DraftKings, a digital sports entertainment and gaming company, has appointed Jennifer Aguiar as its new chief compliance officer. She assumes this role from Tim Dent, who will become senior vice president, regulatory operations before transitioning to a consultant role later this year, the company announced.
As chief compliance officer, Aguiar will be responsible for overseeing corporate compliance and enterprise risk management. Among other responsibilities, she will ensure DraftKings’ compliance with all U.S. and international licensing requirements related to daily fantasy sports, sports betting, and iGaming. In this role, she will report to Jason Robins, DraftKings’ co-founder, CEO and chairman.
Aguiar joined DraftKings in 2016 as head of compliance and risk. In this capacity, she led the development of the internal DraftKings compliance program from the ground up, including implementing an education and certification program for the compliance team; customer-facing employees; and the company at large, which helped to instill a uniform risk management and regulatory focus across all aspects of the business. She became vice president, compliance and risk in March 2018.
“Jennifer has been an instrumental asset to our organization, successfully navigating the company through the emergence of daily fantasy sports and the state-by-state licensing and regulatory process,” Robins said in a press release. “The compliance framework developed by Jennifer has been a critical element in positioning DraftKings to enter new states quickly following the legalization of sports betting and iGaming. She has created a culture of compliance at DraftKings and will continue to play a pivotal role in the company’s growth.”
Prior to joining DraftKings, Aguiar held compliance and risk management leadership roles at several large financial institutions, including serving as director of compliance at LendingClub and holding risk oversight roles at Citizens Bank and Capital One, according to her LinkedIn profile.