Financial Crimes Senior Manager at DraftKings

Boston, Massachusetts, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Gaming, Sports BettingIndustries

Requirements

Bachelor’s Degree in a related field with at least 7 years of relevant experience in the Banking, Financial Services, or regulatory agency, ideally with experience in a Financial Intelligence Unit (FIU)
Minimum of 4+ years of experience preparing SARs and managing teams, with at least 3 years leading key components of an AML program
Proven ability to develop and execute strategic initiatives within Financial Crimes or fraud operations
Strong knowledge of laws and regulations related to money laundering, fraud, and terrorist financing, with the ability to apply that knowledge in risk assessment
Excellent verbal and written communication skills, with experience working cross-functionally and with external stakeholders
Basic knowledge in SQL or Snowflake is preferred
CAMS or CFE is strongly preferred

Responsibilities

Develop and manage regulatory reporting within the Financial Crimes program
Lead and be accountable for procedural enhancements and analytic tools used by the team and provide detailed reporting for leadership
Act as the point of contact for escalations from Financial Crimes specialists, business partners, stakeholders, and third parties
Continuously monitor process stability and escalate to leadership any risks and perform oversight functions
Work closely with Quality Assurance and training programs to support the onboarding, training, and development of Financial Crimes investigators
Lead successful Financial Crimes initiatives to ensure regulatory compliance and manage audit or regulatory exams
Maintain knowledge of upcoming industry risks, regulatory changes, emerging risks, and trends to pivot rapidly

Skills

AML

Fraud Investigations

Regulatory Reporting

Regulatory Compliance

Quality Assurance

Analytic Tools

Process Improvement

Training

Audit Management

Escalations Management

DraftKings

Online platform for fantasy sports and betting

About DraftKings

DraftKings operates in the online gaming and entertainment industry, focusing on daily fantasy sports, sports betting, and online casino games. Users can engage in daily fantasy sports contests for cash prizes, place bets on various sports events, and play casino games like slots, blackjack, roulette, and poker. The platform also includes a marketplace for digital collectibles, allowing users to buy, sell, and trade NFTs of celebrities. DraftKings ensures compliance with gaming regulations, providing a secure environment for its users. Unlike many competitors, DraftKings offers a diverse range of gaming options and revenue streams, attracting a wide audience of sports fans, gamblers, and digital collectors. The company's goal is to create a comprehensive and safe platform for users to enjoy various gaming activities and digital asset trading.

Boston, MassachusettsHeadquarters

2012Year Founded

$911.4MTotal Funding

IPOCompany Stage

Crypto & Web3, GamingIndustries

1,001-5,000Employees

Benefits

Performance Bonus

Company Equity

Risks

Class action lawsuit for alleged unlawful account termination could damage reputation.

Accusations of collusion with FanDuel may lead to antitrust investigations.

Sportsbook+ in New York may face regulatory scrutiny over its subscription model.

Differentiation

DraftKings offers a unique combination of fantasy sports, sports betting, and online casino games.

The company has ventured into the NFT market, expanding its digital collectibles offerings.

DraftKings ensures a secure gaming environment through compliance with gaming authorities.

Upsides

Partnership with Delta Air Lines could open new revenue streams through in-flight gaming.

Launch of Sportsbook+ in New York offers enhanced odds, attracting more subscribers.

Entry into the NFT market taps into the growing digital collectibles trend.

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