Director, Risk and Payments Ops

BetMGM; New Jersey; Remote; USD 90,000 - 150,000; Full time

Job summary

An established industry player is seeking a dynamic Director of Risk and Payments Operations to lead their innovative team. This role involves defining strategies to enhance customer experience while ensuring compliance with gaming regulations. You will manage a multi-national team, drive operational excellence, and collaborate with various stakeholders to optimize processes. If you are passionate about risk management and have a strong background in the gaming industry, this is an exciting opportunity to make a significant impact in a rapidly evolving sector. Join a company that values teamwork and innovation, and help shape the future of online gaming.

Benefits

Medical Insurance

Dental Insurance

Vision Insurance

Life Insurance

Paid Time Off

Holidays

Commuter Benefits

Employee Resource Groups

Qualifications

• 5+ years leading Risk Management and Payment teams.
• Experience in regulated industries, preferably gaming.
• Proven leadership skills with direct and outsourced teams.

Responsibilities

• Define and drive strategy for Risk and Payments Operations.
• Lead teams to enhance customer experience and operational efficiency.
• Collaborate with stakeholders to formulate strategic plans.

Skills

Risk Management

Payment Operations

Leadership

Compliance

Data Analysis

Customer Service

KYC

AML

Education

Bachelor's Degree

Experience in Gaming/Gambling Industry

Tools

Data Reporting Tools

Risk Management Software

Job description

Director, Risk and Payments Ops

Director, Risk and Payments Ops

Apply remote type Fully Remote locations Remote, New Jersey time type Full time posted on Posted 2 Days Ago job requisition id JR100268

About Us

We are BetMGM. We are revolutionizing sports betting and online gaming in the United States. We are a partnership between two powerhouse organizations—MGM Resorts International and Entain Group. You know our name through our exciting portfolio of brands including BetMGM Sportsbook, Borgata online, Party Casino and Party Poker. We aim to bring our ideas into action and find ways to deliver the best quality in gaming platforms.

We understand that each card in the deck plays a unique role in any given hand, just as our employees each play a unique role in accomplishing our goals as a company. We strive to create a culture of empathy where our employees feel valued, heard, and comfortable bringing their authentic selves to work. We want to build a product and a workplace that reflect the communities we serve so we approach our work fearlessly, take responsibility when we get it wrong, and ante-up again. We play to win, and we are all-in together.

We were recognized as one of Glassdoor’s “Best Places to Work”.

About the Role

The Director defines and drives the overall strategy and vision for the Risk and Payments Operations groups. Through effective leadership, the Director fosters a culture of collaboration, teamwork, and innovation that continually elevates the customer experience in alignment with his/her vision. This multi-national team triages responsible gaming concerns, resolves payment inquiries, reviews cases related to Know Your Customer (KYC), Source of Funds (SOF), Anti-Money Laundering (AML) and Responsible Gaming (RG) concerns, as well as other functions that protect both our Players and our company. Our Risk and Payment Operations teams protect our customers by verifying identity, ensuring deposits and withdrawals are safe, fast, efficient, and cost-effective while simultaneously securing player accounts and, in partnership with several stakeholders, make BetMGM a place to game responsibly. This role proactively works with individuals across the organization to influence process and policy decisions, advocate for the needs of their team, and drive customer-centric interactions that exceed expectations.

What You’ll Do (Key Responsibilities):

• Define a holistic Risk & Payments Operations strategy with a view toward enterprise systems/structures, handling protocols, required tooling, and rules of engagement between/across organizational teams that aligns to your vision for the player experience for this group.
• Lead the Risk and Payment Operations teams who provide a critical service to our Players and our Company. This includes manager-level direct reports as well as several hundred indirect reports in multiple international geographies.
• Partner with key stakeholders including Customer Care, Workforce Management, QA, Training, Product, Compliance, Legal, and others to formulate strategic and tactical plans for the Risk and Payments Operations group.
• Define and manage to KPIs that assess operational and performance excellence for your teams.
• Create and manage processes and procedures around accesses on BetMGM platform and safeguard controls around the network.
• Partner with functions to assess risk regarding new bonus campaigns and provide Risk knowledge and support to the Marketing Operations teams.
• Using defined KPIs and troves of Company and Player information, make data-driven decisions to lead your business and drive operational efficiency.
• Build reporting, dashboards, and conduct data analyses as needed by the business.
• Manage Risk and Payments Operations including KYC processes and procedures and adherence to regulatory requirements while also partnering with internal stakeholders to continually optimize processes related to deposits, cashouts, chargebacks, payment disputes and recovery of funds.
• Take an active role in BetMGM strategic projects by ensuring Risk Management, Payments, requirements are contemplated.
• Manage the process of handling compliance issues by utilizing appropriate resources to investigate and resolve matters with minimal customer friction.
• Minimize potential business losses by challenging disputed transactions (e.g. liaising with the relevant Banks/Payment methods) and improving internal controls where needed.
• Provide Responsible Gaming reviews of customer accounts and ensure operational teams and the business are protected.

