AML Compliance Specialist
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.
- 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
- 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
- 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!
BetMGM is a leading US sports betting and online gaming operator, formed in 2018 as a joint venture between MGM Resorts International and Entain. Headquartered in Jersey City, New Jersey, it holds exclusive access to MGM's land-based and online sports betting, poker and casino businesses across the United States and Canada. The company operates the BetMGM, Borgata Casino, Party Casino and Party Poker brands and is one of the largest operators in the regulated North American market. Its products combine online sportsbook, casino and poker with MGM's nationwide network of casinos.
