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Digital Finance Expert
|Advertised on behalf of :|
|Location :||Dhaka, BANGLADESH|
|Application Deadline :||14-Jan-19 (Midnight New York, USA)|
|Type of Contract :||Individual Contract|
|Post Level :||National Consultant|
|Languages Required :||English|
|Starting Date :|
(date when the selected candidate is expected to start)
|Duration of Initial Contract :||12 months|
|Expected Duration of Assignment :||24 months based on performance, need and budget|
UNCDF is the UN’s capital investment agency for the world’s least developed countries. It creates new opportunities for poor people and their communities by increasing access to finance and investment capital. UNCDF focuses on Africa and the poorest countries of Asia and the Pacific, with a special commitment to countries emerging from conflict or crisis. It provides seed capital – grants and loans – and technical support to help microfinance institutions reach more poor households and small businesses, and local governments finance the capital investments – water systems, feeder roads, schools, irrigation schemes – that will improve poor peoples’ lives.
Despite the rapid growth of the microfinance industry in the past ten years, it is estimated that between two and three billion people still lack access to a broad range of financial products and services on a sustainable basis. The situation is particularly dire in the LDCs, where often more than 90 per cent of the population is denied access to financial services from the formal financial system. UNCDF focuses its strategy on financial inclusion, which is universal access, at a reasonable cost, to a wide range of financial services, provided by a variety of sound and sustainable institutions. The range of financial services includes savings, short and long-term credit, leasing and factoring, mortgages, insurance, pensions, payments, local money transfers and international remittances.
Based on the experience of reaching last mile and digital as a key driver, UNCDF under financial inclusion practice has consolidated its strategy to support last mile solutions. Under the new strategy digital is a key enabler and functions complementing other sectoral and segment based initiative.
UNCDF in Bangladesh:
UNCDF engagement in Bangladesh is spread across two interventions in market:
1. Focus on growth and competitiveness of retail merchants in the distributive trade sub-sector in rural Bangladesh through tighter vertical integration with Fast Moving Consumer Goods (FMCG) value-chains and stronger horizontal integration with financial services value chains, especially through digital payment and m-commerce platforms.
2. Technical assistance to the central bank in Bangladesh (Bangladesh Bank) in developing a sustainable and efficient agent monitoring tool
UNCDF, based on its new strategy, would like to further consolidate the position of UNCDF in Bangladesh and also prepare for the scale-up of UNCDF work in-country. UNCDF has a team on ground working on the micro-merchant project and driving the activities, and in continuation of its plan intends to hire a DFS expert who would work further strengthen the work by bringing in specific expertise in area of digital finance. Plus with the Bangladesh Bank project remains a significant area of engagement for UNCDF and the full time in-country presence would allow for delivery of this engagement in a timely manner.
Duties and Responsibilities
The Consultant will work to implement the FIPA strategy in Bangladesh specifically as it focuses on digital as a key anchor which builds on the foundation of existing engagement of UNCDF on ground. In the role, the DFS expert will primarily focus on supporting the project on DFS supervision system with Bangladesh Bank. The DFS expert will in addition work closely with the other in-country teams that include project coordinator looking after the EU funded project of UNCDF on micro-merchants.
The DFS expert would work closely with other sectoral/segment experts of UNCDF within UNCDF, to maximize the cross-learning and deliver impact.
Required Skills and Experience
Timeline, duration of assignment, duty station and expected places of travel:
For unforeseeable travel, payment of travel costs including tickets, lodging and terminal expenses should be agreed upon, between the respective business unit and Individual Consultant, prior to travel and will be reimbursed.
Please note that UNCDF cannot guarantee residence permits or visa´s for consultants. Consultants are responsible for securing their work documentation. In the case of national consultants, applicants that are not nationals of the duty station requested will have to prove their residence status.
Please note that consultants residing in the duty station will not be compensated for living expenses.
Progress Controls & Payments:
Payment will be made against satisfactorily completion of each deliverable. All payments shall be disbursed only upon written confirmation of acceptance of the outputs which and authorization for payment by the Country Technical Specialist
Disbursement of the final payment shall require a signed performance evaluation of the consultant.
Payment schedule with deliverables:
Interested individuals must submit the documents mentioned below as proposals in order to demonstrate their qualifications (Note: the system does not allow multiple uploads of documents. Applicants must make sure to upload all documents in one PDF file).
All applications must contain the following information:
Incomplete applications will not be considered. Please make sure you have provided all requested materials.
Step I: Screening: Applications will be screened and only applicants meeting the minimum criteria will progress to the pool for shortlisting.
Step II: Technical Evaluation:
Shortlisting (20 points): UNCDF will produce a shortlist of candidates and technically evaluate candidates as per experience requirements in the Terms of Reference. As applicable, only the first top 3 ranked applicants with 70% or more shall be considered for an interview.
20- Functional competencies for assignment;
Interview (80 points): An interview shall be conducted for the top 3 shortlisted candidates.
Step III: Financial Evaluation: Only candidates with scores above 70% of the technical evaluation (70 Points or above) will be considered.
The following formula will be used to evaluate financial proposal: lowest priced proposal/price of the proposal being evaluated x 30%.
The contact shall be awarded to the applicant whose offer have been evaluated and determined as:
Responsive/compliant/acceptable; and Having received the highest combined weight (technical scores) 70% + financial 30%= 100%.
Both individual consultants and individual employed by a company or institution are welcome to apply.
Any individual employed by a company or institution who would like to submit an offer in response to a Procurement Notice for IC must do so in their individual capacity (providing a CV so that their qualifications may be judged accordingly). Women candidates or women-owned businesses are strongly encouraged to apply.
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.