5 Job Positions at Business Development Fund(BDF Ltd): (Deadline 8 August 2024)

Job Title:

Compliance Officer

Reports to

• Director of Risk and Compliance

Grade:

BD 5

Department:

N/A

Direct Reports

•  N/A

Section:

Compliance

Unit:

Risk and Compliance

Job Purpose:

To manage and ensure that BDF employees and the company follow all industry guideline.

Key Responsibilities and Job Dimensions

Key Responsibilities

•  Take the lead on the implementation of the cascaded strategy for the compliance department as well as the development of annual workplan.
•  Assist in the overall design and implementation of the compliance program for BDF.
•  Assist in the development of compliance policies and procedures.
•  Conduct environmental audits adhering to environmental standards.
•  Perform periodic compliance testing/surveillance and ensure successful and timely completion of the compliance program.
•  Check for, investigate, and resolve any potential unethical or illegal behaviour.
•  Create and coordinate proper reporting channels for compliance issues.
•  Monitor the compliance of existing policies, procedures, and practices in accordance with the BDF rules and regulations.
•  Provide advice and guidance to management and staff regarding new or emerging global compliance issues and market trends.
•  Stay abreast of regulatory and legal developments, interpret, and apply them across the various departments of BDF.
•  Develop and implement periodic training for all departments to ensure staff awareness of potential and existing compliance matters and market trends applicable to BDF for example Anti-Money Laundering, Anti-Bribery and Fraud, Sanctions Regime and Code of Ethics.
•  Provide timely response to BDF stakeholders on compliance matters related to BDF’s legal and regulatory framework.
•  Undertake research work in the compliance matters related to BDF’s legal and regulatory framework and new development.
•  Collaborate with Internal Audit function on their recommendation on compliance related issues for implementation.
•  Conduct regular review of BDF’s corporate compliance with existing policies, procedures and practices and propose amendments to Management.

Decision Making/ Job Influence

The role makes decisions on an individual level on implementation and carrying out of work packages and is personally accountable for those decisions.

Working Conditions

The role is responsible for making decisions for the unit/ team in terms of planning and allocation of duties, allocation of resources, and timelines.

Job Competencies (Knowledge, Experience and Attributes / Skills).

Academic Qualifications

•  Bachelor’s degree in any of the following fields: Law, Finance, Business Administration or any other relevant qualification.
•  Master’s degree in any of the following fields:Law, Business Administration or any other relevant qualification is an added advantage

Professional Qualifications / Membership to professional bodies

•  Membership to a proffessional body such as International Compliance Association (ICA) or Certified Public Accountants of Rwanda is an added advantage/ preferred.

Previous relevant work experience required

•  The role requires to have served in a subordinate role for a minimum period of 3 year(s).
•  The role requires at least 5 years of cumulative relevant experience.

Functional Skills:

Behavioral Competencies/Attributes:

•  Strong knowledge of the legal and regulatory framework applicable to microfinance and development institutions
•  Excellent oral, interpersonal, and writing skills
•  High ethical standards, strong critical thinking, and problem-solving skills
•  Possess a versatile multi-disciplinary skill set
•  Business oriented mind-set and analytical skills
•  Ability to work under pressure and meet urgent deadlines

•  Leadership skills
•  Communication skills and Interpersonal relations
•  Ability to ensure businesses follow all regulations.
•  Interpersonal relations
•  Strong personality
•  Confidentiality
•  Emotional intelligence
•  Assertive

Job Title:

Director of Internal Audit

Reports to

•  The Board of Directors
•  Chief Executive Officer (Administratively)

Grade:

BD 3

Department:

N/A

Direct Reports

v Operations Auditor

Section:

N/A

Unit:

Internal Audit

Job Purpose:

To evaluate overall Company’ activities and give assurance of adequate control measures within departments/units.

The role holder will also be responsible for planning and conducting audits to evaluate the effectiveness of internal controls based on an approved annual risk-based audit plan in line with approved Charter, regulatory and supervisory requirements, and expectations.

Key Responsibilities and Job Dimensions

Key Responsibilities

•  Develop audit strategies and protocols for all areas of audit in accordance with the risk-based approach and audit methodology.
•  Ensure compliance with acceptable audit standards in mitigation of business and operational risks.
•  Manage audit protocols and audit risk planning and assessment.
•  Demonstrate through knowledge and understanding of risk, control, and auditing methodologies.
•  Prepare formal written reports, providing assurances on the adequacy and effectiveness of controls and the efficiency with which activities are carried out.
•  Report audit findings, and to make pragmatic and practical recommendations to address any weaknesses identified.
•  Determine the critical areas of risk and appraise their significance in relation to operational and strategic factors and make recommendations to reduce risk and add value.
•  Appraise the adequacy of the corrective action taken to improve deficient conditions.
•  Coordinate and facilitate external audit exercises.
•  Develop and maintain productive client and staff relationships, through individual contacts and group meetings.
•  Conduct fraud investigations for the organization (where necessary).
•  Perform consulting services for management through participation in projects designed to introduce new and/or changing processes, products, or facilities.
•  Lead in development of the BDF’s annual audit plan.
•  Manage performance of audit assignments, review workpapers and audit reports; edit reports prepared by other auditors.
•  Schedule and plan audits; initiate project planning, assess risk and develop audit direction.
•  Deliver on performance requirements as defined in the departments’ strategy map, balanced scorecard, and Personal Scorecard/development plan.

