FEDERAL GOVERNMENT OF SOMALIA
??????????????????????????????????????????????????????????? MINISTRY OF FINANCE
????????????? ???????????????????????????????REQUEST FOR EXPRESSION OF INTEREST (REOI)
Country:
Federal Government of Somalia (FGS)
Name of the Project:
Somalia Capacity Advancement, Livelihood and Entrepreneurship, through Digital Uplift?? Project (SCALED-UP)
Assignment Title:
Organization-wide risk and Compliance Expert ? Central Bank of Somalia (Individual Consultant)
Project ID:
P168115
Individual/Firm:
Individual Selection
Deadline?for submission of EOI
2nd ?May 2023 4:00PM
Ref No.?
SO-MOF-353315-CS-INDV
?
Background:The Republic of Somalia has received financing from the World Bank towards the cost of the Somalia Capacity Advancement, Livelihood and Entrepreneurship, through Digital Uplift Program (SCALED-UP) project; and intends to apply part of the proceeds of the above project to finance the position of the Organization-wide risk and Compliance Expert (Individual Consultant) for - Central Bank of Somalia
2 Responsibilities:?The Organization-wide risk and Compliance Consultant Will Develop and implement the necessary risk and compliance unit policies and procedures, Develop and implement Enterprise Risk Management strategy, Advice the senior management on handling key risks that the bank may face, Train CBS staff on the awareness of risks and promote risk resilient culture. All other specific tasks detailed in the Terms of Reference (TOR) for the assignment that can be found at the following website: https://www.mof.gov.so/publications/organization-wide-risk-and-compliance-expert
Duration:The proposed duration for the assignment is Twelve Months (12) calendar months from starts date.Selection Criteria:?The selection shall be based on qualification, experience and skills of the candidate and followed by an interview. The qualifications, experience and competencies include:
Relevant university degree and higher education in accounting, finance, public finance management or related fields from a recognized institution.
Relevant Professional Risk Management qualifications, such as Financial Risk Manager, Enterprise Risk Manager, Certified Risk Manager, or International Compliance Association.
At least 15 years of professional experience, with a minimum of 6 years in Risk and compliance Management in a large financial institution, such as Central Banks, Commercial Banks, Insurance companies, Pension funds, Sovereign welfare Funds and so on.
Experience of leading similar assignments in organizations with similar risk exposure and complexity as the Central bank of Somalia.
Strong interpersonal skills and ability to work independently as well as with the team, excellent communication and negotiation skills, ability to work effectively and harmoniously within a diverse work environment.
Excellent in IT skills and analytical tools.
Ability to lead, coach, mentor, and train to both employees and senior management.
The Ministry of M