What are the responsibilities and job description for the Analyst, Trading Compliance position at BetMGM?

Position: Analyst, Trading Compliance

Location:

New Jersey, NJ

Remote Status: Remote

Job Id: 2138

# of Openings: 1

Analyst, Trading Compliance

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 Trading Compliance Analyst will ensure compliance of the sports wagering trading function through the development, implementation, and monitoring of effective policies and procedures. This position is responsible for assisting the Senior Manager of Trading Compliance and Manager of Trading Compliance in monitoring day-to-day regulatory activities and ensuring that the Company's online Sportsbook and retail Sportsbooks operations are compliant with the requirements of relevant state regulations, directives from state regulatory agencies, and the obligations of the land-based sportsbook in a particular state.

The Trading Compliance Analyst works under the direction of the Manager of Trading Compliance; however, they will be expected to operate independently and maintain accountability over their area of responsibility. The position must collaborate with other Trading Compliance Analysts, be aligned with Company objectives, and coordinate with other Compliance streams. This person will be responsible for actively managing relationships with both internal and external stakeholders, while serving as a reliable and knowledgeable liaison for the Compliance department. This role is based in Jersey City, New Jersey.

Responsibilities

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;
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.

Essential Functions

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

Qualifications

2-4 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.

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 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.

What We Offer

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.

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 recruitment@betmgm.com.

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 - $91,520 per year

Apply for this Position

Salary : $66,560 - $91,520

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