Anti-Money Laundering Compliance Officer

3 days ago

Johannesburg, Gauteng, South Africa Profession Hub Full time

We are searching for a seasoned Risk and Fraud Manager to join our team at Profession Hub in Johannesburg. This role is pivotal in safeguarding the integrity and financial well-being of our sportsbook operations.

About the Position :

The ideal candidate will be responsible for directing Fraud teams and devising strategies to minimize customer risk through the analysis of accounts and group trends, prediction of future fraud trends, and proactive implementation of prevention measures.

Main Duties :

  • Directing Fraud teams and implementing risk mitigation strategies across the Sportsbook in all markets.
  • Presenting monthly Fraud Financials to Senior Management.
  • Managing the Sports Fraud & Risk Team, which is responsible for risk mitigation across the Sportsbook in all markets.
  • Implementing bonus abuse management across all products utilizing data models to action emerging trends.
  • Escalating internal risks to the MLRO with regards to suspicious event reports / persons of interest or PEPs.
  • Ensuring all Gateways and Web wallets are correctly screened by the Risk rules engine.
  • Detecting and investigating potentially fraudulent activity through the analysis of financial transactions and data.
  • Evaluating and assessing changes to products, channels, and processes from a fraud prevention perspective.
  • Monitoring clients at an operational level and processing to proactively detect possible fraudulent activity.
  • Investigating and resolving confirmed cases of fraudulent activity.
  • Ensuring compliance with anti-money laundering (AML) and responsible gaming practices against statutory and regulatory standards defined by the National Gaming Board.
  • Staying up-to-date with software, trends, and business practices in the fraud environment and supervising the fraud process SLAs to ensure minimal breaches.
  • Amending and updating internal policies and procedures surrounding responsible gaming and anti-money laundering.
  • Identifying suspicious activity using the fraud monitoring tool, all reports, dashboards, and other systems.
  • Developing and implementing rigorous risk management processes aligned with industry best practices.
  • Utilizing advanced metrics and reporting tools to analyze betting behaviors and determine future expected value.
  • Preparing internal audits carried out by 3rd party vendors or the gaming board with risk and MLRO assessments.
  • Maintaining a secure online platform by monitoring for suspicious activity, fraudulent transactions, and signs of promotion / abuse, passing of funds, and other prohibited acts.
  • Designing, implementing, and continuously improving risk management strategies to identify, assess, and mitigate potential threats to online casinos & sportsbooks.
  • Regularly conducting risk assessments to evaluate the effectiveness of existing risk management protocols.
  • Maintaining a comprehensive understanding of the latest fraud techniques and emerging threats in the online gaming industry.
  • Profiling customers based on suspicious wagering behavior.
  • Investigating customers' betting behavior and detecting link connections between them.

Requirements :

  • Minimum of 5 years' experience in Sportsbook Fraud and Risk Management.
  • Experience in managing a team.
  • Strong analytical and problem-solving skills.
  • Proficient in MS Office and payment processing software.
  • Strong communication and interpersonal skills.
  • Knowledge of potential fraud concerns related to e-commerce.
  • Understanding of Sports Risk Management and Integrity.
  • Strong understanding of payment systems, AML, EDD regulations, and KYC procedures within the iGaming industry.

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