JOB DESCRIPTION

The Caribbean Development Bank (CDB/the Bank) is seeking to recruit an Intern, Internal Audit. The successful candidate will be based at CDB’s headquarters in St. Michael, Barbados.

THE DIVISON

The Internal Audit Division (IAD) is an independent and objective assurance and advisory function designed to enhance and protect organisational value by providing risk-based, independent, and objective assurance, advice, and insight. It assists the Bank to accomplish its strategic objectives by bringing a systematic and disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes. IAD is responsible for planning, organising, directing, and controlling a broad, comprehensive programme of auditing and consulting/advisory services.

ROLE AND RESPONSIBILITIES

The overall objective for the IAD Intern 2025 is provide an opportunity to expose prospective young professionals to on-the-job training regarding internal auditing, particularly within the multilateral development bank environment as set out below:

Internship Objectives

These objectives will help structure the internship experience, making it both rewarding and educational for the intern.

Understanding internal audit processes – gain a comprehensive understanding of internal audit functions
Developing analytical and critical thinking skills – by performing risk assessments and data analysis
Learning regulatory requirements – familiarise with relevant regulatory requirements and compliance standards that impact the development financial institution.
Hands-On Experience – participate in actual audit projects, including fieldwork, testing controls, and documenting findings.
Using Audit Tools and Software – gain knowledge in using audit tools and software commonly used in the industry.

Intern’s Role/Function

To achieve the objectives, the following functions will be essential:

Gain a comprehensive understanding of the internal audit function, its relevance to governance, risk management and internal control and the audit cycle process including planning, execution, and reporting. This will include understanding the alignment of internal audit with the CDB’s corporate objectives and strategy, gaining knowledge of internal audit methodologies through IAD Manual and Policies, and possibly training from a recognized body such as the IIA Inc, ISACA
Assist in completing audit engagements, performing risk assessments, data analysis, and identifying control weaknesses, anomalies and potential risks.
Support the IAD Team in presenting engagement results to management by preparing presentations and drafting papers or reports for discussion
Participate in the planning and possible execution of assigned tasks relating to the Consultancy “Evaluate CDB’s accountabilities relative to the SDG’s and readiness for IFRS Sustainability Disclosure Standards (Scope 1 & Scope 2) Engagement re: the SDGs and IFRS Sustainability disclosure standards”

Assist in Management Action Plans (MAPs) reviews, updating and analytics

Perform administrative tasks (as directed by the Administrative Assistant – IAD)
REPORTING REQUIREMENTS

Generally, to the Administrative Assistant, IAD, and dual reporting to Senior Audit Officers.

EDUCATION AND COMPETENCIES

• Currently pursuing a Finance/Business-related degree (e.g. Accounting/Auditing, Business, Management, etc.) or related professional certifications (e.g. ACCA, CIA, CFE, CISA); or graduated/completed in the last 12 months.

• Knowledge of Microsoft Office Suite with proficiency in Excel.

Required competencies:

Communication Skills: Effective verbal and written communication skills are necessary for presenting findings, writing reports, and interacting with various departments.
Problem-Solving Abilities: The capacity to identify issues, think critically, and develop practical solutions is vital for addressing audit findings and improving processes.
Attention to Detail: Precision in reviewing documents, testing controls, and documenting findings ensures accuracy and reliability in audit work.
Ethical Judgment and Integrity: A strong sense of ethics and integrity is essential for maintaining objectivity, confidentiality, and trustworthiness in the audit process.
Computer Literacy (Excel proficiency will be an asset)
Building professional relationships – network with professionals within the organization to build relationships and gain insights into different career paths.
Contributing to team goals – actively contribute to the audit team’s objectives and deliverables, demonstrating teamwork and collaboration.
LOCATION, DURATION AND TIMING

This assignment will be carried out at CDB’s Headquarters in Barbados over a 3-month period, commencing in July 2025 and ending in September 2025.

You must be a national of one of CDB’s member countries.

The deadline for submission of applications is April 22, 2025 at 11:59 pm AST.

The Caribbean Development Bank is an equal opportunity employer and values diversity. We encourage all qualified candidates to apply regardless of their racial, ethnic, religious, cultural background, gender, sexual orientation, or disabilities. Women are strongly encouraged to apply.

The Bank provides reasonable accommodation to individuals with disabilities who participate in the job application or interview process. Please contact us to request such accommodation.

Level of Education: Bachelor Degree

Work Hours: 8

Experience in Months: No requirements