Internal Audit Consultant (S2P)

The Green Climate Fund (GCF)—a critical element of the historic Paris Agreement—is the world’s largest climate fund mandated to support low-emission, climate-resilient development pathways. As an operating entity of the financial mechanism of the United Nations Framework Convention on Climate Change (UNFCCC), GCF contributes to the goal of keeping an average global temperature rise well below two degrees Celsius.

The Office of the Internal Auditor (OIA or Office) was established under Board Decision B.BM-2015/06 to provide internal oversight services to the Green Climate Fund. In that decision, the Board adopted the Committee of Sponsoring Organizations of the Treadway Commission (COSO) framework as the Fund’s internal control framework and the Institute of Internal Auditors (IIA) standards as the internal audit standards for the Fund.

The mandate of the Office is to assist the Executive Director and GCF Board in ensuring whether the Fund’s risk management, controls and governance processes provide reasonable assurance of the effective and economic use of resources; accuracy and reliability of the Fund’s financial and operational information; safeguarding of Fund assets; compliance with Fund decisions, policies, and guidelines; and achievement of the Fund’s programmes, plans and business objectives. The Head of the Office of the Internal Auditor (HOIA) reports directly to the Executive Director and advises the ED and the Board on significant deficiencies or issues identified during his audit assignments and recommends improvements.

The Office of the Internal Auditor seeks to engage the Internal Audit Consultant (S2P) to assist its team to carry out an audit of Organizational Culture and related tasks, duties, and responsibilities to deliver the set deliverables and provide support to OIA.

Role

OIA plans to conduct this audit of Organizational Culture as a part of OIA’s approved work plan for 2024-2027. The objective of this engagement is to assess whether GCF has adequate and effective arrangements in place in supporting the organization’s culture as a foundational element of the overall governance of GCF.

With the reporting line to HOIA, the Internal Audit Consultant will work directly with him and OIA team in performing the audit of the Organizational Culture and represent OIA throughout the audit engagement as a member of the OIA Team. The Internal Audit Consultant will mainly work remotely and jointly with the OIA team based in the GCF Headquarters in Songdo, Republic of Korea, and may be expected to travel to the GCF Headquarters for two to four weeks during the fieldwork phase. The Internal Audit Consultant would be expected to start the engagement in June 2024.

The Internal Audit Consultant will conduct the audit in accordance with the International Professional Practice Framework and Standards of the Institute of Internal Auditors.

Duties and responsibilities

The Internal Audit Consultant will be responsible for but not limited to:

• Draft and finalize the risk-based audit planning documents, including preliminary risk assessment, audit plan, audit programme including audit tests and evidence collection plan;
• Conduct the fieldwork including collection and analysis of documents and data, conduct interviews, focus groups and surveys;
• Prepare interview notes, working papers, data analysis notes, policy reviews and conclusions supporting the identification of gaps, internal control system deficiencies, or gaps with internationally recognized best practices;
• Keep effective, clear and regular communication with OIA and audit focal point, including timely communication of significant audit findings to HOIA;
• Develop conclusions and SMART recommendations, prepare the exit conference presentation;
• Draft and finalize the audit report; and
• Perform other duties, as assigned.

  Required experience and qualifications

  a) Education
  An advanced level university degree (Masters’ degree or equivalent) in business administration, finance, accounting or in a related field, supplemented with professional certification such as Certified Internal Auditor (CIA) or equivalent qualification from an accredited authority. A first-level university degree in combination with additional years of qualifying experience may be accepted in lieu of the advanced university degree.

  b) Professional experience
  For this consultancy, the essential and desirable professional experience and skills are as follows:

  Essential

• A minimum of 15 years of professional experience in internal audit, risk management and internal control-related matters;

Desirable

c) Independence and Objectivity
The Individual Consultant should be free from actual, potential, or perceived conflicts of interest that could impair (or be perceived to impair) their objectivity.

d) Languages
 Fluent reading, writing, and speaking abilities in English is essential, knowledge of another United Nations official language would be an advantage.