Associate Audit Officer

Job Posting Organization:
The Asian Development Bank (ADB) is a leading multilateral development bank that was established in 196

• Its mission is to foster prosperity in Asia by alleviating poverty and promoting sustainable development across the Asia-Pacific region. ADB is headquartered in Manila, Philippines, and is owned by 69 members, with 50 of them from the region. The organization employs a diverse workforce and is committed to creating an inclusive environment where everyone is treated with respect and given equal opportunities. ADB works collaboratively with its members and partners to address complex challenges, utilizing innovative financial tools and strategic partnerships to transform lives, build quality infrastructure, and safeguard the planet. ADB encourages applications from all qualified candidates, particularly women, and aims to ensure diversity in its workforce.

Job Overview:
The Associate Audit Officer position is situated within the Office of the Auditor General (OAG) at the Asian Development Bank. This role is crucial for conducting and supporting audit and advisory engagements that focus on corporate processes. The successful candidate will be responsible for preparing various audit deliverables, including Planning Memos, Risk and Control Matrices, and Audit Reports. The role requires a proactive approach to contribute to the formulation of engagement strategies and recommendations aimed at enhancing efficiency and internal controls within the organization. The Associate Audit Officer will work under the guidance of senior staff and will be expected to independently manage a variety of tasks, ensuring that audit processes are thorough and effective. This position not only involves technical auditing skills but also necessitates strong communication and teamwork abilities, as the officer will engage with various stakeholders and contribute to discussions on audit issues and management action plans.

Duties and Responsibilities:
The duties and responsibilities of the Associate Audit Officer include:

• Assurance and Advisory: - Preparing audit deliverables such as Planning Memos, Risk and Control Matrices, Kick-Off and Exit Meeting Presentations, Issue Logs, and Audit Reports. - Conducting walkthroughs and collecting data from ADB systems and client sources for analysis. - Performing fieldwork tests, documenting procedures, and summarizing results in TeamMate. - Assisting the Auditor-in-Charge by providing timely updates on assigned tasks. - Contributing to discussions regarding audit issues and proposed management action plans.
• Monitoring and Reporting: - Monitoring and reporting on the implementation status of agreed management actions resulting from audits. - Supporting continuous improvement initiatives and promoting internal audit best practices. - Participating in team discussions and contributing to the risk assessment and work program preparation. - Engaging in interdepartmental task forces as assigned to enhance collaboration and effectiveness.

Required Qualifications:
To qualify for the Associate Audit Officer position, candidates must possess a Bachelor's degree in Business Administration, Accounting, or related fields, with a preference for those who have undergone advanced training. Additionally, candidates should ideally hold a professional certification such as Certified Internal Auditor (CIA), Certified Information Systems Auditor (CISA), or Certified Public Accountant (CPA). A minimum of 5 years of relevant experience in auditing, accounting, finance, risk management, or related fields within financial institutions or large organizations is required. Experience in operations or auditing of corporate processes, including procurement, budget management, asset management, human resource management, and travel management, is preferred. Familiarity with TeamMate audit software and data analysis tools such as ACL, PowerBI, or Tableau is also advantageous. Strong communication skills, both written and verbal, are essential, along with the ability to build partnerships and work effectively in multicultural teams.

Educational Background:
Candidates must have a Bachelor's degree in Business Administration, Accounting, or a related field. Advanced training in these areas is preferred, which may include specialized courses or certifications that enhance the candidate's knowledge and skills relevant to auditing and financial management.

Experience:
The position requires at least 5 years of relevant experience in auditing, accounting, finance, risk management, or related fields. Candidates should have a proven track record of conducting various types of audits and should be familiar with the operations of corporate processes. Experience in financial institutions or large organizations is particularly valuable, as it demonstrates the ability to navigate complex financial environments and adhere to regulatory standards.

Languages:
While the job description does not specify mandatory languages, proficiency in English is essential for effective communication within the organization and with stakeholders. Additional language skills may be considered an asset, particularly those relevant to the Asia-Pacific region, as they can enhance collaboration and understanding in a multicultural work environment.

Additional Notes:
This position is a fixed-term appointment for an initial period of 3 years, with the possibility of extension for up to 2 additional years, conversion to a regular appointment, or termination at the end of the initial period based on ADB's needs and the employee's performance. The role is full-time and is based at ADB's headquarters in Manila, Philippines. ADB offers a competitive salary and a comprehensive benefits package, including retirement plans, medical and health benefits, paid leave (including parental leave), life and other insurance plans, and opportunities for staff development.