AML Reporting Specialist

As an AML Reporting Specialist at PENN Entertainment, you will be responsible for reviewing internal reports to identify reportable transactions, preparing various recurring reports for regulators, and assisting in maintaining compliance with AML regulations. Your role will involve submitting Suspicious Transaction Reports and other necessary documentation to ensure both the company and customers comply with legal standards.

To qualify for the AML Reporting Specialist position at PENN Entertainment, candidates should have a post-secondary degree along with 1-3 years of experience in AML compliance, preferably in a gaming or financial sector environment. A strong understanding of relevant regulations, such as the Proceeds of Crime Act and guidelines from FINTRAC and FinCEN, is essential. Holding a Certified Anti-Money Laundering Specialist (CAMS) certification is highly preferred.

The main responsibilities of an AML Reporting Specialist at PENN Entertainment include reviewing daily reports to spot reportable transactions, preparing and coordinating STRs and Casino Disbursement Reports, conducting AML investigations, and serving as a custodian of company records for law enforcement requests. You will also participate in ongoing training programs to enhance your expertise in the AML field.

PENN Entertainment is committed to the career growth of its AML Reporting Specialists by offering a supportive work environment and opportunities for skill expansion through education and conference reimbursements. The company values your professional development and encourages you to explore new opportunities within the organization.

PENN Entertainment offers a competitive compensation package, including comprehensive benefits for AML Reporting Specialists. Employees enjoy a fun and relaxed work environment, alongside opportunities for assistance with educational pursuits and conference attendance. This ensures a balanced and rewarding work experience.

In answering this question, outline your previous roles related to AML compliance, particularly any relevant experiences in the gaming industry. Highlight specific projects you've worked on or regulations you've navigated, emphasizing your ability to handle complex reporting and your attention to detail.

Demonstrate your commitment to staying informed by mentioning any industry organizations, courses, or conferences you engage with. Discuss how you apply new regulations to your work at PENN Entertainment and ensure compliance through active learning and adaptation.

Mention specific AML compliance tools you've utilized, such as transaction monitoring systems or database management software. Emphasize your experience with batch reporting and F2R (FWR), and convey your familiarity with the technologies employed at PENN Entertainment.

Share a specific example of a challenge faced in AML compliance, explaining the problem, your approach to resolving it, and the outcome. This showcases your problem-solving skills and ability to manage complex situations within regulatory frameworks.

Focus on qualities such as attention to detail, analytical thinking, and excellent communication skills. Describe how these traits play a significant role in successfully navigating anti-money laundering compliance and ensuring the integrity of financial transactions at PENN Entertainment.

Discuss the steps you would take to prepare an STR, including reviewing transaction details, gathering supporting documentation, and ensuring accurate narrative writing. Comprehensively explain your process to underline your diligence and compliance commitment for the AML Reporting Specialist role.

Outline your strategies for identifying red flags in transactions, such as monitoring for patterns, inconsistencies, and utilizing risk assessment methodologies. Relate these strategies to the specific context of operating at PENN Entertainment and ensuring customer compliance.

Explain your understanding of compliance processes related to legal requests from law enforcement. Demonstrate your ability to properly handle sensitive information while interacting with regulatory authorities to stress your capability in maintaining the integrity of client records.

Express your enthusiasm for PENN Entertainment's commitment to fair gaming and innovative approaches within the industry. Convey your alignment with company values and how you believe your skills and experience can contribute to their mission, reinforcing your desire to be part of a dynamic team.

Provide a concise overview of FINTRAC, discussing how it regulates compliance in the Canadian gaming sector. Highlight the importance of maintaining accurate reporting and how the AML Reporting Specialist role at PENN Entertainment will directly contribute to fulfilling these regulatory responsibilities.