EAC FSDRP I Project REGIONAL FINANCIAL POLICY ADVISOR- SECTORAL ANALYSIS IN ARUSHA , TANZANIA

BACKGROUND

The EAC Financial Sector Development and Regionalization Project I (EAC - FSDRP I), which is funded by a $16 million IDA grant, became effective in June 2011. The project aims to support the development of the East African financial sector, through the establishment of a single market in financial services. Creation of a single financial services market, will also contribute to realization of the Common Market Protocol, by facilitating the attainment of the four freedoms i.e. movement of goods, labour, services and capital.

Under FSDRP I, the Project Administration Team (PAT) has begun work to establish foundations for EAC financial sector regionalization through; establishing core capacity at the institutional level to support the EAC financial sector integration process; producing EAC model directives for financial sector laws and regulations; and achieving early wins in regional integration of market infrastructure.

The FSDRP I is structured into six components. The components are: (i) financial inclusion and strengthening market participants (ii) harmonization of financial laws and regulations against common standards; (iii) mutual recognition of supervisors; (iv)integration of financial market infrastructure; (v) development of a regional bond market; and (vi)capacity building. The East African Community Secretariat intends to use part of the project’s funding for recruitment to fill various vacant positions.

REGIONAL FINANCIAL POLICY ADVISOR- SECTORAL ANALYSIS

(1 POST) – (REF: EAC/HR/2012/42)

Directorate: Planning
Reports to: Project Manager
Duration of Contract: 2 years Fixed Term (Non-Established)
Station: East African Community (EAC) Headquarters,

Arusha, Tanzania


MAIN PURPOSE OF THE POST

To facilitate efficient and effective implementation of the EAC- Financial Sector Development and Regionalization Project, by improving the performance of East Africa’s financial markets.

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SCOPE OF WORK

The key responsibilities of the Regional Financial Policy Advisor will include:

1. Provide guidance and advice on the operations of the financial sector in the Partner States;

2. Provide substantive technical input into policies and strategy facilitating the operations of the financial market with a view to establishing a single market in financial services among EAC Partner States;

3. Play a leading role in the adoption of the international best practices by Partner States;

4. Facilitate the improvement of standards with a view to creating an efficient surveillance of securities transactions across borders of the Partner States;

5. Develop programs for capacity building with a view to ensure integration of EAC Financial Markets;

6. Facilitate the implementation of Council and Summit decisions/ directives related to the sector;

7. Facilitate sharing of data and other relevant information with a view to ensuring transparency in the sector;

8. Develop a comprehensive financial surveillance database, monitoring and evaluation system;

9. Facilitate the creation of a platform for comprehensive exchange of experiences and sharing the regional capacities among EAC Partner States;

10. Provide technical backstopping to Partner States at various stages of creating an efficient financial market;

11. Identify challenges in the harmonization process and suggest policy options;

12. Provide leadership on policy dialogue with EAC Governments and stakeholders and providing guidance to management on technical issues;

13. Cultivate strategic relationships with stakeholders and line up specialists, as needed, to follow up;

14. Ensuring alignment of policy development activities with the World Bank guidelines;

15. Manage tasks related to strategic initiatives;

16. Lead and coordinate the team responsible for sectoral analysis;

17. Take responsibility for overall quality of deliverables and follow-up to ensure on-time delivery with regard to staff under his/her supervision;





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18. Upstream review of technical/study reports/ project documents and provide comments as required;

19. Present monthly reports on the FSDRP I progress in a format and level of detail agreed with EAC Secretariat and stakeholders;

20. Assist the EAC Secretariat in preparing quarterly project progress reports, a project completion report, and monitoring and evaluating operational and strategic reports;

21. Foster a team environment, mentor staff and ensure that capacity building is well integrated into all project activities;

22. Undertake other duties as may be requested by the EAC Secretariat.


DELIVERABLES

The Regional Financial Policy Advisor will deliver the following:-

i. Harmonized standards and policies on operations of an efficient financial market in place and adopted by the Partner States;

ii. Enhanced Capacity of the national experts and other relevant stakeholders in the integrated financial market;

iii. A comprehensive strategy on policy options for the improvement of the performance of the financial markets;

iv. Progress reports on the development of an efficient market.

QUALIFICATIONS AND EXPERIENCE:

Applicants should have a master’s degree in Finance Economics or any relevant areas, with bias in Finance, from a recognised University/ institution. Holders of PhD in the relevant areas will have an added advantage.

At least eight (8) years demonstrated working experience in operations of financial markets at national, regional or international organizations level with a master’s degrees or three (3) years with a PhD

COMPETENCIES AND SKILLS:

Ability to develop practical and innovative approaches to difficult policy institutional and operational issues. Practical knowledge in policy formulation for operations of financial markets and ability to engage in a broad range of financial policy issues,- including financial sector policy and regulation, banking, capital markets, insurance, access to finance, rural finance, banking governance, and the financial aspects of PPP. Knowledge of the East African Community integration processes. Effective communication, presentation, analytical and writing skills. Leadership, team building and people management skills. Fluent in both written and spoken English. Working experience in a multi-cultural and multinational environment is an added advantage.



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TERMS AND CONDITIONS OF SERVICE:

This post is a non-established EAC-FSDRP project position, supported by donor funds. Contract terms are limited to the period of the project (i.e. March 2014). Renewal is possible subject to extension of the funding and individual staff’s performance. Attractive consolidated remuneration packages for fixed contract positions will be paid in accordance with the EAC-FSDRP budget.

HOW TO APPLY:

Suitably qualified candidates should submit their applications quoting the reference number of the position applied for, by registered mail, courier service, e-mail (all soft copies should be in MS Word) or dispatch together with Curriculum Vitae, copies of both academic and professional certificates and testimonials, names and addresses of three referees, and day time telephone/cell phone contact details to:

The Secretary General East African Community

Arusha International Conference Centre 5th Floor, Kilimanjaro Wing

P.O. Box 1096 Arusha - Tanzania.

Fax No: 007 27 2502455/2504481 E-mail: vacancies@eachq.org


To be received not later than October 15th 2012