OVERVIEW

JOB PURPOSE

To manage and control the activities of the unit by planning, assigning and supervising the activity and work of auditors, with a goal to evaluate and contribute to the improvement of Corporate governance, Corporate risk management, and control processes using a systematic and disciplined approach. To assist in establishing policies and procedures to execute Corporate audit activity and ensure compliance with relevant policies, regulations, guidelines, auditing standards and principles.

KEY ACCOUNTABILITIES

General Responsibilities:

• Review and evaluate management 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, legal agreements and applicable Management plans/decisions.

• Review and assess the adequacy and effectiveness of the processes for ensuring accountability for decision-making and implementation of decisions.

• Review the systems of internal accounting controls maintained by IsDB to safeguard its financial and physical assets, including verifying the existence of related assets.

• Recommend to IsDB Management corrective actions (based on the findings of internal audits) to strengthen internal controls/procedures, information systems, accountability and processes for decision-making.

• Ensure follow-up on IsDB Management’s implementation of internal audit recommendations and reports each year to the President and the Audit Committee on implementation actions effectiveness.

• Attend, as required, management meetings as an observer to gain an understanding of IsDB business, projects, and risks, in accordance with the IIA standards.

• Assess observed meetings and provide the Board with an independent opinion on the alignment of IsDB strategy to achieve the Bank’s mission and vision.

• Perform internal quality assurance assessments and liaise with the external quality assurance agencies/auditors as and when required.

KEY ACCOUNTABILITIES

Leadership Responsibilities:

• Coordinate the provision of audit services to IsDB organizational units

• Provide motivational and inspirational leadership for the Division and communicate direct reports on clear performance expectations.

• Manage the performance and resources of the Division through delegation of authority, setting stretch objectives and providing regular feedback on results at a department level, promptly addressing areas of underperformance.

• Monitor and assess the skills and capabilities of the Division and determine the actions needed to increase the Division’s performance.

• Support filling in key capability gaps through capacity development and recruiting efforts.

• Coach, mentor and develop the direct reports and the top talent/high potential staff.

• Act as a role-model for the Division staff in issues related to IsDB's values and leadership competencies and provide direction and support in times of change.

ACADEMIC AND PROFESSIONAL QUALIFICATIONS

• Master’s degree in Accounting/ Commerce/ Business Management or related discipline or Professional qualifications such as CA, ACCA, CPA, or CIA mandatory.

• Minimum 10 years of experience in audit or internal audit, in large organizations or audit firms, of which 5 years of managerial experience.

• Languages: English: Mandatory l Arabic: Preferred l French: Preferred

SKILLS & NECESSARY KNOWLEDGE

• Ability to adapt to changing business circumstances to maintain effective performance of the division and direct reports.

• Able to draw actionable steps from IsDB overall strategy.

• High degree of confidentiality and protection of sensitive information.

• Ability to make impartial observation and decisions.

• Ability to maintain a rational and objective demeanor when faced with challenging situations.

• Ability to carry out performance evaluations at unit and direct report level.

• Ability to plan and prioritize tasks effectively.

• Ability to influence others using rational arguments, identify basis for compromise and reach an agreement.

• Able to identify risks and implement necessary mitigation measures.

• Consistently work to a high standard and look for ways to improve current working practices and processes for the benefit of the Bank.

• Sharia’h Compliance.

• Accounting knowledge.

• Audit Operations

• Corporate Governance

• Credit Risk Assessment and Evaluation

• Fraud and Corruption Awareness

• Internal Control and Compliance

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

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.

The Islamic Development Bank (IsDB) does not ask for payments of any kind from applicants throughout the recruitment process (job application, CV review, interview meeting, and final processing of applications). In addition, the IsDB does not request information on applicants’ bank accounts. The IsDB declines all responsibility for the fraudulent publications of job posts or job offers in its name or, in general, for the fraudulent use of its name in any way whatsoever.