What You Bring to the Table (Qualifications)

• Minimum 5 years leading Risk Management and Payment teams.
• Preference given to candidates with experience in the gaming/gambling industry.
• Direct experience managing teams across multiple geographies.
• Experience managing blended direct and outsourced teams to achieve results.
• At least 5 years working in a regulated industry with a strong preference for experience in the gaming/gambling industry.
• Practical experience with various online marketing incentives.
• Knowledge and experience of AML, KYC, and SOF best practices.
• Leadership skills, proven experience of managing teams.

Who You Are (Essential Requirements)

• Be a culture-builder, leveraging the organization’s passion for serving our players and Team Members across regulated jurisdictions.
• Influencing skills are essential. BetMGM is not a command-and-control environment.
• An exceptional leader experienced in coaching and developing talent. Able to set a vision and motivate a team to reach a goal while creating a fun and productive culture.
• We continue to innovate and may not have all the systems and tools and people in place. A successful candidate will be comfortable with that level of ambiguity and thrive on the challenge of defining the tools we still need while driving the business forward as we build underlying capabilities.
• We value transparency. There is no “me” culture. Communication and collaboration across the entire team will lead to greater individual and collective success.
• Must be or become licensed through the appropriate Gaming Commission as a condition of hire and employment.

About Our Culture

Building BetMGM from the ground up takes effort, energy, and teamwork, but that’s what will make leading this industry all the more satisfying. We stay focused on our main goal with the help of these four company pillars:

• Believe in Your Game – Take your shot! There’s a freedom to explore ideas usually only start-ups are lucky enough to experience.
• Backed by the Best - With our expertise—merged with that of our world-class investors—we have the opportunity to take this business, and ourselves, farther than anyone has ever imagined.
• Do What’s Right - We operate with clarity and simplicity, always doing the right thing by our customers and each other, standing shoulder to shoulder every day.
• Hustle Hard - Our combined commitment and ambition is what drives us to create some of the most innovative products in the industry.

What We Offer

As a valued employee, we’re committed to giving you the resources and support you need. We offer Medical, Dental, Vision, Life Insurance, Commuter Benefits, Paid Time Off, Holidays, Employee Resource Groups and more!

Gaming Compliance
Candidate must comply with and support the company’s responsible gambling policies, procedures and initiatives.

This job description is not an exclusive or exhaustive list of duties a person in this position may be asked to perform from time to time.

BetMGM LLC is an Equal Opportunity/ Affirmative Action employer. We provide equal employment opportunities to all qualified employees and applicants for employment without regard to race, religion, sex, age, marital status, national origin, sexual orientation, citizenship status, veteran status, disability, or any other legally protected status. We prohibit discrimination in decisions concerning recruitment, hiring, compensation, benefits, training, termination, promotions, or any other condition of employment or career development. If your experience looks a little different from what we’ve identified and you think you’ve got what it takes, we’d love to learn more about you.

If you need assistance or accommodation with your application due to a disability, you may contact us at [e-mail].

Applicable salary ranges may differ across markets. Actual pay will be determined based on experience and other job-related factors permitted by law. The position is also eligible for an annual bonus.

#LI-REMOTE

Gaming Compliance & Licensing Requirements
As an online gaming company, BetMGM is required to comply with state gaming regulations which includes licensing obligations. Applicable employees must be licensed by at least one jurisdictional agency, although certain positions require licensing by multiple agencies. Failure to become licensed or maintain licensure with each agency as required for the role may result in termination of employment. Please note that the licensing process includes comprehensive background checks which may include a review of criminal records, financial history, and personal background verification.
In addition, candidates must comply with and support the company's responsible gambling policies, procedures and initiatives.