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3 Job Vacancies at Rwanda Development Bank


Our client, Rwanda Development Bank (BRD), is the Government of Rwanda's investment arm and the leader of productive investment. 

The Bank aims to become the most profitable Bank at the service of poverty reduction in Rwanda. 

Its main mission is to finance the nation’s development objectives with a focus on the priority sectors of the country's economy. 
 

They are looking for highly motivated, self-driven and results focused candidates to fill the positions of: 
 
1. Chief Operating Officer (COO)
 
Place of Work: Kigali, Rwanda
 
Basic Function: 
 
The COO shall be responsible and accountable for the operations management of the Bank which includes that of development, design, operations and improvement of the systems that create and deliver the bank’s products and services. 

He/she must ensure that the business operations are efficient and effective and that proper management of resources, distribution of good and services to both external and internal customers are carried out most efficiently. 

This role will support the building of internal capacity and work to improve internal work processes, staff performance and overall organizational effectiveness.
 
Principal Roles and Accountabilities:
 
Management
  • Joint responsibility with CEO for the overall management of the organization in line with the organizations strategic plan.
  • Responsible for monitoring organizational performance against the strategic plan, working with staff to stay on target and looking ahead to the long term development of the organization operationally and strategically.
  • Responsible for providing operational support and advice for the effective implementation of strategic plans and new business development activities.
  • Responsible for initiating the annual planning process and for overseeing and coordinating its development while ensuring it is in line with overall strategic goals and mission of the organisation.
Governance
  • Responsible for supporting the Company Secretary in ensuring that the Board’s agenda serves and reflects appropriate planning cycles, papers are received in advance and that the Bank operates in line with good governance practice.
Human Resources
  • Responsible for overseeing effective management of all staff including initiating and conducting staff appraisals.
  • In charge of implementing and managing change and supporting staff through this process.
  • Responsible for ensuring that the organisation has appropriate and up-to-date policies and procedures in line with best practice.
Financial Management & Control
  • Responsible for the proper financial management of the organisation ensuring that all financial controls are in place and adhered to, that financial systems are fit-for-purpose and properly implemented and that the organisation is properly resourced to deliver on the strategic plan.
  • Responsible for ensuring that management accounts are prepared and for reporting quarterly to the board on the overall financial health of the organisation; provide timely compliance and other reports to the Central Bank and other statutory bodies as required by law/regulation.
  • Responsible for preparing the Annual Budget and ensuring that expenditure is controlled in line with the Budget.
Operations
  • Marshall limited resources as set out by the CEO and the board of directors to the most productive use with the aim of creating maximum value for the company’s stakeholder.
  • Lead by developing and cascading the organization’s strategy /mission statement to the lower ranking staff and implementing appropriate rewards/recognitions and coaching/corrective practices to align personnel with accompanying goals.
  • Maintain and monitor measures for the measurement of an operations performance and consideration of efficiency versus effectiveness, often in the form of dashboards convenient for the review of high level key indicators.
  • Ensure the successful implementation of the Performance Based System (PBIS) at the departmental level and the Performance Management Contracts (PMC) at the individual level.
Other
  • Undertake any other tasks at the instruction of the CEO and ensure proper succession planning.
Qualifications, Experience and Knowledge:
  • Master’s Degree in Business Administration or a relevant field from an accredited university
  • Bachelor of Commerce Degree in Business Administration or a relevant field from an accredited university
  • At least ten (10) years’ experience in a similar function
  • Demonstrated knowledge of business strategy, marketing, and operations 
  • Strong background in quantitative and financial analysis
  • Understanding of the domain knowledge of banking and modern management theories
Competences:
  • Outstanding interpersonal and communication skills
  • Excellent networking skills and ability to maintain relationships with key strategic partners in the industry
  • Ability to work effectively in a team environment
  • Proven leadership qualities and project management skills 
  • Sound analytical skills
2. Director of Investments (Head of Credit)
 
Place of Work: Kigali, Rwanda
 
Basic Function: 
 
The Director of Investments holds primary responsibility for identifying, completing, and monitoring investments in businesses that meet the Bank’s criteria. 

He/she will also have the responsibility for financial administration and reporting from the Bank’s portfolio of investments. 

In addition, this individual will play an integral role on the Bank’s management team and will be actively involved in the day-to-day strategic and operational decisions at the Bank.   
 
