With 75 years of experience, our focus is on helping the most vulnerable children overcome poverty and experience fullness of life. We help children of all backgrounds, even in the most dangerous places, inspired by our Christian faith.
Come join our 33,000+ staff working in nearly 100 countries and share the joy of transforming vulnerable children’s life stories!
Key Responsibilities:
4.1 Internal Audit Manager JD PDQ
JOB DESCRIPTION & POSITION DESCRIPTION QUESTIONNAIRE
Today’s Date
March, 2026
Job Title (HR Role)
Internal Audit Manager
Manager’s Title
Regional Audit Manager / Board Audit Committee (BAC) / CEO
Department
Internal Audit
Location
VFR Head Office
For P & C Use Only:
Hay Job ID
Hay Grade 16
Date Job Evaluated
Section I – JOB DESCRIPTION
PURPOSE OF POSITION
This purpose of position will be used in the advertisement. Please describe the role in 2-3 concise sentences. Focus on the core of what this role is supposed to achieve. Describe the purpose of this position and how this position contributes to achieving department objectives and the management and performance of others.
- Support VFR accomplish its objectives, create, protect and sustain value by providing an independent, risk-based, and objective assurance over risk management, control and governance processes.
- Monitor VFR’s compliance with the existing laws, rules and regulations in the country.
- Monitor compliance with VFR’s and VFI’s standards, policies and procedures for financial, operational and social performance requirements.
- Advise the VFR Board of Directors and VFR Management on the adequacy and effectiveness of the internal control systems and risk management
- Perform any statutory function related to Internal Audit required by the regulators of VFR.
MAJOR RESPONSIBILITIES
List statements describing the final results of this position and method of accomplishments, and how results/performance are reviewed and measured. Begin with the most important accountabilities.
% Time
Major Activities
End Results Expected
(5%) Planning
- Develops and submits for approval to the BAC annual audit plan that outlines the activities to be undertaken by the Internal Audit Department (IAD) during the year.
- Prepare amended internal audit plan and present it to the Audit Committee for approval in case of significant shifts in risk profile or significant changes in the operations of VFR.
- Annual plan prepared before beginning of Q1 and approved by the audit committee
(15%) Reporting
- Submits timely reports to management for all the audits conducted during the year;
- Submits written audit reports & internal audit activity reports to the Audit Committee before every scheduled Board meeting;
- Presents the audit activity reports during the BAC meeting every quarter;
- Submits high quality progress reports to RAM monthly and attends regular check in meetings with RAM as required;
- Tracks the status of implementation of issues/corrective actions arising from audit reports and provides updates to Management, RAM and BAC;
- Presents to Management the results from continuous audit & analytics each month;
- Informs all concerned staff on changes in internal control and audit policies and procedures.
- At least 90% of Audit Reports published within 30 calendar days of fieldwork close.
- Audit Reports to BAC submitted at least 15 days prior to the meeting.
- Monthly progress reports submitted within 7 working days of month end to RAM. Attendance of regular check in meetings organized by RAM.
- Summary of issues / corrective action status sent to RAM and Management monthly.
(40%)
Audit Work
- Carries out the Internal Audit Plan with the assistance of the Internal Auditors (if any) or on their own;
- Performs testing or ensures testing done by Internal Auditors is as per required standards and latest Audit Program;
- Prepares, reviews and issues all IAD audit reports after approval by the RAM;
- Discusses the results of audits with respective head office /branch department managers and advices on appropriate corrective actions to improve conditions;
- Ensures all audit testing is adequately documented and archived for the period required by VFI policy and local regulatory authorities;
- Ensures data analytics is completed each month by the IAD as part of continuous audit and monitoring;
- Independently appraises all operational functions of the institution;
- Reviews and updates Audit Programs and the Audit Manual when there are changes to products, processes, regulations or systems.
- 100% completion of the approved Internal Audit Plan.
- Number of Critical audit issues raised which result in change in the VFR.
