Brokers (U.K.) Limited values in promoting, monitoring, implementing best practices, policies and procedures and culture in adhering to and promoting the FCA Consumer Duty with the organisation.