National Consultant on Supporting the Development of Financial Markets

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 National Consultant on Supporting the Development of Financial Markets will play a crucial role in strengthening the institutional and regulatory environment for financial markets in Turkmenistan. This position involves providing expert advice and support to enhance the financial market framework, ensuring it aligns with international standards and best practices. The consultant will be expected to engage with various stakeholders, including government agencies, financial institutions, and regulatory bodies, to facilitate the development of policies and regulations that promote a robust financial market. The assignment is set to take place from February 2026 to December 2026, during which the consultant will be responsible for conducting assessments, developing strategic recommendations, and supporting the implementation of initiatives aimed at improving the financial market landscape in the country.

Duties and Responsibilities:
The consultant will be tasked with a comprehensive set of responsibilities, including but not limited to: conducting thorough assessments of the current financial market environment in Turkmenistan; identifying gaps and areas for improvement in the regulatory framework; developing policy recommendations to enhance the institutional capacity of financial market stakeholders; facilitating workshops and training sessions for government officials and financial institutions; collaborating with international experts and organizations to share knowledge and best practices; preparing detailed reports and presentations on findings and recommendations; and monitoring and evaluating the progress of implemented initiatives to ensure their effectiveness and sustainability.

Required Qualifications:
Candidates must possess a strong background in financial markets, economics, or a related field, with a proven track record of working in financial market development or regulatory frameworks. A deep understanding of international financial standards and practices is essential. Additionally, candidates should demonstrate strong analytical and problem-solving skills, as well as the ability to communicate complex concepts effectively to diverse audiences. Experience working with governmental and non-governmental organizations in a consulting capacity is highly desirable.

Educational Background:
A minimum of a Master's degree in finance, economics, business administration, or a related field is required. Advanced qualifications or certifications in financial markets or regulatory affairs will be considered an asset. Candidates should have a solid academic foundation that supports their expertise in financial systems and market dynamics.

Experience:
The position requires at least 5-7 years of relevant professional experience in financial market development, regulatory affairs, or economic policy analysis. Experience working in or with international organizations, particularly in the context of developing countries, is highly advantageous. Candidates should have a demonstrated ability to manage complex projects and work collaboratively with various stakeholders to achieve common goals.

Languages:
Fluency in English is mandatory, with proficiency in Russian being highly desirable. Knowledge of Turkmen language would be an added advantage, as it would facilitate communication with local stakeholders and enhance the consultant's effectiveness in the role.

Additional Notes:
This position is classified as an individual contractor role, with a contract duration from February 2026 to December 202

• The consultant will be expected to work full-time during this period, with specific deliverables and milestones outlined in the contract. Compensation will be commensurate with experience and qualifications, and the consultant will be required to submit proposals through the UNDP supplier portal. The role may involve some travel within Turkmenistan to engage with stakeholders and conduct assessments.