Compliance Analyst, Trading
BetMGM
full-time
Posted on:
Location Type: Remote
Location: Remote • New Jersey • 🇺🇸 United States
Visit company websiteSalary
💰 $64,400 - $80,500 per year
Job Level
JuniorMid-Level
Tech Stack
Switching
About the role
- Facilitate all facets of compliance related to sports trading, including maintaining detailed records of approved leagues/events and restrictions/requirements, and communicating that information to the trading teams
- Support and maintain Trading Compliance’s tracking documents for approved league/event/market entries that are used by US Trading, Trading Operations and Trading Support
- Support and maintain online and retail House Rules
- Analyze and distribute regulatory requirements of new jurisdictions as they pertain to trading functions in support of new state launches
- Maintain operations in existing jurisdictions and facilitate necessary adjustments based on changes in regulations/directives
- Handle requests from trading to offer new leagues/wager-types, which includes performing due diligence, communicating with and submitting requests to regulators as needed, and providing direction to internal stakeholders on relevant restrictions and requirements
- Serve as subject matter expert and primary point of contact on all trading compliance matters for assigned jurisdictions, which includes directly interfacing with regulators in those assigned jurisdictions
- Understand trading compliance requirements in all jurisdictions where BetMGM operates and collaborate with Trading Compliance Analysts who serve as leads in each jurisdiction
- Handle trading-related incidents, including initial evaluation of regulatory requirements, preparing and submitting reports to regulators as needed, and overseeing remedial efforts
- Assist in developing and enhancing Trading Compliance processes and systems.
- Assist with developing the internal controls that are specific to Trading functions
- Ensure integrity of trading policies and procedures – contribute to internal audits to ensure trading compliance functions meet all regulatory requirements
- Maintain open line of communication with stakeholders in the various trading-related streams enhance processes and ensure compliance with all regulatory requirements
- Support the development and implementation of higher-level compliance strategies and long-term department goals
- Continuously monitor updates to online sports wagering regulations
- Work cross-functionally across departments within the Company, often switching between competing priorities on a daily and weekly basis
- Assists with periodic reviews of products and services, ensuring compliance with regulations or detecting potential areas of non-compliance
- Respond to all issues relating to the regulatory compliance operation in assigned states where the Company offers Online Sports Wagering and/or a retail sportsbook
- Research complex regulatory topics and prepare clear, concise, and complete reports, correspondence and other written materials.
- Performs other related duties as assigned by the Manager of Trading Compliance and the Senior Manager of Trading of Compliance.
Requirements
- 2+ years of experience
- Online or Land based Casino/Sports Wagering experience preferred
- Gaming compliance experience with a high preference for sports wagering compliance experience preferred
- Experience in report writing and document management
- Experience in incident management
- Experience in reviewing, researching, and interpreting regulations
- Critical thinking and decision-making skills
- Strong organizational skills
- Internal control, internal audit or compliance experience preferred
- Ability to work well under pressure in a fast-paced environment
- Understand the dynamics of competing business priorities
- Attention to detail and an analytical mind
- Ability to work both independently and collaboratively
- High level of personal initiative and motivation
- Good interpersonal and presentation skills
- Basic proficiency in MS Word, Excel, PowerPoint and MS Outlook
Benefits
- Medical
- Dental
- Vision
- Life Insurance
- Commuter Benefits
- Paid Time Off
- Holidays
- Employee Resource Groups
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
gaming compliancesports wagering compliancereport writingdocument managementincident managementregulatory researchinternal controlinternal auditcompliance strategiestrading compliance processes
Soft skills
critical thinkingdecision-makingorganizational skillsattention to detailanalytical skillsability to work under pressurecollaborative skillspersonal initiativemotivationinterpersonal skills