Financial Internal Auditor

Arab Bank for Economic Development in Africa (BADEA)

Tasks and responsibilities

Foreword

The Arab Bank for Economic Development in Africa (BADEA) is an independent international financial institution owned by eighteen (18) Arab countries, members of the League of Arab States. It is governed by the provisions of its Establishing Agreement and the principles of international law. BADEA aims at strengthening economic, financial and technical cooperation between Arab World and Sub -Saharan African countries and the embodiment of Arab-African solidarity based on equality and friendship. To achieve these objectives, BADEA was mandated to execute the following functions

Contribute to the financing of economic development of African countries.
Encourage the participation of Arab capital in African development.
Contribute to the provision of the necessary technical assistance for development in Africa

BADEA is headquartered in Riyadh, the capital of the Kingdom of Saudi Arabia

Job Purpose

Ensuring the administrative and financial performance aligns with professional standards and norms.
Conducting objective risk analysis related to accounting and control processes, assisting in its management and evaluating the effectiveness of existing control procedures.

Duties and Responsibilities

Technical Duties and Responsibilities

Participating in the preparing and implementing of annual work plan for the Internal Audit Department based on the risk matrix and register.
Determining the reliability of the accounting system and financial reports, and ensuring the financial information reflects accuracy and reality.
Reviewing and analysing financial operations to ensure compliance with the BADEA's financial policies and conducting regular reviews of various activities as per the Internal Audit Department's work plan and following up on implementing the Audit Committee’s recommendations as per the timetable proposed by the concerned department.
Evaluating the accuracy and validity of financial reports and their alignment with the accounting standards.
Monitoring the utilization of financial resources to ensure efficiency and effectiveness.
Periodically reviewing the approved internal control systems in light of updates and recommending corrective actions to enhance processes, strengthen controls, and reduce costs where possible.
Identifying financial risks and recommending actions to improve financial performance, pinpoint weaknesses within BADEA & its implications, and suggest suitable measures to mitigate risks.
Preparing comprehensive audit reports for review and validation by the Internal Audit Director.

General Duties and Responsibilities

Communicating regularly with all departments and offices within BADEA.
Liaising with the external bank auditors.

Requirements of the post

Qualifications

Bachelor’s degree in accounting, Finance, Business Administration, or its equivalent.
Master’s degree in the field is preferred.
Preferably holding a recognized professional certification (i.e. CIA).
Minimum of 6 years of work experience in technology audit or cybersecurity, preferably with at least 2 years in international financial institutions.
Fluency in both Arabic and English. Fluency in French is an advantage

Job Skills

Technical Skills

Advanced knowledge of internal audit standards and international accounting standards.
Strong planning, data analysis, and internal audit reports writing skills.
Analytical skills with the ability to prepare accurate and comprehensive reports, performance indicators, and data analysis.
Proficient in computer usage and related programs with a focus on internal audit software.
Effective consulting skills to improve financial performance.
Conflict and dispute management skills.
Good understanding of international professional auditing practices and the ability to apply them.

Personal and Behavioural Skills

Uphold integrity and confidentiality, adhering to professional transparency standards while operating and leading in a multicultural environment.
Administrative and leadership skills with the ability to work independently, and in a collaborative team spirit.
Adaptability and adherence to regulations, laws, and compliance standards.
High communication, negotiation, and interpersonal skills.
Strong organizational, coordination, and follow-up abilities.
Charismatic personality with eloquence.
Creative thinking, effective planning, team collaboration, and initiative spirit.
Ability to successfully adapt to and lead changes and promote best practices.
Self-motivation, initiative, professionalism, and commitment to continuous learning and development.
Working under pressure with flexibility.
Efficient time management and performance management.