National Consultant on the Development of Draft Regulations on the Procedure for Conducting Clearing Activities and Trust Management of Securities

Job Posting Organization:
The job is posted by the United Nations Development Programme (UNDP), which is a global development network advocating for change and connecting countries to knowledge, experience, and resources to help people build a better life. Established in 1965, UNDP operates in approximately 170 countries and territories, working to eradicate poverty and reduce inequalities through sustainable development. The organization focuses on various areas including democratic governance, peacebuilding, climate change, and disaster resilience, and has a workforce of over 17,000 employees worldwide.

Job Overview:
The position of National Consultant involves the development of draft regulations concerning the procedures for conducting clearing activities and trust management of securities. This role is crucial as it aims to enhance the regulatory framework governing financial transactions and securities management in Turkmenistan. The consultant will be expected to analyze existing regulations, identify gaps, and propose comprehensive solutions that align with international best practices. The assignment is set to take place from January 2026 to February 2026, and the consultant will work closely with UNDP and relevant stakeholders to ensure that the drafted regulations are practical, enforceable, and beneficial for the financial sector in Turkmenistan. The consultant will also be responsible for engaging with local authorities and financial institutions to gather insights and feedback during the drafting process.

Duties and Responsibilities:
The consultant will be tasked with several key responsibilities, including but not limited to: conducting a thorough review of existing regulations related to clearing activities and trust management of securities; engaging with stakeholders, including government officials, financial institutions, and legal experts, to gather input and insights; drafting comprehensive regulations that address identified gaps and align with international standards; preparing reports and documentation that outline the rationale behind the proposed regulations; facilitating workshops or meetings to present the draft regulations and gather feedback; revising the draft based on stakeholder input and finalizing the document for submission; and ensuring that all activities are completed within the specified timeline and in accordance with UNDP's guidelines.

Required Qualifications:
Candidates must possess a strong background in finance, law, or a related field, with a deep understanding of securities regulations and financial markets. Proven experience in regulatory drafting, policy analysis, or legal consultancy is essential. The ideal candidate should demonstrate excellent analytical skills, attention to detail, and the ability to communicate complex legal concepts clearly. Familiarity with international best practices in securities management and a track record of working with governmental or financial institutions will be highly regarded. Additionally, candidates should exhibit strong interpersonal skills and the ability to work collaboratively with diverse stakeholders.

Educational Background:
A minimum of a Master's degree in finance, law, economics, or a related discipline is required for this position. Advanced qualifications or certifications in financial regulation, securities law, or compliance will be considered an asset. The educational background should reflect a solid understanding of the legal and regulatory frameworks governing financial transactions and securities management.

Experience:
Candidates should have at least 5 years of relevant professional experience in regulatory affairs, financial consulting, or legal advisory roles, particularly in the context of securities and financial markets. Experience working with international organizations or governmental bodies on regulatory issues will be advantageous. The consultant should also have a proven track record of successfully drafting legal documents or regulations and engaging with stakeholders to implement regulatory frameworks.

Languages:
Fluency in English is mandatory, as all documentation and communication will be conducted in this language. Proficiency in Russian or Turkmen is considered a strong asset, as it will facilitate better engagement with local stakeholders and enhance the effectiveness of the consultant's work.

Additional Notes:
This position is classified as an individual contractor role, and the assignment is expected to last for a short duration from January 2026 to February 202

• The consultant will be required to submit proposals directly through the UNDP supplier portal, and all communications regarding the tender must be conducted through the portal's messaging functionality. The role is expected to be full-time during the assignment period, and the consultant will be compensated in accordance with UNDP's payment policies for individual contractors.