Senior Internal Auditor, Jeddah HQ, Saudi Arabia

Islamic Development Bank (IsDB); Jeddah; Hybrid; SAR 446,000 - 725,000; Full time

Benefits offered by this job

Restaurant d'entreprise

Job summary

Islamic Development Bank (IsDB) seeks an experienced Operations Auditor to execute the Operations audit plan, assess internal controls, and verify compliance with policies and agreements across IsDB operations. You will participate in risk assessment, collaborate with IT Audit, and communicate findings to senior management.

Required: Master’s degree or equivalent, 8+ years internal audit experience in large institutions; professional qualifications such as CA/ACCA/CPA/CIA; fluent English; Arabic

Qualifications

• Master’s degree or bachelor’s with master-equivalent qualification is mandatory.
• Professional qualifications such as CA, ACCA, ACMA, CPA, or CIA are required.
• Minimum 8 years of internal audit experience in multilateral financial institutions or large organizations.
• Languages: English mandatory; Arabic and French preferred.

Responsibilities

• Execute IsDB’s Operations audit plans and assess internal controls for compliance.
• Collaborate with IT Audit to audit auditee functions using data analytics and IT controls.
• Provide recommendations and communicate findings to senior management and Audit Committee.
• Investigate suspected internal fraud and assist special assignments as needed.
• Develop professional relationships with staff at all levels across the organization.

Skills

Audit operations

Audit methodologies

Corporate Governance

Internal Control

Information Systems Audit

Fraud detection

Teamwork

Relationship building

Client centricity

Adaptability

Analytical thinking

Problem solving

Power BI

Data Analytics

Education

Master’s degree or equivalent

CA / ACCA / ACMA / CPA / CIA

Tools

Power BI

Process mining tools

Data Analytics

AI in Audit

Job description

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The role is responsible for executing IsDB’s Operations audit plans to ascertain that operational results are consistent with the Management’s relevant plans and in compliance with relevant policies, procedures, and legal agreements. Moreover, the role identifies potential risks and existing control tools or proposes new ones to prevent or mitigate the risk impact on the business results.

KEY ACCOUNTABILITIES

Delivering Operations Audit Activities:

• Participate in the preparation of the yearly Operations Audit plan and collaborate with the audit team to plan and develop operations related audit activities.
• Participate or 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 evaluate processes and internal controls in IsDB’s Operations units in the headquarters to ascertain whether operational results are consistent with the Management’s relevant plans and check compliance with relevant policies, procedures, and legal agreements.
• 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.
• Determine whether appropriate risk management processes are in place, adequate and effective, and recommend improvements.
• Provide recommendations to IsDB Management (based on the findings of internal audits) and discusses impact of risk related areas.
• Ensure the preparation of a concise and informative audit report to effectively communicate the findings and recommendations to the relevant functions and senior management.
• Liaise with IT Audit unit to collaboratively audit the auditee functions using data analytics, IT automated systems and controls.
• Develop and maintain effective and professional working relationships with all levels of staff within the organization, including Senior Management and Audit Committee of the Board.
• Conduct investigations of suspected internal fraud, where necessary.
• Assist in any special audit assignments or investigations mandated by the management.

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.

ACADEMIC AND PROFESSIONAL QUALIFICATIONS

• Master’s degree in any relevant discipline OR bachelor’s degree with recognized professional qualifications explicitly benchmarked as equivalent to a master’s degree, is mandatory.
• Professional qualifications such as CA, ACCA, ACMA, CPA, or CIA.
• Minimum 8 years of experience of internal audit, in multilateral financial institutions, large organizations or audit firms.
• Languages: English: Mandatory | Arabic: Preferred | 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 (including Artificial Intelligence, Data Analytics, Process mining tools, Power-BI).

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.