Consultant: Development of Case Studies on Inclusive Financial Integrity

NGO Jobs / UN Jobs Vacancy

Organization: Alliance for Financial Inclusion
Closing date: 19 Feb 2021

1. AFI & Project Background

The Alliance for Financial Inclusion (AFI) is a unique international network of central banks, ministries of finance and economy, and other regulatory bodies which hold the mandate to develop and implement financial inclusion policies. Our aim is to do so through our mission of empowering financial regulators and policymakers to increase access and usage to quality financial services for the most underserved and unserved populations.

We work with our members to advance ‘Inclusive Financial Integrity’ within their jurisdictions, a term which refers to the alignment of financial inclusion and Anti Money Laundering and Countering the Financing of Terrorism (AML-CFT) in order to ensure financial policymakers and regulators can achieve both policy goals in a complementary way. This has become particularly critical in the context of the COVID-19 global pandemic, which has driven increased usage of digital financial services and requiring policymakers and regulators to facilitate digital customer onboarding, whilst ensuring appropriate safeguards are incorporated into policy frameworks to mitigate against Money Laundering and Terrorist Financing (ML-TF) risks.

Effective implementation of Inclusive Financial Integrity policies and regulations can also particularly benefit the financial inclusion of women, youth, rural populations and forcibly displaced persons, whom research suggests are disproportionately excluded from the financial system by traditional, paper-based Know Your Customer (KYC) norms. This is towards achieving sustainable development that leaves no one behind.

In response to the important of Inclusive Financial Integrity to the financial inclusion agenda, the AFI Global Standards Proportionality Working Group (GSPWG) and Centre for Financial Regulation and Inclusion (Cenfri) developed a policy toolkit titled ‘Inclusive Financial Integrity: A Toolkit for Policymakers’ in order to provide key considerations and recommendations that can be leveraged by our members at the country-level. The toolkit references and fully complements FATF Standards and financial inclusion guidance related thereto. AFI works closely with the FATF and several of the FATF-Style Regional Bodies (FSRBs) to advance the attainment of Inclusive Financial Integrity across our member jurisdictions.

This assignment builds on the toolkit. The consultant(s) will provide technical support to the development of four AFI case studies, to a strong member demand to receive policy guidance and technical capacity building support in the field of aligning robust regimes for AML-CFT together with proportionate, enabling regulatory approaches for financial inclusion. The four member jurisdictions that have been provisionally selected (subject to change) based on recent, positive progress in advancing financial inclusion and AML-CFT objectives within their jurisdictions are Sri Lanka, Mongolia, Namibia and Paraguay.

2. Objective

The overall objective of the assignment is to support the development of four Inclusive Financial Integrity member case studies, providing a set of good practices in aligning AML-CFT and financial inclusion policy goals to support uptake in access to, and usage of, quality financial services. The case studies should include:
• How the focus countries have advanced financial inclusion objectives in recent years, including through leveraging digital technologies;
• How the countries have established effective AML-CFT regimes compatible with global standards and national financial integrity objectives;
• The alignment and coordination between these two policy objectives in order to promote inclusive financial integrity at the national level.
These concrete case studies will enable the dissemination of practical learning through the network, to facilitate wider and faster adoption.

3. Key Deliverables

The consultant team is expected to commence the assignment in February 2021 and will complete the deliverables by 31 March 2021.

During the assignment, the AFI MU will closely support the consultant by: sharing internal expertise and existing research; contacting or connecting key stakeholders to assist in arranging the consultant’s communications and telephonic interviews; and providing inputs to deliverables. This assignment is expected to involve extensive desk research, data collection, and interaction or consultation with key stakeholders.

4. Consultant Experience

• Advanced university degree in social science, international economics, public policy, development finance or other related field.
• 8+ years of combined professional experience in financial inclusion and AML-CFT policy, public policy, and international development.
• Excellent data collection, research, and written skills in the English language.
• Previous experience working with global and national institutions involved in financial inclusion and AML-CFT policy and regulation, particularly in developing countries.
• Past experience working with one or more of the proposed case study countries.

5. Reporting

The consultant will work closely with the Policy Specialist and report directly to Head, Policy Analysis.

6. Criteria for Evaluation

The proposals submitted will be evaluated based on the following criteria:

  1. Academic Qualification
  2. Experience and competence of key staff for the assignment; 40%
    • Adequacy for the assignment - 20%
    • Regional/Global experience - 20%
  3. Adequacy of the proposed work plan and methodology in responding to the Terms of Reference; 30%
    • Technical approach and methodology - 15%
    • Workplan - 15%
  4. Quality of the submitted sample work; 15%

How to apply:

Interested applicants are expected to submit a proposal with updated CV and using template given by email to AFI’s Procurement & Contracts Office at by 19th February 2021.

The final decision on selection of a consultant/consulting firm for this project rests with AFI management team and with the Inquiry. Only shortlisted and successful consultants will be contacted.

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