Financial services regulatory drafting support

Job Posting Organization:
The United Nations Capital Development Fund (UNCDF) is an organization that focuses on promoting financial inclusion and sustainable development in the least developed countries. Established in 1966, UNCDF aims to help these countries achieve the Sustainable Development Goals (SDGs) by providing innovative financing solutions and supporting local development initiatives. The organization operates in multiple countries, working closely with governments, private sector partners, and civil society to create an enabling environment for economic growth and poverty reduction. UNCDF employs a diverse team of professionals dedicated to advancing financial services and regulatory frameworks that empower communities and foster economic resilience.

Job Overview:
The position of Financial Services Regulatory Drafting Support involves providing expert assistance in the development and drafting of regulatory frameworks for financial services in the Cook Islands. The role requires a deep understanding of financial regulations, compliance requirements, and the local economic context. The individual will work closely with stakeholders, including government agencies and financial institutions, to ensure that the drafted regulations align with international best practices while being tailored to the specific needs of the Cook Islands. The successful candidate will be expected to conduct thorough research, analyze existing regulations, and propose amendments or new regulations that enhance the financial sector's stability and inclusiveness. This position is crucial for fostering a robust regulatory environment that supports sustainable economic growth and financial inclusion in the region.

Duties and Responsibilities:

• Conduct comprehensive research on existing financial regulations in the Cook Islands and identify areas for improvement.
• Collaborate with local stakeholders, including government officials and financial institutions, to gather input and feedback on regulatory needs.
• Draft clear and concise regulatory documents, including proposals for new regulations and amendments to existing ones.
• Ensure that all drafted regulations comply with international standards and best practices in financial services.
• Provide technical assistance and guidance to stakeholders during the consultation process regarding the proposed regulations.
• Prepare reports and presentations summarizing research findings and recommendations for regulatory changes.
• Facilitate workshops and meetings to discuss regulatory drafts and gather further input from stakeholders.
• Monitor and evaluate the implementation of new regulations and provide ongoing support as needed.
• Stay updated on global trends and developments in financial regulation to inform the drafting process.

Required Qualifications:

• Proven expertise in financial regulation and compliance, with a strong understanding of the financial services sector.
• Excellent drafting skills, with the ability to produce high-quality regulatory documents that are clear and accessible.
• Strong analytical skills, with the ability to assess complex regulatory issues and propose effective solutions.
• Experience working with government agencies, financial institutions, or international organizations in a regulatory capacity.
• Strong interpersonal and communication skills, with the ability to engage effectively with diverse stakeholders.
• Ability to work independently and manage multiple tasks within tight deadlines.
• Familiarity with the economic and financial landscape of the Cook Islands is an advantage.

Educational Background:
A bachelor's degree in law, finance, economics, or a related field is required. A master's degree or equivalent qualification in a relevant discipline is preferred. Additional certifications in financial regulation or compliance would be advantageous.

Experience:
A minimum of 5 years of relevant experience in financial regulation, compliance, or a related field is required. Experience working in the Cook Islands or similar jurisdictions is highly desirable. Proven track record of drafting regulatory documents and engaging with stakeholders in the financial sector is essential.

Languages:
Fluency in English is mandatory, both written and spoken. Knowledge of additional languages spoken in the Cook Islands or the Pacific region would be considered an asset.

Additional Notes:
This position is offered as an individual contractor role, and the contract duration will be specified upon selection. The role is expected to be full-time, with flexibility in working hours to accommodate stakeholder meetings and consultations. Compensation will be commensurate with experience and qualifications, and benefits may include travel allowances for necessary fieldwork.