Principal, Internal Auditor

Job Posting Organization:
The European Bank for Reconstruction and Development (EBRD) was established in 1991 with the mission to promote the transition to open market-oriented economies and to foster private and entrepreneurial initiative in countries from Central Europe to Central Asia. The EBRD operates in over 30 countries and employs a diverse workforce of approximately 2,000 employees. The organization focuses on sustainable development and aims to support projects that enhance the economic growth and stability of the regions it serves. The EBRD is known for its commitment to inclusiveness, innovation, trust, and responsibility, which are integral to its operations and culture.

Job Overview:
The Principal, Internal Auditor plays a crucial role in the Internal Audit Department (IAD) by contributing to the ongoing risk assessment of assigned business areas and executing audit engagements as per the periodic risk-based audit plan. This position involves assisting the Head of Finance & Central Services Audit in monitoring business operations and supervising team members, including guest auditors and third-party staff. The role encompasses a variety of audit reviews, including assurance, advisory, and change audits, particularly focusing on the EBRD’s treasury, middle- and back-office operations, finance, and procurement functions. The Principal, Internal Auditor is expected to maintain high standards of quality in audit reports and ensure compliance with the Institute of Internal Auditors’ International Professional Practices Framework (IPPF).

Duties and Responsibilities:
The Principal, Internal Auditor is responsible for identifying and assessing audit risk areas within their assigned portfolio. They will lead or contribute significantly to audit engagements, which includes identifying key risks, devising audit plans, supervising fieldwork, discussing improvement areas with business units, and producing high-quality audit reports. The role requires ensuring timely validation of IAD’s issues, delivering activities to the required quality standards, and promoting adherence to IPPF guidelines among team members. The Principal will also be accountable for the performance of team members and consultants, ensuring their work meets the required standards and providing constructive feedback. Additionally, the Principal will assist in engaging staff and external consultants, maintaining technical skills, and fostering open relationships with stakeholders. Keeping abreast of industry developments is essential for updating risk assessments and informing audit coverage.

Required Qualifications:
Candidates must possess a university degree or equivalent, preferably with a focus on finance, risk management, or business. A relevant professional qualification in internal auditing, such as CIA, PIA, ACCA, CPA, or CFA, is also required. The role demands significant post-qualification experience in treasury, operations, and finance audits, along with strong knowledge of investment banking products and compliance matters. Candidates should demonstrate analytical and critical thinking skills, with the ability to synthesize complex data and recommend changes to risk assessments. Strong oral and written communication skills are essential, as is the ability to engage with senior stakeholders effectively.

Educational Background:
The educational background required for this position includes a university degree in a relevant field such as finance, business, or risk management. Additionally, candidates should hold a professional qualification related to internal auditing, which demonstrates their expertise and commitment to the field.

Experience:
The position requires significant relevant post-qualification experience, particularly in areas related to treasury, operations, and finance audits. Candidates should have a proven track record of working in environments that demand a strong understanding of investment banking products and risk management practices. Experience in engaging with senior stakeholders and influencing decision-making processes is also crucial.

Languages:
While the job description does not specify mandatory languages, proficiency in English is likely essential given the international nature of the EBRD. Additional languages may be beneficial, particularly those relevant to the regions in which the EBRD operates, enhancing communication with diverse stakeholders.

Additional Notes:
This is a full-time position with a regular contract type. The contract length is not specified, but the posting end date for applications is set for 23rd October 202

• The EBRD promotes a hybrid workplace model, offering flexibility to employees while emphasizing a culture of trust and connectedness. The organization is committed to diversity and inclusion, encouraging applications from all qualified candidates regardless of their background. The EBRD also prioritizes employee wellbeing and offers a comprehensive suite of competitive benefits.