Title:  Manager, Internal Control

OVERVIEW

JOB PURPOSE

The job holder is expected to support the Senior Expert, Internal Control (Head of Internal Control) in the design, implementation, and continuous enhancement of ITFC’s Internal Control Framework in alignment with the COSO Internal Control – Integrated Framework. The role encompasses internal control design and documentation as well as testing control activities within processes to ensure that ITFC’s processes and controls are well-designed, documented, implemented, and working effectively to prevent errors, fraud, and non-compliance and proportionate to the nature and scale of ITFC’s trade finance operations. The job holder, under the supervision of the Senior Expert, Internal Control, will contribute to building a strong internal control culture across ITFC by promoting accountability, control discipline, and adherence to established policies and procedures.

KEY ACCOUNTABILITIES

Under the supervision of the Senior Expert, Internal Control (Head of Internal Control), undertake the following:

Internal Control Framework Implementation:

• Provide technical expertise and input in the development, documentation, and periodic update of ITFC’s Internal Control Framework, policies, and procedures in alignment with COSO principles and IsDB Group governance standards.
• Assist in the development and maintenance of Risk and Control Matrices (RCMs), process narratives, and control documentation across key business and support functions.
• Liaise and follow up with relevant departments to drive implementation of internal control requirements and ensure clarity of control ownership.
• Monitor completeness, consistency, and adequacy of internal control documentation across the organization.
• Highlight areas of concern from a control perspective to the departments concerned.

Control Assessment and Monitoring:

• Contribute to the planning of testing of key controls, the assessment of testing of key controls, the assessment of design and operating effectiveness as well as the documentation of results.
• Conduct internal control assessments across business units and support functions.
• Map key processes and define appropriate preventive and detective controls.
• Perform control walkthroughs, design assessments, and periodic testing to evaluate control effectiveness.
• Identify control gaps and areas of process inefficiency and recommend appropriate remediation actions.
• Support the maintenance of control deficiency logs, operational risk registers, and remediation tracking tools.
• Monitor progress of agreed action plans and follow up to ensure timely closure of remediation items.
• Contribute to the development of dashboards and monitoring tools to provide visibility over control effectiveness and operational risk trends.

Governance, Reporting and Advisory Support:

• Contribute to the preparation of periodic internal control reports to Senior Management and relevant Board Governance Committee.
• Provide advisory support to business units on control design and documentation standards.

• Support awareness initiatives and training sessions to strengthen internal control across ITFC.
• Coordinate with Internal Audit, Operational Risk, Compliance, Finance, other relevant functions and external consultants to ensure alignment, completeness and consistency of control coverage.
• Support change initiatives (new products, systems, processes) to ensure controls are embedded by design.
• Support the Senior Expert, Internal Control in ensuring that the Internal Control function operates effectively and contributes to institutional strengthening

KEY ACCOUNTABILITIES

ACADEMIC AND PROFESSIONAL QUALIFICATIONS

• Post Graduate Degree in Accounting, Finance, Business Administration, Economics, Risk Management, or a related field from a recognized university.
• Professional certification such as CPA, ACCA, CA, CIA, CRMA, or CISA or equivalent qualifications is a plus.
• Minimum of 4 years of experience in internal control, internal audit, financial control, operational risk or governance roles with exposure to process mapping, control design and documentation, and control testing.

SKILLS & NECESSARY KNOWLEDGE

• English is compulsory.
• Arabic and/or French is a plus

ABOUT APPLICATION PROCESS

If you meet the criteria and you are enthusiastic about the role, we would welcome your application. To complete the application you would need the following document(s):

• Resume/CV
• Copy of passport
• Academic certificate

The Islamic Development Bank (IsDB) does not ask for payments of any kind from applicants throughout the recruitment process (job application, CV review, interview meeting, and final processing of applications). In addition, the IsDB does not request information on applicants’ bank accounts. The IsDB declines all responsibility for the fraudulent publications of job posts or job offers in its name or, in general, for the fraudulent use of its name in any way whatsoever.