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 AML Compliance Specialist will assist in ensuring BetMGM’s AML Program is in compliance with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA), and other rules and laws set out by iGaming Ontario (iGO) and the Alcohol and Gaming Commission of Ontario (AGCO).  Primary responsibilities focus on monitoring, analyzing and reporting on cases involving potential money laundering or terrorist financing activity and other transactional activity and due diligence measures to support the AML Program.  All duties are to be performed in accordance with BetMGM’s policies, practices, and procedures. This role will be based out of our Toronto office.

Responsibilities

• Support the AML team in maintaining the company’s AML reporting framework.

• Act as one of the primary individuals responsible for completing FINTRAC reports (i.e. Suspicious Transaction Reports, Casino Disbursement Reports), ensuring timely completeness, consistency, and quality of information being reported in a high-volume environment

• Review daily internal reports to identify all reportable transactions from the previous gaming day

• Conduct appropriate due diligence related to potential suspicious activity through review and analysis of customer information, gaming activity, and transaction monitoring reports utilizing internal and external systems and tools

• Support the Canadian AML training program by monitoring and ensuring completion of training by applicable employees within set timeframes

• Manage high risk customer lists on a recurring basis

• Effectively communicate with and respond to inquiries by regulators

• Ensure proper record keeping of data collected and analyzed

• Act as a front -line resource for fraud and risk team inquiries and escalations. 

• Participate in complex initiatives and identify opportunity for process improvements within scope of responsibilities

• Maintain current knowledge of industry practices and development

• Adapt quickly and effectively to procedural changes; assist with other 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

• Bachelor’s degree preferred

• Proof of authorization/eligibility to work in Canada

• 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

• Working knowledge of regulations under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and guidance from the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

• Proficient in identifying potential concerns and effectively follows-up to resolve issues

• Must possess a knowledge of FINTRAC FWR and batch reporting

• Must possess intermediate knowledge of computer software applications, including Microsoft Excel and Word

• Must be detail oriented and have excellent writing skills

• Strong team work, interpersonal and relationship building skills

• Ability to multi-task, work independently, and/or collectively to meet deadlines

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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