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: www.valottery.com

Recruitment Type: General Public - G

Job Duties

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.

The Staff Auditor is:
Responsible for executing audits of our sports betting operators to ensure financial and operational integrity, accountability, efficiency and effectiveness, compliance with policies, procedures, laws, and regulations. Responsible for assessing internal controls and standard operating procedures to minimize the risk of fraud, waste, and abuse. Performs all audit functions to include reviewing financial records, performance data, and minimum internal control submissions from sports betting operators. Performs other duties as required or assigned. Executes all activities of Sports Betting Gaming Compliance Audit Department (45%):
• 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. This includes, but is not limited to, the oversight of audit functions including verifying, 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.
• Obtain responses from Sports Betting Operators related to the root cause of any audit finding and proposed remediation.
• Perform 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 Director of Audit – Gaming Compliance to effectively accomplish the mission of the Department.
• Effectively researches available data and compiles findings in response to investigative and/or administrative inquiries.
• Prepare status reports and compile 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 noncompliance.
• Performs other duties as assigned.

Minimum Qualifications

• Knowledge of Generally Accepted Auditing Standards, Generally Accepted Accounting Principles, and the COSO Internal Controls Framework.
• Familiarity with IT audit techniques and data analysis tools.
• Excellent communication (oral and written) skills.
• Ability to build effective working relationships with diverse groups of individuals.
• Proficient in desktop applications such as, but not limited to, Microsoft Word, Excel, PowerPoint, Power BI, Tableau, and audit software.
• Ability to clearly document audit findings, prepare management reports, and make logical and sound decisions in critical, complex, and changing situations.
• Ability to develop and document procedures to create an efficient and effective workflow.
• Demonstrated ability to effectively handle multiple priorities and /or competing tasks and responsibilities.
• Excellent problem solving and conflict resolution proficiencies

Additional Considerations

Bachelor’s Degree from an accredited 4-year college or university in Accounting, Finance, or related field or equivalent combination of education and experience is required. Minimum two years’ experience in audit, finance, or accounting, or Sports Betting operations is required. Sportsbetting experience is highly desirable (preferably in Internal Audit, Revenue Audit, Compliance or Operations) Certified Public Accountant (CPA) or Certified Internal Auditor (CIA) or Certified Fraud Examiner (CFE) is preferred.

Special Instructions

You will be provided a confirmation of receipt when your application and/or résumé is submitted successfully. Please refer to “Your Application” in your account to check the status of your application for this position.

Must complete Background Investigation. Valid driver’s license, with satisfactory driving history. Minimal travel throughout Virginia will be required. Travel outside of Virginia as needed. Telework eligible including work from home 2 days a week.

Contact Information

Name: Human Resources

Phone: 804-692-7200

Email: N/A

In support of the Commonwealth’s commitment to inclusion, we are encouraging individuals with disabilities to apply through the Commonwealth Alternative Hiring Process. To be considered for this opportunity, applicants will need to provide their AHP Letter (formerly COD) provided by the Department for Aging & Rehabilitative Services (DARS), or the Department for the Blind & Vision Impaired (DBVI). Service-Connected Veterans are encouraged to answer Veteran status questions and submit their disability documentation, if applicable, to DARS/DBVI to get their AHP Letter. Requesting an AHP Letter can be found at AHP Letter or by calling DARS at 800-552-5019.

Note: Applicants who received a Certificate of Disability from DARS or DBVI dated between April 1, 2022- February 29, 2024, can still use that COD as applicable documentation for the Alternative Hiring Process.