Title:  Lead Internal Auditor

OVERVIEW

JOB PURPOSE

The role is responsible for the efficient development and execution IsDB’s Operations audit plans, by reviewing the management processes, identifying any associated risks and evaluating internal controls in IsDB’s operations units to assess their adequacy and effectiveness, ascertaining compliance with relevant policies, internal controls, procedures, legal agreements and applicable Management plans / decisions.

KEY ACCOUNTABILITIES

Driving Operations Audit Activities:

• Lead and coordinate the preparation of the operations audit plan including the update of the audit universe and risk assessment.
• Lead the execution of the audit plan, review management processes, and internal controls to assess their adequacy/ effectiveness for ensuring compliance with relevant policies, internal controls, procedures, standards, best practices and applicable Management plans/ decisions, covering IsDB operations project’s cycle, disbursement including programming, preparation, appraisal, supervision, and impact evaluation, in order to ascertain whether controls operate effectively to ensure accountability for decision-making and implementation of decisions.
• Examine and evaluates processes and internal controls in IsDB’s Operations units in the headquarters (lending, trade financing, etc.) to ascertain whether operational results are consistent with the Management’s relevant plans and check compliance with relevant policies, procedures, and legal agreements.
• Liaise with IT Audit unit to collaboratively audit the auditee functions using IT automated systems and controls.
• Lead in the preparation of a concise and informative audit report to effectively communicate the findings and recommendations to IsDB’s senior management.
• Review and assesses the operational activities effectiveness in Regional Hubs in areas such as procurement, disbursement, supervision, and other activities assigned to the Sub-Regions.
• Provide advice and recommendations to the Management on significant financial and control issues that may affect the outcome of the projects by reviewing the reports of external and governmental auditors.
• Lead the preparation of a concise and informative audit report to effectively communicate the findings and recommendations to the concerned functions and senior management.
• Ensure follow-up on IsDB Management’s implementation of internal audit recommendations and Prepare reports implementation status to the President and the Audit Committee.
• Develop and maintain effective and professional working relationships with all levels of staff within IsDB, including Senior Management and Audit Committee of the Board.
• Conducts high level investigations of suspected internal fraud.
• Lead any special audit assignments or investigations mandated by the management.
• Provide necessary advisory services to institutions in IsDB Member Countries on issues related to internal audit as needed.
• Provide technical guidance and advice to the less experienced team members.

KEY ACCOUNTABILITIES

Operational Excellence:

• Ensure effective implementation and adherence to policies, procedures and controls so that all relevant procedural / professional requirements are fulfilled.
• Keep abreast of the latest developments, regulations and leading practices in the field and propose any necessary actions.
• Propose and implement process improvements to increase efficiency, effectiveness and compliance of the related business processes.

People Management:

• Provides motivational and inspirational leadership to the team members and communicates clear performance expectations.
• Coaches, mentors, develops and provides regular feedback to the team members on results at a function level, promptly addressing areas of improvement.
• Supports filling in key capability gaps of the team through capacity development and recruiting efforts.
• Acts as a role - model to communicate to the unit’s staff IDB's values and leadership competencies and provides direction and support in times of change.

ACADEMIC AND PROFESSIONAL QUALIFICATIONS

• Master's degree in Accounting/ Commerce/ Business Management or related discipline or Professional qualifications such as CA, ACCA, CPA, or CIA mandatory.
• Minimum 10 years of experience in audit or internal audit, in large organizations or audit firms, of which 3 years of managerial experience.

•  Languages: English: Mandatory l Arabic: Preferred l French: Preferred

SKILLS & NECESSARY KNOWLEDGE

• Audit operations.
• Audit methodologies and processes.
• Corporate Governance.
• Internal Control and Compliance.
• Information Systems Audit.
• Fraud and corruption detection and investigation.
• Teamwork.
• Building Relationships.
• Client Centricity and Responsiveness.
• Motivation to Learn and Share.
• Adaptability.
• Analytical thinking.
• Problem solving.
• Attention to detail.
• Computer Assisted Audit Tools and Techniques (ACL, Process mining tools, Power-BI,).
• Report Writing.
• MS Office.

ABOUT APPLICATION PROCESS

If you meet the criteria and you are enthusiastic about the role, we would welcome your application. To complete the application you would need the following document(s):

• Resume/CV
• Copy of passport
• Academic certificate
   

If you are currently an IsDB Regular staff applying for this role and get selected through the competitive selection process; your current contract type and other terms and conditions will remain unchanged.

The Islamic Development Bank (IsDB) does not ask for payments of any kind from applicants throughout the recruitment process (job application, CV review, interview meeting, and final processing of applications). In addition, the IsDB does not request information on applicants’ bank accounts. The IsDB declines all responsibility for the fraudulent publications of job posts or job offers in its name or, in general, for the fraudulent use of its name in any way whatsoever.