United Nations Chief, Innovative Finance & Capital Markets Section Private Sector Development & Finance Division Jobs in Addis Ababa - Ethiopia

United Nations Chief, Innovative Finance & Capital Markets Section Private Sector Development & Finance Division Jobs in Addis Ababa - Ethiopia


Org. Setting and Reporting

Established by the Economic and Social Council (ECOSOC) of the United Nations (UN) in 1958 as one of the UN's five regional commissions, ECA's mandate is to promote the economic and social development of its member States, foster intra-regional integration, and promote international cooperation for Africa's development.

Made up of 54 member States, and playing a dual role as a regional arm of the UN and as a key component of the African institutional landscape, ECA is well positioned to make unique contributions to address the Continent’s development challenges.

The strategic objective of ECA is framed around delivering ideas and actions for an empowered, inclusive and transformed Africa in the framework of the 2030 Agenda for Sustainable Development and Agenda 2063 of the African Union through its three core functions, namely, its function as a think tank, its convening function and its operational function.

Responsibilities

Within delegated authority, the Chief of Innovative Finance & Capital Markets Section will be responsible for the following duties:

  • Provides advice/guidance on the development of capital markets in the region including the development of commodity and stock exchanges;
  • Leads/provides guidance on the development, implementation and enforcement of legal and regulatory framework for capital markets development at a regional and member states level. Advice should build on international regulations. Given the move towards more integrated markets, a significant share of the work will be to promote supervisory and regulatory convergence and supervise specific systemic financial entities;
  • Advices on development and management of sovereign bond issuances and work towards the development of more corporate bond issuances. Work to establish local rating agencies on the continent and ensure corporate compliance to legal regulations. Deepen involvement of securities, pensions and insurance sector contribution to market development;
  • Works to develop innovative asset classes to help finance human, and physical infrastructure;
  • On the banking sector, provide guidance on conducting supervision, advice on Basel convergence and on regulation to accelerate financial inclusion especially for disadvantaged groups of society using new technologies. Draft and review compliance with standards for regional, continental regulations;
  • Develops/maintains close working relationship with continental and international supervisory bodies to ensure international legislation is consistent with continental aspirations;
  • Works closely with ECA’s African Centre for Statistics to develop a database of on-time financial information to ensure accurate data availability for policy and decision making especially regarding systemic markets and agencies;
  • Provides policy guidance to the Director, on conceptual strategy development and management of the implementation of overall strategies and intra and inter-divisional/departmental policies and procedures;
  • Plans and oversees the management of activities undertaken by the Section; ensures that substantive work programmes and programmed activities are carried out in a timely fashion, coordinating diverse projects in the Section, and, in liaison with other organizations of the United Nations System, donors and agencies as appropriate;
  • Manages, supervises and carries out the work programme of the Section under his/her responsibility. Co-ordinates the work carried out by the Section; provides programmatic and substantive reviews of drafts prepared by others;
  • Provides substantive input in the preparation of position papers and reports for presentation to intergovernmental bodies such as the Advisory Committee on Administrative and Budget Questions, Committee for Programme Coordination, Economic and Social Council, the General Assembly and other policy-making organs, as appropriate;

    Competencies

  • Professionalism: Knowledge of the substantive field of work in general and of specific areas being supervised. Ability to produce reports and papers on technical issues and to review and edit the work of others. Ability to apply UN rules, regulations, policies and guidelines in
    work situations. Shows pride in work and in achievements; demonstrates professional competence and mastery of subject matter; is conscientious and efficient in meeting commitments, observing deadlines and achieving results; is motivated by professional rather than personal concerns; shows persistence when faced with difficult problems or challenges; remains calm in stressful situations.
  • Planning& Organizing: Develops clear goals that are consistent with agreed strategies; identifies priority activities and assignments; adjusts priorities as required; allocates appropriate amount of time and resources for completing work; foresees risks and allows for contingencies when planning; monitors and adjusts plans and actions as necessary; uses time efficiently.
  • Accountability: Takes ownership of all responsibilities and honours commitments; delivers outputs for which one has responsibility within prescribed time, cost and quality standards; operates in compliance with organizational regulations and rules; supports subordinates, provides oversight and takes responsibility for delegated assignments; takes personal responsibility for his/her own shortcomings and those of the work unit, where applicable.

    Education

  • Advanced university degree (Master’s degree or equivalent) in business or public administration, economics, finance, accounting, law or related area. A first-level university degree in combination with qualifying experience may be accepted in lieu of the advanced university degree.

    Work Experience

  • A minimum of ten years of progressively responsible experience in financial sector, banking and/or capital market or related field.

    Languages

  • Fluency in one of the working languages of the UN Secretariat, English or French, (both oral and written) is required; knowledge of the other is desirable. Knowledge of another UN official language is an advantage.

    Assessment

  • Evaluation of qualified candidates may include assessment exercise which may be followed by competency-based interview.

    Special Notice

  • Staff members are subject to the authority of the Secretary-General and to assignment by him or her. In this context, all staff are expected to move periodically to new functions in their careers in accordance with established rules and procedures.
  • Staff members of the United Nations Secretariat must fulfill the lateral move requirements to be eligible to apply for this vacancy. Staff members are requested to indicate all qualifying lateral moves in their Personal History Profile (PHP) and cover note.
  • The United Nations Secretariat is committed to achieving 50/50 gender balance in its staff. Female candidates are strongly encouraged to apply for this position.
  • An impeccable record for integrity and professional ethical standards is essential.

    How to Apply

  • Applicants are urged to follow carefully all instructions available in the online recruitment platform, inspira. For more detailed guidance, applicants may refer to the Manual for the Applicant, which can be accessed by clicking on “Manuals” hyper-link on the upper right side of the inspira account-holder homepage.
  • The evaluation of applicants will be conducted on the basis of the information submitted in the application according to the evaluation criteria of the job opening and the applicable internal legislations of the United Nations including the Charter of the United Nations, resolutions of the General Assembly, the Staff Regulations and Rules, administrative issuances and guidelines. Applicants must provide complete and accurate information pertaining to their personal profile and qualifications according to the instructions provided in inspira to be considered for the current job opening. No amendment, addition, deletion, revision or modification shall be made to applications that have been submitted. Candidates under serious consideration for selection will be subject to reference checks to verify the information provided in the application.
  • Job openings advertised on the Careers Portal will be removed at 11:59 p.m. (New York time) on the deadline date.Apply by 23rd February, 2019

  • For more information and job application details, see; United Nations Chief, Innovative Finance & Capital Markets Section Private Sector Development & Finance Division Jobs in Addis Ababa - Ethiopia

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