Apply to ISSF where jobs give you the chance to make a real impact on the Jordanian economy and the entrepreneurial ecosystem as a whole. Check out the openings we have below and apply for your dream job!

Available Positions:

Job Description

Position                       Senior Compliance Officer

Location                      Amman-Jordan

Reports to                   Chief Executive Officer

About the Position

A great opportunity for an experienced professional to take on a leadership role to oversee all compliance matters for the ISSF. The Officer is responsible for ensuring the ISSF complies with World Bank regulatory requirements and local and internal regulatory policies and bylaws.

Duties and Responsibilities

  • Work with management to ensure strategies are in place and in operational/regulatory compliance
  • Create long-term goals and plans for methods that will ensure no illegal activities occur within the workplace and all aspects of the organization meet the operational and legal standards
  • Investigate irregularities and non-compliance issues, and work/provide compliance reports to the implementing agency
  • Perform internal audits on the effectiveness of compliance policies, and develop and implement risk mitigation strategies through engagement with key colleagues
  • Serve as a liaison between management, personnel and implementing agency
  • Provide employee training on compliance related topics, policies, or procedures
  • Work and collaborate with corporate lawyers on compliance issues and provide management with progress reports
  • Ensure ISSF’s overall compliance with fiduciary and prudent investor responsibilities
  • Monitor compliance in accordance to local and foreign laws and regulations
  • Develop organization-wide compliance strategies by estimating, forecasting, and anticipating requirements, trends, and variances; aligning monetary resources; developing action plans; measuring and analyzing results; initiating corrective actions; minimizing the impact of variances
  • Ensure the compliance with the International Financial Reporting Standards
  • Avoid legal challenges by understanding current and proposed legislation; enforcing regulations; recommending new procedures; complying with legal requirements
  • Maintain state-of-the-art compliance programs; bringing compliance recognition to ISSF
  • Monitor operations to ensure investments are based on the approved selection criteria, due diligences processes, and the investment exit methods applied, etc.
  • Build effective peer/sector wide relationships in order to capture emerging trends in dealing with compliance requirements
  • Draft and update policies and procedures, and ensure regulatory reporting and filing is completed, and provide ad hoc support on regulatory projects when requested
  • Communicate with the different entities to facilitate documentation and resolution of complaints
  • Collaborate with human resources on appropriate disciplinary actions for personnel who violate compliance standards
  • Assist in the reporting and oversight of the world bank compliance and monitoring framework to promote adherence to laws, regulations and ethical business practices
  • Oversee compliance of human resources and projects by determining accountabilities and adherence to ISSF and the World Bank monitoring framework
  • Verify that software technology is in place to adequately provide oversight and monitoring in all required areas
  • Ensure that the project activities are compliant with the relevant requirements of national policies, regulations and legislations as well as the World Bank Group (WBG) relevant Operational Policies and Procedures
  • Stay abreast of current industry trends and new regulations in order to analyze their impact on overall operations

Relevant Experience & Key Competencies

  • Excellent attention to detail
  • Thorough understanding of compliance management
  • 5+ years of knowledge and work experience in similar/relevant organizations
  • Strong problem-solving skills and the ability to identify compliance issues and remedy them as necessary
  • Excellent communication skills to foster a culture of organizational safety and educate personnel on applicable regulations
  • Proven project management abilities in order to create and effectively implement compliance policies
  • Ability to review a range of scientific, engineering and other technical reports from industry and consultants
  • Proven experience in leading the direction, management and administration of compliance obligations
  • Excellent research, analytical, writing and organizational skills
  • Experience in working within a complex international organization
  • Ability to provide advice on compliance issues and integrate compliance management at operational level
  • Able to assess situations to determine the importance, urgency and risks; make clear recommendations which are timely and in the best interest of the ISSF
  • Fair knowledge of the ICT sector and its role in sustainable development
  • Experience of working in a multicultural team and proven ability to build relationships with project partners
  • Personal qualities of integrity, credibility, and commitment to ISSF mission
  • Strategic thinker, with an entrepreneurial mind-set and high tolerance for risk, ambiguity and change
  • Experience working with the World Bank, Government Funding or major institutional donor with strong regulatory framework such as the USAID, EU or UN agencies is a plus
  • Conflict resolution experience is a plus
  • Experience with Private Equity and/or Venture Capital would constitute a strong asset
  • Good understanding of Jordan’s entrepreneurial & investment ecosystems is a plus
  • Fluent in both Arabic & English
  • Graduate Degree in Finance, Law, Economics or Business Administration or equivalent is a plus
  • University degree in Accounting, Law, Business, Corporate Finance or relevant field

Apply for the job by sending your cover letter, CV and any necessary documents to

Job Description

Position                       Senior Investment Analyst

Location                      Amman-Jordan

Reports to                   Investment Director

About the Position

ISSF is looking for a passionate, energetic Senior Analyst who will be reporting to the investments director. The role will be visible and will support the execution of ISSF 10 years’ journey. Senior analysts will give recommendations on investment opportunities including financial, strategic, operational and organizational, prepare presentation materials, Financial and Commercial Due Diligence.

