Senior Internal Auditor

About the Role

The Islamic Development Bank (IsDB) is seeking a Senior Internal Auditor for a contract position in Jeddah. This role is responsible for executing IsDB’s Operations audit plans to ensure that operational results align with Management’s plans and comply with relevant policies, procedures, and legal agreements. The Senior Internal Auditor will also identify potential risks, evaluate existing control tools, and propose new ones to prevent or mitigate risk impact on business results.

Key Responsibilities

• Participate in the preparation of the yearly Operations Audit plan and collaborate with the audit team to plan and develop operations-related audit activities.
• Lead or participate in the execution of the audit plan, reviewing management processes and internal controls to assess their adequacy and effectiveness.
• Ensure 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.
• 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 ensure operational results are consistent with Management’s relevant plans and comply with relevant policies, procedures, and legal agreements.
• Review and assess the effectiveness of operational activities in Regional Hubs in areas such as procurement, disbursement, and supervision.
• 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 the preparation of a concise and informative audit report to effectively communicate findings and recommendations to relevant functions and senior management.
• Liaise with the 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 any special audit assignments or investigations mandated by management.

Operational Excellence

• Ensure effective implementation and adherence to policies, procedures, and controls to fulfill all relevant procedural/professional requirements.
• 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 the efficiency, effectiveness, and compliance of related business processes.

Experience Required

Candidates should possess 8-10 years of relevant experience in internal audit, particularly within operations.

Work Type and Location

This is a contract position based in Jeddah.