Senior Internal Audit Officer at the OPEC Fund for International Development

The OPEC Fund for International Development is a multilateral development finance institution established in 1976. Our 12 Member Countries are:  Algeria, Ecuador, Gabon, Indonesia, the Islamic Republic of Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, the United Arab Emirates, and the Bolivarian Republic of Venezuela.

We are recruiting to fill the position below:

Job Title: Senior Internal Audit Officer

Location: Austria
Employment type: Fixed Term Contract
Department: Internal Audit Function

Job Profile

• The Senior Internal Audit Officer supports the Chief Auditor in providing independent, objective, and insightful risk-based assurance and advice, all in accordance with the institutional strategy and framework and the OPEC Fund’s frameworks for governance, risk and control, in order to protect and enhance the value of OPEC Fund.
• The Senior Internal Audit Officer is an expert in internal audit and is responsible for supporting the successful development and implementation of the Internal Audit Function work plan.  

Duties and Responsibilities
In conjunction with Chief Auditor:
Audit: 

• Develops audit findings that include practical recommendations for improvements to policies, procedures and operating methods
• Identifies, recommends and drives implementation of improvements in department policies, procedures and auditing techniques
• Directs a comprehensive risk based audit program within the framework established by the Firm’s policies, process universe, and frequency guidelines
• Ensures annual Sarbanes-Oxley control evaluation and testing is performed in a timely, complete, and quality manner
• Leads effective integrated audits where applicable, and apply a holistic review from an operational, financial, and information technology perspective
• Provides expertise in auditing standards and performance criteria, audit requirements, and information technology skills.

Stakeholder management and engagement: 

• Participates with management by serving in an advisory role during the implementation of new systems, processes and procedures 
• Maintains a current risk profile for each line of business by working extensively with business management to identify emerging risks and industry practices, improve the risk management infrastructure, operations, and risk monitoring, and prioritize Audit efforts based on the changing risk environment
• Reviews internal audit capabilities and compliance procedures in key business areas of focus
• Proactively develops and maintains mutually beneficial relationships with business management
• Develops and maintains professional relationships with, and assist in the coordination of audit efforts with regulatory examiners/external accountants to ensure prompt and efficient completion of examinations 
• Monitors progress and resolution of outstanding issues on a periodic basis to ensure timely execution of action plans, and to ensure appropriate reporting is delivered to management and the Audit Committee
• Participates in departmental budgeting, audit planning, corporate planning, and Audit Committee reporting
• Supports the Chief Auditor, in setting clear objectives for the Audit team and monitor progress toward those objectives with a focus on high quality results and timely completion of tasks.

Policy:

• Develops audit policies, procedures, guidelines, standards and programs, as it relates to accountable business units/functions
• Enhances business knowledge by continually monitoring trends and developments affecting each line of business
• Perform other duties as may be directed by the Chief Auditor.

Qualifications and Experience

• Master’s degree in business administration, finance, controlling, accounting, law, or a related field
• A minimum of 10 years progressively responsible professional experience, preferably 5 years should have been in an international environment
• Work experience in development financial institutions is desirable
• Professional certification and/or licensing (CPA, CIA, CFE, or CISA) is required
• Other related professional certifications e.g. Certified Fraud Examiner, Certified Information Systems Auditor, Certified Information Security Manager, Chartered Financial Analyst, Certified Public Accountant, Chartered Accountant, ACCA are an advantage
• Experience of auditing for one of the “big four” audit firms is desirable
• Fluent in English. Good working knowledge of Arabic, German, French or Spanish is an added advantage.

Competencies:

• Subject Matter Knowledge - The in-depth understanding and expertise in specific fields relevant to the OPEC Fund's operations and the individual's role.
• Collaboration and Teamwork - The ability to effectively work with colleagues, stakeholders and partners to achieve shared goals.
• Communication - The ability to relay ideas, information and messages effectively and succinctly to a variety of audiences.
• Decision making - The ability to analyze information comprehensively to make well-informed decisions; assess both immediate and long-term ramifications. 
• Problem Solving Ability - The ability to identify issues adeptly, delve into root causes, and devise pragmatic solutions; demonstrate ingenuity and resourcefulness in overcoming challenges.

Application Closing Date
14th March, 2024.