AML Compliance Specialist
BetMGMDiscover What’s Possible at BetMGM
Ready to make your career legendary? Join us as we bring the magic of Vegas to our players. The BetMGM team has over 1,400 talented members, revolutionizing sports betting and online gaming in the United States and Canada. We’re a brand with technology at our hearts and the most driven and focused talent in the business.
As a valued team member, we’re committed to giving you the resources and support you need to thrive. Our benefits and perks include:
Medical, Dental, Vision, Life, and Disability Insurance
Registered Retirement Savings Plan (RRSP), Tax Free Savings Account (TFSA), and Deferred Profit Sharing Plan (DPSP)
Professional development reimbursement and ongoing skills training opportunities
Employee resource groups
Swag, ticket giveaways, and more!
At BetMGM, we recognize that every individual plays a meaningful role in our success. That’s why we’re committed to building a respectful, inclusive workplace. It’s the strategy behind every win. By meeting people where they are, we create a culture of belonging where everyone can thrive and a workplace that reflects our values, our people, and our drive to win.
About the Role
This posting is for an open role at BetMGM.
The AML Compliance Specialist, reporting into our Compliance Team, 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 is partially remote with some in person days required in our Toronto, Ontario 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
What You Bring to the Team
At BetMGM, we understand that each card in the deck plays a unique role in any given hand. If your experience looks a little different from what we’ve identified and you think you’ve got what it takes, we encourage you to apply for this role. Our candidates are reviewed on the basis of their skill and potential to succeed.
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
The compensation for this position is expected to be in the range of $24.92 - $30.77 CAD, including hourly wages, bonus, vacation pay, and statutory entitlements. Actual pay will be determined based on experience and other job-related factors permitted by law. Factors which may affect starting pay within this range may include skills, education, experience and other qualifications of the successful candidate. This position is eligible for participation in a performance-based bonus plan.
It is a condition of employment in this position that the employee is and remains lawfully eligible to work in Canada.
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 BetMGM's responsible gambling policies, procedures, and initiatives.
About BetMGM
BetMGM is revolutionizing sports betting and online gaming in the United States and Canada. 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 Casino, 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.
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.
BetMGM welcomes and encourages applications for people with disabilities. Accommodations are available on request for job applicants and candidates taking part in all aspects of the recruitment and selection process. Please contact leaves@betmgm.com if you need accessibility accommodation during the application process.
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.
#LI-HYBRID
#LI-IK1