Audit Specialist - Office of Internal Audit (OIA)

Work for the IMF. Work for the World.

The International Monetary Fund (IMF) is an organization of 191 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world. The Office of Internal Audit (OIA) is an independent assurance and advisory function designed to protect and strengthen the Fund. The mission of OIA is to:

- bring a systematic and disciplined approach to assess and improve the effectiveness of the Fund’s governance, risk management processes, and internal controls; and,

- act as a consultant and catalyst for the improvement of the Fund’s business processes by advising on best practice and the development of cost-effective control solutions.

The Audit Specialist will be expected to actively support the planning and execution of risk-based audits and advisory engagements covering Business Process and Information Technology (IT) subject areas. He/she will be responsible for helping produce high impact, strategically relevant audit/advisory reports and will be required to brief OIA Management and client counterparts clearly and succinctly on the results. Staff in this role are also expected to bring their technical audit and thought-leadership capabilities to bear on OIA-wide activities such as the annual risk assessment and work plan formulation, refresh of the audit plan, and other important special projects and initiatives.

Major Duties and Responsibilities:

• Supports the delivery of complex audits and/or advisory projects covering Business Process domains or IT and leads such assignments when assigned as auditor-in-charge.

• Brings a deep understanding of risk-based audit techniques to increase the quality and impact of audit results.

• Demonstrates good project management skills in their work assignments and proposes solutions to increase team productivity.

• Completes engagements/assigned areas within the time and cost budgets allocated, while delivering high quality and value-added results at the same time.

• Effectively evaluates audit/advisory results, weighing the relevance, accuracy, and perspective of conclusions against the accumulated audit evidence.

• Communicates audit results effectively to the client by positioning the issues in the appropriate context.

• Maintains good working relationships with client counterparts and staying abreast of key developments in client departments. This includes keeping track of, and reporting on, the status of action plans to address past issues noted in OIA audits.

• Collaborates effectively with the auditor-in-charge and other team members, and effectively leverages external consultants/co-source providers to derive optimal value.

• Leads and/or actively contributes to department-wide initiatives (e.g. OIA’s annual risk assessment and work program formulation exercise).

• Proactively participates in the dissemination of knowledge and sharing of best practices within OIA, with clients, and at professional fora outside the IMF.

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Minimum Qualifications

• Educational development, typically acquired by the completion of an advanced university degree, or equivalent, in business, accounting, economics, finance, information technology, law, communications, organizational development, or a related field, or a professional certification either as an Accountant (CPA or international equivalent) or as an Auditor (CIA or CISA), supplemented by a minimum of four (4) years of relevant work experience, is required. Alternatively, a minimum of two (2) years of experience in a related position at Grade A10, or equivalent, is required.

• At least one professional certification in internal auditing, IT-auditing, risk management, or IT security, for example, Certified Internal Auditor (CIA) or Certified Public Accountant (CPA), Certified Information Systems Auditor (CISA), or Certified information Systems Security Professional (CISSP).

• Professional experience – audit or equivalent experience in assessing Information Technology (IT) OR Business Process risks and controls.

• A strong drive for results demonstrated through the timely and effective completion of assigned tasks and engagements.

• Ability to multi-task efficiently and execute assignments effectively under time constraints.

• Diplomatic and partnership skills; and an ability to build/maintain strong collaborative relationships.

• Sound independent judgment demonstrated through clear and concise documentation of audit results.

• Ability to draw conclusions, formulate and express recommendations appropriate in view of the audit work performed and consistent with documented findings in a clear, concise and constructive manner, both orally and in writing.

• Ability to write clear, concise, and well-structured audit reports.

• Strong attention to detail and organizational skills.

Preferred Qualifications

• Previous relevant work experience in the Big Four firms OR other auditing and consulting firms.

• Previous relevant work experience in other International Financial Institutions (IFIs).

• A sound understanding of audit standards, risk management methodologies, and a track record of bringing to bear such knowledge in the execution of risk-based audits.

• Prior experience with data analytics or data visualization.

A regular staff member who is selected to fill the vacancy will maintain their open-ended status. If the selected candidate is a contractual employee,  they will be offered a Term staff appointment. Staff members already on a term appointment will continue their current term but may receive an extension provided that their current term appointment has not already been extended. 

All applicants are expected to include a Statement of Interest as an attachment to the application, which may be used in the screening process for this vacancy.

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The IMF is guided by the principle that the employment, classification, promotion, and assignment of staff shall be made without discrimination against any person. We welcome requests for reasonable accommodations for disabilities during the selection process. Information on how to request accommodations will be provided during the application process.