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Short Term Temporary - IFC (NFIS SECRETARIAT)

Employer
International Finance Corporation
Location
Colombo (LK)
Salary
Negotiable
Closing date
Nov 9, 2020

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Job Details

Background

Improving financial inclusion is a priority for the Sri Lankan government. In fact, the Central Bank of Sri Lanka has recognized the importance of a national financial inclusion strategy (NFIS) in its 2017 roadmap and has engaged with the IFC to develop the NFIS for the country.

While Sri Lanka performs well along several basic dimensions of financial inclusion, in particular account ownership and branch penetration, there remains significant scope to improve the accessibility, diversity, and quality of financial products and services. Key areas for action include improving account usage, leveraging innovations in electronic retail payment instruments, improving the outreach and commercial viability of non-bank financial institutions, and improving women’s access to formal financial services. The NFIS helped identify the main thematic areas to address the identified market failures which include Financial Literacy, Financial Consumer Protection, Delivery Channels and Digital Finance, and MSME Finance.

As part of NFIS implementation, a Secretariat is being established at the CBSL. The key role of the Secretariat is to ensure coordination and monitoring across different entities contributing to the NFIS targets. Apart from the public/private sector key stakeholders, these include the National NFIS Council, NFIS Management Committee, and Working Groups who each carry different levels of responsibility. The Secretariat will also lead relevant research and evaluation efforts.

Objectives

The objective of this assignment is to support the CBSL’s NFIS Secretariat in carrying out its day-to-day functions. The selected candidate will work directly with the relevant department overseeing the implementation of the NFIS.

Scope of Work  

The selected consultant will be responsible for, but not limited to, the following tasks:

  • Organize, coordinate and prepare for periodic meetings among the key stakeholders/governance entities.
  • Prepare information, learning materials and presentations (on need basis) to facilitate the meetings and maintain records/minutes.
  • Maintain and update public communication platforms of the NFIS (Facebook, Public Website etc) as relevant.
  • Based on the NFIS Action Plan, support the development of a time-bound Action Plan Tracker and reporting templates.
  • Draft communication materials and other materials relating to NFIS.
  • Assist the specialist in carrying out surveys, financial education programs and any data capture initiatives.
  • Ensure timely recording of progress reported by stakeholders and maintain close follow up of implementation progress.
  • Draft internal NFIS progress reports, as well as any reports for public consumption, and disseminate as advised.
  • Experience in working within tight deadlines and under pressure; the flexibility to work overtime during peak periods on short notice.
  • Self-motivation with a positive and professional demeanor

Specific Activities, Timeline and Estimated Level of Effort Required

The consultancy entails up to a maximum of 150 days of work from 01 Nov 2020 to 31 Oct 2021. Payment will be authorized by the IFC Task Team Leader (TTL) upon receipt of the acceptable deliverables from the relevant department of the CBSL.

Required Qualifications

The consultant shall have the following qualifications:

  • Bachelors degree (in Finance /Statistics/ Management/equivalent professional qualification) with at least 3 years’ experience
  • Experience in monitoring and evaluation for projects is an added advantage
  • Excellent writing and communication skills in English; Sinhala or Tamil compulsory
  • Excellent technical writing skills and precise drafting capabilities
  • Excellent communication, facilitation and negotiation skills
  • Proficiency and prior experience in MS Office
  • Experience in social media is an added advantage

Application Instructions

  • Only online applications are accepted. Do not email your application, as it will be neither acknowledged nor accepted.
  • Only short-listed candidates will be contacted for interviews. 

How to apply: 

  1. Click the "Apply" button
  2. Go to "Business Opportunities" at the top navigation bar which leads to the individual consulting engagement
  3. Search for the Selection Number: 1270543, Title: SHORT TERM TEMPORARY (ETT FOR SECRETARIAT) - NATIONAL FINANCIAL INCLUSION STRATEGY - SRI LANKA
  4. Click "Express Interest" and enter your details

Company

About IFC

The International Finance Corporation (IFC) is the private sector arm of the World Bank Group (WBG) and the largest multilateral provider of financing for private enterprises in developing countries. Our mission is to promote sustainable private sector investment in developing countries, helping to reduce poverty and to improve people's lives. IFC finances private sector investments, including equity investments, mobilizes capital in international financial markets facilitates trade, helps clients improve social and environmental sustainability, and provides technical assistance and advisory services to businesses and governments. 

Financial Institutions Group

The Financial Institutions Group (FIG) is committed to providing universal access to finance by 2020. Working through financial intermediaries allows IFC to support far more micro, small, and medium enterprises than we would be able to on our own. We work with a network of 900 financial intermediaries in more than 120 countries. Using a combination of investment and advice, we help strengthen financial institutions and overall financial systems - including capital markets – to enable them to play a constructive role in economic growth.

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