Rwanda Social Security Board Head, Internal Audit Jobs in Rwanda

Rwanda Social Security Board Head, Internal Audit Jobs in Rwanda

About RSSB

The Rwanda Social Security Board (RSSB) has the mandate to manage and promote social security in Rwanda. RSSB's vision is to provide a comprehensive social security system that caters to the diverse social security needs of the population, RSSB plays an important role in realising Vision 2050 and the National Strategy for Transformation (NST1).

RSSB manages six social security schemes, namely: Pension, Occupational Hazards, Medical scheme, CBHI, Maternity Leave Benefits and EjoHeza (Long-term Term Saving Scheme).

As a leading player in the financial sector, RSSB serves as the largest institutional investor in Rwanda. With assets under management amounting to 1.9 trillion Rwf, which is equivalent to 17% of the country's GDP, RSSB invests in key sectors of the economy and plays a crucial role in providing up to 20% of liquidity for the financial sector.

With approximately 12 million members in the above six schemes, encompassing close to 90% of Rwanda's population, RSSB is at the forefront of securing the health and financial well-being of Rwandans.

To achieve its mandate, RSSB is embarking on a transformative journey, aiming to become a modern, data-driven, and high-performing institution. As part of this ambitious initiative, we are seeking highly motivated individuals who are results-oriented and uphold the highest standards of professionalism and integrity.

By joining RSSB, you will have the opportunity to actively contribute to the advancement of social security and overall transformation of Rwanda.

If you are passionate about making a meaningful impact, ready to embrace innovation and change, and eager to work in a dynamic and collaborative environment, then RSSB is the place for you.

Key Duties and Responsibilities

Advise the Board on all internal control procedures within the organisation

Ensure that appropriate technical advice and support and quality assurance is provided to the Audit Committee of the Board and senior management teams

Ensure independent appraisals of organization’s activities, functions, and operations to ascertain internal control frameworks are in place and operating efficiently

Oversee the development, documentation and have approved annual audit plan for organisation and ensure its implementation

Oversee the internal audit plan and development of audit programs for the organisation to ensure efficiency in audit execution

Oversee the risk assessment design and testing activities, based on the risks and processes associated with the area being audited

Ensure detailed audit tests are performed on all RSSB’s operations based on Standard audit programs in accordance with the approved annual audit plan including recommendations to improve efficiency

Review and communicate audit report to the senior management, Chief Executive Officer and to the Board

Circulate and present periodic reports to the Audit Committee highlighting key findings and

management actions taken

Coordinate RSSB External Audit Exercises (RSSB Audit by External Auditor/ Office of the Auditor General/ MINECOFIN Audit/ BNR Onsite Inspection among other audits)

Conduct regular follow up of Internal and External Audit recommendations to ensure timely implementation

Oversee the preparation of period and annual follow up reports on implementation progress of internal and external audit recommendations

Oversee the investigation assignments in the scope of internal audit function within RSSB; review and communicate investigation reports to the CEO and other relevant authorities for further investigation and corrective measures

Ensure internal audit and Board audit committee charters are in place and remain current/ updated

Ensure RSSB’s internal audit framework and operating procedures are certified per the international standards

Spearhead the development of and implementation of the use of innovative approaches in performing independent assessment of systems, controls and efficiencies guided by professional standards

Perform any other duties related to internal audit function as may be assigned from time to time

Key Qualifications and Experience

The successful candidate must have at least:

Master’s Degree in Business Administration with specialization in Audit, Accounting, Commerce, Finance, or any other relevant field preferably with 6 years’ experience, 2 of which should have been in a senior managerial role
OR

Bachelor's Degree in Business Administration, Accounting, Commerce, Finance, or any other relevant field preferably with 8 years’ experience, 2 of which should have been in a senior managerial role

CPA, ACCA, CIA, CISA or equivalent required

Key Competencies

Technical Competencies:

The role holder must have strong skills and sound understanding in audit, its processes, techniques and practices

The incumbent must have strong knowledge in financial engineering, modeling and reporting skills

The incumbent must demonstrate sound knowledge in business continuity management and financial acumen

Behavioral Competencies:

Must demonstrate impeccable customer service focus, strategic thinking, and strong ethical background with an ability to resist and zero tolerance for corrupt, political and other undesirable influences

Must be able to establish and maintain constructive and effective relationships with key stakeholders and staff alike

Must be open to change and adapt established methods for new uses within the institution

How to Apply

For more information and job application details, see; Rwanda Social Security Board Head, Internal Audit Jobs in Rwanda

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