Internal Audit Specialist Vacancy at Green Climate Fund (Salary USD 104,000 net +benefits): APPLY NOW!

Internal Audit Specialist

Location: Incheon, South Korea (ICN), KR

Company: Green Climate Fund

Grade: IS-3
Deadline: 28 January 2024 (11:59 PM KST)
Job Category: International
Salary: USD 104,000 net (plus attractive benefits, that include the following allowances (as applicable): Relocation, dependency, housing, education assistance and home country travel.

Introduction
The mission of the Green Climate Fund is to assist developing countries to respond to climate change while bringing prosperity to their people.

Established in 2010, the GCF invests in transformational climate projects in the developing world. The Fund makes an ambitious contribution to global climate action and channels significant financial resources into developing countries to help build low-emission and climate-resilient societies. It is country-driven and undertakes actions that reflect the circumstances of each country concerned and its national aspirations. The GCF is a key enabler of the 2015 Paris Agreement on Climate Change.

Since its establishment, the GCF has approved 216 projects in 129 countries and has committed USD 12.0 billion in climate finance. In addition, it has built up an extensive program to support developing countries to identify their needs, in particular, those who are most vulnerable to climate change impacts.

The GCF’s diverse workforce is advancing its mission from its headquarters in South Korea. Our talented staff makes unique contributions to the Fund, enriching the institution through their combined expertise and professional commitment.

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Internal Audit Specialist Position Objective
The Internal Audit Specialist reports to the Head of the Office of Internal Auditor (OIA) and is primarily responsible for conducting internal audit and assisting the Head of Internal Audit to determine whether the design and implementation of the Fund’s risk management, controls, and governance processes provide reasonable assurance as to whether: resources are used effectively and economically; the Board and senior management are provided with accurate and reliable financial and operational information; the Fund’s assets and reputation are safeguarded; Fund decisions, policies and guidelines are complied with; and the Fund’s programmes, plans and business objectives are being or are likely to be achieved.  

In particular, s/he is responsible for supporting the Internal Auditor in the performance of his/her duties, and ensuring that the OIA complies with relevant technical standards (including the International Professional Practices Framework (IPPF) of the Institute of Internal Auditors (IIA)) and meets the strategic needs of the Fund.

Internal Audit Specialist Purpose

• Conduct risk-based audit and advisory engagements in compliance with IPPF of the IIA in support of the strategic needs of GCF.
• Contribute to the development of the Office’s risk-based multi-year internal audit workplan.
• Monitors the implementation of agreed management plans of action in response to internal audit recommendations.

Engagement

• Advise and explain to GCF middle and senior management about the performance of audit and advisory engagements and the implications of their results.
• Work with GCF management to develop practical action plans that address issues identified.
• Communicate with auditees to effectively develop and discuss findings; come to agreement on recommendations and timelines for corrective actions with responsible officers of operations audited.

Internal Audit Specialist Delivery

• Prepare risk-based audit plans and programmes for the review of the team leader or Head of OIA.
• Document, evaluate and test systems and controls to determine their adequacy and effectiveness to ensure: (i) compliance with policies and procedures; (ii) accomplishment of management’s objectives; (iii) reliability and integrity of information; (iv) economic use of resources; and (v) safeguarding of assets.
• Prepare structured, comprehensive and conclusive working papers supporting audit issues for the review of the lead auditor or Head of OIA.
• Conduct data collection and analysis using data-analysis tools and create data visualizations for internal or external use to support report writing and presentations.
• Develop/draft specific sections of audit reports for review by the team leader.
• Prepare analysis of client’s responses to recommendations action plans for the review of the Head of OIA.
• Performs other assignments or tasks as determined by the Head of OIA.

Internal Audit Specialist Requirements (Education, experience, technical competencies required of the job)
 

Education

• Master degree in Business Administration, Public Administration, Finance, or related field (Bachelor degree in same fields plus additional two years of relevant experience might be considered). Relevant professional certification in internal audit is essential (CIA issued by the IIA). Other certifications are considered (CA, CPA), and specific certification such as CISA, CRMA or CFE is an advantage. 

Experience 

• 7 years post-qualification of relevant professional experience in audit or directly related field, including 3 years in a multilateral organization, is required. 
• Experience in auditing ICT and systems is a plus.
• Experience in using data analytics tools, such as IDEA, ACL, Tableau, Power BI and/or Excel, for analysis of entire populations of data is also required.

Internal Audit Specialist Competencies:

• Demonstrated in-depth knowledge of audit technics and ability to take ownership and plan and organize internal audit engagements, identifying priorities and allocating appropriate amount of time and resources to complete the assignment and honour commitments. 
• Ability to work collaboratively with different stakeholders by soliciting input and genuinely valuing others’ ideas and expertise and effectively collect and gather information necessary for the conduct of audit assignments or the monitoring of recommendations implementation.
• Strong communication skills with demonstrated ability to listen to auditees and other stakeholders when conducting the audits, showing visible engagement by asking questions to clarify audit points. Ability to tailor language, tone, style and format to match audience.
• Demonstrated willingness to keep abreast of and learn new available technologies and looking at potential applicability to the support the audit engagements and audit results communication.

Languages

• Excellent command of written and oral English is essential; familiarity with another UN language is an advantage.

The closing date for Internal Audit Specialist application is 28 January 2024. Applications submitted after the deadline may not be considered.

*The person assessed by the Selection Panel as most suitable for the position will be proposed for appointment. Selection among short-listed candidates will also take into account performance at interview, appropriate testing, and references.

Applications from women and nationals of developing countries are strongly encouraged.

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