This is a senior staff fixed-term appointment for a period of 3 years. This vacancy is open to internal and external applicants.
If the selected candidate is an external hire, the appointment may be extended for a period of up to 3 years per extension, or not renewed. In case of extension, staff may continue in the position for another term of up to 3 years, or be reassigned to any suitable position in ADB.
The same terms and conditions also apply to a selected internal candidate. In addition, if the staff selected has a regular appointment, staff will retain the regular appointment and his/her selection will be considered an assignment for an initial fixed period of 3 years. If the staff selected has a fixed term appointment, his/her appointment will cease, and he/she will be given a new fixed term appointment for an initial term of 3 years.
Fixed-term appointments or assignments are subject to Section 3 of Administrative Order (AO) 2.01 (Recruitment and Appointment) and Section 8 of AO 2.03 (Selection, Talent and Position Management) and its Appendices.
Whether the selected candidate is internal or external, and regardless of the type of appointment, any extension of staff beyond age 60 shall be subject to such terms and conditions determined by ADB, including, where relevant, those provided in Section 10 of AO 2.05 (Termination Policy) and its Appendices.
Close relatives1 of ADB staff, except spouses of international staff, are not eligible for recruitment and appointment to staff positions. Applicants are expected to disclose if they have any relative/s by consanguinity/blood, by adoption and/or by affinity/marriage presently employed in ADB.
1Close relatives refer to spouse, children, mother, father, brother and sister, niece, nephew, aunt and uncle
Staff on probation are not eligible to apply. Applicants for promotion must have served at their position for at least one year and must have normally served at their personal level for at least two years immediately preceding the date of the vacancy closing date. Applicants for lateral transfer must have served at their position and personal level for at least one year immediately preceding the date of the vacancy closing date (reference A.O. 2.03, paragraphs 5.8 and 5.9).
Asian Development Bank (ADB) is an international development finance institution headquartered in Manila, Philippines and is composed of 68 members, 49 of which are from the Asia and Pacific region. ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. ADB combines finance, knowledge, and partnerships to fulfill its expanded vision under its Strategy 2030.
ADB only hires nationals of its 68 members.
The position is assigned in the Office of the Auditor General (OAG). ADB's internal audit function provides audit and advisory services designed to add value and improve ADB operations. OAG provides assurance to the President and the Audit Committee of the Board (ACB) that ADB's financial and operational controls designed to manage risks and achieve ADB's development objectives are operating in an efficient and effective manner. OAG assists Management and the ACB by bringing a systematic and disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes in ADB.
All activities of the ADB, including (i) sovereign loan, technical assistance (TA) and grant operations; (ii) non-sovereign lending and equity investment operations; (iii) treasury and risk management functions; (iv) information technology; and (v) finance and administration are covered by OAG.
To view ADB Organizational Chart, please click here.Job Purpose
The Auditor General will (i) manage the planning and directing of the Office of the Auditor General (OAG) activities and responsibilities to ensure the internal audit function provides d independent and objective audit and advisory services designed to add value and improve ADB operations; (ii) anticipate the Office's resource requirements and the efficient allocation of budget and resources; (iii) oversee the quality of work, ensure the achievement of objectives of the Office and continuously keep the President, Management and Audit Committee of the Board (ACB), through the President, informed of emerging developments and challenges; and (iv) assist Management and the ACB by bringing a systematic and discipline approach to evaluate and improve the effectiveness of risk management, control and governance processes in ADB.
The incumbent will report to the President and will supervise International, National, and Administrative staff.
a. Leadership and Strategic Management
- Manages the internal audit function to ensure ADB's financial and operation controls designed to manage risks and achieve ADB's development objectives are operating in an efficient and effective manner.
- Oversees the planning, implementation and supervision of OAG's work programs as well as monitor the quality of outputs.
- Ensures OAG achieves established objectives and fulfills its mandate in alignment with ADB's overall strategic direction and OAG's terms of reference.
- Provides leadership in professional and operational matters, taking the lead in introducing new or innovative approaches to policy and operational issues.
- Provides advisory services to Management and other Departments/Offices in line with the International Professional Practices Framework issued by the Institute of Internal Auditors.
- Oversees the effective coordination and cooperation with other ADB departments/offices and internal stakeholders.
- Leads the collaboration and knowledge-sharing of internal audit practices with internal audit agencies from the United Nations, multilateral financial institutions central banks - and public sector internal audit institutions.
b. Operations Management
- Ensures that audit and advisory activities are carried out in an efficient, economical, and effective manner.
- Provides leadership in supporting Regional Departments strengthen the internal audit capacities and knowledge of public sector internal auditors and institutions in developing member countries.
- Collaborates with ADB's external auditor for the audit of ADB's financial statements and issuance of management representation letters for the audit and ADB's bond offerings.
- Arranges audits by the external auditor for trust funds not included in the Engagement of Contract with the external auditor.
- Anticipates requirements for and efficiently manage the budget, resource allocation and utilization for the Office.
c. Internal Relations
- Provides support for relationship management and coordination with the Board, Management, and other departments/offices.
- Continuously informs Management of significant developments and challenges, and provide timely recommendations.
- Reports at least bi-annually to the President and ACB the activities of the internal audit function, including summaries of recent audits and recommendations together with the implementation progress of audit recommendations.
d. Staff Supervision
- Creates and leads multi-disciplinary teams and ensure the overall quality of its work.
- Manages the performance of teams and individuals providing clear direction and regular monitoring and feedback on performance.
- Provides coaching and mentoring to team and individuals and ensure their on-going learning and professional development in internal audit and emerging data/digital technology.
Relevant Experience & Requirements
Master's degree, or equivalent, in law, business administration, accounting, finance, economics, or related fields. University degree in law, business administration, accounting, finance, economics, combined with specialized experience in related organization may be considered in lieu of a Master's Degree
At least 15 years of relevant experience and demonstrated technical competence in finance, auditing or accounting; professional designation in a relevant field (e.g., CIA, CPA, CFA, etc.) is desirable.
Proven ability to effectively liaise and communicate with Management, Board of Directors, staff and external counterparts.
Sound planning, managerial and administrative skills together with superior interpersonal and negotiating skills.
Possess knowledge and experience in implementing emerging data/digital technology in internal audit.
Ability to lead, manage and provide guidance to a professional group of internal auditors with diverse skills and knowledge.
Excellent oral and written communication skills in English.
International experience working in several countries.
Please refer to the link for ADB Competency Framework for International Staff level 9.
The selected candidate, if new to ADB, is appointed for an initial term of 3 years.
ADB offers competitive remuneration and a comprehensive benefits package. Actual appointment salary will be based on ADB's standards and computation, taking into account the selected individual's qualifications and experience.
ADB seeks to ensure that everyone is treated with respect and given equal opportunities to work in an inclusive environment. ADB encourages all qualified candidates to apply regardless of their racial, ethnic, religious and cultural background, gender, sexual orientation or disabilities. Women are highly encouraged to apply.
Please note that the actual level and salary will be based on qualifications of the selected candidate.