World Bank Group Context
Innovation and partnership bond the five institutions of the World Bank Group (WBG): the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA), which together form the World Bank; the International Finance Corporation (IFC); the Multilateral Investment Guarantee Agency (MIGA); and the International Centre for Settlement of Investment Disputes (ICSID). The World Bank Group is one of the world’s largest sources of funding and knowledge for developing countries. It uses financial resources and extensive experience to help poor nations reduce poverty, increase economic growth, and improve the quality of life. The World Bank Group’s work focuses on achievement of the eight Millennium Development Goals (MDGs). The goals call for eliminating poverty and achieving inclusive and sustainable globalization. The MDGs lay out a blueprint for the World Bank Group, setting its priorities and measuring its results. The World Bank is the world’s largest funder of education; the world’s largest external funder of the fight against HIV/AIDS; a leader in the fight against corruption worldwide; a strong supporter of debt relief; and the largest international financier of biodiversity, water supply, and sanitation projects.
The Internal Audit Vice Presidency (IAD) helps WBG achieve its mission by providing objective assurance and advice and influencing change that enhances governance, risk management and control processes, and by improving accountability for results. As a Vice Presidency, the unit plays an instrumental role in the governance structure of the organization. The unit is headed by the Vice President and Auditor General, who is responsible for setting the standard of excellence in delivery of audit services within WBG. The Director, Strategy & Operations supports the Vice President and Auditor General (AG) in developing and implementing a strategic vision and future state model for IAD. The Audit Managers report to the Director, who is also responsible for strengthening the quality, capacity and operational impact of IAD’s audit delivery. Within the audit delivery teams - Development Operations, Corporate Processes and Information Technology, Audit Supervisors have overall responsibility for leading and executing specific audit/advisory engagements. Audit Supervisors oversee the work of Auditors and Audit Analysts, and are mapped administratively to an Audit Manager.
The Auditor will be a core member of the audit team and will be expected to support the Audit Supervisors in the execution and delivery of audits/advisory engagements across a range of business process areas – spanning World Bank Group (WBG) operations, corporate processes, and IT business processes. The Auditor will work closely with multiple Audit Supervisors, in the course of executing IAD’s risk-based Work Program, and will report administratively to an Audit Manager, who will be responsible for mentoring, performance evaluation and overall learning and professional development.
In addition to Work Program delivery responsibilities, the role will also involve performance of other VPU wide activities and tasks, from time to time, such as supporting IAD’s Front Office Manager in specific tasks and projects.
Duties and Accountabilities:
The successful candidate has the following responsibilities:
• Supports the Audit Supervisor in planning, executing and reporting on individual engagements in IAD’s risk-based Work Program;
Internal Audit Vice Presidency - Auditor
• Works on multiple engagements, often concurrently, in the delivery of risk-based audits across a range of business process areas;
• Supports the Audit Supervisor in identification of key risk areas by performing detailed process walkthroughs and flowcharting of controls;
• Supports the development of an audit library/repository of process flow charts and key control narratives that can be leveraged for future reviews through detailed development of individual Risk and Control Matrices (RCMs) for specific engagements;
• Supports the Audit Supervisor in the timely execution of audits within the allocated time and resource budgets;
• Assists in the follow-up of open and overdue IAD issues;
• Assists in the summarization of audit issues and drafting of reports;
• Engages closely with key clients and stakeholders under the guidance of the Audit Supervisor, to successfully execute the relevant engagements; and
• Provides ongoing coaching and mentoring to Audit Analysts to support staff learning and professional growth.
• Client Orientation - Takes personal responsibility and accountability for timely response to client queries, requests or needs, working to remove obstacles that may impede execution or overall success.
• Drive for Results - Takes personal ownership and accountability to meet deadlines and achieve agreed-upon results, and has the personal organization to do so.
• Teamwork (Collaboration) and Inclusion - Collaborates with other team members and contributes productively to the team's work and output, demonstrating respect for different points of view.
• Knowledge, Learning and Communication - Actively seeks knowledge needed to complete assignments and shares knowledge with others, communicating and presenting information in a clear and organized manner.
• Business Judgment and Analytical Decision Making - Analyzes facts and data to support sound, logical decisions regarding own and others' work.
Other Selection Criteria
• Strong academic and professional credentials including an undergraduate degree, a professional qualification (i.e. Chartered Accountant, Chartered Financial Analyst, Certified Internal Auditor, Certified Public Accountant or equivalent), and preferably a graduate degree.
• A minimum of 8 years of relevant internal audit experience, preferably in financial institutions, international organizations, or similar environment. Background in the private as well as the public sector would be an asset, because the Bank Group operates in both.
• Proven track record in internal audit delivery in large, complex, multinational financial services or international organizations.
• Excellent analytical, organizational, and communications skills; ability to successfully manage high priority projects with a variety of stakeholders, and deliver high quality work.
• Comprehensive knowledge of internal audit practices and procedures and the ability to interpret and analyze complex concepts and apply these in innovative ways.
• Excellent partnering skills and stakeholder management. The successful candidate needs to successfully navigate the organization, build strong relationships, and work collaboratively with internal clients.
• Effective oral and written communications skills, with ability to effectively prepare, present and discuss findings in written and oral form to convey complex ideas in an engaging manner with clarity, diplomacy and precision. Highly proficient in English, both speaking and writing.
Internal Audit Vice Presidency - Auditor
• Unquestionable ethics and integrity.
• Proactive and innovative, with an open and collegial work style with ability to listen and integrate ideas from diverse views, create partnerships and collaborate with others.
Collectively known as the World Bank, the International Bank for Reconstruction & Development (IBRD) and its sister organization the...