Trading 212 appears to be preparing to establish a branch in the Czech Republic after advertising two senior compliance roles responsible for local regulatory oversight and operations.
The broker is hiring a Senior Compliance Officer and a Senior AML Analyst, with both positions based in the Czech Republic and reporting to its global compliance function.
The job descriptions indicate the successful candidates will help build a local Czech branch. Responsibilities include acting as the primary contact for the Czech National Bank (CNB), suggesting that the firm plans on establishing a meaningful presence in the country.
Both roles require extensive knowledge of Czech capital markets regulation, including MiFID II and the country’s Capital Market Undertakings Act (ZPKT), along with fluent Czech and English to support regulatory communication with the CNB and the Financial Analytical Office (FAU).
The vacancies also reference the development of branch-specific policies, complaint-handling procedures, staff training, and regulatory reporting, suggesting Trading 212 is putting in place the governance framework required for a locally supervised operation.
Trading 212 currently serves European Union clients through regulated entities in Bulgaria, Cyprus, and Germany.
The company expanded into the German market last year, after acquiring local firm FXFlat.
Typically, having an on the ground presence and acquiring approvals from the local regulator is a smoother way of entering a market in the EU. TradeInformer understands that multiple EU regulators do not like firms that solely passport into their countries using a Cyprus-regulated entity.
