VP Regulatory Compliance

Position Overview: We are seeking a highly experienced and strategic Vice President of Regulatory Compliance to lead our regulatory compliance efforts and manage a large and growing team of lawyers and compliance professionals. Reporting to the SVP of Legal and Regulatory, this executive role will be crucial in shaping and implementing our compliance strategy, building robust compliance programs, and managing our relationships with external regulators. The ideal candidate will have extensive experience in developing compliance frameworks, managing governance, risk, and compliance (GRC) teams, and navigating complex regulatory environments.

Key Responsibilities:

1. Compliance Program Development:
   • Oversee and improve an existing, comprehensive compliance program tailored to the sports betting/iGaming industry.
   • Continuously assess and enhance the program to address evolving regulations and industry best practices.
   • Ensure that the compliance program is effective, scalable, and integrated across all business functions.
   • Own reporting to the FBG Compliance Committee
2. Governance, Risk, and Compliance (GRC) Leadership:
   • Build from scratch a capable, influential GRC team that matures the Company's compliance safeguards
   • Develop and execute risk management strategies to identify, assess, and mitigate regulatory and operational risks.
   • Monitor and report on the effectiveness of compliance controls and risk management processes.
3. Regulatory Relations:
   • Maintain strong relationships with gaming regulatory bodies, auditors, and other external parties as needed.
   • Serve as the primary point of contact for regulatory inquiries and examinations.
   • Represent the company in discussions and negotiations with regulators to influence policy and ensure compliance with all regulatory requirements.
4. Strategic Compliance Planning:
   • Collaborate with senior leadership to align compliance strategies with the company's business objectives.
   • Provide expert guidance on regulatory changes and their impact on business operations.
   • Develop and deliver training programs to ensure that all employees are informed of compliance requirements and standards.
5. Reporting and Documentation:
   • Ensure accurate and timely reporting of compliance activities to internal stakeholders and external regulators.
   • Oversee the documentation of compliance processes, procedures, and audit trails.

Qualifications:

• Experience:
  • Minimum 10 years of experience in a compliance related capacity.
  • Proven track record of building and managing a compliance program in a highly regulated industry, preferably within gaming, financial services, or a related field.
  • Extensive experience leading a team, with a deep understanding of risk management, governance, and compliance best practices.
  • Demonstrated success in managing relationships with external regulators and navigating complex regulatory environments.
• Skills and Competencies:
  • In-depth knowledge of regulatory frameworks and ability to master gaming laws and rules.
  • Strong leadership and team management skills, with the ability to motivate and guide a diverse team.
  • Excellent communication and interpersonal skills, with the ability to effectively liaise with regulators, senior executives, and other stakeholders.
  • Analytical mindset with a strong ability to assess complex situations, identify risks, and implement effective solutions.

Launched in 2021, Fanatics Betting and Gaming is the online and retail sports betting subsidiary of Fanatics Holdings Inc., a global digital sports platform. The Fanatics Sportsbook is available to nearly 93% of the addressable online sports bettor market in the U.S. in the following states: Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Kansas, Kentucky, Maryland, Massachusetts, Michigan, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Vermont, Virginia, West Virginia and Wyoming. Fanatics Casino is currently available online in Michigan, New Jersey, Pennsylvania and West Virginia. Fanatics Betting and Gaming operates nineteen retail locations including retail sportsbooks outside of Progressive Field and Nationwide Arena and the only sportsbook inside an NFL stadium at Commanders Field. Fanatics Betting and Gaming is headquartered in New York with offices in Denver and Dublin, Ireland.