Executive Auditor

We improve lives

The Inter-American Development Bank Group (IDB Group) is the leading source of financing and knowledge for development in Latin America and the Caribbean. Comprising the Inter-American Development Bank (IDB or Bank), the Inter-American Investment Corporation (IDB Invest), and the Multilateral Investment Fund (IDB Lab or MIF), we align public-sector action, private investment, and entrepreneurial innovation to drive results across sectors. By strengthening economies and societies, we improve lives in the region and contribute to global solutions.

The IDB Group is a community of diverse, versatile, and passionate people who come together on a journey to improve lives in Latin America and the Caribbean. Our people find purpose and do what they love in an inclusive, collaborative, agile, and rewarding environment.

About the Office of the Executive Auditor

The Office of the Executive Auditor (AUG) fulfills the internal audit function of the IDB Group. The purpose of the internal audit function is to strengthen the ability to create, protect, and sustain value by providing the Board of Executive Directors (Board) and Management with independent, risk-based, and objective assurance, advice, insight, and foresight.

AUG, as the internal audit function, helps enhance:
• The successful achievement of the organization’s objectives
• Governance, risk management, and control processes
• Decision-making and oversight
• The organization’s reputation and credibility with its stakeholders

AUG operates under the supervision of the Executive Auditor, who has a dual reporting relationship to the President and to the Board of Executive Directors through its Audit Committee. AUG also provides internal audit services to IDB Invest and IDB Lab in accordance with service level agreements authorized by their respective governing authorities.

What you’ll do

The Executive Auditor is responsible for:

a) Develop, implement, and periodically review a comprehensive internal audit strategy that supports the organization’s strategic objectives and aligns with the expectations of the Board, senior management, and key stakeholders.

b) Prepare and submit the annual risk-based internal audit plan, including significant changes, for review and approval by the President and the Board of Executive Directors (via the Audit Committee or the corresponding governing authorities for IDB Invest and IDB Lab), ensuring the plan is developed using a robust risk assessment methodology and provides adequate coverage of the organization’s activities, programs, and systems.

c) Implementing the approved internal audit plan, as well as reviewing and adjusting it, as necessary, in response to emerging risks or changes in the IDB’s business, activities, organization, operations, programs, information systems and controls.

d) Communicating periodically on the sufficiency of AUG’s resources and its progress against the approved audit plan

e) Ensuring that all engagements are professionally implemented by qualified, appropriately assigned, and adequately supervised resources.

f) Communicating balanced results of engagements to appropriate parties, including significant or pervasive deficiencies, successful practices identified, and recommendations for improvement or corrective action plans if warranted.

g) leading a multicultural and multinational Office comprised of auditors, support staff and contractual employees. The Executive Auditor is responsible for maintaining a professional audit staff and/or access to external specialists with appropriate knowledge, skills, experience, and professional certifications to meet the requirements of the AUG Charter.

h) Maintaining a quality assurance and continuous improvement program that covers all aspects of AUG activities, and ensures that its activities conform with the International Standards for the Professional Practice of Internal Auditing.

i) Communicating periodically with the President and meeting regularly with the Audit Committees of the IDB and IDB Invest, as well as with the Donors Committee of IDB Lab, to provide information that will assist in the proper discharge of their responsibilities

j) Confirming organizational independence annually and reporting any impairments or conflicts of interest to the President and Audit Committee.

k) Appraising the adequacy and timeliness of corrective actions developed by management to address reported deficiencies or weaknesses in governance, risk management, or internal controls and communicating with appropriate management and staff on the status of corrective action plans until deficiencies or weaknesses have been satisfactorily resolved.

l) Informing the President and the Audit Committee of the risks assumed by management, not planning or taking timely corrective action, and providing follow-up reports on the status of corrective actions.

m) Providing support in investigative processes at the request of the President and, when appropriate, in coordination or consultation with the Office of Institutional Integrity and the Office of Ethics, in accordance with their respective established procedures.

n) Annually assessing whether the AUG Charter continues to reflect the requirements outlined in the Institute of Internal Auditors' International Professional Practices Framework (IPPF) and recommending changes as necessary to the President and Audit Committee.

