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Framework Agreement for Digital Financial Services Policy Expert
|Advertised on behalf of :|
|Location :||home based|
|Application Deadline :||04-Dec-20 (Midnight New York, USA)|
|Type of Contract :||Individual Contract|
|Post Level :||International Consultant|
|Languages Required :||English|
|Starting Date :|
(date when the selected candidate is expected to start)
|Duration of Initial Contract :||36 months|
|Expected Duration of Assignment :||36 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.
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.
UNCDF’s financing models work through two channels: (1) financial inclusion that expands the opportunities for individuals, households, and small businesses to participate in the local economy, providing them with the tools they need to climb out of poverty and manage their financial lives; and (2) by showing how localized investments— through fiscal decentralization, innovative municipal finance, and structured project finance — can drive public and private funding that underpins local economic expansion and sustainable development. By strengthening how finance works for poor people at the household, small enterprise, and local infrastructure levels, UNCDF directly contributes to SDG 1 on eradicating poverty and SDG 17 on the means of implementation. By identifying those market segments where innovative financing models can have transformational impact in helping to reach the last mile and expand access, UNCDF’s work also contributes indirectly to additional SDGs.
Since 2008, UNCDF has been supporting digital finance with significant success; digital finance is currently the largest part of its inclusive finance portfolio. Digital finance includes digital innovations linked to off-grid energy, agriculture, employment, health and transport.
UNCDF is also host to the secretariat of the Better than Cash Alliance, a partnership of governments, companies, and international organizations that accelerates the transition from cash to digital payments in order to reduce poverty and drive inclusive growth.
With 60 professionals who have strong digital finance experience across the globe and with several hundred projects in digital on-going, UNCDF is one of the leading development agencies in digital finance aimed at very low-income customers in some of the world’s most difficult markets. UNCDF is in the process of consolidating its financial and technical resources to create a comprehensive team of experts in various domains to drive the new strategy “Leaving no one behind in the digital era.”
This strategy aims beyond household- or community-based interventions to support the evolution of inclusive digital financial ecosystems. The strategy recognizes that reaching the full potential of digital financial inclusion in support of the SDGs aligns with the vision of promoting digital economies for the following reasons:
The ‘Leaving no one behind in the digital era’ strategy to move from DFS to digital economies represents a logical integration of UNCDF interventions, developed over many years, in financial inclusion and digital. The legacy of UNCDF interventions was built through a range of country/regional programmes and global thematic initiatives, and has established a very strong reputation for UNCDF vis-à-vis donors and peers.
Please refer to www.uncdf.org.
UNCDF manages initiatives to develop inclusive digital finance ecosystems which offer a wide range of financial services specially for low income vulnerable communities. Specifically, UNCDF provides a mix of policy, technical and financial support to a range of government and private sector actors in each country, as well as invests in research and other public goods to benefit all market actors. By supporting the development of digital finance ecosystem in these countries, UNCDF aims to increase the financial security of low income and rural households through access to appropriate, affordable and secure means to receive, manage and save money. Recently, UNCDF has formulated its strategy ‘Leaving no one behind in the digital era’ based on over a decade of experience in digital finance in Africa, Asia and the Pacific. UNCDF recognizes that reaching the full potential of digital financial inclusion aligns with the vision of promoting digital economies that leave no one behind. The vision of UNCDF is to empower millions of people by 2024 to use services daily that leverage innovation and technology and contribute to the SDGs. UNCDF will apply a market development approach and continuously seek to address underlying market dysfunctions. For more information, please see: https://www.uncdf.org/article/4567/uncdf-launches-digital-economy-strategy-leaving-no-one-behind-in-the-digital-era.
UNCDF has been working with national governments to improve access to financial services for over 25 years. In the last decade, we have focused specifically on the role that digital technologies play in accelerating usage of financial services by low-income people. In our role as a technical assistance provider and neutral broker, UNCDF works closely with global and national partners to build capacity and support governments to engage with industry to facilitate solutions to key market constraints at the local and regional level. For more information, please see: https://www.uncdf.org/article/4944/enabling-policy-and-regulation-leaving-no-one-behind-in-the-digital-era.
