Somalia Crisis Recovery Project (Сомали - Тендер #50128848)

• Project ID

P173315

• Project Title

Somalia Crisis Recovery Project

• Country

Somalia

• Notice No

OP00267186

• Notice Type

Request for Expression of Interest

• Notice Status

Published

• Borrower Bid Reference

SO-MOF-375012-CS-INDV

• Procurement Method

Individual Consultant Selection

• Language of Notice

English

• Submission Deadline Date/Time

Jan 23, 2024 11:00

• Published Date

Jan 09, 2024

• CONTACT INFORMATION
• Organization/Department

Federal Government of Somalia Ministry of Finance

• Name

Abdi Tawane

• Address

Shangani, Mogadishu

• City

• Province/State

Somalia

• Postal Code

• Country

Somalia

• Phone

252

• Email

tawane.scrp@gmail.com

• Website

REQUEST FOR EXPRESSIONS OF INTEREST (REOI)

Country: Ministry of Finance (MoF) - Federal Republic of Somalia

Project: Somalia Crisis Recovery Project (P173315)

Assignment Title: Financial & risk management specialist

Reference No.: SO-MOF-375012-CS-INDV

Duty Station: Mogadishu, Somalia

Closing Date: Jan 23, 2024 at 11:00am (East Africa Time)Background to the Project

The Somalia Crisis Recovery Project (SCRP, P173315) is a flood and disaster recovery, and reconstruction project financed by the World Bank to the Federal Ministry of Finance (MOF). It supports immediate and sustainable flood recovery and finance activities to mitigate future against shocks, by supporting: (a) immediate early floods recovery and service delivery restoration activities; (b) immediate support activities to respond and mitigate COVID 19; (c) medium-term rehabilitation of flood-impacted infrastructure, services and livelihoods; (d) elements of immediate and longer-term crisis preparedness and recovery; (e) detailed flood risk management plans, including both structural and non-structural flood risk management solutions for the country; and (f) support to enhance government performance and accountability and citizen engagement in service delivery.

The project components include:

• Component 1: Immediate basic services and livelihood support for early recovery
• Component 2: Medium-term flood recovery
• Component 3: Longer-term disaster risk management and preparedness
• Component 4: Project Management
• Component 5: Contingency Emergency Response Component
• Component 6: Additional Financing: Anticipatory and Recovery Support for Addressing Food Insecurity

2. Project Coverage and Duration

The Project primarily targets the three flood-affected states of Hirshabelle, South West, and Jubaland, while advancing a national approach to the locust response, longer-term resilience building, and the CERC (emergency COVID-19 activities). The financing instrument of the Project is an IDA-based Investment Project Financing, with an operational life of four years.

3. Roles and Responsibilities

The Financial Risk Management Specialist will identify and manage risks related to financial services. The specialist will develop strategies to mitigate risks and optimize financial performance, while collaborating with other departments to align strategies with organizational goals. The specialist monitors financial markets and regulatory changes for new risks and opportunities, ensuring compliance with laws and regulations.

Detailed Terms of Reference (TOR) can be found at the following https://sodma.gov.so/ .

4. Selection Criteria:

The selection shall be based on the qualification, experience, and skills of the candidate followed by an interview. The qualifications, experience, and competencies include:

• A bachelor"s or master"s degree in finance, accounting, economics, or a related field. A professional certification such as a Certified Financial Analyst (CFA) or Certified Risk Manager (CRM) is also preferred.
• Minimum 12 years’ experience of conducting financial analysis and modeling to support risk management decisions in a crisis or emergency context.
• Identifying, assessing, and mitigating financial risks associated with emergency response efforts.
• Developing and implementing financial risk management policies and procedures in a crisis or emergency context
• Collaborating with cross-functional teams to manage financial risks and optimize financial performance during crisis or emergency response.
• Communicating complex financial information to both technical and non-technical stakeholders in a crisis or emergency context
• Staying up to date with emerging trends and best practices in financial risk management for crisis or emergency situations.
• Proficiency with theories, methods, and technology in capacity development field

5. Duration of Service

The contract is valid for 12 months of which the first three months are a probation period, from the date of signature, with a possibility of extension provided the parties agree in writing to such an extension. The consultant will go through a performance review twice a year (mid-term and annual).

6. Reporting Obligations

The Financial Risk Management Specialist will be accountable to the NEOC Deputy Coordinator.

7. Duty Station

The duty station will be Mogadishu, with field visits as necessary.

8. The Federal Ministry of Finance on behalf of Somalia Disaster Management Agency (SoDMA) now invites eligible Individual Consultants to indicate their interest in providing these services. Interested consultants must provide the following (i) Curriculum Vitae (CV) with 3 reference persons; (ii) copies of certificates of academic qualifications; and (iii) cover letter indicating that they are qualified to perform the services.

9. Submission Requirements: The attention of interested Consultants is drawn to paragraphs 3.14 and 3.21 of the World Bank’s Procurement Regulations for IPF Borrowers: Procurement in Investment Financing Goods, Works, Non-Consulting and Consulting Services dated July 2016 and revised in November 2017 August 2018, November 2020 and September 2023 (“Procurement Regulations”) setting forth the World Bank’s policy on conflict of interest and eligibility.

A Consultant will be selected in accordance with the Individual Consultants selection method set out in the “Procurement Regulations”.

10. Mode of submission of Applications and deadline:

Interested applicants may obtain further information including a detailed Terms of Reference from https://sodma.gov.so/.

Deadline: Expressions of interest and CV must be submitted to the below email address on or before Jan 23, 2024, at 11:00 hours (East Africa Time) and marked clearly as Application for NEOC - Financial & risk management specialist - SO-MOF-375012-CS-INDV on the subject line.

Attention:

Project Co-Manager

Somalia Crisis Recovery Project (SCRP),

Ministry of Finance, Federal Republic of Somalia

Shangani District, Mogadishu

Email Address: scrp@mof.gov.so

In line with the SCRP requirements, the PIU seeks to establish gender parity, and hence Women are particularly encouraged to apply.

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