Senior Internal Auditor

Role Overview

Senior Internal Auditor at the Islamic Development Bank, located in Jeddah HQ, Saudi Arabia. This is a fixed-term position at Job Grade E3 within the President Complex, reporting to the Internal Audit Department, Operations Audit section.

Role Purpose

Execute IsDB's Operations audit plans to verify that operational results align with Management's plans and comply with relevant policies, procedures, and legal agreements. Identify potential risks and recommend new or improved control tools to prevent or mitigate risk impact on business results.

Key Responsibilities

Operations Audit Delivery

• Participate in preparation of the yearly Operations Audit plan and collaborate with the audit team to plan and develop operations-related audit activities.
• Participate in or lead execution of the audit plan, reviewing management processes and internal controls to assess adequacy and effectiveness for ensuring compliance with relevant policies, procedures, standards, best practices, and applicable Management plans and decisions.
• Audit IsDB operations project cycles, including programming, preparation, appraisal, supervision, and impact evaluation, to ascertain whether controls operate effectively to ensure accountability for decision-making and implementation.
• Examine and evaluate processes and internal controls in IsDB's Operations units at headquarters to verify operational results are consistent with Management's relevant plans and compliance with relevant policies, procedures, and legal agreements.
• Review and assess the effectiveness of operational activities in Regional Hubs in areas including procurement, disbursement, supervision, and other activities assigned to Sub-Regions.
• Determine whether appropriate risk management processes are in place, adequate, and effective, and recommend improvements.
• Provide recommendations to IsDB Management based on internal audit findings and discuss the impact of risk-related areas.
• Ensure preparation of concise and informative audit reports that effectively communicate findings and recommendations to relevant functions and senior management.
• Liaise with IT Audit unit to collaboratively audit auditee functions using data analytics, IT automated systems, and controls.
• Develop and maintain effective and professional working relationships with all levels of staff, including Senior Management and the Audit Committee of the Board.
• Conduct investigations of suspected internal fraud where necessary.
• Assist in special audit assignments or investigations mandated by management.

Operational Excellence

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

Qualifications & Experience

• Master's degree in any relevant discipline, OR bachelor's degree with recognized professional qualifications explicitly benchmarked as equivalent to a master's degree (mandatory).
• Professional qualifications such as CA, ACCA, ACMA, CPA, or CIA.
• Minimum 8 years of internal audit experience in multilateral financial institutions, large organizations, or audit firms.

Skills & Competencies

• 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, including Artificial Intelligence, Data Analytics, Process mining tools, and Power-BI.

Additional Information

Languages

• English: Mandatory
• Arabic: Preferred
• French: Preferred

Application Requirements

Applicants must submit the following documents

• Resume/CV
• Copy of passport
• Academic certificate

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

The Islamic Development Bank does not request payments of any kind from applicants throughout the recruitment process. The Bank does not request information on applicants' bank accounts and declines all responsibility for fraudulent publications of job posts or job offers in its name.