What are the responsibilities and job description for the Director of Regulatory Compliance position at parx casino?
Responsible for Casino’s compliance with the Bank Secrecy Act, Title 31, and related federal and state anti-money laundering regulatory requirements ("AML") and advising on betParx’s AML program.
- Serves as the Casino’s Bank Secrecy Act officer on AML, OFAC and related matters and assures compliance with AML regulatory requirements
- With the assistance of appropriate departments, responsible to insure there is proper training of the Casino’s personnel on respective AML policies and practices
- Prepares, files, and approves CTR and SAR forms as required pursuant to relevant Casino policies and procedures
- Oversees the Casino’s Title 31 EDD/KYC Program, SAR Filing, and Eviction/Exclusion Program
- Provides assistance in preparing for impending AML changes impacting the Casino
- Develops, improves and maintains the Casino’s AML policies and procedures and related compliance initiatives and programs
- Performs or directs annual Casino AML Risk Assessments on behalf of the Board of Directors
- Facilitates AML independent audits of the Casino
- Ensures compliance with established and applicable AML regulatory framework
- Aids in the improvement of tools to monitor, analyze, and report suspicious activity in the Casino, and provides relevant reporting to ensure completion and proper analysis of CTRs and SARs
- Provides oversight to the Casino operational team, which acts as the first line monitors and investigators of suspicious activity
- Ensures consistent and timely feedback on Casino AML cases that have been escalated
- Liaise with management to develop Casino AML investigative strategies
- Ensures detailed and prompt investigation of all AML incidents and cases
- Manages the resolution of cases through internal and external communications
- Helps with identifying any AML loopholes and coordinating projects to bridge those gaps
- Maintains a proper register of all Casino AML-related incidents reported internally and externally
- Supports betParx’s AML program, including information sharing, development of policies and procedures, consulting, training, AML filings, and risk assessments for betParx
- All additional duties as assigned
Requirements for the Role:
- Master's Degree preferred. At least ten (10) years' experience in the Casino or Finance Industry. Five (5) years' experience in the Anti-money Laundering field.
- Experience in implementing AML compliance programs. Excellent verbal/written communication and organizational skills. Strong organizational, analytical and investigative skills. Technical proficiency in Word, Excel, PowerPoint, CMS. Access. Strong project management skills.
- Experience in auditing a distinct advantage.
- Willingness to work on various compliance issues.
- Must be able to adapt to working in a fast paced environment.
- Strong attention to detail.
- Ability to handle multiple tasks, work a flexible schedule, if required as well as the ability to work without supervision.
- Must be able to obtain and maintain a license through the Commonwealth of Pennsylvania.
