Staff Auditor - Sports Betting

Title: Staff Auditor - Sports Betting

State Role

Title:

Hiring Range: $63,776 - $83,000

Pay Band: UG

Agency: Virginia Lottery

Location: Virginia Lottery

Agency Website:

Recruitment Type: General Public - G

For more than 34 years, the Virginia Lottery has been building an amazing organization committed to growth and giving back - and having fun while doing it. Operating entirely on revenue from game sales, rather than tax dollars, the Virginia Lottery generates more than $2.0 million per day for Virginia's K-12 public schools. The Virginia Lottery also licenses and regulates casino gaming and mobile sports betting.

The Virginia Lottery, an independent state agency, is currently seeking a Staff Auditor to join its Gaming Compliance Department in its Headquarters location.

• Assists the Senior Auditor and Director of Audit – Gaming Compliance in planning and coordinating activities of the department’s audit processes, procedures, and forms to support established regulations related to Sports Betting.
• Executes all reviews and audits defined in the audit plan ensuring internal controls are compliant with regulations and minimum internal control standards are properly designed and operating effectively.
• Continually analyzes business processes, the adequacy and effectiveness of internal controls, and compliance with internal control policies and procedures approved by the Virginia Lottery Gaming Compliance Department.
• Tracks the status of all audits, forms, and any other information deemed relevant to audits and findings.
• Works closely with the Senior Auditor and Director of Audit - Gaming Compliance in the preparation and execution of the Gaming Compliance audit program based on the annual risk assessment.
• Continuously assists in the identification of business risks and provides assurance that risks are appropriately managed.
• Proactively informs the Director of Audit - Gaming Compliance of significant risks or exposures related to internal controls, compliance, and/or governance requiring prompt attention.
• Works with sports betting operators to identify improvements in the regulatory process.
• Conducts interviews with Sports Betting Operators’ personnel and performs unannounced reviews of their procedures to ensure that the operator is complying with documented minimum internal control standards.
• Performs audits to ensure tax submissions are accurate, monitors suspicious activity reports, and conducts reviews to ensure operator compliance with responsible gaming requirements.
• Maintains all records of audits, as well as other documents filed with the Virginia Lottery.
• Ensures that audits of all sports betting operators are in compliance with their minimum internal control standards and relevant regulations, including verification, sampling, reviewing, confirming, observing, examining, and reporting in assigned areas.
• Discusses audit findings and remediation plans with the Director of Audit – Gaming Compliance ensuring that reports are clear, concise, identify root causes with practical solutions, and ultimately provide value and meet compliance.
• Obtains responses from Sports Betting Operators related to the root cause of any audit finding and proposed remediation.
• Performs testing using Word, Excel and/or other audit software to prepare work papers to document audit procedures performed and support conclusions.
• Collects and analyzes data to detect deficient controls.
• Makes operational, system, or policy recommendations to the Directorydi in Gambling Compliance Audit Department to effectively accomplish the mission of the Department.
• Effectively researches available data and compiles findings in response to investigative and/or administrative inquiries.
• Prepares status reports and compiles statistical information as requested by the Leadership Team.
• Assists the Director of Audit – Gaming Compliance in planning and coordinating activities of the department’s audit processes, procedures, and forms to support established regulations for the Commonwealth’s Casino Operators.
• Develops and maintains audit objectives based on the annual risk assessment and the probability of significant errors, fraud, and…