The World Bank Audit Supervisor

Background / General
description:

Audit Supervisors play a critical role within the Internal Audit Vice Presidency (IAD) in the execution of IAD’s Work Program and are responsible for leading and delivering risk-based audits and advisory engagements, across a range of business process areas – spanning bank group operations, corporate processes, and IT business processes. Audit Supervisors are expected to plan and execute audits to deliver strategically relevant and high quality audit results. They are responsible for managing multiple streams of work, often concurrently, across audit projects and for optimizing the use of IAD resources. They are also responsible for supervising and coaching project team members - at the Auditor and Audit Analyst levels, and managing the work of contractors and external consultants, where applicable. The Audit Supervisor is expected to play a leadership role beyond audit delivery, by bringing his/her technical audit and thought leadership capabilities to bear on IAD-wide activities such as the annual risk assessment and Work Program formulation, mid-year risk-refresh, and other special projects and initiatives.

Duties and
Accountabilities:

 Designs and executes audits covering a broad range of areas including World Bank Group operations, corporate processes, and IT business processes. Brings to bear a deep understanding of risk-based audit techniques to significantly increase the quality and impact of audit results across functional areas;

 Independently identifies key risks at the business process level based on a sound understanding of strategic priorities and business risks at the institutional level, and is able to make appropriate scoping adjustments to the project as required;

 Makes informed decisions, based on an overall assessment of the key risks, including IT areas or applications that would need to be integrated into the project scope and the extent to which data analytics capabilities would need to be leveraged for achieving effective results. Vets the indicative time and cost budgets for the audit project based on the detailed identification of key risks and scoping decisions; leads the development of an audit library/repository of process flow charts and key control narratives that can be leveraged for future reviews.

 Evaluates audit results, weighing the relevancy, accuracy, and perspective of conclusions against the accumulated audit evidence; Identifies gaps and breakdowns in key controls and distinguishes between issues, symptoms and root-causes;

 Summarizes audit results and articulates the key issues in briefing discussions with the Audit Manager and the Vice President and Auditor General. Communicates audit results effectively to the client, by positioning the issues in the appropriate context, is persuasive in orally communicating engagement results to the client, and analyzes and discusses complex issues in a non-technical way to a variety of audiences; 

 Develops compelling and succinct audit reports for communicating engagement results to Senior Management and the Board. From time to time, participates in Audit Committee meetings to present audit results with guidance from the Audit Manager;

 Reviews the robustness of the action plans formulated by client management in addressing the root causes of the issues identified; independently assesses the effectiveness of implementation progress by client management, as part of IAD’s follow-up process, and makes a sound judgment as to whether the underlying risk exposures have been fully mitigated;

 Manages the delivery of projects, often concurrently, including monitoring project team productivity, developing steps to correct the course of the engagement where needed, and implementing measures to increase project team productivity and individual team member results. Supervises the work of team members effectively by clearly assigning goals and tasks; monitors progress and results and designs feedback loops, where required, to resolve bottlenecks;

 Serves as an effective coach and mentor for staff assigned to audit projects, by providing ongoing performance feedback throughout project execution, and detailed overall feedback at the conclusion of the project;

 Collaborates effectively with team members and manages the work of external consultants and co-source providers, in the efficient conduct of assigned audit projects. Builds strong relations with audit client operating management as well as other risk and oversight functions (at the manager and director levels), with a view to having candid discussions on emerging risks, and building a strong knowledge base within IAD of such emerging or topical issues;

 Determines risk ratings for relevant businesses in IAD’s audit universe, leveraging the insights gained through audit projects completed, and through ongoing client interactions. Provides detailed observations on WBG risk clusters and dimensions, to be used as a significant input into IAD’s overall feedback on the key WBG risks, using the World Bank Group’s Integrated Risk Management taxonomy;

 Develops and provides concise write-ups/summaries of the thematic and cross cutting issues from audits completed during the year drawing broader inferences on risk management, and the implications for the institution; Develops summaries/write-ups for quarterly reporting and/or senior management briefings, that provide additional insights into comparison of practices across WBG entities, including the potential for synergies and efficiencies, where possible; and

 Provides thought-leadership in IAD’s assessment of risks (annual risk assessment, mid-year risk refresh and ongoing assessments of business unit risk profiles), and leads the risk-assessment exercise in key areas of functional expertise, based on insights and knowledge gained through the implementation of risk-based audits across functional areas.

Selection Criteria:

Competencies and Selection Criteria

 Possesses a demonstrated track record in executing risk-based audits to deliver high quality results across a range of complex business process areas, with minimal supervision;

 Provides thought leadership in the application of risk-based internal audit techniques and staying abreast of professional developments, standards and technical practices;

 Excellent critical thinking skills and has the ability to independently size, scope, and execute complex risk-based audit projects across a range of functional areas; 

 Summarizes and synthesizes effectively by bringing disparate or unrelated streams of information or testing results to draw systemic conclusions and not get mired in details;

 Demonstrates superior project management and logistical skills - sets clear objectives, breaks down these objectives into process steps, develops schedules and task/people assignments, anticipates and adjust for problems and roadblocks; prioritizes work effectively among multiple competing demands, and adapts to unexpected work program needs; demonstrates talent in forming and making changes to team composition and manages change throughout the audit life cycle;

 Exhibits a high sense of self-confidence, composure, and poise in face-to-face interactions;

 Drafts and develops reports with clarity and succinctness, with minimal need for edits or re-work;

 Coaches junior staff members effectively in application of risk-based audit techniques, and develops their professional capabilities to the next level over time; gives more junior team members opportunities for leadership and mentors them to ensure success;

 Connects with IAD audit clients across business units and engages them in strategic and forward looking discussions; encourages collaboration, knowledge sharing, and participatory decision making among team members; respects diversity and brings different skills together to achieve results; and

 Unwavering ethics and integrity.

 Bachelor’s degree in business, accounting, finance, or other relevant field, and appropriate professional qualifications (CPA, CA, CIA, CFA, or equivalent).  Master's degree preferred.

 A minimum of eight years of relevant work experience, preferably in financial institutions, international organizations, or similar environment.

To see full Job Description please visit www.worldbank.org/careers .

Interested candidates are invited to apply to vacancy #130439 on www.worldbank.org/careers.   

 This vacancy closes on 11 Mar 2013. Only online applications submitted through our careers site will be admitted. The World Bank Group is committed to achieving diversity in terms of gender, nationality, culture and educational background.  Individuals with disabilities are equally encouraged to apply.  All applications will be treated in the strictest confidence