Division Chief, Financial Investigations

Commonwealth of Massachusetts • Boston, MA

9d

About The Position

The MGC’s Financial Investigations Division performs financial background reviews of individuals and companies seeking licensure under the gaming and sports wagering regulatory environment, in accordance with Massachusetts laws and regulations. Team members review, verify, and analyze financial documents and information such as: tax returns, net worth, financial statements, financial ratios, filings submitted to regulatory agencies such as the SEC, debt-related documents, ledgers and related operational records, and contracts. Team members also conduct interviews of applicants as part of the background review process. The division staff perform these reviews as part of suitability evaluations for financial integrity, financial stability, and financial background.
Under the direction of the Director of the Investigations & Enforcement Bureau, the Division Chief of Financial Investigations is responsible for overseeing all operations of the Financial Investigations Division, including providing leadership and guidance for division staff.

Requirements

• Proven leadership and collaboration skills with the ability to effectively oversee and guide employees
• Ability to interpret advanced-level, specialized financial analysis, including the analysis of corporate structuring of entities, subsidiaries and affiliates involving complex public and privately held companies, both domestic and foreign
• Ability to identify and utilize relevant professional literature and resources
• Ability to express ideas clearly and concisely orally and in writing; and as needed, report to the Commission on matters related to the division
• Ability to prioritize regular workload, special tasks, and concurrent projects, allocating time and resources to ensure that work is completed accurately and efficiently within established timeframes
• Ability to establish and maintain effective working relationships with co-workers, licensed gaming facilities, and government officials
• Attention to detail
• Proficient with Microsoft Office applications (Outlook, Word, Excel, and PowerPoint) as well as ability to learn and utilize new applications
• Bachelor’s degree or higher in Accounting or Finance from an accredited college or university
• A professional certification of Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), Certified Internal Auditor (CIA), and/or similar is required
• At least 10 years of experience in progressively responsible regulatory, accounting, tax, and/or audit work with exposure to a wide variety of entities and situations
• Five years of supervisory experience and/or demonstrated leadership abilities in a fast-paced professional environment
• A successful candidate for this position must pass an extensive background check conducted by the Massachusetts State Police. It includes a full credit check, CORI (Criminal Offender Record Information), fingerprinting, drug test, reference checks, review of IRS Income Tax Transcripts for the last four years, and a Certificate of Good Standing from the Massachusetts Dept. of Revenue (DOR).

Nice To Haves

• Experience in a regulatory or similar type of agency is preferred

Responsibilities

• Oversee all administrative and operational functions of the Financial Investigations Division
• Build the Financial Monitoring function within the division to provide ongoing monitoring and analysis of gaming and sports wagering operations on a daily, monthly, quarterly, and annual basis. Establish, implement, and monitor divisional goals and objectives
• Identify high-risk areas that the division is exposed to, and continuously evaluate mitigating procedures in place to address risk
• Provide oversight and direction of investigative plans to ensure completeness and high quality of work
• Manage, monitor, and assess the performance and quality of work delivered by outside consultants, providing regular feedback and implementing corrective action plans as needed
• Assist and collaborate with other departments and divisions within the agency, including the Massachusetts State Police counterparts, MGC’s Licensing Division, and MGC’s office of Chief Enforcement Counsel, as well as the Sports Wagering Division, Gaming Agents Division, and Gaming Technical Compliance, as needed on any financial matters that arise
• Perform research and develop new SOPs to address the changing environment in the finance/accounting/tax fields and enhance the division’s duties and responsibilities in financial suitability and ongoing monitoring evaluations
• Review, analyze and update financial investigative protocols and procedures for the various categories of license applicants on an ongoing basis and make recommendations for improvements as needed
• Evaluate and monitor certain business transactions planned or conducted by casino/sports wagering operators for ongoing suitability analysis and re-licensure
• Review high-risk investigations reports produced by team members
• Develop and maintain relationships with other gaming regulatory agencies characterized by a high level of acceptance, integrity, cooperation, and mutual regard
• Recognize and promptly escalate potentially high-risk matters to the Director of IEB
• Complete training as necessary to stay abreast of changes in various fields, including gaming, sports wagering, financial, business, tax, and accounting
• Review written reports on financial suitability completed by Financial Investigators, as needed
• Identify needs of the division, including necessary training, staffing levels, and budget
• Assist the IEB Director in special projects, as directed

What This Job Offers

• Job Type: Full-time
• Career Level: Manager