Senior Remittance Policy Specialist - IPSA 11



Advertised on behalf of :

Location : Home-based
Application Deadline :30-Nov-22 (Midnight New York, USA)
Additional Category :Sustainable Development and Poverty Reduction
Type of Contract :IPSA (Regular)
Post Level :IPSA-11
Languages Required :
English  
Duration of Initial Contract :12 months
Expected Duration of Assignment :12 months

UNDP is committed to achieving workforce diversity in terms of gender, nationality and culture. Individuals from minority groups, indigenous groups and persons with disabilities are equally encouraged to apply. All applications will be treated with the strictest confidence.

UNDP does not tolerate sexual exploitation and abuse, any kind of harassment, including sexual harassment, and discrimination. All selected candidates will, therefore, undergo rigorous reference and background checks.


Background

Instructions to Applicants: Click on the "Apply now" button. Input your information in the appropriate Sections: personal information, language proficiency, education, resume and motivation. Upon completion of the first page, please hit "submit application" tab at the end of the page. Please ensure that CV or P11 and the Cover letter are combined in one file.

The following documents shall be required from the applicants:

Personal CV or P11, indicating all past positions held and their main underlying functions, their durations (month/year), the qualifications, as well as the contact details (email and telephone number) of the Candidate, and at least three (3) the most recent professional references of previous supervisors. References may also include peers.

A cover letter (maximum length: 1 page) indicating why the candidate considers him-/herself to be suitable for the position.

Managers may ask (ad hoc) for any other materials relevant to pre-assessing the relevance of their experience, such as reports, presentations, publications, campaigns or other materials.

 

Office/Unit/Project Description 

UNCDF makes public and private finance work for the poor in the world’s 47 least developed countries. With its capital mandate and instruments, UNCDF offers “last mile” finance models that unlock public and private resources, especially at the domestic level, to reduce poverty and support local economic development.

The UN General Assembly adopted the 2030 Agenda for Sustainable Development in September 2015. The 2030 Agenda recognizes migration as a core-development consideration, marking the first time that migration is explicitly integrated into the global development agenda. It also recognizes a major relevance of international migration as a multidimensional reality of and for the development of countries of origin, as well as transit and destination, which requires coherent and comprehensive responses.  

Migration is also considered key to achieving the Sustainable Development Goals (SDGs). The adoption of the SDGs and explicit references to migration in 76 of its 17 goals, mainstreamed migration into global development policy. Migration can reduce poverty (SDG 1), improve health and education outcomes (SDGs 3 and 4), gender equality outcomes (SDG 5), foster growth and innovation (SDGs 8 and 9) and reduce inequality (SDG 10).  

Remittances, on the other hand, can also contribute to reaching the SDGs in a variety of ways:  

  • Household level: by recognizing the positive socioeconomic impact of remittances on families and communities  
  • Community level: Benefits associated at sub-national or municipal levels including reduced rural poverty, lower income inequality, increased micro small and medium enterprises (MSME) activity, and strengthen resilience to adverse effects of climate change or disaster risks  
  • Government level: Benefits for public sector institutions including greater transparency, better communication with citizens, and increased private sector development and entrepreneurship as a result of access to capital and domestic credit  
  • Macro level: At macro-economic level, remittances can foster much needed foreign currency exchange, stabilize BOP, reduce dependency on government aid, and re-allocate capital resources into more productive investments and other financial services – moving money from international to domestic, consumption to investment, and from urban to rural.  

UNCDF aims to improve the functioning of the remittance market in order to improve the financial health of migrant families while strengthen economic development efforts of the origin and host countries. In doing so, UNCDF engages with public and private sector stakeholders to strengthen the capacity of the regulators to monitor and analyze the remittance transaction data towards evidence-based policy making, enable a conducive policy and regulatory environment, and deliver financial and technical assistance to a wide range of financial institutions (e.g. banks, cooperatives, microfinance institutions, money transfer operators, and mobile networks operators) to improve the digital remittance ecosystem and design migrant-centric financial products and services (e.g. savings, credit, insurance, payment services, remittances, pension, and investment).  