Decision Making/ Job Influence

The role makes decisions for the department/ function on strategy development, review and implementation, scheduling and allocating duties and giving timelines for staff, performance management and allocation of resources.

Working Conditions

The role works under normal working conditions.

Job Competencies (Knowledge, Experience and Attributes / Skills).

Academic Qualifications

•  Master’s Degree in Accounting, Commerce, Finance, Business Administration, Economics or any other business related field or any other relevant qualification.
•  Bachelor’s degree in Business management, Finance and Accounting or any other relevant qualification.

Professional Qualifications / Membership to professional bodies

• Have certification in either CIA,CPA or ACCA is an added advantage/ preferred.

Previous relevant work experience required

•  The role requires to have served as a internal audit officer for a minimum period of 5 year(s).
•  The role requires at least 7 year(s) of cumulative relevant experience.

Functional Skills:

Behavioral Competencies/Attributes:

• Knowledge of Internal Auditing Techniques and Standards
• Knowledge of Computer Assisted Auditing software
• Analytical skills
• Strong verbal and written communication skills

•  Integrity
•  Confidentiality
•  Investigative
•  Attention to details
•  Procedural
•  Risk conscious

Job Title:

Operations Auditor

Reports to

•  Director of Internal Audit

Grade:

BD 5

Department:

N/A

Direct Reports

• N/A

Section:

Operations

Unit:

Internal Audit

Job Purpose:

To execute operations audit and assess BDF’s operations, process, financial, compliance and other associated risks.

Key Responsibilities and Job Dimensions

Key Responsibilities

•  Identify opportunities for improving operations, based on audit outcomes, to minimize risks.
•  Prepare and present quality reports of audit findings and recommendations to Senior Internal Auditor.
•  Identify and document inherent risks and control indicators within the business operations.
•  Develop a risk-based test plan by selecting appropriate audit approach, test procedures and sampling criteria based on professional judgment and defined internal audit methodology.
•  Identify operational risks and make recommendations to manage risks.
•  Maintain documentation for risk assessment and management processes.
•  Perform audit related investigation as directed by the Senior Internal Auditor.
•  Evaluate and revise internal controls and operational and management policies/procedures.
•  Ensure past audit recommendations are implemented in current audit process.
•  Ensure compliance with government laws and company regulations.
•  Recommend industry leading best practices in areas of audit.
•  Contribute to the safeguarding of corporate assets and the interests of BDF by ensuring that appropriate internal controls are in place and operating effectively.
•  Assist with investigations of suspected internal fraud.

Decision Making/ Job Influence

The role makes decisions on an individual level on implementation and carrying out of work packages and is personally accountable for those decisions.

Working Conditions

The role works under normal working conditions.

Job Competencies (Knowledge, Experience and Attributes / Skills).

Academic Qualifications

•  Bachelor’s degree in Business Finance, Accounting or related field from a recognised college/institution

Professional Qualifications / Membership to professional bodies

•  Be willing and ready to pursue the relevant professional certifications

Previous relevant work experience required

• The role requires at least 3 year(s) of cumulative relevant experience.

Functional Skills:

Behavioral Competencies/Attributes:

•  Extremely proficient and knowledgeable in audit techniques, generally accepted accounting principles, and generally accepted auditing standards, including IIA
•  Strong Analytical and Organizational Skills
•  Ability to prioritize and manage multiple projects simultaneously
•  Ability to embrace and embody continuous improvement approaches in the audit process
•  Strong Communication and Interpersonal Skills

•  Interpersonal relations
•  Strong personality
•  Confidentiality
•  Emotional intelligence
•  Assertive

Job Title:

Director of Risk and Compliance

Reports to

•  The Board of Directors
•  Chief Executive Officer (Administratively)

Grade:

BD 3

Department:

N/A

Direct Reports

•  Risk Officer
•  Compliance Officer

Section:

N/A

Unit:

Risk and Compliance

Job Purpose:

To ensure effective and efficient management of BDF’s risk through development and implementation of appropriate risk management frameworks and ensure that BDF conducts its business processes in compliance with laws and regulations, professional standards, international standards, and accepted business practices.

