Aml Compliance Specialist - Toronto, Canada - BetMGM LLC

BetMGM LLC

Verified Company

Toronto, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

AML Compliance Specialist

Toronto, Canada_

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 Analyst 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.

Key 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 highvolume 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

Essential Functions

Must be able to stand or sit and operate computers and other technological devices for extended periods of time

Qualification

Must possess a knowledge of FINTRAC F2R and batch reporting
Ability to communicate proficiently and effectively, both in written and verbal form
1 year experience in a casino, bank, or other financial institution preferred
Ability to multitask, work independently and/or collectively to meet deadlines
Working knowledge of regulations under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act ("PCMLTFA")
Proficient in identifying potential concerns and effectively followsup to resolve issues
Must be detail oriented and have excellent writing skills
Strong teamwork, interpersonal and relationship building skills

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 startups are lucky enough to experience.
Backed by the Best
With our expertise—merged with that of our worldclass investors—we have the opportunity to take this business, and ourselves, farther than anyone has ever imagined.

Do What's Right