Senior Internal Auditor, Jeddah, Saudi Arabia
Role Purpose:
The Senior Internal Auditor is capable of carrying out complex projects under moderate level of supervision. This role provides technical guidance to less experienced staff. The main purpose is conduct operational work in line with Islamic Development Bank (IDB) Group's policies and procedures.
The role provides objective assurance and independent consulting services to management pertaining to internal controls, risk management and governance processes; identifies opportunities for process improvements and value addition to organizational activities in order to safeguard the Banks financial and physical assets, whilst ensuring compliance with the Group's policies and procedures, all relevant regulations, laws, and standards.
KEY ACCOUNTABILITIES & ACTIVITIES:
Strategic & Operational Planning
- Participate in the development of the Group Internal Audit Department strategy, budget and planning process
- Provide input into the preparation of yearly audit plan
- Facilitate effective utilization of audit time budget to help complete the annual audit plan by the year end
- Contribute to identifying new opportunities and initiatives that enable the Internal Audit Department to increase its impact
- Help monitor and track the Divisions on-going performance and quality of it services and outputs, identifying and initiating actions for improvement and innovation
Audit Operations
- Execute and implement agreed audit programs by maintaining relations with audited departments in order to obtain access to their documentation, reports, systems and personnel
- Assist both Management and the Audit Committee by examining, evaluating, reporting, and recommending improvements on the adequacy and effectiveness of Management's risk processes
- Minimize the Banks exposure to risk by adopting a systematic and disciplined approach in evaluating the Group's financial, operational, and managerial processes and systems, and identify how they can be improved
- Identify and evaluate significant risk exposures in the normal course of duty
- Determine whether appropriate risk management processes are in place, adequate and effective, and recommend improvements
- Evaluate the adequacy and effectiveness of the controls to mitigate risks, encompassing IDB's governance, operations, and information systems
- Provide assurance on whether IDB Group risk management process is sufficient to protect the assets, reputation and ongoing operations of the Group
- Contribute to any special audit assignments or investigations mandated by the President
- Identify and evaluate risks in the normal course of operations
- Indentify the established objectives of a given business process, the risks to achieving these objectives, the controls to mitigate those risks, and the audit tests to ensure that such controls are in place and functioning adequately.
- Participate in audit committees by providing input from area of responsibility
- Contribute to any special audit assignments or investigations mandated by IDB top management
Audit Policies & Procedures
- Ensure an effective and efficient audit function by monitoring audit systems, processes, tools and methodologies are aligned to IDB's audit practices and global best practices
- Monitor adherence to established or recommended audit procedures, methodologies, approach and systems and takes corrective action as necessary to ensure quality
- Conduct interviews with line and executive management to determine business unit objectives, related risks, and management's risk mitigation and control monitoring activities
Knowledge Sharing & Innovation
- Provide direction and delegate tasks to junior team members, and act as mentor and provide coaching to junior team members
- Provide advice and recommendations to IDB Group Management concerning the Group's financial, operational, and managerial processes and systems to ensure minimal exposure to risk
- Advise on key issues and discusses impact of audit, legal and risk related areas
- Share internal auditing knowledge in order to contribute to the development of audit staff and continuous improvement of internal auditing methodologies, processes and services for quality assurance purposes
- Research and review reference materials and background information on risk management methodologies as a basis to assess whether or not the process used by IDB Group is appropriate and represents best practices for the industry
Reporting & Communication
- Prepare audit reports and provide recommendations for future course of action.
- Monitor the effectiveness of internal controls within the Group
- Prepare ad-hoc reports as / when required
Qualifications:
- Masters in Business Administration / Finance / Economics / Commerce / any relevant discipline
Other Information:
- Certified Chartered Accountant (CA) or (ACCA)
- Certified Public Accountant (CPA)
Note: you will be required to attach the following: 1. Resume / CV
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