 

Institutional Arrangement

The Senior Remittance Policy Specialist reports to the Remittance Policy Specialist of the Migration and Remittances  portfolio. 


Duties and Responsibilities

Scope of Work

a) Review regulatory assessment diagnostics for IGAD, ECOWAS, and ECCAS countries and support the design of new projects with regional economic communities and respective member states;

b) Support the development of an Inclusive Remittance Policy and Regulatory Framework Reference Guide for regulators;

c) Mapping of customer empowerment policy and regulations: enablers &  constraints, roles & responsibilities;

d) Support the development of the Remittance reporting framework and assessment guide, including a review of BoP and remittances reporting requirements of IGAD, ECOWAS, and ECCAS member states, as part of evidence-based policy-making process.

e) Coordinate consultations with central banks on remittance transaction reporting systems with a focus on how central banks capture, monitor, and analyze remittance flows.


Competencies

Core

Achieve Results:

LEVEL 3: Set and align challenging, achievable objectives for multiple projects, have lasting impact

Think Innovatively:

LEVEL 3: Proactively mitigate potential risks, develop new ideas to solve complex problems

Learn Continuously:

LEVEL 3: Create and act on opportunities to expand horizons, diversify experiences

Adapt with Agility:

LEVEL 2: Adapt processes/approaches to new situations, involve others in change process

Act with Determination:

LEVEL 3: Think beyond immediate task/barriers and take action to achieve greater results

Engage and Partner:

LEVEL 3: Political savvy, navigate complex landscape, champion inter-agency collaboration

Enable Diversity and Inclusion:

LEVEL 3: Appreciate benefits of diverse workforce and champion inclusivity

People Management: NA

Cross-Functional & Technical competencies

Thematic Area

Name

Definition

Digital and Innovation

Digital Ecosystems

Knowledge of how they work, understanding of the opportunities and challenges for governments and society

Digital and Innovation

Connectivity and the digital divide

Knowledge of how connectivity and the digital divide work, understanding of the opportunities and challenges for governments and society

Digital and Innovation

Policy/Regulations for digital and emerging technology

Ability to design or advise on regulations and policy for digital and emerging technology

2030 Agenda: People

Gender

Women's Economic Empowerment, including labour issues


Required Skills and Experience

Min. Education requirements

  • A Master’s degree in technology, economics, public/business administration, social sciences, or related discipline or the equivalent experience

Min. years of relevant work experience

  • A minimum of seven years of dedicated experience developing an inclusive digital payments ecosystem 
  • A minimum of three years of experience participating in country-level research, assessments, and stakeholder engagement is considered a plus, along with previous experience in building relationships with stakeholders to understand remittance business models and identify potential constraints

Required  skills

  • Work experience in Africa and Asia
  • Experience in working with government institutions and international development organizations supporting demand-driven implementation processes. 
  • Experience in legal and regulatory frameworks for cross-border remittance that foster transparency, consumer protection, oversight capacities, and access to remittance services.

Desired skills in addition to the competencies covered in the Competencies section

  • Integrity and professionalism: demonstrated expertise in area of specialty and ability to apply good judgment; high degree of autonomy, personal initiative and ability to take ownership; willingness to accept wide responsibilities and ability to work independently under established procedures in a politically sensitive environment, while exercising discretion, impartiality and neutrality; ability to manage information objectively, accurately and confidentially; responsive and client-oriented.
  • Accountability: mature and responsible; ability to operate in compliance with organizational rules and regulations.
  • Commitment to continuous learning: initiative and willingness to learn new skills and stay abreast of new developments in area of expertise; ability to adapt to changes in work environment.
  • Planning and organizing: effective organizational and problem- solving skills and ability to manage a large volume of work in an efficient and timely manner; ability to establish priorities and to plan, coordinate and monitor (own) work; ability to work under pressure, with conflicting deadlines, and to handle multiple concurrent projects/activities.
  • Teamwork and respect for diversity: ability to operate effectively across organizational boundaries; ability to establish and maintain effective partnerships and harmonious working relations in a multi-cultural, multi-ethnic environment with sensitivity and respect for diversity and gender.

Required Language(s)

  • Excellent command of English

Professional Certificates

  • NA



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