Principal, Internal Audit

Purpose of Job

The Principal, Internal Auditor is responsible for providing a substantive contribution to the ongoing risk assessment of their assigned portfolio of business areas and timely execution of audit engagements in line with IAD‘s periodic risk-based audit plan. The role also assists the Head of Finance & Central Services Audit with business monitoring across assigned areas of responsibility, including the supervision of other team members (including guest auditors and third-party co-sourcing staff) and advisory work, as assigned by IAD leadership team and other ad hoc tasks. This position focuses on reviews (including assurance, advisory, change audits) of the EBRD’s treasury, middle- and back-office operations, finance and procurement functions, though not exclusively

Background 

The Board of Directors established the Internal Audit Department as part of its oversight role. IAD, as a third line of defence, and in accordance with the Institute of Internal Auditors International Professional Practices Framework (IPPF), provides independent and objective assurance to Executive Management and the Board of Directors on the adequacy and effectiveness of internal controls, governance and risk management processes to mitigate the EBRD’s key risks. IAD aspires to be function of excellence, valued by the Board and Management for their proactive insights and robust assurance.

Accountabilities & Responsibilities

• Identifying and assessing audit risk areas in their assigned portfolio of coverage.
• Lead or substantively contribute to the performance of audit engagements assigned, including 
  identifying key risks; devising and recommending an audit engagement plan; performing and/or 
  supervising the fieldwork within the agreed schedule; discussing areas for improvement with the 
  business and assisting in the development of feasible recommendations; and producing high quality 
  audit reports, including presentation at governance forums/board committees.
• Ensures timely and adequate validation of IAD’s issues in their assigned portfolio of coverage.
• Deliver assigned activities in a timely manner and to the required level of quality, in accordance with 
  Institute of Internal Auditors’ IPPF including related guidance and promote the correct application of 
  these pronouncements to other team members under their supervision.
• The Principal, Internal Auditor is accountable for all aspects of the product when assigned 
  supervisory responsibilities for other team members or consultants and will therefore:
  o ensure that team members/consultants adhere to agreed schedules in performing their work;
  o ensure that team members/consultants’ work is completed to the required standard, instructing 
  any re-performance, additional work or re-drafting as necessary;
  o provide timely and candid feedback to the IAD leadership team on the performance of team 
  members/consultants.
• Assist the IAD leadership team as necessary to engage staff (including guest auditors) and external 
  consultants and ensure the availability of technical skills and motivation necessary to deliver IAD’s 
  annual and strategic objectives to the highest possible professional standards.
• Develop open and constructive working relationships with stakeholders.
• Keep abreast of relevant industry and organisational developments to update risk assessments and 
  inform audit coverage as required

Knowledge, Skills, Experience & Qualifications

Academic/professional qualifications

• University degree or equivalent, preferably with a finance, risk management or business focus.
• Relevant professional qualification relating to internal auditing, such as CIA/PIA/ACCA/CPA/CFA

Experience

• Significant relevant post-qualification experience in treasury, operations and finance audits.
• Strong knowledge of investment banking products, risk management and compliance matters.

Technical and personal skills

• Demonstrable analytical and critical thinking skills.
• Able to synthesise complex data from business monitoring activities, recommend changes to risk assessments for assigned business areas and propose adjustments to IAD’s coverage accordingly.
• Strong oral and written communication skills, with the ability to adapt messages to the target audience and communicate recommendations in a clear and effective manner.
• Proven ability to engage with and influence senior stakeholders, using sound professional judgement to broker co-operation and facilitate timely delivery of activities.
• Team player, able to work effectively with others in a matrix environment.
• Efficient, persistent, self-managing and resilient in the delivery of objectives under pressure

What is it like to work at the EBRD? / About EBRD 

Our agile and innovative approach is what makes life at the EBRD a unique experience! You will be part of a pioneering and diverse international organisation, and use your talents to make a real difference to people's lives and help shape the future of the regions we invest in.  

At EBRD, our Values – Inclusiveness, Innovation, Trust, and Responsibility – are at the heart of how we work. We bring these to life through our Workplace Behaviours: listening well and speaking up, collaborating smartly, acting decisively with full commitment, and simplifying to amplify our impact. These principles shape our culture and define our success. We seek individuals who not only share these values but are also committed to embedding them in their daily work, fostering a positive and high-performing environment. 

The EBRD environment provides you with: 

• Varied, stimulating and engaging work that gives you an opportunity to interact with a wide range of experts in the financial, political, public and private sectors across the regions we invest in. 
• A working culture that embraces inclusion and celebrates diversity. Our workforce reflects a broad range of backgrounds, perspectives, and experiences, bringing fresh ideas, energy, and innovation and enhancing our ability to serve our clients, shareholders, and counterparties effectively.
• A hybrid workplace that offers flexibility to teams and individuals; that is based on trust, flexibility and connectedness. 
• An environment that places sustainability, equality and digital transformation at the heart of what we do. 
• A workplace that prioritises employee wellbeing and provides a comprehensive suite of competitive benefits. 

Diversity is one of the Bank’s core values which are at the heart of everything it does.  As such, the EBRD seeks to ensure that everyone is treated with respect and given equal opportunities and works in an inclusive environment. The EBRD encourages all qualified candidates who are nationals of the EBRD member countries to apply regardless of their racial, ethnic, religious and cultural background, gender, gender identity, sexual orientation, age, socio-economic background or disability.   

Please note, that due to the high volume of applications received, we regret to inform you that we are unable to provide detailed feedback to candidates who have not been shortlisted (for further consideration).