Job Description
Requisition ID: 36149
Office Country: United Kingdom
Office City: London
Division: Internal Audit
Full-Time/Part-Time: Full Time
Contract Type: Regular
Contract Length
Posting End Date: 23/10/2025
Purpose of Job
The Principal, Internal Auditor is responsible for providing a substantive contribution to the ongoing risk assessment of their assigned portfolio of business areas and timely execution of audit engagements in line with IAD‘s periodic risk-based audit plan. The role also assists the Head of Finance & Central Services Audit with business monitoring across assigned areas of responsibility, including the supervision of other team members (including guest auditors and third-party co-sourcing staff) and advisory work, as assigned by IAD leadership team and other ad hoc tasks. This position focuses on reviews (including assurance, advisory, change audits) of the EBRD’s treasury, middle- and back-office operations, finance and procurement functions, though not exclusively
Background
The Board of Directors established the Internal Audit Department as part of its oversight role. IAD, as a third line of defence, and in accordance with the Institute of Internal Auditors International Professional Practices Framework (IPPF), provides independent and objective assurance to Executive Management and the Board of Directors on the adequacy and effectiveness of internal controls, governance and risk management processes to mitigate the EBRD’s key risks. IAD aspires to be function of excellence, valued by the Board and Management for their proactive insights and robust assurance.
Accountabilities & Responsibilities
- Identifying and assessing audit risk areas in their assigned portfolio of coverage.
- Lead or substantively contribute to the performance of audit engagements assigned, including identifying key risks; devising and recommending an audit engagement plan; performing and/or supervising the fieldwork within the agreed schedule; discussing areas for improvement with the business and assisting in the development of feasible recommendations; and producing high quality audit reports, including presentation at governance forums/board committees.
- Ensures timely and adequate validation of IAD’s issues in their assigned portfolio of coverage.
- Deliver assigned activities in a timely manner and to the required level of quality, in accordance with Institute of Internal Auditors’ IPPF including related guidance and promote the correct application of these pronouncements to other team members under their supervision.
- The Principal, Internal Auditor is accountable for all aspects of the product when assigned supervisory responsibilities for other team members or consultants and will therefore:
- ensure that team members/consultants adhere to agreed schedules in performing their work;
- ensure that team members/consultants’ work is completed to the required standard, instructing any re-performance, additional work or re-drafting as necessary;
- provide timely and candid feedback to the IAD leadership team on the performance of team members/consultants.
- Assist the IAD leadership team as necessary to engage staff (including guest auditors) and external consultants and ensure the availability of technical skills and motivation necessary to deliver IAD’s annual and strategic objectives to the highest possible professional standards.
- Develop open and constructive working relationships with stakeholders.
- Keep abreast of relevant industry and organisational developments to update risk assessments and inform audit coverage as required
Knowledge, Skills, Experience & Qualifications
Academic/professional qualifications
- University degree or equivalent, preferably with a finance, risk management or business focus.
- Relevant professional qualification relating to internal auditing, such as CIA/PIA/ACCA/CPA/CFA
Experience
- Significant relevant post-qualification experience in treasury, operations and finance audits.
- Strong knowledge of investment banking products, risk management and compliance matters.
Technical and personal skills
- Demonstrable analytical and critical thinking skills.
- Able to synthesise complex data from business monitoring activities, recommend changes to risk assessments for assigned business areas and propose adjustments to IAD’s coverage accordingly.
- Strong oral and written communication skills, with the ability to adapt messages to the target audience and communicate recommendations in a clear and effective manner.
- Proven ability to engage with and influence senior stakeholders, using sound professional judgement to broker co-operation and facilitate timely delivery of activities.
- Team player, able to work effectively with others in a matrix environment.
- Efficient, persistent, self-managing and resilient in the delivery of objectives under pressure
Posting End Date: 23/10/2025
