Audit Director

Job Objective

Manage all of internal audit and compliance work conducted for JCSA, and manage all activities aimed at identifying, assessing and prioritizing potential and current risks and ensure that risks are addressed in appropriate mitigation plans.

Organizational Strategy

Develop strategic and operational plans and manage the implementation of activities.

Continuously monitor the performance of team members to ensure performance deviations are identified in a timely manner, and actions are implemented to meet performance targets

Operational

• Develop the internal Audit plan including timelines, scope, frequency, and objectives aimed at ensuring processes, policies and procedures are followed and functioning successfully.






• Manage all activities related to conducting periodic financial, operational and compliance audits and provide independent appraisals/reports to the Board of Directors on significant actual or potential control weaknesses and highlight areas of concern at JCSA.






• Undertake special reviews and projects as per the Board of Directors request such as compliance activity.






• Recommend adequate solutions with respect to areas of improvement as it relates to internal control systems (financial/ operational / governance).






• Lead the preparation of the quarterly report outlining the execution of Internal Audit activities as well as the findings and recommendations of the Internal Audit and Compliance Function.






• Review the complete audit report, and ensure its adequacy to be presented and communicated to the Board of Directors.






• Develop the risk management plan, ensure its alignment with other directorates, and manage its implementation.






• Work hand in hand with all Directors to ensure that all potential risks (i.e. risks that may hinder the reputation, safety, security and financial prosperity of JCSA) are identified in a timely manner along with appropriate mitigation plans.






• Guide the team through the identification, assessment and prioritization of risks.






• Ensure all risks are documented and reported efficiently and effectively.






• Guide the development of the racing compliance framework in line with the applicable rules and regulation, to ensure full awareness of the horse racing rules and regulations by all relevant employees.






• Manage all activities aimed at ensuring that all JCSA conducted races comply with regulatory and legal requirements passed by the relevant authorities, and highlight any potential misalignment or risks associated with that.






• Ensure the completion of activities on time, within budget and with quality.






• Ensure the availability of all logistic requirements needed to carry out the directorate’s activities.






• Stay up-to-date with the latest trends and best practices related to internal audit and compliance activities, and provide advice to improve work outcomes activities.






• Policies, Procedures and Guidelines








• Develop the function’s systems, policies, processes, and procedures.






• Ensure team members’ compliance and adherence with all policies, processes, standard operating procedures so that work is carried out in a controlled and consistent manner.

Management Reporting

● Report to the board of directors on the progress of activities against the annual business plans, audit results, opportunities, challenges and issues faced, mitigations taken, etc. as required, to make an informed decision.

● Propose recommendations/alternatives basis analysis to senior-level management and provide direction on areas needing additional research or improvement

People Supervision

● Work hand in hand with the direct reports to develop their personal development plans.

● Conduct and review performance appraisals for direct reports to identify areas of development and areas of strength.

● Identify the workforce, recruitment, training and development needs to ensure the availability and readiness of competent, qualified and highly motivated staff.

● Contribute to fostering an inclusive workplace where diversity and individual differences are valued and leveraged to achieve the vision and mission of JCSA.

● Help in building a learning organization that will continue to grow, flourish and enhance the skills and abilities of employees.

Create an environment that facilitates healthy relationships among all team members.

Other Related Assignments

● Perform other related duties or assignments as directed.

Conduct business in an ethical and professional manner and uphold and adhere to JCSA’s policies and procedures.

Required Education

● Bachelor’s degree in finance, Accounting, or any other relevant field

● Certified Internal Auditor (CIA) Certificate is a plus

Required Years of Experience

● Minimum of 7-10 years of experience in a similar role, 2 years of which are in managerial role