Recovery Planning and Risk Management Assessment Capacity Building (примерный перевод: Восстановление планирование и оценка управления рисками Capacity Building) (Иордания - Тендер #6257278) | ||
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Страна: Иордания (другие тендеры и закупки Иордания) Организатор тендера: The European Bank for Reconstruction and Development (EBRD) Номер конкурса: 6257278 Дата публикации: 03-01-2020 Источник тендера: Европейский банк реконструкции и развития |
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Jordan
Business sector:Financial institutions
Project number:81604
Funding source:EBSF - EBRD Shareholder Special Fund
Contract type:Consultancy Services
Notice type:Invitation for expressions of interest (CSU)
Issue date:03 Jan 2020
Closing date:27 Jan 2020 at 15:00 London
Single Stage Open Competitive Selection - Request for Proposals
Project Description:
In 2017, the Central Bank of Jordan (“CBJ”) issued instructions on dealing with Domestic Systemically Important Banks (“D-SIBs”) aimed to enhance these banks ability to maintain the soundness and solidity of their financial positions and reduce the negative impacts, which may arise in case they face substantial issues, on financial stability and the economy in general, in line with international practices in this regard, and in the framework of implementing the Basel Committee decisions for banking supervision related to “dealing with domestic systemically important banks framework”.
Under these instructions, D-SIBs banks were requested to prepare recovery plans to deal with the risks which the bank might get exposed to when confronting critical and very dangerous situations that may threaten its existence and continuity. The recovery plan should be covered within the bank"s overall risk management framework and processes so that it can be applied in a timely manner when needed. Within this plan the bank should include, setting and documenting a list of procedures which could be referred to in such a case.
D-SIBs instruction includes following minimum requirements:
- Ways to reduce the risk of the bank;
- Ways to maintain the quantity and quality of capital, and to clarify the strategic actions that must be taken for this purpose, such as the sale of some subsidiaries, obtaining new capital, discontinuing some operations of the bank, non-distribution of profits and / or granting bonuses;
- Detailed description of how to solve the liquidity crisis that the bank may face when losing confidence in it as well as the amount of emergency liquidity it may need, sources and costs;
- Reliable processes and indicators that ensure the implementation of recovery measures at any time (e.g. internal processes, IT systems, clearing and settlement, supplier and staff contracts that enable the Bank to continue operating).
In addition, the D-SIBs may be asked by the CBJ in the future to carry out an external review of their risk management framework or may wish to carry out such an exercise independently.
Assignment Description:
EBRD intends to select and contract a consulting company (the Consultant).
The main objective of this Assignment is to assist the Client with:
- reviewing and strengthening the bank’s recovery plan including the communication plan, to comply with the local regulation requirements and to be in line with international best practices;
- carrying out an independent assessment of the bank’s risk management framework and providing recommendations in line with international best practices among D-SIBs.
The expected outcome of the Assignment is to bring the Client’s recovery plan and risk management framework in compliance with the local regulations requirements and in line with international best practices.
The selected Consultant is expected to provide the following services:
- Review the current recovery plan including the communication plan and provide recommendations in line with international best practices (i.e. guidelines of the European Central Bank);
- Assist in quantifying the impact of recovery options through reliable valuations;
- Help identify all recovery options available to a Client in Jordan and assess feasibly the impact of each recovery option such as: solvency, liquidity, funding positions, profitability and operations.
- Assist in estimating the overall recovery capacity for both capital and liquidity within a certain period of time;
- Assist in preparing recovery indicators;
- Assist in preparing a Play book and a dry run;
- Assess the risk management framework and provide recommendations in line with international best practices and guidelines by the Financial Stability Board;
- Assist in identifying an effective risk appetite framework, effective risk appetite statement, risk limits, and defining the roles and responsibilities of the board of directors and senior management.
Full Terms of Reference (TOR) of the Assignment can be found here:
Consultant Selection Procedure: Single stage open competitive selection. Interested firms or groups of firms are invited to submit a Technical and Financial Proposal.
Assignment Start Date and Duration: The Assignment is expected to start in February 2020 and has an estimated overall duration of six months, subject to:
- approval of the work plan designed by the Consultant and agreed by EBRD and Client within one month after commencement of the assignment;
- review of project performance by the EBRD and Client during the initial three-month period and for each stage as defined per the work plan.
Cost Estimate for the Assignment: EUR 100, 000.00 (exclusive of VAT).
Funding Source: It is anticipated that the contract will be financed by the EBRD Shareholder Special Fund. Selection and contracting are subject to the availability of funding.
Eligibility: There are no eligibility restrictions based on the consultant"s country of origin.
Consultant Profile: Corporate services are required. The Consultant will be a firm or a group of firms preferably with previous project experience related to a solid track record in capacity building for financial intermediaries in the projects assessing areas of risk management (assessment) and recovery planning. Knowledge of Jordan banking/financial sector will be an advantage.
The Consultant"s expert team is expected to include the following key experts (the "Key Experts"):
1. Key International Expert: Project Coordinator/Bank Recovery Expert, preferably with the following previous professional experience:
- At least 15 years of relevant previous professional experience;
- Proven track record of Project management in complex international projects;
- Bachelor’s degree or equivalent experience in the areas of expertise;
- Professional qualification such as ACA, CFA, ACCA, or CIMA desirable;
- Experience in Internal governance and risk management; risk appetite frameworks;
- Relevant experience with projects for domestic/global systemically important banks on recovery planning and risk management (i.e. in the European Union);
- Assessing and advising on the recovery plan and the risk management framework assessment;
- Strong problem-solving and creative skills and the ability to exercise sound judgment and make decisions based on accurate and timely analyses;
- High level of integrity with a strong sense of urgency and results-orientation;
- Fluent spoken and written English is essential.