What you'll need

• Education: Masters degree (or equivalent) in business administration, finance or another relevant field is required. Active Certified Internal Auditor or Certified Public Accountant or other related certifications (ACA, CFA, CISA, CRMA or similar) is strongly preferred.
• Experience: The successful candidate must be a recognized expert with excellent stature and standing in the field and in the relevant professional communities, as demonstrated by a proven track record of 15+ years of experience managing and delivering best practice internal audit services in large, complex multinational or international organizations.
• Professional skills required: Comprehensive knowledge of auditing practices, extensive understanding of financial, operational, technology-related as well as other emerging risks. Demonstrated working knowledge of international auditing standards and generally accepted accounting standards in the US.
• Comprehensive management/leadership skills: Proven team management skills with track record of building successful teams with strong client services orientation (preferably in a matrix structure). Experience motivating individuals, developing employees, assigning authority and accountabilities, monitoring results, and addressing issues in an effective and appropriate manner.
• Languages: Fluency in English and proficiency in Spanish is required. Command of another official Bank language (French and/or Portuguese) is considered an asset.

Key skills

Executive and managerial track:
-Mentor and develop
-Promote Diversity, Equity, Inclusion, and Belonging
-Build Lean and Versatile teams
-Lead change and transformation
-Create Partnerships

Requirements

Citizenship: You are a citizen of one of our 48-member countries. We may offer assistance with relocation and visa applications for you and your eligible dependents).

Consanguinity: You have no family members (up to fourth degree of consanguinity and second degree of affinity, including spouse) working at the IDB, IDB Invest, or IDB Lab.

Type of contract and duration: International staff contract. The Executive Auditor’s appointment shall be for a fixed term of 5 years, with the possibility of being considered for reappointment for
a second and final 5-year term. The functions to be carried out will be limited to performing the position of Executive Auditor. After service as Executive Auditor, the individual will not be eligible for employment in the IDB Group in any capacity.

Please note that for this position, the final candidates will be required to successfully pass a background check to the satisfaction of the IDB Group, as a pre-employment condition, which will be conducted by third parties.

What we offer

The IDB Group provides benefits that respond to the different needs and moments of an employee’s life. These benefits include:
-A competitive compensation package, including an annual base salary expressed on a net-of-tax basis.
-Leaves and vacations: 24 days of paid time off + 8 personal days + sick leave + gender-neutral parental leave.
-Health Insurance: IDB Group provides employees and eligible dependents with a robust medical benefits program that covers medical, dental, vision, preventive care, and prescription drugs.
-Pension plan: defined benefit pension plan that provides financial security and support employees in planning for their future.
-We offer assistance with relocation and visa applications for you and your family when it applies.
-Hybrid and flexible work schedules.
-Health and well-being: Access to our Health Services Center that provides preventive care and health education for employees.
-Development support: We offer tools to boost your professional profile, such as mentoring, 1:1 professional counseling, training and learning opportunities, language classes, mobility options, among others.
-Other perks (country specific): Lactation Room, Daycare Center, Gym, Bike Racks, Parking, spouse career support, and others.

Our culture

At the IDB, we work so everyone brings their best and authentic selves to work while finding their purpose. Our people consistently strive for excellence, and we recognize and celebrate the impact of their contributions.

In our efforts to drive innovation, we intentionally include all voices, cultivate a sense of belonging and champion fairness. We welcome individuals from underrepresented groups to join us and share their unique perspectives.

We ensure that individuals with disabilities are provided reasonable accommodations to participate in the job interview process. If you require an accommodation to complete this application, please email us at.

Our Human Resources Team carefully reviews every application.