How to Apply for The OPEC Fund for International Development Recruitment

The OPEC Fund for International Development is a multilateral development finance institution established in 1976. Our 12 Member Countries are:  Algeria, Ecuador, Gabon, Indonesia, the Islamic Republic of Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, the United Arab Emirates, and the Bolivarian Republic of Venezuela.

We are recruiting to fill the position below:

Job Title: Internal Audit Officer

Location: Austria
Employment type: Temporary Contract (6 months)
Department: Internal Audit

Job Profile

• The Internal Audit Officer supports the Chief Auditor in providing independent, objective, and insightful risk-based assurance and advice, all in accordance with the institutional strategy and framework and the OPEC Fund’s frameworks for governance, risk and control, in order to protect and enhance the value of OPEC Fund.

Duties and Responsibilities
Audit:

• Works on multiple engagements, often concurrently, in the delivery of risk-based audits across a range of business process areas.
• Supports the Chief Auditor in identification of key risk areas by performing detailed process walkthroughs and flowcharting of controls.
• Supports the development of an audit library/repository of process flow charts and key control narratives that can be leveraged for future reviews through detailed development of individual Risk and Control Matrices (RCMs) for specific engagements.
• Supports the Chief Auditor in the timely execution of audits within the allocated time and resource budgets.
• Assists in the follow-up of open and overdue Internal Audit issues.

Stakeholder management and engagement:

• Engages closely with key clients and stakeholders under the guidance of the Chief Auditor to deliver audit engagements.

Reporting and analysis:

• Supports the Chief Auditor in planning, executing and reporting on individual engagements in Internal Audit’s s risk-based work program.
• ssists in the summarization of audit issues and drafting of reports.
• Perform other related duties as assigned.

Qualifications and Experience

• Master’s Degree in Business Administration, Finance, Controlling, Accounting, Law or a related field.
• A minimum of 7 years relevant professional experience, preferably, 2-3 years of experience in an international environment; Working experience in development financial institutions is desirable.
• Certified Internal Auditor (CIA) designation is highly desirable.
• Additional professional certifications such as Certified Fraud Examiner, Certified Information Systems Auditor, Certified Information Security Manager, Chartered Financial Analyst, Certified Public Accountant, Chartered Accountant, ACCA are an advantage.
• Strong analytical skills and ability to interpret and analyse data and translate into effective information.
• Ability to work well in a small team, operate under pressure, prioritize and deliver high quality work within deadlines, and meet team objectives.
• Fluent in English. Good working knowledge of Arabic, French, German or Spanish is an added advantage.
• Demonstrable ability to work in an international multi-cultural environment, with sensitivity and respect for diversity.

Application Closing Date
7th February, 2024.

Method of Application
Interested and qualified candidates should:
Click here to apply online

Note: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or disability.

Job Title: Internal Audit Analyst

Location: Austria
Department: Internal Audit

Job Profile

• The Internal Audit Analyst assists the Chief Auditor in protecting and enhancing the value of the OPEC Fund by participating in audit and advisory engagements that provide independent, objective, and insightful risk-based assurance and advice to Management.
• This role acts in accordance with the OPEC Fund strategic framework and the OPEC Fund’s frameworks for audit, governance, risk and control.

Duties and Responsibilities
Audit:

• Supports multiple engagements in the delivery of risk-based audits across a range of business process areas.
• Assists the Chief Auditor and Internal Audit Officers in the performance of detailed process walkthroughs and flowcharting of controls.
• Supports the Chief Auditor and Internal Audit Officers in the development of an audit library/ repository of process flow charts and key control narratives that can be leveraged for future reviews.
• Supports the audit team in the timely execution of audits within the allocated time and resource budgets.
• Assists in the tracking and follow-up of relevant open and overdue Internal Audit issues and management action plans.
• Assists in the implementation of Internal Audit operating practices and protocols, as it relates to specific engagements or tasks.
• Prepare audit program for the audits assigned as per the annual audit plan.
• Conduct fieldwork; prepare working papers, and conclusions related to audits assigned by Chief Auditor.
• Summarizes conclusions and draft audit reports.
• Contribute in preparing the annual risk assessment for the IAF.
• Review evidence, monitor progress of the audit assignment, and prepare draft report.
• Prepare for follow up on agreed action plans in issued reports, communicate action owners to obtain update on action plans status, and prepare progress on status of action plans.
• Perform other duties within the scope as assigned by his/her Performance line Manager.
• Stay up-to-date with the latest developments in his/her area of expertise.

Reporting and analysis:

• Provides analytical support to the Chief Auditor and Internal Audit Officers, in the conduct and execution of individual engagements in Internal Audit’s risk-based Work Program – spanning the OPEC Fund’s operations, corporate processes, and IT business processes.
• Assists in work paper documentation in accordance with standards established by Internal Audit.
• Perform other related duties as assigned.

