Officer - Internal Audit Department (DIA)

Position Purpose
Under the supervision of the Director, Internal Audit Department (DIA), the incumbent is responsible for executing risk-based internal audits in line with the department’s approved annual Work Program. This includes conducting advisory assignments and providing recommendations to the Director, DIA on bank-wide matters to enhance the effectiveness of risk management, control, and governance processes contributing to the achievement of the department’s mission and strategic objectives. All audit activities must adhere to the Institute of Internal Auditors’ International Professional Practices Framework and other applicable professional standards.

Key Functions and Responsibilities
Under the supervision and guidance of the Director, DIA either directly or as assigned by him, the Officer, Internal Audit shall:

• Prepare and execute risk-based audit plans to assess internal controls; the reliability and integrity of financial, managerial, and operational information and systems; operational efficiency; asset safeguarding; and compliance with applicable regulations and policies.
• Conduct advisory assignments and provide recommendations to enhance risk management, control, and governance across the Bank.
• Prepare audit reports with actionable recommendations to improve effectiveness and efficiency.
• Support the “Follow-up” process for audit recommendations from internal and external auditors and the Audit Committee; in consultation with Director, DIA assess corrective actions and assist in preparing reports for Audit Committee and Board meetings, including ad hoc reports as requested.
• Review new and revised policies and procedures from a risk and control perspective and provide recommendations to strengthen processes and mitigate risks.
• Apply appropriate audit tools and best practices in accordance with international professional auditing standards.
• Collect, analyze, and interpret data from diverse sources to support audit conclusions.
• Maintain comprehensive knowledge of Bank policies and procedures for risk assessment.
• Foster effective relationships with internal stakeholders and external partners, including auditors, consultants, and peer institutions.

Competencies:

• Professionalism: maintains a level of expertise and professional knowledge commensurate with the respective position and job description.
• Results Orientation: demonstrates ability for achieving results against an internal or external standard of excellence.
• Communication and interaction with impact: Transfers efficiently and effectively information and messages, wields effective tactics for persuasion.
• Client/stakeholder orientation – ensures appropriate service of high standard to internal and/or external customers and develops constructive and sustainable business/ customer relationships.
• Teamwork: effectively cooperates with others aiming at the achievement of team objectives.
• Cultural sensitivity/Diversity: supports and promotes an environment that holds opportunities for all, regardless of race, gender, culture and age.
• Integrity: maintains standards of objectivity, independence and discretion. Behaves ethically and in consistency with institutional core values.
• Accountability: exhibits a strong sense of responsibility for one’s work and resulting consequences.
• Innovation and change: is open to and applies novel ideas and thinking to improve processes, methods, systems or services. Accepts and adapts to changes.
• Critical thinking: clarifies goals, examines assumptions, evaluates evidence, accomplishes actions, and assesses conclusions.

Required Knowledge, Skills and Experience

• First University degree or equivalent in internal auditing, economics, accounting, or other related fields.
• Internationally recognized auditing certification, such as CIA, CISA, etc. A post-graduate degree in internal auditing or accounting may be considered in lieu of a professional certification.
• Knowledge of audit methodologies, risk management, and internal control frameworks (e.g. COSO).
• Excellent Command of English.
• Excellent working knowledge of Microsoft Office Packages, as well as other statistical and audit applications.
• Strong critical thinking and problem-solving skills.
• At least 5 years of relevant working experience in an Internal Audit Department, preferably within a financial institution, bank or in an international audit firm.

Desirable Knowledge, Skills and Experience

• Post-graduate degree or equivalent in internal auditing or accounting.
• Knowledge of a Member State language.
• Knowledge of Computer Assisted Audit techniques.
• Knowledge of SAP, including its use in financial and operational audits for data extraction, transaction tracing, and control evaluation.
• Experience in the region of the BSTDB’s operation.
• Experience in an international development financial institution.
• Professional integrity, ethics, and discretion in handling sensitive information.
• Ability to plan and organize work aligned with strategic goals.
• Detail-oriented with a strong focus on accuracy and quality.
• Rigorous analytical skills and results-oriented mindset.
• Effective communication and interpersonal skills.

For a candidate to participate in the competitive selection for this position, s/he must meet at least the following minimum requirements:

• Education: First-level University degree or equivalent in internal auditing, economics, accounting, or other related fields; or a first-level University degree in any other area followed by a Master’s degree or equivalent in the above areas.
• Professional Qualification(s): Internationally recognized auditing certification, such as CIA, CISA, etc. A post-graduate degree in internal auditing or accounting may be considered in lieu of a professional certification.
• Experience: At least 5 years of relevant working experience in an Internal Audit Department.