International consultant to assist National Bank of Tajikistan to regulate issues in respect to decline in correspondent banking relationships

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Archived vacancy details

The following information is provided for archival purpose only.

Issued by: OSCE Programme Office in Dushanbe
Vacancy number: VNTAJC00696
Vacancy type: Experts/Consultants
Field of expertise: Economic and Environmental Affairs
Number of posts: 1
Duty station: Dushanbe, Tajikistan
Date of issue: 17 April 2020
Deadline for application: 8 May 2020 - 23:59 Central European Time (CET/CEST)

Background

		The correspondent banking relationships (CBR) decline as a global problem affected the banking system of the Republic of Tajikistan. There was a strong overall recognition of the importance of implementation of the international standards as catalyser to improve risk perception. The decline in CBRs especially in cross-border payments has multiple drivers, which need to be targeted from different angles (holistic approach). There is no quick and “one-size-fits-all” solution: the issue needs to be approached on a case-by-case and on country specific basis. In order to improve general perception, regulatory authorities and financial institutions (banks) must commit credibly to adhering to and implementing relevant standards. National authorities need to communicate their policies and actions effectively. Financial institutions (banks) must show that international standards on CBR is fully implemented by their institution and their internal control system is comply with all requirements. Strong commitment is also needed to follow through on the recommendations of international institutions (including FATF, Basel standards, etc.). CBRs require a collaborative effort by the public and the private sector – the two must work hand-in-hand. There is a need to increase awareness of the supervisory authorities as well as the banking sector regarding the roots of the declining CBR issue, and to encourage them to be more involved in addressing the situation. Best practices need to be learned, applied and clearly demonstrate how to come up with the solutions and results. The OSCE Programme Office in Dushanbe will hire an international consultant, who will prepare a study of the roots of problems and define possible solutions that would improve conditions in this area. Besides this, the consultant will conduct a three-day training for the supervisory authorities, especially National Bank of Tajikistan (NBT), commercial banks, and those affected by the CBR decline. Objective: Reveal the roots of problems and define possible solutions that would improve conditions of correspondent banking relationships and improve knowledge on the problems and solutions through a three-day training for the supervisory authorities and commercial banks. Location: Remotely, meetings and training in Dushanbe Duration of assignment: 1 May - 30 September 2020 (15 days).

Tasks and Responsibilities

		The expert will be responsible for the following: Analyze documents obtained from the NBT and commercial banks and, conduct series of meetings with the representatives of relevant institutions to define the problem; Develop a study on the problems and submit detailed recommendations that would help to improve activities of correspondent banking relationships based on international practice and aligned to global standards; Conduct three-day training on how to improve conditions in this area; Submit a report on conducted activities upon completion of the task followed by the recommendations and guidelines, which may help commercial banks and regulatory authorities to restore the CBR; In coordination with NBT piloting up to 4 potential commercial banks and provide reasonable consultations on implementation relevant measures which helps to restore CBR. Deliverables: Study on the existing problems causing CBR decline; Proposed solutions for improvement of the policies in CBR area; Presentation of the analysis to representatives of the NBT and commercial banks, preliminary planned for September; Conducted three-day training for representatives of NBT and commercial banks; Report about conducted activities under this task no later than 15 October 2020. Reporting: The international consultant will work under the general guidance of the Head of Economic and Environmental Department and the direct supervision of the Good Governance Officer of the OSCE POiD. The international expert will report to the Good Governance Officer.

Necessary Qualifications

		Advanced university degree in law, economy or related fields; At least eight (8) years of professional experience in CBR and/or anti-money laundering field at the international level; Excellent analytical and writing skills; Experience in developing training materials and conducting; Experience in drafting documents for a legal and non-legal audience; Previous experience working with other international organizations would be considered as an asset; Demonstrated gender awareness and sensitivity and an ability to integrate a gender perspective into tasks and activities; Excellent skills in written and spoken Russian and English; Experience in working in Central Asia or Eastern Europe and/or knowledge of the region is desirable.

Required competencies

		Core values Commitment: Actively contributes to achieving organizational goals Diversity: Respects others and values their diverse perspectives and contributions Integrity: Acts in a manner consistent with the Organization’s core values and organizational principles Accountability: Takes responsibility for own action and delegated work Core competencies Communication: Actively works to achieve clear and transparent communication with colleagues and with stakeholders of the Organization Collaboration: Works effectively with others on common goals and fosters a positive, trust-based working environment Planning: Works towards the achievement of goals in a structured and measured manner Analysis and decision-making: Analyses available information, draws well-founded conclusions and takes appropriate decisions Initiative-taking: Proposes and initiates new ideas, activities and projects Flexibility: Responds positively and effectively to changing circumstances Managerial competencies (for positions with managerial responsibilities) Leadership: Provides a clear sense of direction, builds trust and creates an enabling environment Strategic thinking: Identifies goals that advance the organizational agenda and develops plans for achieving them Managing performance: Helps to maximize team performance by providing active feedback and skill development opportunities

Remuneration Package

		The consultant will be remunerated commensurate with consultant’s experience and qualifications in accordance with OSCE established rates. Applicants should indicate whether they wish to be included in the OSCE Roster of Consultants for similar assignments.

How To Apply

		If you wish to apply for this position, please use the OSCE's online application link found under https://jobs.osce.org/. In case of technical difficulties with online application, please use the OSCE offline application form that can be downloaded at https://jobs.osce.org/resources/document/offline-application-form. The completed application form along cover letter and recommendation letters should be submitted by email to POiD-Recruitment@osce.org quoting the job title in the subject line. Applicants who do not submit a completed OSCE's format application form will not be considered. The OSCE retains the discretion to re-advertise the vacancy, to cancel the recruitment, to offer an appointment at a lower grade or to offer an appointment with a modified job description or for a different duration. The OSCE is committed to diversity and inclusion within its workforce, and encourages qualified female and male candidates from all national, religious, ethnic and social backgrounds to apply to become a part of the organization.