Qualifications and Experience

• Bachelor’s Degree in Business or Public Administration, Finance, Accounting, Law, or a related field.
• A minimum of 3 years relevant professional experience, preferably, 1-2 years of experience in an international environment; Working experience in development financial institutions is desirable.
• Certified Internal Auditor (CIA) designation is highly desirable.
• Additional professional certifications such as Certified Fraud Examiner, Certified Information Systems Auditor, Certified Information Security Manager, Chartered Financial Analyst, Certified Public Accountant, Chartered Accountant, ACCA are an advantage.
• Strong analytical skills and ability to interpret and analyse data and translate into effective information.
• Ability to work well in a small team, operate under pressure, prioritize and deliver high quality work within deadlines, and meet team objectives.
• Fluent in English. Good working knowledge of Arabic, French, German or Spanish is an added advantage.
• Demonstrable ability to work in an international multi-cultural environment, with sensitivity and respect for diversity.
• Required Languages: English

Application Closing Date
19th February, 2024.

Method of Application
Interested and qualified candidates should:
Click here to apply online

Note: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or disability.

Job Title: Country Manager

Location: Austria
Employment Type: Fixed Term Contract

Job Profile

• In co-operation with the Regional Director, the Country Manager leads and oversees the identification, development, appraisal, approval and implementation of Public Sector projects.
• The position contributes to the development of policies and strategies in the portfolio-countries and supports the achievements of the regional and departmental objectives and targets.
• The Country Manager is responsible for identifying and recommending options and solutions for the optimum deployment of financing resources in the portfolio-countries, including the development, implementation and monitoring of country operational strategies and business plans.
• Working together with the Regional Director, the Country Manager also leads and oversees relations with the portfolio countries and other relevant partners.

Duties and Responsibilities
Policy Development and Implementation:

• Conducts regular assessments for assigned portfolio countries, to support the development of short-medium term strategies (3 year objectives) in coordination with the Regional Director, partners and other donors.
• Coordinates the preparation of country operation strategies, country business plans, to support the achievement of the regional business plan.
• Coordinates the implementation of the annual work plan for the assigned portfolio, in co-operation with the Regional Director, ensuring alignment with the regional and departmental objectives, targets and KPIs.
• Coordinates work with the Regional Director, as well as other departments on project, strategy and policy related matters.

Project cycle (Project Development and Processing):
In tandem with the Regional Director the Country Manager:

• Contributes to the identification of a pipeline of projects and identifies opportunities through partner outreach and project screening.
• Supports the sourcing of new projects and co-financing opportunities, by leveraging professional networks and relationships.
• Evaluates financing opportunities and provides support on the initial risk and financial assessments of the projects.
• Participates in project appraisal, including technical, economic, and ESG analysis, as well as project administration design.
• Coordinates and supports the full project life cycle including project identification, preparation, concept and terms clearance, due diligence and appraisal, interface with technical and loan committee as well as with management and the Governing Board.
• Ensures that legal documentation is successfully concluded (loan signed and declared effective) in a timely manner through negotiations with Government and partners with the support of the legal counsel.
• Supports project implementation, ensuring compliance with covenants, achievement of contract awards, and planned disbursements in order to achieve the envisaged project outcomes.
• Contributes to the implementation of projects, in coordination with project management teams and executing agencies, developing practical and innovative solutions to facilitate implementation, resolve implementation problems, as well as incorporates lessons learnt into the project implementation framework.
• Facilitates the procurement and disbursement processes for the project, insuring achievement of contract award, as well as successful disbursement.
• Manages day to day project administration, providing support to the team responsible for disbursements and loan servicing (repayments) and coordinating with Loan Management and Risk Management.

Capacity Building, Knowledge Sharing and Supervision:

• Recommends and supports the implementation of individual annual work program and budget (AWPB) for the assigned countries, including proposed missions and trainings.
• Contributes to institution building, and builds and shares knowledge through participation in task force groups and other meetings.
• Participates and contributes to relevant learning activities for advocacy, and knowledge building.
• Enters, updates and validates data/ information related to the assigned countries into the Management Information System (MIS/ SAP/ EDMS)
• Coaches and supervises newly appointed analysts and interns.

Partners and Relationships Management:

• In cooperation with the Regional Director, maintains active relationships and creates new partnerships with governments, executing agencies, partner institutions with the aim of expanding strategic partnerships in the portfolio countries.
• Maintains and fosters relationships with governments’ authorities, and DFIs to maximize potential for co-financing and catalyzing resources from partners.

Qualifications and Experience

• Master’s Degree in Economics, Finance, Engineering or a related field.
• A minimum of 5 years relevant professional experience, preferably, 2-3 years of experience in an international environment.
• Good knowledge of procurement procedures and processes.
• Demonstrable project management knowledge and skills.
• Good understanding of developmental project appraisal skills and knowledge.
• Demonstrable experience in socio-economic evaluation and impact analyses.
• Ability to work well in a small team, operate under pressure, prioritize and deliver high quality work within deadlines, and meet team objectives.
• Fluent in English. Good working knowledge of Arabic, French or Spanish is an added advantage.
• Demonstrable ability to work in an international multi-cultural environment, with sensitivity and respect for diversity.

Application Closing Date
29th February, 2024.

Method of Application
Interested and qualified candidates should:
Click here to apply online