The Caribbean Development Bank (CDB/the Bank) is seeking to recruit an Intern, Internal Audit. The successful candidate will be based at CDBโs headquarters in St. Michael, Barbados.
THE DIVISON
The Internal Audit Division (IAD) is an independent and objective assurance and advisory function designed to enhance and protect organisational value by providing risk-based, independent, and objective assurance, advice, and insight. It assists the Bank to accomplish its strategic objectives by bringing a systematic and disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes. IAD is responsible for planning, organising, directing, and controlling a broad, comprehensive programme of auditing and consulting/advisory services.
ROLE AND RESPONSIBILITIES
The overall objective for the IAD Intern 2025 is provide an opportunity to expose prospective young professionals to on-the-job training regarding internal auditing, particularly within the multilateral development bank environment as set out below:
Internship Objectives
These objectives will help structure the internship experience, making it both rewarding and educational for the intern.
- Understanding internal audit processes - gain a comprehensive understanding of internal audit functions
- Developing analytical and critical thinking skills - by performing risk assessments and data analysis
- Learning regulatory requirements - familiarise with relevant regulatory requirements and compliance standards that impact the development financial institution.
- Hands-On Experience - participate in actual audit projects, including fieldwork, testing controls, and documenting findings.
- Using Audit Tools and Software - gain knowledge in using audit tools and software commonly used in the industry.
Internโs Role/Function
To achieve the objectives, the following functions will be essential:
- Gain a comprehensive understanding of the internal audit function, its relevance to governance, risk management and internal control and the audit cycle process including planning, execution, and reporting. This will include understanding the alignment of internal audit with the CDBโs corporate objectives and strategy, gaining knowledge of internal audit methodologies through IAD Manual and Policies, and possibly training from a recognized body such as the IIA Inc, ISACA
- Assist in completing audit engagements, performing risk assessments, data analysis, and identifying control weaknesses, anomalies and potential risks.
- Support the IAD Team in presenting engagement results to management by preparing presentations and drafting papers or reports for discussion
- Participate in the planning and possible execution of assigned tasks relating to the Consultancy โEvaluate CDBโs accountabilities relative to the SDGโs and readiness for IFRS Sustainability Disclosure Standards (Scope 1 & Scope 2) Engagement re: the SDGs and IFRS Sustainability disclosure standardsโ
- Assist in Management Action Plans (MAPs) reviews, updating and analytics
- Perform administrative tasks (as directed by the Administrative Assistant - IAD)
REPORTING REQUIREMENTS
Generally, to the Administrative Assistant, IAD, and dual reporting to Senior Audit Officers.
EDUCATION AND COMPETENCIES
โข Currently pursuing a Finance/Business-related degree (e.g. Accounting/Auditing, Business, Management, etc.) or related professional certifications (e.g. ACCA, CIA, CFE, CISA); or graduated/completed in the last 12 months.
โข Knowledge of Microsoft Office Suite with proficiency in Excel.
Required competencies:
- Communication Skills: Effective verbal and written communication skills are necessary for presenting findings, writing reports, and interacting with various departments.
- Problem-Solving Abilities: The capacity to identify issues, think critically, and develop practical solutions is vital for addressing audit findings and improving processes.
- Attention to Detail: Precision in reviewing documents, testing controls, and documenting findings ensures accuracy and reliability in audit work.
- Ethical Judgment and Integrity: A strong sense of ethics and integrity is essential for maintaining objectivity, confidentiality, and trustworthiness in the audit process.
- Computer Literacy (Excel proficiency will be an asset)
- Building professional relationships - network with professionals within the organization to build relationships and gain insights into different career paths.
- Contributing to team goals - actively contribute to the audit teamโs objectives and deliverables, demonstrating teamwork and collaboration.
LOCATION, DURATION AND TIMING
This assignment will be carried out at CDBโs Headquarters in Barbados over a 3-month period, commencing in July 2025 and ending in September 2025.
You must be a national of one of CDB's member countries.