ML Title 31 Compliance Specialist FT/DA $20 to $30

About the role

The Title 31 Compliance Specialist plays a critical role in ensuring the casino's compliance with Bank Secrecy Act (BSA) regulations and Anti-Money Laundering (AML) guidelines.

Responsibilities

• Examine financial transactions to ensure they comply with the Currency Transaction Report (CTR) and Suspicious Activity Report (SAR) requirements.
• Identify transactions that meet specific criteria requiring reporting to the Financial Crimes Enforcement Network (FinCEN).
• Maintain detailed records of all reviewed transactions, ensuring that documentation is accurate, complete, and readily available for potential audits or regulatory examinations.
• Ensure that all necessary forms, such as CTRs and SARs, are properly completed, filed, and retained as per regulatory guidelines.
• Monitor casino transactions and activities for any unusual patterns or behaviors that may indicate money laundering, fraud, or other illicit activities.
• Conduct thorough investigations of flagged transactions or activities to determine their legitimacy.
• Prepare SARs for upper management to file with FinCEN when necessary.
• Collect and verify customer information to ensure compliance with Customer Due Diligence (CDD) requirements.
• Continuously monitor customer transactions and relationships for any changes or inconsistencies that may require enhanced due diligence.
• Maintain updated customer records and documentation to support Customer Identification Program (CIP) and CDD processes.
• Use Know Your Customer (KYC) procedures to identify and verify the identity of casino patrons and other customers.
• Review and validate customer identification documents, such as identification cards, passports, and W9s.
• Ensure that KYC procedures are followed during customer onboarding and ongoing monitoring processes.
• Investigate and analyze the source of funds used in significant or suspicious transactions.
• Review financial statements, bank records, and other relevant documentation to verify the legitimacy of customers' income sources.
• Identify and report any discrepancies or red flags related to the source of funds, ensuring compliance with Anti-Money Laundering (AML) regulations.
• Collaborate with internal departments, such as finance, and operations, to ensure consistent application of BSA/AML policies and procedures.
• Communicate findings, recommendations, and updates to Title 31 Compliance Officer.
• Participate in internal and external audits, examinations, and reviews related to BSA/AML compliance.
• Perform other departmental duties as assigned to contribute to the overall success and efficiency of the team.

Qualifications

• A minimum of a high school diploma or GED required.
• Two (2) years of experience in finance, accounting, business administration, or five years in casino operations.
• A strong understanding of Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) regulations, guidelines, and best practices.
• Must be able to secure a license from the Gaming Regulatory Authority (GRA).
• Must follow all relevant Detailed Gaming Regulations (DGR’s).
• Mille Lacs Band Member and American Indian preference will be exercised in the hiring process.

What We Offer You

• We have a fun, energetic personality and are adventurous, creative, and open-minded.
• We strive to lead through our seven (7) values in all that we do.
• We are a career accelerator, which means developing our Associates is one of our main priorities.
• We provide a space for Associates and others to bring who they are to work and impart a sense of purpose.
• We offer a variety of competitively priced health benefits and supplemental insurances, parental leave, 401k, tuition reimbursement, birthday, and anniversary gifts.

What We Look For In a Person

• Serves and develops others by building relationships.
• Fosters an inclusive workplace where inclusion and individual differences are valued.
• Collaborates across boundaries to achieve common goals.
• Aligns organizational objectives and practices with Mille Lacs Band traditions or interests as appropriate.
• Sets direction and influences others to translate vision into action.
• Demonstrates drive for continued personal and professional growth.