IDB3500 - Lead Internal Auditor, Corporate Audit

Islamic Development Bank (IsDB)


Date: 3 weeks ago
City: Jeddah
Contract type: Full time
Job Purpose

The role is responsible for developing and executing IsDB’s Corporate audit plans and takes a leading role in the execution of internal audit engagements. The job holder contributes to the Internal Audit (IA) function by identifying risks associated with business objectives and evaluating the controls in place to mitigate those risks, in order to improve the effectiveness of risk management, control, and governance processes.

Key Accountabilities

Driving Corporate Audit Activities

  • Lead and coordinate the preparation of the 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 corporate business processes including HR, Finance, Treasury, administration, corporate governance, risk management, etc., in order to ascertain whether controls operate effectively to ensure accountability for decision-making and implementation of decisions.
  • Examine and evaluate the processes and internal controls in IsDB’s corporate units, including IsDB managed funds (e.g., Waqf Fund) and assess their adequacy and effectiveness for ensuring compliance with relevant policies and procedures, agreements and applicable Management plans/decisions.
  • Liaise with the 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.
  • Provide recommendation to the IsDB Management (based on the findings of internal audits) and discusses the impact of risk-related areas.
  • Ensure follow-up on IsDB Management’s implementation of internal audit recommendations and Prepare reports on implementation status to the President and the Audit Committee.
  • Develop and maintain effective and professional working relationships with all levels of staff within the organization, including Senior Management and the Audit Committee of the Board.
  • Lead any special audit assignments or investigations mandated by the management.
  • Conduct high-level investigations of suspected internal fraud, where necessary.
  • Provide necessary advisory services to institutions in IsDB Member Countries on issues related to internal audit as needed.
  • Provide technical guidance and advice to less experienced team members.

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.
  • Professional qualifications in Audit, Accountancy, Finance, or Risk Management are strongly recommended (e.g., CA, ACCA, CPA, CIA, CFA, PRM, FRM).
  • Minimum 10 years of experience in audit or internal audit, of large financial institutions, of which 3 years of managerial/Team leading experience.
  • Preferably with internal audit experience auditing ALM, Treasury, and Risk Management processes and functions.

Skills & Necessary Knowledge

  • Audit methodologies and processes.
  • Corporate Governance.
  • Internal Control and Compliance.
  • Information Systems Audit.
  • Fraud and corruption detection.
  • 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.

Languages

  • English - Mandatory
  • Arabic - Preferred
  • French - Preferred

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

How to apply

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