New York Racing Association
Director of Internal Audit
Founded in 1955, and franchised to run thoroughbred racing at New York’s three major tracks (Aqueduct Racetrack, Belmont Park, and Saratoga Race Course) through 2033, NYRA boasts a lineage that actually stretches back almost 150 years.
Currently, NYRA is seeking a Director of Internal Audit, responsible for establishing and directing the Internal Audit Team, as well as strategic long and short-term goals, policies and procedures for the Internal Audit function. The position requires being responsible for examining NYRA’s system of internal controls. The successful candidate will develop appropriate auditing strategies; measuring and evaluating the effectiveness of financial, operational, regulatory, compliance and information technology internal controls; and providing consultation relating to significant internal control risks. In this key role, the Director of Internal Audit will oversee the completion of internal audits, assist the Audit Committee as well as NYRA management so that resources are being utilized effectively and efficiently and that controls appear adequate. The successful candidate will support the Audit Committee in carrying out responsibilities; meeting the Committee’s goals and objectives as set forth in the Audit Committee Charter; and assist NYRA’s enterprise risk management (ERM) initiative by the Institute of Internal Auditors (IIA). The Director of Internal Audit will assist with appropriate activities while establishing a risk and control framework, as well as managing and developing Internal Audit Staff.
Within the first year of employment, the Director of Internal Audit will have preliminary responsibilities such as learning the Horse Racing Industry and becoming familiar with specific internal control challenges. You will oversee the execution of the balance of the current Internal audit plan; manage a team of professional internal auditors or resources provided by outside firms; provide the Audit Committee and Management with understanding of the effectiveness of internal controls in all departmental areas; and align closely with the CFO, as NYRA continues to implement efficient and effective internal controls.
The ideal candidate must have a BA/BS in Accounting and a CPA or CIA, plus 8-10 years of increasing responsibility with a public accounting firm (big four firm experience is preferred); and at least five years experience managing and directing a team of Internal Audit professionals executing a broad range of Internal Audit activities. We seek a candidate who has knowledge of practices within the Not-For-Profit industry; and a strong ability to effectively communicate with management and the Audit Committee of the Board of Directors. While NYRA is not obligated to comply with the Sarbanes Oxley Act, such compliance experience will be favorably considered, due to its applicability to efficient and effective internal control frameworks.
NYRA offers a competitive salary and benefit package and the opportunity to be part of the rich tradition that defines New York thoroughbred racing. To apply for this position, please e-mail resume and salary history to
NYRA is an Equal Opportunity Employer
Please see job description for job requirements.
Internal Number: N1300269
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