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Director of AML Operations - United States/Remote

Hi, we’re Underdog!

We’re the fastest-growing sports gaming company ever.

Our mission is to build innovative games and products for American sports fans.

Founded in 2020, our team built three of today's most widely played fantasy games and successfully launched the largest contest in the history of fantasy sports: a $15M NFL Best Ball tournament -- and there’s a lot more to come! Underdog’s modern tech environment and in-house product development allow us to continuously deliver the best experiences for our users.

The opportunity in front of us to become the biggest company in our space is massive; after all, we’re currently sitting in the fastest-growing consumer industry in the U.S. In just over two years, we reached a nearly $500 million valuation through some of the best investors in the game, including Mark Cuban, Kevin Durant, BlackRock, and SV Angel. We are many times larger now and our growth is not slowing down.

At Underdog, we believe that sports are for everyone and are building a tomorrow for every fan. Want to help create that future? Join us.

About the role and why it’s unique:

As Underdog’s Director of AML Operations and Money Laundering Reporting Officer (MLRO), you will play a crucial role in ensuring the organization's compliance with relevant laws and regulations aimed at preventing and detecting money laundering and other financial crimes. Your responsibilities will include implementing and maintaining effective AML programs, conducting investigations, and collaborating with various departments to mitigate risks associated with illicit financial activities.

What you’ll do:

  • Perform the MLRO role independently, whilst maintaining stakeholder relationships.
  • Develop, implement, and maintain an effective AML program in accordance with applicable laws and regulations.
  • Ensure day to day compliance with the AML program, the BSA and its implementing regulations.
  • Being responsible for designing and carrying out AML/CTF risk assessments across the company and conducting regular analysis of the AML/CTF efforts.
  • Conduct regular risk assessments to identify potential vulnerabilities and implement necessary controls.
  • Enhance the due diligence process to improve the assessment of risk across the board.
  • Ensure compliance with KYC (Know Your Customer) and AML policies.
  • Ensure timely submission of reports to regulatory authorities as required by AML regulations.
  • Maintain accurate records of AML activities, investigations, and reports.
  • Provide AML training to employees to enhance their understanding of AML policies and procedures.
  • Stay informed about industry developments and regulatory changes to update AML programs accordingly.
  • Work closely with internal departments, such as fraud, legal, compliance, and risk management, to address AML concerns and implement effective solutions.
  • Collaborate with law enforcement and regulatory agencies when necessary.

Who you are:

  • Certification in AML (e.g., CAMS - Certified Anti-Money Laundering Specialist) is a must.
  • Bachelor's degree in finance, business, or a related field.
  • 10+ years experience in AML compliance or a similar role within the gaming/financial industry.
  • In-depth knowledge of AML laws, regulations, and industry best practices.
  • Strong analytical and investigative skills.
  • Excellent communication and interpersonal skills.
  • Suitability for licensing with various regulators

Even better if you have…

  • CFE and/or CBAP certification
  • Experience in team management and development

 

Our targeted compensation rate for this position is between $180,000 and $210,000, depending on experience, plus equity. Think your skills are exceptional and warrant higher pay? Apply anyway! If we agree, we're willing to negotiate.

This position may require sports betting licensure based on certain state regulations.

What we can offer you:

  • Unlimited PTO (we're extremely flexible with the exception of the first few weeks before & into the NFL season)
  • 16 weeks of fully paid parental leave
  • A $500 home office allowance
  • A connected virtual first culture with a highly engaged distributed workforce
  • 5% 401k match, FSA, company paid health, dental, vision plan options for employees and dependents

 

Underdog is an equal opportunity employer and doesn't discriminate on the basis of creed, race, sexual orientation, gender, age, disability status, or any other defining characteristic.


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Job Profile

Regions

North America

Countries

United States

Benefits/Perks

16 weeks of fully paid parental leave Equity FSA Home office allowance Negotiable compensation up to $210,000 Opportunity to work in a fast-growing sports gaming company Paid parental leave Unlimited PTO

Skills

AML AML compliance AML programs Communication Financial Crimes Investigation KYC Organization Regulatory Compliance Reporting Risk Assessment

Tasks
  • Collaborate with internal departments and regulatory agencies
  • Conduct risk assessments and analysis
  • Develop and maintain effective AML program
  • Enhance due diligence process
  • Ensure compliance with AML policies
  • Perform MLRO role independently
  • Provide AML training to employees
  • Stay informed about industry developments
Experience

10+ years

Education

Bachelor's degree in Finance Business degree

Certifications

CAMS - Certified Anti-Money Laundering Specialist CBAP (Certified Business Analysis Professional) CFE (Certified Fraud Examiner)

Restrictions

May require sports betting licensure May require sports betting licensure based on certain state regulations

Timezones

America/Anchorage America/Chicago America/Denver America/Los_Angeles America/New_York Pacific/Honolulu UTC-10 UTC-5 UTC-6 UTC-7 UTC-8 UTC-9