Summary
Islamic Development Bank (IsDB) is hiring a Senior Internal Auditor for its Operations Audit Division at its Jeddah headquarters on a fixed-term contract. The role involves planning and conducting operational audits, assessing controls and risk management, investigating suspected internal fraud, and reporting findings and recommendations to management. Applicants need a relevant master’s degree or an equivalent recognized qualification, at least 8 years of internal audit experience, and a professional qualification such as CA, ACCA, ACMA, CPA, or CIA. English is mandatory; Arabic and French are preferred.
The posting
As published on isdb.org. Pulled from the employer's site and shown as they wrote it.
OVERVIEW
Business Unit:
President Complex
Department:
Internal Audit Department
Division/Section:
Operations Audit
Country:
Saudi Arabia
Location:
Jeddah HQ
Job Grade:
E3
Contract Type:
Fixed Term
Closing Date:
20-Oct-2026
JOB PURPOSE
The role is responsible for executing IsDB’s Operations audit plans to ascertain that operational results are consistent with the Management’s relevant plans and in compliance with relevant policies, procedures, and legal agreements. Moreover, the role identifies potential risks and existing control tools or proposes new ones to prevent or mitigate the risk impact on the business results.
KEY ACCOUNTABILITIES
Delivering Operations Audit Activities:
- Participate in the preparation of the yearly Operations Audit plan and collaborate with the audit team to plan and develop operations related audit activities.
- Participate or lead the execution of the audit plan, review management processes, and internal controls to assess their adequacy/ effectiveness for ensuring compliance with relevant policies, internal controls, procedures, standards, best practices and applicable Management plans/ decisions, covering IsDB operations project’s cycle, disbursement including programming, preparation, appraisal, supervision, and impact evaluation, in order to ascertain whether controls operate effectively to ensure accountability for decision-making and implementation of decisions.
- Examine and evaluate processes and internal controls in IsDB’s Operations units in the headquarters to ascertain whether operational results are consistent with the Management’s relevant plans and check compliance with relevant policies, procedures, and legal agreements.
- Review and assesses the operational activities effectiveness in Regional Hubs in areas such as procurement, disbursement, supervision, and other
- Determine whether appropriate risk management processes are in place, adequate and effective, and recommend improvements.
- Provide recommendations to IsDB Management (based on the findings of internal audits) and discusses impact of risk related areas.
- Ensure the preparation of a concise and informative audit report to effectively communicate the findings and recommendations to the relevant functions and senior management.
- Liaise with IT Audit unit to collaboratively audit the auditee functions using data analytics, IT automated systems and controls.
- Develop and maintain effective and professional working relationships with all levels of staff within the organization, including Senior Management and Audit Committee of the Board.
- Conduct investigations of suspected internal fraud, where necessary.
- Assist in any special audit assignments or investigations mandated by the management.
KEY ACCOUNTABILITIES
Operational Excellence:
- Ensure effective implementation and adherence to policies, procedures and controls so that all relevant procedural / professional requirements are fulfilled.
- Keep abreast of the latest developments, regulations and leading practices in the field and propose any necessary actions.
- Propose and implement process improvements to increase efficiency, effectiveness and compliance of the related business processes.
ACADEMIC AND PROFESSIONAL QUALIFICATIONS
- Master’s degree in any relevant discipline OR bachelor’s degree with recognized professional qualifications explicitly benchmarked as equivalent to a master’s degree, is mandatory.
- Professional qualifications such as CA, ACCA, ACMA, CPA, or CIA.
- Minimum 8 years of experience of internal audit, in multilateral financial institutions, large organizations or audit firms.
- Languages: English: Mandatory | Arabic: Preferred | French: Preferred
SKILLS & NECESSARY KNOWLEDGE
- Audit operations.
- Audit methodologies and processes.
- Corporate Governance.
- Internal Control and Compliance.
- Information Systems Audit.
- Fraud and corruption detection and investigation.
- Teamwork.
- Building Relationships.
- Client Centricity and Responsiveness.
- Motivation to Learn and Share.
- Adaptability.
- Analytical thinking.
- Problem solving.
- Attention to detail.
- Computer Assisted Audit Tools and Techniques (including Artificial Intelligence, Data Analytics, Process mining tools, Power-BI).
ABOUT APPLICATION PROCESS
If you meet the criteria and you are enthusiastic about the role, we would welcome your application. To complete the application you would need the following document(s):
- Resume/CV
- Copy of passport
- Academic certificate
If you are currently an IsDB Regular staff applying for this role and get selected through the competitive selection process; your current contract type and other terms and conditions will remain unchanged.
The Islamic Development Bank (IsDB) does not ask for payments of any kind from applicants throughout the recruitment process (job application, CV review, interview meeting, and final processing of applications). In addition, the IsDB does not request information on applicants’ bank accounts. The IsDB declines all responsibility for the fraudulent publications of job posts or job offers in its name or, in general, for the fraudulent use of its name in any way whatsoever.