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Form of workPosition:Title 31 Compliance SpecialistLocation: Las Vegas, NV
Job Id: Compliance2023-15-NV # of Openings: 0
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 Title 31 Compliance Specialist - is to assist with BetMGM's AML compliance program with a focus on ensuring BetMGM can successfully comply with Title 31 requirements and applicable regulations relating to race and sports books. All duties are to be performed in accordance with BetMGM's policies, practices, and procedures.
Responsibilities
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!
Gaming Compliance
Candidate must comply with and support the company's responsible gambling policies, procedures and initiatives.
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.
BetMGM LLC is an Equal Opportunity/ Affirmative Action employer. We provide equal employment opportunities to all qualified employees and applicants for employment without regard to race, religion, sex, age, marital status, national origin, sexual orientation, citizenship status, veteran status, disability, or any other legally protected status. We prohibit discrimination in decisions concerning recruitment, hiring, compensation, benefits, training, termination, promotions, or any other condition of employment or career development. 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.
Pay Range: $54,640 - $75,130 per year
Job Id: Compliance2023-15-NV # of Openings: 0
Title 31 Compliance Specialist
Jersey City, NJ or Las Vegas, NV
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 Title 31 Compliance Specialist - is to assist with BetMGM's AML compliance program with a focus on ensuring BetMGM can successfully comply with Title 31 requirements and applicable regulations relating to race and sports books. All duties are to be performed in accordance with BetMGM's policies, practices, and procedures.
Responsibilities
- Must be able to stand or sit and operate computers and other technological devices for extended periods of time
- Complete daily Currency Transaction Report (CTR) and race & sports book audits and summarizes findings in a clear and concise manner
- Review and analyze transactions utilizing internal and external systems and tools
- Act as a front-line resource for the business groups and escalation point regarding Title 31, CTRs, and AML matters
- Provides ongoing compliance reporting to Anti-Money Laundering Compliance Management.
- Verifies transactions entered into the electronic MTL and other casino systems to ensure compliance with Title 31
- Proactively identifies potential suspicious activity and provides updates to Compliance Management.
- 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
- Generates and reviews CTRs and Book Wagering Reports for submission to FinCEN and/or the applicable regulatory body
- Cites exception reports to operating departments for instances of non-compliance
- Perform diverse duties and ad-hoc projects to support the AML requirements
- Monitors business activities for compliance with applicable rules and regulations to ensure that all business units are in compliance with Federal Bank Secrecy Act (BSA) Title 31, and applicable State and Federal reporting requirements
- 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
- 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
- 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
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:
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!
Gaming Compliance
Candidate must comply with and support the company's responsible gambling policies, procedures and initiatives.
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.
BetMGM LLC is an Equal Opportunity/ Affirmative Action employer. We provide equal employment opportunities to all qualified employees and applicants for employment without regard to race, religion, sex, age, marital status, national origin, sexual orientation, citizenship status, veteran status, disability, or any other legally protected status. We prohibit discrimination in decisions concerning recruitment, hiring, compensation, benefits, training, termination, promotions, or any other condition of employment or career development. 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.
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.
Pay Range: $54,640 - $75,130 per year
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