Director of Compliance

Description

The Director of Compliance oversees all Compliance functions, including due diligence and broader casino regulatory responsibilities. Adherence to laws, regulations, and internal policies by developing and implementing compliance strategies, conducting risk assessments, monitoring activities, and providing training to employees for the casino. Responsible for creating and updating policies, conducting internal inspections, observations and compliance audits, investigating potential breaches, and acting as a liaison with regulatory bodies to minimize legal risks and protect the casino's reputation. This senior role requires strategic leadership, a deep understanding of industry-specific regulations, and strong communication skills to foster a culture of ethical behavior and accountability.

Targeted Salary: $150,000

Principal Duties and Responsibilities:

• Develop and Execute Compliance Strategy:
• Develop and implement the casino's comprehensive compliance strategy in accordance with the organization’s direction, ensuring alignment with its objectives and the evolving regulatory landscape.
• Comprehensive understanding of AML and ability to stabilize assets.
• Policy and Procedure Management:
• Design, develop, and update casino policies and procedures to ensure adherence to all relevant laws, regulations, and ethical standards.
• Risk Assessment and Mitigation:
• Conduct regular risk assessments to identify, analyze, and mitigate potential compliance risks and liabilities.
• Monitoring and Auditing:
• Establish and oversee a comprehensive compliance monitoring and auditing program to detect and correct non-compliance.
• Training and Education:
• Develop and deliver training programs to educate employees at all levels on compliance requirements, internal policies, and ethical conduct.
• Regulatory Liaison:
• Serve as a primary point of contact with regulatory agencies, preparing for audits and managing responses to findings.
• Incident Response:
• Lead investigations into compliance-related incidents, breaches, and potential misconduct.
• Reporting and Communication:
• Prepare regular reports for senior management and stakeholders on compliance activities, risks, and program effectiveness.
• A strong partnership with Bally’s Corporate Compliance Team.
• Fostering a Compliance Culture:
• Promote a strong culture of compliance and ethical behavior throughout the organization

Competencies:

• Ethical conduct
• Self-directed
• Strategic thinking
• Analytical thinking
• Project management
• Continuous improvement
• Lead local and remote teams
• Root cause determination and resolution
• Compliance risk assessment management
• Developing and maintaining a compliance culture
• Compliance program and control framework management
• Confident, collaborative, and outcome-based interaction with regulators and senior management

Supervisory Responsibility:

• Property Compliance team members

Work Environment:

This position operates primarily in an assigned professional office environment, with occasional onsite observations of casino activities and controls, as well as travel to company office hubs, other Company casinos, and regulatory agencies. This position entails interaction with guests, regulators, front-line team members, and senior management. This position routinely utilizes standard office equipment, including computers, phones, and photocopiers. The noise level is usually moderate to loud.

Physical Demands:

While performing the duties of this position, the employee is regularly required to see, talk, and hear. The employee is frequently required to sit or stand for extended periods; walk; use hands and fingers; handle or feel objects; and reach with hands and arms. The employee must occasionally lift and/or move objects up to 25 pounds.

Preferred Education and Experience:

• Bachelor’s degree or equivalent professional experience, with advanced degrees (e.g., a master’s degree in finance or risk management, a Juris Doctor) often preferred.
• Five plus years of experience within casino compliance.
• Five years of management experience and deep expertise in compliance within the gaming industry are essential.
• Experience within multiple gaming regulatory jurisdictions preferred.
• Preferred casino experience with opening new casino operations.

Other Duties:

• Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee for this job. Duties, obligations, and activities are subject to change at any time, with or without notice.

Skills

Required

##### Project Management

Advanced

##### Detail Oriented

Advanced

##### Critical thinking

Advanced

Behaviors

Required

##### Innovative

: Consistently introduces new ideas and demonstrates original thinking

##### Leader

: Inspires teammates to follow them

##### Dedicated

: Devoted to a task or purpose with loyalty or integrity

##### Detail Oriented

: Capable of carrying out a given task with all details necessary to get the task done well

##### Team Player

: Works well as a member of a group

Education

Required

Bachelors or better.

Preferred

Doctorate or better in Law or related field.

Masters or better in Risk Management and Insurance or related field.

Experience

Licenses & Certifications