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Role Purpose:
To provide objective assurance and independent consulting services to the IDB Group pertaining to internal controls, risk management and governance processes; to provide technical guidance to less experienced staff and to identify opportunities for process improvements and value addition to organizational activities in order to safeguard the ID Group financial and physical assets, whilst ensuring compliance with the Group's policies and procedures, all relevant regulations, laws, and standards.
KEY ACCOUNTABILITY & ACTIVITIES:
Strategic & Operational Planning
* Participate in the development of the Group Internal Audit Department strategy, budget and planning process
* Provide input into the preparation of yearly Risk-Based audit plan
* Facilitate effective utilization of audit time budget to help complete the annual audit plan by the year end
* Contribute to identifying new opportunities and initiatives that enable the Internal Audit Department to increase its impact
* Help monitor and track the Divisions on-going performance and quality of it services and outputs, identifying and initiating actions for improvement and innovation.
Audit Operations
* Execute and implement agreed audit programs based on Risk Based Audit approach.
* Maintain relations with audited departments in order to obtain access to their documentation, reports, systems and personnel
* Assist both Management and the Audit Committee by examining, evaluating, reporting, and recommending improvements on the adequacy and effectiveness of Management's risk processes
* Minimize the IDB Group's exposure to risk by adopting a systematic and disciplined approach in evaluating the Group's financial, operational, and managerial processes and systems, and identify how they can be improved
* Identify and evaluate significant risk exposures in the normal course of duty
* Determine whether appropriate risk management processes are in place, adequate and effective, and recommend improvements
* Evaluate the adequacy and effectiveness of the controls to mitigate risks, encompassing IDB's governance, operations, and information systems
* Provide assurance on whether IDB Group's risk management process is sufficient to protect the assets, reputation and ongoing operations of the Group
* Contribute to any special audit assignments or investigations mandated by the President.
* Identify and evaluate risks in the normal course of operations
* Identify the established objectives of a given business process, the risks to achieving these objectives, the controls to mitigate those risks, and the audit tests to ensure that such controls are in place and functioning adequately.
* Participate in audit committees by providing input from area of responsibility
* Contribute to any special audit assignments or investigations mandated by IDB Group's top management.
Audit Policies & Procedures
* Ensure an effective and efficient audit function by monitoring audit systems, processes, tools and methodologies are aligned to IDB Group's audit practices and global best practices
* Monitor adherence to established or recommended audit procedures, methodologies, approach and systems and takes corrective action as necessary to ensure quality
* Conduct interviews with line and executive management to determine business unit objectives, related risks, and management's risk mitigation and control monitoring activities.
* Knowledge Sharing & Innovation
* Provide direction and delegate tasks to junior team members, and act as mentor and provide coaching to junior team members
* Provide advice and recommendations to IDB Group Management concerning the Group's financial, operational, and managerial processes and systems to ensure minimal exposure to risk
* Advise on key issues and discusses impact of audit, legal and risk related areas
* Share internal auditing knowledge in order to contribute to the development of audit s
Job Details
| Date Posted: | 2015-10-14 |
| Job Location: | Saudi Arabia |
| Job Role: | Administration |
| Company Industry: | Accounting/Auditing |
Preferred Candidate
| Career Level: | Mid Career |
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jobs Senior Internal Auditor - Islamic Development Bank (IDB)
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