Audit Supervisor, Corporate Processes and Finance

Do you want to build a career that is truly worthwhile? Working at the World Bank Group provides a unique opportunity for you to help our clients solve their greatest development challenges. The World Bank Group is one of the largest sources of funding and knowledge for developing countries; a unique global partnership of five institutions dedicated to ending extreme poverty, increasing shared prosperity and promoting sustainable development. With 189 member countries and more than 130 offices worldwide, we work with public and private sector partners, investing in groundbreaking projects and using data, research, and technology to develop solutions to the most urgent global challenges. For more information, please visit www.worldbank.org

Join the Group Internal Audit (GIA) team, and you will have opportunities to take risks, challenge the status quo, and shape the future by supporting the WBG mission for the greater good. We are looking for people who can think innovatively, are enthusiastic, and enjoy working in teams. If selected, you will be assigned to one of the below-mentioned teams.

ABOUT GROUP INTERNAL AUDIT (GIA)

If you are looking for a career with impact, it is your time to match your passion with our mission: ASSURANCE, INSIGHT, ADVICE.

The mission of the Group Internal Audit Vice Presidency (GIAVP) is to protect and enhance the World Bank's value by providing independent, objective, and insightful risk-based assurance and advice.

GIA provides an independent view on whether processes for managing and controlling risks to achieve the World Bank's goals and the overall governance of these processes are adequately designed and functioning effectively. GIA's work is carried out in accordance with the Institute of Internal Auditors (IIA) International Professional Practice Framework. GIA reports to the President and is under the oversight of the Audit Committee.

We encourage you to visit our website https://www.worldbank.org/en/about/unit/internal-audit-vice- presidency.

GIA staff are highly skilled, combining risk management, governance, and internal control experience, knowledge of the Bank Group, and experience from external organizations. As essential partners to our clients, GIA staff bring technical expertise and business acumen in critical processes, a passion for learning, and a commitment to the Bank Group’s mission.

GIAVP is headed by the Vice President (VP) and Auditor General (AG), who is responsible for setting the mission and vision, building strong partnerships with Senior Management and the Audit Committee, and providing value-adding assurance and advisory services that meet the institution’s needs. The Director, Strategy and Operations, is responsible for supporting the AG in the effective and efficient development and execution of GIA’s work program. GIA functions through six distinct teams:

(1) Professional Practices and Innovation (PPI) leads initiatives that drive GIA productivity and implement GIA’s strategic plan, such as work program development, digitalization & innovation, data analytics, etc.

(2)Development Operations (DO) provides assurance and advice for the WBG’s activities to deliver developmental results to clients, including country engagements, fiduciary, integrity, E&S, and public—and private-sector financing.

(3)Corporate Processes and Finance (CPF) provides assurance and advice for the WBG’s finance and corporate process activities, including treasury, financial accounting and reporting, administrative and capital expenditures, budgeting, human resources, legal, and other corporate functions.

(4)Information Technology (IT) provides assurance and advice for the WBG’s IT systems and processes, as well as Data Governance and Data Management practices, including standalone IT infrastructure, enterprise systems, and information security, data privacy, and data management, etc.

(5)Country Assurance and Advisory Program and Ukraine Oversight (Regional Team) provides assurance and advice by assessing the governance, internal controls, and risk management of in-country processes.

(6)Office of the Vice President (OVP) provides dedicated support to the VP/AG by acting as the strategic hub for GIA in communications, branding, reporting, external partnerships, and implementation of strategic initiatives.

Teams 1-5 are led by Managers who report to the Director and are responsible for developing and delivering the GIA work program by leading staff. Team 6 is led by a Manager reporting to the Office of the Vice President and Auditor General.

RECRUITMENT

This position applies to an Audit Supervisor staff position within the Corporate Processes and Finance (CPF) team. CPF Audit Supervisors are considered fungible across several teams.

SCOPE AND RESPONSIBILITIES:

This Audit Supervisor will be a senior member of the internal audit team and will be expected to primarily lead (i) the planning, execution, reporting, and delivery of assurance and advisory engagements, (ii) risk assessment and work program development, and (iii) key strategic initiatives within GIA. The Audit Supervisor will report to the GIA Manager while developing and executing GIA’s risk-based work program.

The Audit Supervisor:

•Leads and delivers a series of complex assurance and advisory engagements in an efficient and effective manner, including the ability to manage several concurrent engagements.

•Plays a vital leadership role in applying risk-based audit techniques to a series of engagements, identifies deficiencies in key controls, and distinguishes between issues, symptoms, and root causes.

•Identifies key risks at the business process or functional level based on a sound understanding of strategic priorities and business and technology risks at the institutional level and defines and alters the scope of engagements as required.

•Develops a comprehensive Risk and Control Matrix (RCM) which outlines key risks, related key controls, and testing procedures with sound logic to support persuasive and impactful audit reports.

•Seeks input and experience from others to recommend a course of action consistent with the WBG institutions’ strategy. Based on risk analysis, makes decisions in a timely manner within their own area of responsibility, considering the interests and concerns of stakeholders.

•Draws broader inferences on risk management at the institutional level by synthesizing disparate control deficiencies into impactful and value-added insights.

•Effectively assesses engagement results against the accumulated evidence, weighing conclusions' relevance, accuracy, and perspective.

•Communicates results of engagements effectively to the client by positioning the issues in the appropriate context and presenting them in a compelling manner.

•Drafts succinct and impactful reports for communicating engagement results to Senior Management and the Board.

•Guides clients to establish implementable, time-bound, and effective management action plans to address the root causes of issues arising from risk-based audits. Leads the assessment of management’s implementation of committed actions.

•Completes engagements within the time and budgets allocated while delivering high-quality and value-added results.

•Supports GIA Management in building strong relationships across WBG institutions, collaborating with other internal risk management and oversight units to identify areas of coordinated assurance.

•Supports GIA Management in developing and maintaining constructive partnerships with assurance functions of other development institutions, humanitarian and aid organizations, donors, and civil society organizations as relevant.

•Provides thought leadership in WBG-wide assessment of risks based on a deep understanding of the WBG institutions’ business and technology, and shares insights and knowledge.

•Shares new insights based on an in-depth understanding of the client and recommends solutions for current and future needs of clients, as well as for GIA’s knowledge management goals.

•Provides regular formal and informal performance feedback to staff. Effectively coaches and motivates team members to deliver high-quality work, monitors progress and results, and designs a feedback loop, where required, to resolve bottlenecks; and manages and collaborates effectively with external consultants and co-sourcing partners, in the efficient conduct of engagements.

•Enhances team members’ leadership and project management skills, technical capacity, and subject matter expertise, aligned with the WBG and GIA human resource strategies, and internal audit leading practices.

•Leads initiatives as assigned by GIA’s management.