Under the umbrella of UNCDF’s recently developed strategy, ‘Leaving no one behind in the digital era’, UNCDF has expanded the scope of their support on policy and regulations to improve access to an inclusive digital economy ecosystem. UNCDF Policy Accelerator is focusing on enabling DFS regulations across several African and Asian markets to ensure people, particularly women, benefit from the increased use of digital services in the economy.
UNCDF is looking for a Digital Financial Services Policy Expert to provide regulatory advice and analysis in support of UNCDF’s Policy Accelerator methodology. Under the direct supervision of the Lead Specialist for Policy and Government Advocacy, the consultant will collaborate with UNCDF’s team of policy and DFS experts at global, regional, and country level. UNCDF is looking for a resource with strong knowledge of retail financial service regulation, emerging trends in digital economy regulation, cross-border remittances, and the role that the digitization of finance can play in achieving Sustainable Development Goals. The core function of the consultant is to deepen the expertise of the existing technical team and support ongoing technical assistance to regulators and policymakers in markets where UNCDF works. The consultant will work closely with the Lead Specialist, Migration and Remittances.
The Digital Financial Services Policy Expert is expected to be engaged through a non-exclusive Long-Term Agreement (LTA) or Framework Agreement formalized through an Individual Contract (IC). A Framework Agreement or is known in UNCDF as an agreement that establishes the terms, conditions and prices that will govern future contract or contracts (known as “call offs”) arising from the said Agreement during a period of 3 years.
Every call-off shall have specific tasks, scope of services and outputs to be delivered within a specific period. For this work, the call-off shall be formalized through the issuance of a Purchase Order, attaching thereto the TOR, and any other document relevant to the call-off. Financial commitments will only be established each time a Purchase Order for the specific services/TOR for Individual Contractor is committed.
The LTA shall have a cumulative ceiling amount that may accrue to the individual contractor during the life of the LTA, but said amount shall remain as an upper limit, and must not and cannot be interpreted nor understood as neither a financial commitment nor guarantee of business volume.
It is important to note that, under an LTA, UNCDF does not guarantee that any specific quantity of services shall be purchased during the term of this agreement. The LTA does not form a financial obligation nor commitment from UNCDF at the time the LTA contract is signed.
Duties and Responsibilities
Under the direct supervision of the Lead Specialist for Policy and Government Advocacy, the Consultant will complete the following activities and deliverables.
Area 1: Advise on country specific DFS legal and regulatory solutions
Area 2: Advise on remittance policy and regulatory framework
Area 3: Provide analysis on emerging policy issues in inclusive digital economies
Area 4: Improve the quality and relevance of technical assistance tools and resources:
Area 5: Train policymakers, regulators, and UNCDF staff on relevant DFS regulatory issues
The table below outlines the list of key deliverables and estimated number of days:
Required Skills and Experience
Timeline, total number of working days, duty station, travel:
Timeline: February 2021 – February 2024.
Total Number of Working Days for Assignment: 517 working days spread over a period of 36 months.
Duty station: home-based, except when called by UNCDF to attend meetings or conduct missions.
Travel, payment of travel costs including tickets, lodging and terminal expenses shall be agreed upon as per UNCDF policy, between the respective business unit and Individual Consultant, prior to travel. Please note that consultants residing in the duty station of travel will not be compensated for living expenses.
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 may not be considered):
Step I: Screening: Applications will be screened and only applicants meeting the mandatory criteria will progress to the pool for shortlisting.
Step II: Shortlisting by Desk Review (40%)
UNCDF will produce a shortlist of candidates and technically evaluate candidates from 1 to 100% as per experience requirements in the Terms of Reference. As applicable, only applicants scoring 80% or more shall be considered for an interview.
Education/Qualification (20 points);
Mandatory Experience (50 points).
Preferred Experience (30 points).
Step III: Interview (60%): An interview shall be conducted to candidates who scored 80% or more at the desk review stage.
Step IV: 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 3 best applicants 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.