AML Compliance Specialist

About Us

We are BetMGM. We are revolutionizing sports betting and online gaming in the United States. We are a partnership between two powerhouse organizations-MGM Resorts International and Entain Group. You know our name through our exciting portfolio of brands including BetMGM Sportsbook, Borgata online, Party Casino and Party Poker. We aim to bring our ideas into action and find ways to deliver the best quality in gaming platforms.

We understand that each card in the deck plays a unique role in any given hand, just as our employees each play a unique role in accomplishing our goals as a company. We strive to create a culture of empathy where our employees feel valued, heard, and comfortable bringing their authentic selves to work. We want to build a product and a workplace that reflect the communities we serve so we approach our work fearlessly, take responsibility when we get it wrong, and ante-up again. We play to win, and we are all-in together.

We were recognized as one of Glassdoor's "Best Places to Work".

About the Role

The primary responsibility of the AML Compliance Specialist is to assist BetMGM's AML compliance program to identify and report possible suspicious activity, money laundering, and/or violations of Title 31 regulations. Adhere to compliance with a focus on investigation, research, and analyses of financial transactions and customer data across all lines of business.

The AML Compliance Specialist will also complete financial audits of BetMGM's retail sports books, ensuring the accurate and appropriate filing of any appliable Currency Transaction Reports (CTRs) or Book Wagering Reports (BWRs). All duties are to be performed in accordance with BetMGM's policies, practices, and procedures.

Responsibilities

• Review and analyze transactions utilizing internal and external systems and tools
• Partner and communicate with team members across the organization and external partners to gather information and develop comprehensive investigations
• Perform AML investigations by reviewing and analyzing financial transactions and customer data
• Prepare reports that clearly describe gaming transaction details, analyses, and investigation findings to support recommendations to AML Analysts
• Monitor all business units to ensure compliance with Federal Bank Secrecy Act (BSA) Title 31, and applicable State and Federal reporting requirements
• Act as a front-line resource for the business groups and escalation point regarding compliance with Title 31, CTRs, and state reporting requirements
• Perform diverse duties and ad-hoc projects to support the AML/SAR requirements
• Proactively identify potential suspicious activity and provides updates to Compliance Management
• Conduct due diligence using World Compliance/LexisNexis, and/or other Internet-based investigative tools
• Maintain solid knowledge of State/Federal Regulation, MICS, ICS, Titles and Codes and related guidance issued by FinCEN as they pertain to a casino environment
• Conduct reviews focused on detecting suspicious activity for purposes of filing Suspicious Activity Reports
• Perform related due diligence on patron accounts/deposits/payments
• Complete daily Currency Transaction Report (CTR) and race & sports book audits and summarize findings in a clear and concise manner
• Provide ongoing compliance reporting to Anti-Money Laundering Compliance Management
• Verify transactions are into the electronic MTL and other casino systems to ensure compliance with Title 31
• Generate and review CTRs and Book Wagering Reports for submission to FinCEN and/or the applicable regulatory body
• Cite exception reports to operating departments for instances of non-compliance
• Adapt quickly and effectively to procedural changes; assist with special projects
• Must have highest level of professional ethics and integrity
• Confidentiality is an essential element of this job
• Perform other related duties as assigned

Qualifications

• Proof of authorization/eligibility to work in the United States
• Bachelor's degree preferred
• Ability to communicate proficiently and effectively in English, both in spoken and written form
• 1+ year experience in a casino, bank, or other financial institution preferred
• 1+ year experience in the areas of research, analysis, and documentation of findings related to customer financial transactions for Title 31 compliance preferred
• Demonstrated experience in reviewing customer transactions for potential suspicious activity and performing anti-money laundering investigations
• Working knowledge of regulations under Title 31 of the US Code of Federal Regulations and guidance from the Financial Crimes Enforcement Network (FinCEN)
• Must possess intermediate knowledge of computer software applications, including Microsoft Excel and Word
• Must be detail oriented and have excellent writing skills
• Strong interpersonal skills with the ability to communicate effectively to members of different backgrounds and levels of experience
• Ability to stand, sit, walk, bend, reach, lift, and operate computers and other technological devices for extended periods of time
• Must be able to stand or sit and operate computers and other technological devices for extended periods of time

The annual salary range for this position is $52,640 to $69,090. Factors which may affect starting pay within this range may include geography/market, skills, education, experience, and other qualifications of the successful candidate. This position is also eligible for participation in a performance-based bonus plan.

Gaming Compliance & Licensing Requirements

As an online gaming company, BetMGM is required to comply with state gaming regulations which includes licensing obligations. Applicable employees must be licensed by at least one jurisdictional agency, although certain positions require licensing by multiple agencies. Failure to become licensed or maintain licensure with each agency as required for the role may result in termination of employment. Please note that the licensing process includes comprehensive background checks which may include a review of criminal records, financial history, and personal background verification.

In addition, candidates must comply with and support the company's responsible gambling policies, procedures and initiatives.

About Our Culture

Building BetMGM from the ground up takes effort, energy, and teamwork, but that's what will make leading this industry all the more satisfying. We stay focused on our main goal with the help of these four company pillars:

Believe in Your Game - Take your shot! There's a freedom to explore ideas usually only start-ups are lucky enough to experience.

Backed by the Best - With our expertise-merged with that of our world-class investors-we have the opportunity to take this business, and ourselves, farther than anyone has ever imagined.

Do What's Right - We operate with clarity and simplicity, always doing the right thing by our customers and each other, standing shoulder to shoulder every day.

Hustle Hard - Our combined commitment and ambition is what drives us to create some of the most innovative products in the industry.

What We Offer

As a valued employee, we're committed to giving you the resources and support you need. We offer Medical, Dental, Vision, Life Insurance, Commuter Benefits, Paid Time Off, Holidays, Employee Resource Groups and more!

Applicable salary ranges may differ across markets. Actual pay will be determined based on experience and other job-related factors permitted by law. The position is also eligible for an annual bonus.

BetMGM LLC is an Equal Opportunity Employer. We provide equal employment opportunities to all qualified individuals, regardless of race, religion, gender, gender identity, age, marital status, national origin, sexual orientation, citizenship status, veteran status, disability, or any other legally protected status. As an organization, we are unwavering in our commitment to maintaining a discrimination-free work environment, and fostering a culture of inclusivity, belonging and equal opportunity for all employees and applicants.

We understand that each card in the deck plays a unique role in any given hand, just as our employees each play a unique role in accomplishing our company goals. So, we are committed to an inclusive culture for all and empowering our employees to thrive in meaningful careers. At BetMGM, we play to win, and we are "all in" together. If your experience looks a little different from what we've identified and you think you've got what it takes, we'd love to learn more about you.

If you need assistance or accommodation with your application due to a disability, you may contact us at recruitment@betmgm.com.

This job description is not an exclusive or exhaustive list of duties a person in this position may be asked to perform from time to time.

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