Duties and responsibilities

  • Develop a deep understanding of potential Targets and Investment Transactions i.e. revenue drivers, cost structure, etc
  • Review and/or perform financial and commercial Due diligence on complex investment opportunities, and transaction structures on Direct and Indirect Investments.
  • Prepare financial models/ analysis
  • Valuation of investee and portfolio companies
  • Prepare Market Research and provide updates as required
  • Support ad hoc analysis (e.g., financial, strategic, operational, organizational) and special projects

Relevant Experience & Key Competencies

  • 4+ years’ experience in finance, consulting roles
  • Bachelor’s degree in Accounting or Finance; CFA, MBA preferred
  • Strong leadership skills
  • Articulate with excellent verbal and written communication skills
  • Ability to think creatively, highly-driven and self-motivated
  • Solid financial modeling experience required, with exceptional attention to detail
  • Advanced Microsoft Excel and PowerPoint skills
  • Highest standards of accuracy and precision; highly organized

Apply for the job by sending your cover letter, CV and any necessary documents to





  1. Background

The Innovative Startups and SMEs Fund (ISSF) is a Jordanian private shareholding company that was created with contributions from the World Bank and the Central Bank of Jordan with a capital of US$98 million. It aims to increase early stage equity finance for innovative small and medium size enterprises (SMEs) in Jordan. The ISSF puts into practice the first recommendation of the Jordanian Economic Policy Council to set up a fund to facilitate financing for innovative startups and SMEs in an effort to increase the level of startups with high-growth potential.

The ISSF has the purpose of making equity and quasi equity investments in innovative startups & SMEs directly through the ISSF or indirectly through funds, and implementing activities to support entities to create a quality deal flow of viable potential investments.

An overview of the Fund, its sources and breakdown of components can be found in the Project Operations Manual (POM) under the following link:

  1. Mission and Objective

The Internal Audit Function’s mission is to enhance and protect organizational value by providing risk-based and objective assurance, advice, and insight.

The ISSF aims to put in place an independent, objective assurance and consulting activity designed to add value and improve its operations. It envisages that this will assist it to accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.

The core objectives of the internal audit function are:

Effectiveness and efficiency of operations.

  • Reliability of financial and management reporting.
  • Compliance with laws and regulations.
  • Safeguarding of Assets
  1. Scope of Work

The Internal Audit shall be conducted in accordance with International Standards for the Professional Practice of Internal Auditing*.

3.1 The Internal Auditor will present the detailed Scope of Work and audit plan to the ISSF’s Audit Committee. However, the following is foreseen to be the minimum requirement:

3.1.1 Reviewing the reliability and integrity of financial and operating information and the means used to identify, measure, classify, and report such information;

3.1.2   Reviewing the adequacy of internal controls;

3.1.3 Reviewing the systems established to ensure compliance with policies, plans, procedures, laws, and regulations which could have a significant impact on
operations and reports and whether the company is in compliance;

3.1.4    Reviewing the means of safeguarding assets;

3.1.5    Reviewing operations or programs to ascertain whether results are consistent with established objectives and goals and whether the operations or programs are being carried out as planned;

3.1.6    Reviewing specific operations at the request of the Audit Committee;

3.1.7    Monitoring and evaluating the effectiveness of the company’s risk management and governance processes; and

3.1.8    Reviewing the adequacy of IT controls.

Furthermore, the Internal Auditor will also be required to provide / report on:

3.1.9    An assessment of compliance with provisions of Project Operating Manual (POM) and Project Appraisal Document (PAD), especially those relating to procurement, accounting and financial matters;

3.1.10 Goods, works and services have been procured in accordance with the World Bank procurement guidelines and the procurement manual of the project;

3.1.11 Expenditures charged to the project are eligible expenditures and have been correctly classified.

3.1.12 Report any expenditure incurred by the project which should be disallowed.

  1. Reporting

The Internal Auditor will report to the ISSF’s Audit Committee. In that respect, it will submit two semiannual reports per annum.

The Internal Auditors will provide a semiannual report for the period audited containing findings and recommendations to enable the ISSF Management to take timely action. The Report shall contain the records verified, deviations, if any, the adequacy of internal controls and the adherence to the relevant policies and procedures, and rules and regulations made from time to time. The report should be discussed and agreed with the management of the ISSF and should be structured in a manner giving:

  • the observations,
  • the implications of the observations and the suggested recommendation, and
  • the management comments/ agreed actions.

In addition, the Internal Auditor should provide an Executive Summary highlighting the critical issues which require the attention of the Audit Committee and the status of actions on the previous recommendations. The audit observations should be supported by instances and quantified, as far as practicable.

The Internal Auditor’s report will highlight findings during the period under review. This will include:

4.1       Comments and observations on the financial management records, systems and controls that were examined during the course of the review.

