Director of Internal Audit
Mystic Lake Casino Hotel
Prior Lake, MN 55372
Management experience in Internal Audit of a Casino / Gaming
environment highly preferred!
Please complete an application and email to: molly.carter@mysticlake.com
Or fax to 952-233-2852
Include job title in subject line
Job Summary:
The Director of Internal Audit is responsible for the planning, oversight, execution and review of
audits to evaluate the effectiveness of internal controls of the SMSC Gaming Enterprise, and to
maintain regulatory compliance with established National Indian Gaming Commission (NIGC)
MICS, SMSC Gaming Commission MICS and Regulations , and other operational controls,
policies and procedures. Develops and reviews audit program objectives to ensure established
audit goals are met to maintain the safeguarding of assets and the conduct of operational
processes consistent with established standards. Establishes, implements, and enhances audit
programs consistent with generally accepted auditing standards and professional practices;
including the coordination of the risk and internal control assessment process. Responsible for
the professional development and training of Internal Audit staff to plan, conduct and prepare
audits in the assessment of controls for safeguarding assets and maintaining compliance.
Communicate with applicable management to address audit findings, implement
recommendations, resolve outstanding issues and recommend improved business practices.
Budget/Asset Responsibilities:
Develops annually, and monitors on a monthly basis, the budget of the Internal Audit
Department related to staffing and operating expenditures.
Job Responsibilities:
1. Manages the activities of the Internal Audit Department; including the planning,
development, completion and reporting of compliance, financial, procedural and
operational audits to assess controls and compliance with MICS, regulations, policies
and procedures.
2. Assists in the development of the annual audit plan, including the identification of special
project audits; oversees and assists in the planning and scope of each audit project and
identification of objectives; supervises the work of Internal Audit staff to ensure work is
performed in accordance with professional and Internal Audit standards.
3. Manages that assigned audits are completed in a timely and accurate manner; makes
certain that associated work papers are adequately documented and all findings are
reported; performs critical review of draft audit reports and other assignments to ensure
accuracy, clarity, conciseness and comprehensibility. Supervises on-going audits,
identifying control issues and evaluates potential corrective actions.
4. Coordinates and assists in the development and conduct of a risk assessment plan for
evaluating levels of risk, the effectiveness of controls in place to manage risk exposure,
ensure the integrity and reliability of gaming-related information and financial reporting,
safeguard assets and maintain regulatory compliance; assesses the risk of potential
program failures and recommends corrective actions.
5. Communicates audit findings, recommendations and other operational issues and
solutions to the Audit Committee and senior management. Ensures that audit reports
identify key issues, risks are communicated, and corrective actions and resolutions to
outstanding issues are completed in a timely manner.
Minimum Job Requirements:
1. Bachelor’s degree in Business Administration, Accounting, Finance or related field
2. Certified Public Accountant, Certified Internal Auditor or Certified Fraud Examiner
certification preferred
3. Five or more years experience in casino internal audit and/or relevant audit experience
in an independent accounting firm, or business entity operating in a regulated industry,
with casino gaming related operations preferred
4. Three or more years experience with internal controls, risk management, business
processes, operational auditing and/or IT security practices
5. Strong written and verbal communication skills
6. Previous management and supervisory experience required, including training and
evaluating staff
7. Proficiency in the use of word processing and spreadsheet software, Word, Excel,
Access, PowerPoint