Knowledge of Arabic would be an advantage.
2. Key International Expert: Risk Management Expert, preferably with the following previous professional experience:
- At least 12 years of relevant previous professional experience;
- Risk management and risk appetite frameworks;
- Projects related to recovery planning and improving risk management function for domestic/global systemically important banks (i.e. alignment with recommendations of the Financial Stability Board).
- Bachelor’s degree or equivalent experience in the areas of expertise;
- Professional qualification such as ACA, CFA, ACCA, or CIMA desirable;
- Fluent spoken and written English is essential.
Knowledge of Arabic would be an advantage.
3. Key Local Expert: Local Banking expert(s) preferably with the following previous professional experience:
- At least 7 years of relevant previous professional experience at a major merchant / investment bank in Jordan;
- Excellent knowledge of local financial and banking sector regulation, specifically in following areas: (a) recovery; (b) risk management;
- Proficiency in Arabic and English.
Submission Requirements: The consultants are now invited to submit a completed Technical and Financial Proposal as per the standard templates and instructions available at this link:
http://www.ebrd.com/documents/procurement/single-stage-package.docx
Interested Consultants should make themselves familiar with these Standard Templates, Standard Instructions and Conditions of Contract in preparation of their proposals.
- The Technical Proposal shall be submitted in English electronically via eSelection not later than the Closing Date, as one single PDF file. The technical proposal should not
exceed 20 pages excluding the Declaration Form and CVs (Form 1- TP 1 and Form 1 – TP 6).
- The Financial Proposal (Form 2 – FP 1 and FP2) shall be submitted in English separately by email only to the following e-mail address: finprop@ebrd.com. Please indicate the Project number and title in the subject of your e-mail. Consultants are reminded of the requirement to ensure the confidentiality of the Financial Proposals.
A Technical Proposal that contains elements of a financial proposal shall be declared non-responsive.
A Financial proposal submitted together with the technical proposals via e Selection shall be declared non-responsive.
For the avoidance of doubt, technical proposals should be sent through eSelection and NOT to the above email address. Financial proposals should be sent to the above email address and NOT through eSelection or Bank Contact Person.
Bank Contact Person:
Maria Haugh
European Bank for Reconstruction and Development
One Exchange Square
London EC2A 2JN
e-mail: haughm@ebrd.com
Deadline to Submit Clarification Questions: Via e-mail to the Bank Contact Person by 16/01/2020.
Selection Method and Evaluation Criteria:
Technical Proposal Evaluation Criteria:
- Firm"s previous project experience in similar assignments (40%)
- Quality of the methodology proposed for the Assignment (30 %)
- CVs of the Key Experts (30 %).
The minimum technical score (St) required to pass is 80.
Interviews as part of technical evaluation:
Following the evaluation of technical proposals received based on the criteria above, the Bank will invite up to 4 (four) highest ranked companies to attend an interview of the proposed key experts on the following three key positions: Key International expert: Project Coordinator/Bank recovery expert, Key International expert: Risk Management expert, Key Local expert: Lead Local Banking expert.
The Bank will consult with the consultant regarding the format (e.g. Skype call, meeting, conference call, etc.) and date of the interview at the time of the invitation. Please note that all and any costs incurred by the Consultant in connection with attendance to interviews will not reimbursed by the Bank.
Combined Technical and Interviews Evaluation and Ranking
The weights given to the Technical (T) and Interview (I) evaluation are:
T = 80, and
I = 20
Submissions will be ranked according to their combined technical (St) and interview (Si) scores using the weights (T=the weight given to the Technical; I = the weight given to the Interview; T+I=1) as following: Sti=St x T% + Si x I%.
The minimum final combined technical and interview score (Sti) required to pass is 80.
Opening of Financial Proposals
After the technical evaluation is completed, only the submissions which score 80 or above of the total marks available for the technical criteria will be eligible to have their financial proposals opened.
Combined Technical and Financial Evaluation
The lowest evaluated Financial Proposal (Fm) is given the maximum financial score (Sf) of 100. The formula for determining the financial scores (Sf) of all other Proposals is calculated as follows:
Sf = 100 x Fm/ F, in which “Sf” is the financial score, “Fm” is the lowest evaluated Financial Proposal, and “F” the price of the Proposal under consideration.
Proposals are then ranked according to their combined technical (St) and financial (Sf) scores using the weights (T = 80; F = 20) T + F = 100 as follows: S = St x T% + Sf x F%.
Important Notes:
- The proposal validity period is 120 days from the deadline date for the receipt of submissions. During this period, the Consultant shall maintain its original Proposal without any change, including the availability of the Experts, the proposed rates and the total price.
- The selection will be made from the Proposals received in response to this notification only, on the basis of the submission requirements and selection criteria set out in this Procurement Notice. The highest-ranked Consultant will be selected and invited to negotiate the contract, subject to availability of funding.
Any updates of and clarifications on this procurement notice shall be announced as updates on this notice, without any other notification. In the event of changes consultants will need to download the updated versions. Consultants are required to periodically check the notice for updates. Failure to take the updates into account while preparing the Proposal may result in disqualification or penalties to the scores in the evaluation.