Internal Audit Officer at ECOWAS Bank for Investment and Development (EBID)

ECOWAS Bank for Investment and Development (EBID) is an international financial institution established by the 15 Member States of the Economic Community of West African States (ECOWAS). EBID includes: Benin, Burkina Faso, Cape Verde, Cote d'Ivoire, Gambia, Ghana, Guinea, Guinea Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone and Togo.

The main objective of EBID is to contribute to the economic development of West Africa through the financing of ECOWAS and NEPAD projects and programs. The headquarters of the bank is in Lome in the Togolese Republic.

We are recruiting to fill the position below:

Job Title: Internal Audit Officer

Location: Lome, Togolese Republic
Grade: P3-1

Job Duties

• The successful candidate shall, under the supervision of the Head of Internal Audit and Norms, assist in carrying out missions in all the entities of the Bank and in preparing observations and recommendations with the objective of enhancing internal control measures.
• Provide independent and objective assessments and audit information on the Bank's financial, operational, administrative, and technical activities.
• Ensure that the internal control systems implemented by the Bank are functional and effective in
• safeguarding its assets.
• Ensure compliance with the agreements, rules, policies and procedures governing the Bank to ensure that the Bank's objectives are met; detect and prevent irregularities and fraud by conducting investigations.
• Ensure the implementation of audit recommendations and independent evaluations to address control weaknesses and advise Management appropriately.
• Participation in the development of the Audit Plan;
• Verification of the activities and of the general operations of the Institution in relation to internal control measures;
• Participation in audit missions;
• Evaluation of financial risks, counter-party risks, operational risks and non-compliance risks inherent with banking activities;
• Carrying out internal investigations supported by management proposals and recommendations; Analysis of the relevance of the internal controls in place, their effectiveness and efficiency in preventing and/or detecting errors and irregularities;
• Following up of recommendations;
• Assisting in the prevention and reduction of financial and/or operational risks;
• Drafting of periodic reports on assignments carried out for reporting to auditees and governing bodies;
• Participation in the continuous improvement of audit procedures and programs;
• Guiding, advising and directing the audit assistants in the accomplishment of their audit missions and ensure compliance with the established schedules;
• Execution of all other tasks assigned by the Head of Department.

Qualifications and Skills

• A Master's Degree from a university, business school or engineering school in audit, finance, accounting, management or any other equivalent degree;
• At least five (5) years of professional experience in an auditing or accounting firm or in the field of auditing in a financial institution;
• Ability to carry out audit in operational areas and on the accounting and financial process based on a strict methodology consistent with existing norms in the profession;
• Analytical skills, and ability to draft observation reports backed by relevant recommendations on the organisation, management procedures, information system;
• Bilingual with proficiency in at least two official ECOWAS languages (English, French or Portuguese).
• Good interpersonal skills and ability to understand complex environment and mobilizing the audited entities around the recommendations made.

Other Requirements:

• Be a national of one of the ECOWAS Member States;
• Must not be above 45 years at the time of recruitment;
• Have sound knowledge of computer tools (Word, Excel, Access and Power Point);

Application Closing Date
31st March, 2023.