Description

Job Specification:

The Senior Field Officer is responsible for conducting Risk-based supervision examinations, audits, thematic studies, inspections and ongoing risk assessments of Licensees internal controls and compliance programmes. The primary objective is to prevent money laundering, terrorism financing, and proliferation through the gambling industry, while ensuring adherence to the Gambling Control Act 2021, Regulations, Policies, and other relevant laws.

The Senior Field Auditor is also responsible for conducting gambling and financial analyses of licensee records and formulating actionable sanctions/remedial actions to ensure compliance with all applicable laws, regulations and policies. The officer is required to maintain current knowledge of regulations, technical standards, policies and emerging AML/CFT/CPF trends and sanction areas

Key Responsibilities
Strategic

• Assist in developing advisories for dissemination to licensees to address particular relevant issues on emerging trends, typologies etc.
• Review and update the units’ Standard Operating Procedures.
• Providing input and guidance to support the maintenance and enhancement of the regulatory risk assessment framework, methodology and standards and updates to the Commission’s Guidance Notes in collaboration with the Supervisory Authority for AML/CFT/CPF as required.
• Contribute to the development and implementation of strategies that support minimization of money laundering activities within the gaming industry.

Operational

• Conduct onsite, offsite risk-based examinations based on prioritisation and schedule ensuring that licensees comply with the GCC’s Guidance Notes requirements and Directives.
• Prepare case files based on identified breaches of gathering evidence and providing input to the Enforcement & Investigation Division, and the Legal Division to support sanctions and/or the issuance of fixed penalties.
• Review and analyse licensees’ operational documents (Broad-based Compliance policies and Procedures Manual, Business Risk Assessments & Risk assessment methodologies) in conjunction with applicable legislations, regulations, recommendations, evidentiary records, or other material; identify important issues, similarities, and inconsistencies, etc. and make recommendations for policy manual changes and operationalisation of applicable legislation.
• Conduct research and analysis to identify suspicious activities and compliance breaches.
• Obtain and review financial records of Licensees to determine compliance with applicable legislation, regulations, processes and procedures.
• Update and maintain the compliance database and tracker, risk assessment methodology and up-to-date data for ongoing risk assessment.
• Investigate leads/reports communicated to the Commission via various entities including the Supervisory Authority, law enforcement agencies and the public.

Reporting

• Prepare reports on regulatory examinations (on and offsite), thematic studies, policies and industry surveys on regulatory effectiveness.
• Reports on necessary amendments to the GCC’s Guidance Notes to ensure compliance with relevant international standards and any required updates.

Qualifications and Experience

• Bachelor's degree or equivalent professional qualification in Business, Law, Finance, Criminal Justice, Auditing or Economics or a related field.
• Certified Anti-Money laundering Specialist (CAMS) certification such as the Association of Certified Anti-Money Laundering Specialists (ACAMS) or certification from the International Compliance Association (ICA Intl. Diploma AML) or certification in Risk Management
• Minimum of five (5) years’ investigative or AML experience in a similar position in a regulatory environment.
• IT auditing experience would be an asset.
• Understanding of Casino operations, Amusement Gaming Operations and Betting Operations would be an asset.