Key Responsibilities and Job Dimensions

Key Responsibilities

•  Develop the Enterprise Risk Management Framework (policies, procedures, tools/modes, systems, and structure), to minimize losses and protect BDF’s reputation.
•  Participate in the review of BDF’s strategy and process to advise on aspects that will result in the implementation of a coherent strategic plan that is relevant and achievable.
•  Guide integration of enterprise risk management with other organizational planning and management activities.
•  Collaborate with managers at all levels across the organization to ensure that risk management is embedded to an operational level within the business and that staff at all levels are aware of and manage risk as a core part of their responsibilities.
•  Conduct regular risk assessments and preparation of all documentation related to risk assessment and review standard operating procedures ensuring that recommended improvements are fully implemented.
•  Advise the management on financing decisions based on risks identified and ratings proposed for the project.
•  Ensure all the tasks are done with higher accuracy to assure safety of the employees and BDF as well.
•  Manage business resiliency and drive business continuity planning from a risk perspective.
•  Develop compliance policies and procedures and monitor and report on compliance risk.
•  Ensure that the organization runs in compliance with laws and regulations, professional standards, international standards, and accepted business practices.
•  Ensure action plans associated with identified risk issues are communicated and actioned within applicable timelines.
•  Ensure that all the employees are thoroughly updated about the organization’s policies, regulations, and processes.
•  Liaise with department and unit heads on the adequacy of proposed actions in management of risk areas highlighted in risk management report.
•  Evaluate the adequacy of the company’s internal control framework in addressing risks and accomplishing the company’s goals and objectives.
•  Undertake an annual review of the risk and compliance management policies in preparation for Board sign off, communicating amendments to business areas as required

Decision Making/ Job Influence

The role is responsible for making decisions for the department for the department/team in terms of planning and allocation of duties, allocation of resources, and timelines.

Working Conditions

The role works under normal working conditions.

Job Competencies (Knowledge, Experience and Attributes / Skills).

Academic Qualifications`

•  Bachelor’s degree in any of the following fields: Business Management, Accounting, Finance or any other relevant qualification.
•  Master’s degree in any of the following fields: Security and Risk Management, Project Management, Business Management, Accounting, Finance or any other relevant qualification.

Professional Qualifications / Membership to professional bodies

•  Membership to a professional body such as RIMS (Risk Management Society)-Certified Risk Management Professional is an added advantage/ preferred.

Previous relevant work experience required

•  The role requires to have served in a subordinate role for a minimum period of 5 year(s).
•  The role requires at least 7 years of cumulative relevant experience.

Functional Skills:

Behavioral Competencies/Attributes:

•  Excellent Organizational Skills
•  Proficient Communication Skills
•  Effective Problem-solving
•  Assessment & Interpretation
•  Critical Thinking Ability
•  Creativity
•  Strong Interpersonal Skills
•  Sound Understanding of Regulatory Guidelines and Security Policies

•  Leadership
•  Independence
•  Charisma
•  Integrity
•  Communicator and mentor
•  Human and firm

Job Title:

Risk Officer

Reports to

•  Director of Risk and Compliance

Grade:

BD 5

Department:

N/A

Direct Reports

•  N/A

Section:

Risk

Unit:

Risk and Compliance

Job Purpose:

To coordinate across all business lines to assist in the identification, monitoring, and reporting of risks taken throughout BDF.

Key Responsibilities and Job Dimensions

Key Responsibilities

•  Coordinate and conduct various risk assessments for the organization.
•  Assist in managing the risk exposure of the company and formulate the recommendations to mitigate those risks.
•  Maintain the BDF risk register by analyzing internal audit reports and internal and external data to compile and maintain the risk register.
•  Assist the Senior Risk Officer in responding to actual and potential risk events.
•  Implement and monitor the achievement of the annual risk plan.
•  Provide support and training to staff to build risk awareness within BDF.
•  Ensure proper risk incident monitoring and management by having relevant data capture formats, registers, and proper implementation of corrective actions by relevant department and branches through sufficient follow up.
•  Conduct frequent field visits to investigate the underlying issues and assess the effectiveness and efficiency of the existing process, procedures, and controls.

Decision Making/ Job Influence

The role makes decisions on an individual level on implementation and carrying out of work packages and is personally accountable for those decisions.

Working Conditions

The role is expected to work standard hours but occasionally, may be expected to work outside the normal hours and may travel to a field environment.

Job Competencies (Knowledge, Experience and Attributes / Skills).

Academic Qualifications

•  Bachelor’s degree in any of the following fields: Statistics, Economics, Mathematics, Analytics, or any other relevant qualification.

Professional Qualifications / Membership to professional bodies

•  Membership to a professional body such as RIMS (Risk Management Society)-Certified Risk Management Professional is an added advantage/ preferred.

Previous relevant work experience required

• The role requires 3 years of cumulative relevant experience.

Functional Skills:

Behavioral Competencies/Attributes:

•  Strong business acumen and broad-based business skills
•  Excellent understanding of the DBF culture
•  Analytical ability and follow through skills to comprehend a wide range of risks
•  Full understanding of all ERM principles and techniques
•  Project Management skills

•  Courage and confidence
•  Integrity, ethics, and values
•  Collaborator, partner, innovator
•  Proactiveness
•  Strong communication and interpersonal skills