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Entertainment and New Media Attorney in Las Vegas, NV

The Cosmopolitan of Las Vegas Nov 30,2017 Nov 16,2017 Location Las Vegas NV
This job is expired...

In-House

Attorney

Entertainment and New Media

Min 10 yrs required

Profile

Director, AML Compliance The candidate will help ensure that The Cosmopolitan of Las Vegas enhance, administer, and maintain an effective program that is in compliance with the Bank Secrecy Act and all of its implementing regulations. Collectively, the AML Team supports the Know-Your-Customer Program, Audit Management, CTR Reporting, Suspicious Activity Investigations / Reporting, Issue Reporting, Politically Exposed Persons Reviews, Enhanced/Due Diligence Reviews, Conducts Risk Assessments and works to continuously improve the Compliance Program. Oversees: AML/BSA Compliance Team. Serves as the BSA Compliance Officer. Serves as Chairperson of the BSA Compliance Committee. Responsible for recommending credit, cage, and collections AML policies and procedures for the Resort and Branch Offices both foreign and domestic. Build strong partnerships across the organization, working in a collaborative manner with Operations, Marketing, Surveillance, Legal and Accounting as a trusted advisor and team member. Responsible for ensuring that company assets are adequately safeguarded and that all operating policies and procedures are conducted in compliance with all Internal Controls, Federal Title 31 and Federal Title 26 in addition to all State and County laws and all GCB MICS, NACS, NRS and Regulations. Possess a passion to teach and mentor property-wide teams on AML related issues. Foster relationships with internal and external auditors, support these teams in conducting their audits and remediate all findings identified. Prepares reporting and presents for various meetings such as the BSA Compliance Committee, Board of Directors, Audit Committee Meetings, etc. Responsible for developing and maintaining an Industry-wide, best in class BSA compliance program. Participate in the American Gaming Associations BSA Working Group and contribute to the development of Best Practices and Policies / Procedures for the Gaming Industry. Responsible for overseeing AML Training programs, ensuring all applicable team members receive proper training commensurate with their duties and responsibilities and regularly updating the training program as necessary. Advising Executive Management on AML related matters. Responsible for review of operating departments written policies, procedures, and processes to determine compliance with the BSA/AML program. The completion of applicable core and, if warranted, expanded examination procedures is necessary to support the overall conclusions regarding the adequacy of the procedures supporting the BSA/AML compliance program. Identify and facilitate the communication of AML trend information to key business personnel. Responsible for pre-emptive and proactive identification of risks documented in a standard reporting format for monthly and ad hoc narratives summarizing identified and researched AML Emerging Risks. Monitor and address SAR trend and KYC issues that are identified. Participate in industry association, peer group and law enforcement or regulatory outreach programs, industry conferences, as appropriate, to gain external intelligence information related to AML and other regulatory trends, changes, proposals and actions. Decrease regulatory risk by ensuring that intelligence gleaned through the transaction monitoring, SAR reporting and investigative process exists and is communicating effectively with stakeholders. Ensure compliance, operational risk controls in accordance with regulatory standards and policies; and optimize relations with regulators by addressing any issues. Meet with Business Owners as needed regarding credit account source of funds / KYC diligence in order to reduce risk and exposure. Ensure proactive communication with collections department on wire status impacting collections such as possible reversals or source of funds concerns with regards to affiliation, etc. Alert collections of potential bad debt loss and reserve recommendations based upon source of funds concerns. Attend Credit and Collections Committee meetings and work with the teams to advise on policies and practices that drive maximum cash flow with minimal AML risk. Manages and monitors department budget and expenses. Provides input into the research, development, evaluation and implementation of new products, services, technology and processes to ensure the company maintains an effective AML Compliance Program. Creates a work environment that promotes teamwork, performance feedback, recognition, mutual respect and employee satisfaction; quality hiring, training and succession planning.

Qualification and Experience

The candidate should have Juris Doctorate (JD) or Bachelor's degree (B.A.) in Accounting, Finance, or Business Administration. Must have 10 years of BSA/AML experience, including management of a team. Experience within the Gaming/Hospitality industry is desired. Candidates should have strong technical skills, including proficiency in Microsoft Office applications. Must have ability to interact with government officials and respond in writing to inquiries, audits, etc. Ability to apply advanced mathematical concepts and create financial reports is needed. Candidate must demonstrate knowledge/capabilities in the areas of BSA/AML T31 Compliance. Should have strong oral and written communications skills. Must have the ability to write routine correspondence and to speak effectively to the public, employees and customers.

Additional info

Ref#17-0535

Company info