4.2       Deficiencies and areas of weaknesses in systems and controls and recommendations for their improvement.

4.3       Compliance with covenants in the financing agreement and comments, if any, on internal and external matters affecting such compliance.

4.4       Matters that have come to attention during the review and might have a significant impact on the implementation of the Project.

4.5       Compliance of the ISSF in making investments based on the approved selection criteria, due diligences carried out, and the investment exit methods applied.

4.6       Status of compliance to previous report and

4.7       Any other matters that the auditor considers pertinent.

  1. Audit committee:

The Internal Audit Reports must be submitted on a semiannual basis to the Audit Committee. The Audit Report will be reviewed by the Audit committee. The audit committee would meet on a timely basis to review the audit reports, findings and issues and the management’s plans to take corrective action on the same. The Audit Committee will inform the Board of Directors of the results of the Internal Audit work.

  1. General

6.1       The Internal auditor shall be given access to all documents, correspondence, and any other information relating to the project. The auditor shall be provided with the relevant policies and guidelines.

6.2       Independence: In order to maintain independence and objectivity, the internal auditor has no direct responsibility or any authority over the activities or operations that are subject to review, nor should the internal auditor develop or install procedures, prepare records or engage in activities that would normally be subject to review. However, the internal auditor may be consulted when new systems or procedures are designed to ensure they adequately address internal controls.

6.3       Code of Ethics: The internal auditor shall subscribe to the Code of Ethics established by the Institute of Internal Auditors, as well as adhere to the policies set forth by the management of ISSF. In addition, the Internal Auditor will uphold the following:

6.4       Integrity: Establish trust and thus provide the basis for reliance on the judgment of Internal Audit. Remain tactful, honest, objective and credible in all relationships as a representative of ISSF.

6.5       Objectivity: Exhibit the highest level of professional objectivity in gathering, evaluating and communications information about the area under examination. Make balanced assessments of all the relevant circumstances and do not become unduly influenced by individual interests or by others in forming judgments.

6.6       Confidentiality: Respect the value and ownership of information received. Do not disclose information without appropriate authority.

6.7       Competency: Apply the knowledge, skills and experience required in the performance of internal auditing services and continually improve the proficiency, effectiveness and quality of the services provided.

6.8       While carrying out their duties, the internal auditor is responsible for utilizing a systematic, disciplined approach to evaluating and improving the effectiveness of internal controls and should include the following:

6.9       Developing and maintaining a comprehensive audit program necessary to ensure compliance with accounting standards, policies and procedures necessary to safeguard ISSF resources.

6.10     Communicating the results of audits and reviews by preparing timely semiannual reports, including recommendations for modifications of management practices, fiscal policies and accounting procedures as warranted by audit findings.

6.11     Establishing and maintaining a quality assurance program to evaluate the internal auditor operations. This program should include: uniformity of work paper preparation, audit sampling, work paper review, report preparation and review, report communication and issuance and record retention.

6.12     The internal auditor is responsible for developing a risk based Audit Plan that includes areas subject to regulatory review, each fiscal year. The Audit Plan should be presented to the Audit Committee for approval. The development of the Audit Plan includes a review of the ISSF’s risk assessment of the key processes. This is a process in which business process are identified and evaluated according to the objectives of the ISSF. An assessment of the level of risk includes a broad range of risks and associated controls and the Internal Audit is responsible to identify and evaluate exposures to business risk and the controls designed by management to reduce those risks.

  1. Contract

The contract duration is expected to be 1 year renewable based on evaluation of Internal Auditor’s performance and achievement. The ISSF’s Audit Committee will either, on their own or through a hired third-party, complete the evaluation of Internal Auditor’s performance and achievements against the agreed deliverables in the signed contract. In the case of poor performance, the ISSF reserves the right to cancel the contract without any obligations; in such circumstances, the ISSF will provide the Service Provider with a written notice of their decision to terminate the contract with advance notice of the determined ending date.

  1. Confidentiality

The Internal Auditor will be responsible for the confidentiality of all information and documents related to the ISSF. Sharing information with a third party is prohibited. The Internal Auditor will sign (a) confidentiality agreement(s) that cover(s) engagements with the ISSF.

  1. Commitment

The Internal Auditor shall ensure that the required resources are available to meet the expected work engaged with the ISSF at any point during the time frame of this potential engagement.

  1. Eligibility Criteria

The Internal Auditor must meet the following criteria for eligibility:

  • Must be a Jordanian with proven past technical and practical experience in internal audit assignments.
  • Minimum 8 years of experience in the field.
  • The Internal Auditor must be a holder of a Bachelor’s degree in Accounting as a minimum.
  • Relevant professional certifications are advantageous.
  • Qualified team members in similar projects.
  • Familiar with ISSF’s needs and challenges in Jordan.
  • Good technical and financial reputation.
  • Candidate must be should be residents of Jordan.
  1. Resume Submission

Taking into consideration all of the above items, please submit your resume the following email address:

*An English version of the International Standards for the Professional Practice of Internal Auditing can be found on the following link: