Internal Audit Officer
Vacancy Number: 2301
Department/Unit: Internal Audit
Date of Issuance: September 3, 2025
Deadline of Applications: October 2, 2025
Required Languages: English
Contract Type: Fixed Term Contract
Grade: Professional
Job Category: F
Recruitment Status: International / Local*
Contract Duration: Two-year fixed term appointment, with the possibility of renewal
*Please note that the recruitment modality for professional positions (international or local) will be determined in line with the OPEC Fundโs policies and procedures, and based on the candidateโs nationality and residency status at the time of appointment.
Nationals from the Member Countries of the OPEC Fund for International Development are strongly encouraged to apply. The Member Countries are: Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, United Arab Emirates, and VenezuelaJob Profile
The Internal Audit Officer supports the Chief Auditor in providing independent, objective, and insightful risk-based assurance and advice in order to create, protect and sustain the value of the OPEC Fund. These activities are performed in alignment with the OPEC Fundโs institutional strategy and regulatory framework , and in accordance with the mandatory elements of the Institute of Internal Auditors' (IIA) International Professional Practices Framework.
The role contributes to (i) the planning, execution, reporting and delivery of assurance and advisory engagements, (ii) annual risk assessment and work program development, and (iii) key initiatives within Internal Audit Unit.
Duties and Responsibilities
Assurance and Advisory Services
Works on multiple engagements, often concurrently, in the delivery of risk-based assurance and advisory engagements across diverse business areas, including development operations, finance, corporate processes, and information technologyConducts audit planning and fieldwork, delivering high-quality assurance and advisory reports aligned with IAUโs professional practice and quality standardsDevelops risk-based audit plans, conducts interviews, performs process walkthroughs, and analyzes relevant data and informationApplies data analytics, where appropriate to enhance audit effectivenessIdentifies opportunities to strengthen governance, risk management and control processesDrafts clear findings and actionable recommendations, and monitors implementation of management responsesMaintains high quality working papers and audit reports that are thorough, accurate, and timelyMonitors, follows-up, and reports on the status of management action plans to address audit issues. Ensures that management actions have been effectively implemented or that management has formally accepted the associated risks of non-implementation
Stakeholder management and engagement
Supports the Chief Auditor in strengthening relationships with internal clients and teams and in collaborating with other internal risk and oversight units to identify opportunities for coordinated assuranceContributes to the IAUโs continuous improvement efforts and adoption of best practiceShares expertise and participates in inter-departmental task forces or working groups, as assignedSupports the Chief Auditor in fostering and sustaining partnerships with assurance functions of other development institutions, as well as humanitarian and aid organizations, as relevant
Reporting and analysis
Supports the Chief Auditor in conducting comprehensive risk assessments across the OPEC Fundโs audit and risk universe and in developing the annual work programSupports the preparation of regular reports for Senior Management and the and Audit and Risk Committee of the Governing Board
Carries out other tasks assigned by the Chief Auditor, that are related to the job function.
Qualifications and Experience
Masterโs degree in Business Administration, Finance, Controlling, Accounting, Law or a (closely) related field. A first-level university degree combined with substantial qualifying experience and relevant professional certification may be accepted in lieu of the advanced degree.Minimum of seven (7) years of relevant professional experience, including at least three (3) years in an international or multicultural environment, preferably within multilateral development banks (MDBs), international financial institutions (IFIs), or similar organizations. Relevant professional certification and/or license such as Certified Public Accountant (CPA), Certified Internal Auditor (CIA), Certified Fraud Examiner (CFE), Certified Information Systems Auditor (CISA), is requiredOther related professional certifications and/or licenses, such as Certified Information Security Manager (CISM) or Chartered Financial Analyst (CFA), are desirableProfessional audit experience with one of the Big Four accounting and auditing firms is considered an added advantageWorking knowledge of audit management systems (e.g., TeamMate) and data analytics software is considered an added advantageFluent in English. Good working knowledge of Arabic, French or Spanish is an added advantage.
Competencies
Subject Matter Knowledge - The in-depth understanding and expertise in specific fields relevant to the OPEC Fund's operations and the individual's role.Collaboration and Teamwork - The ability to effectively work with colleagues, stakeholders and partners to achieve shared goals.Effective Planning and Follow Up - The ability to set clear goals and priorities; skillfully organize tasks for efficiency; consistently follow through on commitments and plans. Problem Solving Ability - The ability to identify issues adeptly, delve into root causes, and devise pragmatic solutions; demonstrate ingenuity and resourcefulness in overcoming challenges. Sense of Responsibility - The ability to demonstrate ownership and accountability in tasks and outcomes; uphold reliability and commitment to fulfilling responsibilities.