Dir Title 31 Compliance

J  o  b    D  e  s  c  r  i  p  t  i  o  n

Job Profile Title:

Dir Title 31 Compliance

Job Code:

12561

Business_Title

Dir Title 31 Compliance

Profile Title:

12561 Dir Title 31 Compliance

Grade / Band:

L3

FLSA Status:

Exempt

The Director of Title 31 Compliance ensures the integrity of all Federal and State Regulatory reporting related to Anti-Money Laundering/Bank Secrecy Act (AML/BSA), for 9 Las Vegas and 6 Regional properties. This individual will interact with property operational departments and provide support to Compliance Directors at other regional properties. The Director is responsible for overseeing the Title 31 Audit department, ensuring that the audit program is relevant, effective and not stagnate. The Title 31 Audit department will audit, review and analyze financial transactions to ensure that they are properly logged and reported across all lines of business, as well as look for possible suspicious activity, money laundering and/or violations of Title 31 regulations.

The Director will analyze transactions utilizing internal systems and reports, as well as external systems and tools. This role partners and communicates with departments in the organization to gather information and develop consistent practices.  The candidate will perform diverse duties to support the Financial Investigation Department / Corporate Compliance. The Director will detect and address risk factors in the AML space and develop processes to mitigate the Company's exposure. This position will be responsible for writing the internal controls as it relates to Title 31, Title 26 and respective State Gaming regulations. All duties are to be performed in accordance with departmental and MGM Resorts policies, practices and procedures.

Assist in designing and developing programs, policies, and practices to ensure that all business units are in compliance with  Federal Bank Secrecy Act (BSA) Title 31, and applicable State and Federal reporting requirements

Play an integral role with IRS Examinations and other jurisdictional regulatory examinations relating to AML/BSA Compliance and serve as a liaison.

Coordinate remedial measures in response to issues raised in examinations, audits and AML failures.

Ensure that all department monitoring, investigation, data validation, reporting and recordkeeping functions are performed.

Evaluate the adequacy and effectiveness of procedures and internal controls relating to BSA/AML and provide strategic insight and recommend enhancements to VP US Financial Compliance as needed.

Support and participate in new technology initiatives to ensure strict compliance with the Regulatory requirements and streamline processes to ensure that AML obligations are paramount to any project.

Understand the intricacies of online gaming and sports wagering and share continuous improvement strategies to mitigate the company’s risk.

Assist in initial detection of Suspicious Activity Reporting and elevates data to the Financial Investigations Department.

Collaborate with property operational departments and Compliance Directors at other regional properties.

Manage subordinate staff in the day-to-day performance of their jobs.

Performs other job-related duties as requested

Proof of eligibility to work in the United States

Bachelor's Degree

Accounting, Finance, Business, technology, or other related field

Preferred

4+ Years of Prior Relevant Experience

Compliance, Accounting, Finance, Legal, Technology, and/or Casino Operations

Required

2+ Years of Prior Relevant Experience

Audit experience

Preferred

2+ Years of Prior Relevant Experience

Management

Preferred

Extensive knowledge of policies and procedures regarding Title 31, Title 26, Regulation 22 and AML/BSA laws.             

Required

Remain informed of any applicable laws and regulations that might affect the organization's policies and implements necessary changes.

Required

Solid knowledge of casino systems and the overall function of auditing.

Strong leadership qualities, sound judgment, decision making and problem-solving skills.

Proactive management style that looks beyond problems and current practices to develop solutions to maximize the effectiveness.

Have interpersonal skills to deal effectively with all business contacts.

Professional appearance and demeanor.

Communicate effectively with all levels of staff and management across different divisions and departments.

Proficient in Report Writing.

Balancing

X

Bending

X

Carrying 10 pounds

X

5

Clear speech - simple

X

Clear speech - complex

X

Climbing

X

Distant vision

X

Driving

X

Flexibility - upper body

X

Flexibility - lower body

X

Hearing/Listening

X

Kneeling

X

Lifting 10 pounds

X

5

Near vision

X

Normal vision

X

Pushing/Pulling

X

Reaching

X

Sitting

X

Standing

X

Typing

X

40

Walking

X

Communication - verbal

X

Communication - written

X

Confined area

X

Contacts - works alone

X

Contacts - works around others

X

Contacts - works with others

X

Exposure to dust / dirt

X

Exposure to fumes / odors

X

Extreme cold

X

Extreme heat

X

Fast pace

X

Hazardous conditions - chemicals

X

Hazardous conditions - high structures

X

Hazardous conditions - high voltage

X

Indoors

X

Noise levels - low to moderate

X

Noise levels - high

X

Office conditions

X

Outdoors

X

Restricted area

X

Shifts

X

Smoke

X

Travel

X

Wet/Humid

X

Analytical

X

Clerical

X

Comprehension

X

Crisis incidents

X

Customer service

X

Decision making

X

High pressure

X

Judgment

X

Long hours

X

Math skills - advance

X

Math skills - basic

X

Organization

X

Reading - simple

X

Reading - complex

X

Repetition

X

Tight deadlines

X

Writing - simple

X

Writing - complex

X