- Excellent quality testing, reports and work paper standards reflected by reduced number of coaching notes and feedback from RAM.
- Monthly data analytics report
- An up-to-date Audit Program and Audit Manual in place (updated at least annually).
(20%) Supervision and Training
- Supervises, motivates and reviews the work of the Internal Auditors (if any);
- Trains less experienced auditors to meet IAD audit standards;
- Appraises and evaluates all IAD staff development plans;
- Works to develop self and team members continuously;
- Ensures all members of IAD complete the required number of CPE hours every year.
- All staff appraisals conducted within deadlines.
- Positive feedback obtained from staff during 360-degree feedback sessions.
- Staff satisfaction within the internal audit department (if measured) over 90%.
- Hours of CPE training spent in a year to maintain certifications.
- Complete at least eight man-days of training per staff per year.
(5%) Assist in Fraud investigations and external audits.
- Assists in the execution of external audits as well as examination to be conducted by government regulatory agencies and other stakeholder/raters;
- Promptly investigates any fraud incidents escalated by management, staff, RAM, BAC or through Whistle Blowing channel;
- Monitors implementation of issues raised by the external auditor’s management letters and Regulatory reviews.
- Thorough fraud investigations completed and report prepared within 30 days of escalation to Internal Audit.
- Quarterly updates on status of issues raised by external auditors and other regulatory reviews submitted to RAM, BAC and CEO.
(5%) Meeting Budget
- Prepares the IAD budget in line with the Annual Plan.
- Tracks performance against the budget and ensures that the budget is not exceeded.
- Actual expenses do not exceed the budget without compromising on plan execution.
- Variances are tracked at least quarterly.
(5%)
Quality Assurance
- Supervises engagement planning, reviews team members’ work papers and draft reports prepared by team members to ensure consistent quality of work.
- Facilitates an internal quality assurance review of the department’s work and activities to evaluate conformance with the Global Internal Audit Standards.
- Review and coaching notes to team members from reviews done by IAM
- Quality Assurance Assessment report prepared by the IAM at least annually
(5%) Relationship Building
- Build strong working relationships with the CEO and Senior Management team of VFR;
- Build strong relationship with the RAM and demonstrate leadership skills with IA team;
- Build strong relationships with the BAC, external regulators / auditors.
- Discussions and meetings are cordial and controlled.
- Disagreements are ironed out at the RAM, RAD or RD level.
- Other tasks assigned by Supervisor
KNOWLEDGE, SKILLS AND ABILITIES
List education, knowledge & skills, licenses preferred, and all experiences required to perform this position in a fully competent manner.
Minimum education, training and experience requirements to qualify for the position:
List academic, technical skills or other knowledge required as a minimum qualification for this position.
- University degree in accountancy or business administration.
- Professional accounting (CPA/ACCA) or MBA qualification required – CISA certification will be an added advantage; Candidates without a professional qualification will be considered exceptionally (requires approval of VFI Audit Director).
- Excellent proficiency in the use of all Microsoft office applications especially Excel
- Capability and willingness to take responsibility
- A high sense of integrity
- Determined personality with initiative, perseverance and the ability to motivate and manage the team.
- Must be a committed Christian and able and willing to participate and lead in daily devotions.
List additional work experience required as a minimum qualification for this position.
- Minimum of 5 years audit experience in banking supervision and/or microfinance (with a minimum of 2 years demonstrated strong leadership experience in planning, supervision and management of an internal audit department a must
- Experience advising senior management and reporting to audit committees on risk management and monitoring a must
Preferred Skills, Knowledge and Experience:
List academic, technical skills or other knowledge preferred for this position.
- Understanding of, Orbit sun systems, eMerge, TMS or other relevant accounting and loan tracking software would be an advantage.
- Good communication skills in English and Kinyarwanda.
List additional work experience preferred for this position.
- Experience in systems analysis and audit would be added advantage
License, registration, or certification required to perform this position:
CA, CIA, CPA, ACCA or equivalent.
Applicant Types Accepted:
Local Applicants Only