Principal Accountabilities:
  • Coordinate the activities of the investment department.
  • Review & approve the work of project appraisal and management.
  • Identify good investments opportunities for the Bank.
  • Identify capacity building and technical assistance needs of the Bank’s clients and propose remedial actions.
  • Lead, guide, coach, mentor, appraise and motivate the staff in the department.
  • Oversee production of the required data and analyses for the development and regular update of the Department’s business strategic plan.
  • Ensure that Bank’s database on the macroeconomic factors and investment opportunities is regularly updated.
  • Ensure the investment department follows relevant company policies and procedures.
  • Set, develop and revise departmental strategy and develops clear departmental visions.
  • Set clearly defined objectives and produce comprehensive project plans for the organization.
  • Develop and ensure a good report on the borrowers.
  • Follow up on the developmental impact of the loans granted.
  • Ensure high quality service and good collaboration to the borrowers.
  • Review the project proposal documents from borrowers & ensure that only viable projects are approved for financing.
  • Ensure regular monitoring of the projects in progress and attend to issues which could hinder good performance of those projects.
  • Ensure that non performing projects are identified within ample time to enable remedial measures.
  • Ensure the implementation of the strategic plan of the Bank.
Qualifications, Experience and Knowledge:
  • Masters’ Degree in Economics, Management, Finance or Accounting from an accredited university
  • Bachelor’s degree in Commerce or a relevant field from an accredited university
  • At least eight (8) years’ experience in a similar function
  • Demonstrated knowledge of business strategy, marketing, and operations 
  • Strong background in quantitative and financial analysis
Competences:
  • Outstanding interpersonal and communication skills
  • Excellent negotiation skills
  • Excellent networking skills and ability to maintain relationships with key strategic partners in the industry
  • Demonstrated team leadership, organizational and managerial skills and ability to supervise a team of at least 10 persons
  • Ability to coordinate group activities, ensuring that roles within the team are clear
  • Demonstrated ability to identify investment opportunities
  • Ability to produce high quality reports, presentations and funding proposals
  • Good business acumen and strong entrepreneurial spirit
  • Good leadership and supervisory skills
  • Sound analytical skills
  • Excellent IT skills especially in spread sheets and financial analysis
3. Chief Internal Auditor 
 
Place of Work: Kigali, Rwanda
 
Basic Function: 
 
Under the supervision of the Chief Executive Officer, the Chief Internal Auditor shall be responsible for managing the Internal Audit Unit and other related activities as may be delegated to him or her from time to time by the Chief Executive Officer or the Board Audit Committee of Rwanda Development Bank. 
 
Principal Roles and Accountabilities:
 
The Chief Internal Auditor will be responsible for implementing measures to monitor the effectiveness of the unit in compliance with International Standards for the Professional Practice of Internal Auditing. 

He/she will provide an independent, objective assurance and consulting service to management, with the principal aims of evaluating and improving the effectiveness of risk management, control and governance processes; and makes recommendations on increasing and changing operational efficiency directed towards the Bank’s goal congruence.

Other responsibilities will include:
  • Direct, guide and oversee the development of the annual audit plan in order to ensure adequate coverage of strategic and operational business risks consistent with the organizational goals and objectives.
  • Provide direction to the Internal Audit team to ensure adequate coverage against the plan, to ensure efficient and effective utilization of departmental resources.
  • Guide the internal audit staff in conducting interviews, reviewing documents, developing and administering surveys, composing summary memos, and preparing working papers which provide credible evidence of work done and ensure that reviews are executed in accordance with the International Standards for the Professional Practice of Internal Auditing and any other applicable laws of Rwanda.
  • Direct the overall performance of audit procedures, including identifying and defining issues, developing criteria, and reviewing and analyzing evidence to generate audit reports that add value to the Bank’s business operations.
  • Direct and manage audit staff in the planning, organizing, directing and monitoring of internal audit operations, including assisting in hiring, training and evaluating staff.
  • Champion the development of quarterly holistic internal audit reports to management with observations, risk implications and recommendations on the extent and nature of the effectiveness and adequacy of risk management, control mechanisms, and governance processes and.
  • Spearhead the liaison of the internal unit with the external auditors to enhance the level, efficiency and effectiveness of their service delivery.
Qualifications, Experience and Knowledge:
  • A Bachelor’s degree preferably in Commerce, Economics, Banking, Finance or Business Administration from an accredited university
  • Professional certification such as CIA, ACCA or CPA or equivalent is essential
  • Master’s degree in any of the above or related fields will be an added advantage
  • Successful completion of the CISA or QICA information systems audit certification exams will be an added advantage
  • A minimum of six (6) years relevant work experience including at least three (3) years of recent internal audit experience at a senior management level reporting to an Audit Committee or Board of Directors gained preferably in a financial services institution or an accredited audit or consulting practice
  • Knowledge of computerized accounting and auditing is essential, as well as ability to use Microsoft Office packages
  • Knowledge of contemporary professional developments and ability to apply them to provide strategic direction and vision to the function
Competences:
  • Excellent conceptual, analytical and communication abilities. Ability to quickly synthesize vast amounts of information into coherent and communicable data is critical and highly required
  • Ability to maintain high levels of confidentiality and act as a business consultant to operational and executive management coupled with high level of integrity, objectivity and should be result oriented
  • Ability to provide ongoing training, coaching and supervision to internal audit staff
  • Ability to work independently with extensive latitude for initiative and independent judgment coupled with absolute team spirit
Interested candidates should forward their CVs to recruit@virtualhr.co.ke by 25th September 2012 stating their current and expected remuneration, day time telephone contact and addresses of three referees. 

Only shortlisted candidates will be contacted. 

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