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”.
Location
This role is a remote position.
About the Role
The Director of Trading Compliance will ensure compliance of the sports wagering trading function through the development, implementation and monitoring of effective policies and procedures. The Director of Trading Compliance will be expected to work cross-functionally across all departments within the Company, often switching between competing priorities on a daily and weekly basis. They will assist with periodic reviews of products and services, ensuring compliance with regulations or detecting potential areas of non-compliance and provide all departments with compliance guidance and support. The Director of Trading Compliance will ensure compliance through the development, implementation and monitoring of effective policies and procedures and is responsible for monitoring day-to-day regulatory activities to ensure that the Company’s online Sportsbook and retail Sportsbooks operations are compliant with the requirements of relevant state regulations, directives from state regulatory agencies, and the obligations of the land-based sportsbook in a particular state.
The Director of Trading Compliance, working under the general direction of the Vice President of Compliance, will be expected to operate independently and maintain accountability over their area of responsibility. The position will oversee employees in one or more functional areas within Trading Compliance and be responsible for the setting of priorities and deadlines that are aligned with the organization’s goals and objectives, the establishment of quality control measures to include appropriate reviews of work product, and effective training and mentoring of staff. The position is responsible for ensuring the proper operation and integrity of sports wagering by internal and external business partners, and ensuring those partners have a clear understanding of what is required operationally to maintain compliance across all BetMGM’s markets.
The Director of Trading Compliance will work closely with the Senior Manager of Incident Reporting to address instances of non-compliance by the Company should they occur and help to create and implement remedial plans in the event of such an occurrence. This individual will be responsible for actively managing relationships with both internal and external stakeholders, while serving as a reliable and knowledgeable liaison for the Compliance department.
The Director of Trading Compliance will also work directly with the Director of Responsible Gaming, Director of Compliance, Director of Licensing and the Director of Compliance, AML & Fraud to ensure compliance across those areas and collaboration across compliance streams within the department.
Responsibilities
Oversee all facets of compliance related to trading including maintaining detailed records related to approved leagues/events and restrictions across all jurisdictions and communicating the requirements to the trading team
Set strategic vision, long term goals, and objectives for trading compliance Center of Excellence
Maintain full-cycle leadership of the trading compliance Center of Excellence; including coaching, mentoring, and performance management of Managers of Trading Compliance and Analysts of Trading Compliance
Continue to support and maintain the sports activation grid that includes league/event/market entries and is utilized on a daily basis by US Trading, Trading Operations and Trading Support
Analyze and distribute regulatory requirements of new jurisdictions as they pertain to trading functions in support of new state launches;
Maintain business as usual functions in existing jurisdictions and ensure updates are made in adherence to rule changes, additions/subtractions from approved market and leagues
Directly interface with regulators in every jurisdiction and serve as the main POC in all jurisdictions for trading compliance related matters
Submit requests to regulators to obtain approval for new leagues/events
Assist Compliance Analysts and Managers with developing the internal controls that are specific to the Trading function
Ensure integrity of trading policies and procedures – perform internal audits with team of trading analysts to ensure trading compliance functions meet all regulatory requirements
Liaise directly with VP of Trading and Director of Trading on projects and trading initiatives
Maintain open line of communication with Trading Ops and Trading Support to streamline processes and ensure compliance with all regulatory requirements in all jurisdictions
Assign projects to Trading Compliance Analysts and Managers to provide structure and depth of responsibility
Support the development and implementation of higher-level compliance strategies and long-term department goal
Compile trading incident reports and oversee remediation efforts for trading related errors
Interface with all internal departments to ensure clarity of communication and an understanding of the regulatory requirements in each state as it relates to trading compliance
Continuously monitor updates to online sports wagering regulations
Work cross-functionally across departments within the Company, often switching between competing priorities on a daily and weekly basis
Assists with periodic reviews of products and services, ensuring compliance with regulations or detecting potential areas of non-compliance
Provide all departments with compliance guidance and support
Respond to all issues relating to the regulatory compliance operation in assigned states where the Company offers Online Sports Wagering and/or a retail sportsbook
Work with the various regulatory bodies to address incidents of non-compliance by the Company should they occur and help to create and implement remedial plans in the event of such occurrence
Conduct research to prepare clear, concise and complete reports, correspondence and other communications materials on complex regulatory topics
Performs other related duties as assigned by the Vice President of Compliance
Qualifications
Bachelor’s degree in related field required
Masters’ degree strongly preferred
Online or Land based Casino/Sports Wagering experience preferred
7+ years’ experience in a managing a functional area(s) within gaming compliance with a high preference for sports wagering compliance experience
Managerial experience required
Experience in report writing and document management
Experience in incident management
Experience in reviewing, researching and interpreting regulations
Critical thinking and decision-making skills
Strong organizational skills
Internal control, internal audit or compliance experience preferred
Ability to work well under pressure in a fast-paced environment
Understand the dynamics of competing business priorities
Attention to detail and an analytical mind
Ability to work both independently and collaboratively
High level of personal initiative and motivation
Good interpersonal and presentation skills
Professional, honest and reliable
Basic proficiency in MS Word, Excel, PowerPoint and MS Outlook
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 $155,040 to $203,490. 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 [email protected].
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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