Senior Manager, Compliance & Risk at DraftKings

Boston, Massachusetts, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Gaming, Sports BettingIndustries

Requirements

At least 7 years of experience in compliance, risk, or audit in a regulated industry
Strong understanding of regulatory requirements and operational risk management
Experience with Governance, Risk, and Compliance (GRC) platforms
Strong analytical, problem-solving, and process-improvement skills with proven ability to simplify complex concepts for a range of audiences
Excellent attention to detail and organizational precision
Bachelor’s Degree in Business, Finance, Law, or a related field

Responsibilities

Provide advisory support on regulatory requirements and control implementation, monitoring regulatory developments and guiding the business on necessary adaptations
Draft standards, assess risk, and design control frameworks for new and existing processes
Lead issue management, including root cause analysis and remediation tracking
Maintain and enhance Governance, Risk, and Compliance (GRC) data and tooling, and support the rollout and training of new GRC systems
Deliver reporting on compliance trends and regulatory insights
Conduct risk and control assessments for critical products and functions
Support broader compliance and risk program initiatives as needed, using automation and AI to streamline operations

Skills

Key technologies and capabilities for this role

Regulatory ComplianceRisk ManagementAuditGRCControl FrameworksIssue RemediationRoot Cause AnalysisRisk AssessmentAIAutomation

Questions & Answers

Common questions about this position

What is the salary range for the Senior Manager, Compliance & Risk position?

The US base salary range for this full-time position is $143,500 - $179,300 USD, plus bonus, equity, and benefits as applicable.

Is this a remote position or does it require working from an office?

This information is not specified in the job description.

What experience and skills are required for this role?

Candidates need at least 7 years of experience in compliance, risk, or audit in a regulated industry, strong understanding of regulatory requirements and operational risk management, experience with GRC platforms, strong analytical and problem-solving skills, and a Bachelor’s Degree in Business, Finance, Law, or a related field.

What is the company culture like at DraftKings?

DraftKings teams are energized by innovation, embrace emerging technology like AI to enhance customer experiences and streamline operations, and foster a culture of accountability while shaping the future.

What makes a strong candidate for this Senior Manager role?

A strong candidate will have 7+ years in compliance, risk, or audit in regulated industries, GRC platform experience, and proven analytical skills to simplify complex concepts, along with excellent attention to detail.

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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