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- Track and monitor all incoming requests from regulators, law enforcement or other stakeholders within BetMGM to respond in a timely and effective manner to all requests for information related to suspicious activity;
- Assist in the development of metrics to ensure that responses to regulators are consistent, thorough and timely
- Work collaboratively with key stakeholders, including the Risk and Legal Departments, throughout BetMGM to gather the requested data;
- Review, edit, enhance all responses to regulatory requests for information prior to submission to regulatory bodies;
- Conduct research to prepare clear, concise and complete reports, correspondence and other communications materials on complex regulatory topics;
- Maintain a deep understanding of suspicious activity and fraud, as well as BetMGM's policies and procedures for identifying and preventing both, in order to understand the data gathered and communicate it effectively to the regulator;
- Maintain business as usual functions in existing jurisdictions and ensure updates are made in adherence to rule changes, regulatory directives and operational enhancements for suspicious activity and fraud reporting;
- Provide oversight and guidance in the drafting of Internal Controls as they relate to suspicious activity reporting ahead of new state launches while maintaining regulatory compliance of existing jurisdictions;
- 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;
- Performs other related duties as assigned by the Senior Manager, Suspicious Activity & Fraud
- Must be able to stand or sit and operate computers and other technological devices for extended periods of time
- Bachelor's Degree preferred
- Compliance and/or Anti-Money Laundering certification, preferred. (CAMS, CFE)
- Online or Land based Casino experience is preferred
- Experience in a gaming or regulatory function at a government agency is applicable
- Experience working in an analytical role, utilizing Microsoft Excel for data analysis and interpretation
- Experience utilizing Microsoft PowerPoint to present findings to multi-disciplinary groups
- Understand the stated BetMGM business priorities and help the team work toward them
- Ability to work independently, with a high-level of personal initiative and motivation
- Experience in process improvement and procedure writing, to include flow charts utilizing Microsoft Visio
- 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.
Analyst, Regulatory Coordination - Jersey City, United States - BetMGM
Description
Position:Analyst, Regulatory Coordination
Location:
Jersey City, NJ
Remote Status: Hybrid
Job Id:
2340
# of Openings:
1
Analyst, Regulatory Coordination
Jersey City, NJ
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 US Regulatory Coordination Analyst is responsible for oversight of all regulatory requests related to suspicious activity. The Analyst should be able to maintain insight into the regulatory environments in each jurisdiction where BetMGM operates and stay up to date in the latest state published requirements of relevant state laws, regulations, directives from state regulatory agencies, and the obligations of the online and land-based sportsbook in a particular state. The Analyst will ensure BetMGM's compliance through the monitoring and reporting of any regulatorily required information. The Analyst, working under the direction and supervision of the Senior Manager, Suspicious Activity & Fraud, will have specific responsibilities in the areas of reporting regulatory compliance for our online sportsbook and retail sportsbook products, including direct contact with various state regulators and Law Enforcement Agencies.
Responsibilities
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:
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.
Licensing Requirements:
As a 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.
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
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.
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Pay Range: $66,560 - $87,360 per year
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