Please note the appropriate Tier indicated in the vacancy title and ensure that you are holding the applicable contract as defined below:

Tier 1: UNDP/ UNCDF/ UNV staff holding permanent (PA) and fixed term (FTA) appointments (defined as “internal” candidates)  
Tier 2: UNDP/ UNCDF/ UNV staff holding temporary appointments (TA) and personnel on regular PSA contracts 
Tier 3: All other contract types from UNDP/UNCDF/UNV and other agencies, and other external candidates and Responsibilities

Background

The United Nations Development Programme (UNDP) supports countries worldwide in building effective institutions, strengthening governance systems, and advancing progress toward the Sustainable Development Goals. The United Nations Development Programme in Serbia has been supporting the Ministry of Finance (MoF) of the Republic of Serbia since 2013 in building institutional capacity for effective coordination and management of economic reforms, accession negotiations, and fulfillment of the economic and political criteria for European Union (EU) membership. In 2018, UNDP launched the project “Support to Strengthen Technical Capacity and Institutional Development of the Ministry of Finance and Coordination in the Field of Economic Governance”, which has provided targeted assistance in strengthening administrative capacities and ensuring institutional stability. The project has focused on capacity building, analysis of the economic environment, and supporting the implementation of Serbia’s fiscal risk management strategy and methodology, including monitoring fiscal risks with a particular focus on those arising from the activities of state-owned enterprises.

In this framework, the overall objective of the current project phase is to continue strengthening the capacities of the MoF for efficient coordination and management of economic reforms and accession negotiations, thereby contributing to Serbia’s progress toward EU membership.

A central focus of these efforts is the further development and implementation of the Public Investment Management (PIM) system. Based on a unique methodology developed by the MoF, the Government of Serbia adopted a new Regulation on Public Investment Management in 2019, which entered into force in January 2020 and applies to all capital projects regardless of funding source. The system strengthens quality controls at both the planning and execution stages, institutionalizes control points, and introduces gatekeeping mechanisms such as investment pre-selection, resolution of dormant projects, and ex-post evaluation. The new framework is designed to provide a unified mechanism for managing all public investments, ensuring a more active role for the MoF in preparing, monitoring, and strategically managing capital projects.

In April 2019, the Government also established the Capital Investment Commission (CIC), chaired by the Prime Minister, as the central decision-making body for investment projects under the new PIM Regulation. To support these functions, the MoF established a dedicated Public Investment Management Unit (PIM Unit), which is responsible for the planning and monitoring of capital investments and reports directly to the CIC.
In this context, the Ministry of Finance has initiated the implementation of measures outlined in relevant policy documents and requires external support to ensure their effective execution. To this end, UNDP is seeking a Technical Analyst to provide expertise on financial sector reforms and coordinate Delivery Unit based in the Ministry of Finance.
 

Duties and Responsibilities

Coordinate effective project planning and implementation

•    Monitor project implementation, including progress tracking, risk and issue management, and timely reporting on results.
•    Coordinate and supervise the project team, monitor performance and deliverables, provide guidance as needed, and review and approve expert materials.


Facilitate knowledge sharing, partnership and advocacy regarding Financial Sector Reforms

•    Support the management of the working group for Capital Markets Strategy implementation, including tracking progress, preparing reports, and providing technical input.
•    Facilitate coordination and collaboration among national counterparts, project partners, and stakeholders to ensure effective strategy execution.
•    Provide assistance and input in regulatory/legal benchmarking for alignment with best practices in regional and EU markets.

Monitor and report on progress in implementing project activities

•    Review the results framework and update the indicators, baselines, and targets of the assigned portfolio. Develop clear strategies and an effective system for data collection, means of verification, and information sharing and reporting. 
•    Monitor implementation and progress in achieving goals and targets in accordance with the established quality criteria and UNDP rules, regulations, and standards. Identify, analyze, and take adequate measures to manage emerging issues, problems, and risks. Conduct field visits to project location sites.

Policy development and capacity building in Financial Sector Reforms area

•    Contribute to the drafting of policy papers and deliver comprehensive analysis and synthesis of reports to inform financial sector reforms and capital markets development strategies.
•    Provide technical inputs to enhance decision-making and the overall policy-design process.
•    Support capacity development and corporate governance improvement initiatives for state-owned companies to contribute to capital markets growth.
•    Support in designing and promoting programs to strengthen governance and other critical aspects of financial sector reforms.

The incumbent performs other duties within their functional profile as deemed necessary for the efficient functioning of the Office and the Organization.

Institutional Arrangement

Technical Analyst for Delivery Unit (Financial Sector Reforms) will work under the overall guidance and supervision of the PAR&PFM Portfolio Manager. 
 

Competencies

Core:
Achieve Results: LEVEL 2: Scale up solutions and simplifies processes, balances speed and accuracy in doing work
Think Innovatively: LEVEL 2: Offer new ideas/open to new approaches, demonstrate systemic/integrated thinking
Learn Continuously: LEVEL 2: Go outside comfort zone, learn from others and support their learning
Adapt with Agility: LEVEL 2: Adapt processes/approaches to new situations, involve others in change process
Act with Determination:  LEVEL 2: Able to persevere and deal with multiple sources of pressure simultaneously
Engage and Partner: LEVEL 2: Is facilitator/integrator, bring people together, build/maintain coalitions/partnerships
Enable Diversity and Inclusion: LEVEL 2: Facilitate conversations to bridge differences, considers in decision making 

People Management

UNDP People Management Competencies can be found in the dedicated site.

Cross-Functional & Technical competencies  

Thematic Area

Name

Definition
Business Direction & Strategy Strategic Thinking

 Develop effective strategies and prioritised plans in

line with UNDP’s mission and objectives, based on

the systemic analysis of challenges, opportunities

and potential risks; link the general vision to reality

on the ground to create tangible targeted solutions;

learn from a variety of sources to anticipate and

effectively respond to both current and future

trends; demonstrate foresight.
Business Direction & Strategy System Thinking Ability to apply objective problem analysis and sound judgment to understand the interconnections within complex systems, recognizing how individual elements interact and how changes to one component may affect the entire system.
Business Management Results-based Management

 Ability to manage the implementation of strategies,

programmes, and projects with a focus at improved

performance and demonstrable results. Knowledge

and understanding of relevant theories, concepts,

methodologies, instruments, and tools
Legal Legal analysis skills The ability to digest a large amount of information and facts in order to frame and understand an issue, apply the legal framework to the particular set of facts and present a coherent and comprehensive analysis of the situation presented in order to deliver practical and meaningful advice. This skill includes the ability to provide an objective assessment of the case, the organization's best arguments for proceeding and a recommended course of action. It also includes the capacity to think creatively and flexibly, within the applicable legal framework.
Legal  Legal Research The ability to identify and retrieve information to support legal positions and corporate decision making from all relevant sources. In the UNDP context, this skill includes, amongst other things, proactive seeking of information in anticipation of the different angles that any given issue may present.
2030 Agenda: Partnerships SDG Integration  Economic forecasting

Required Skills and Experience

Education:

  • Advanced university degree (master’s degree or equivalent) in Law, Economics, or a related field is required. OR
  • A first-level university degree (bachelor’s degree) in the above-mentioned fields, in combination with an additional two years of qualifying experience, will be given due consideration in lieu of the advanced university degree

Experience:

  • Minimum of 2 years (with master’s degree) or 4 years (with bachelor’s degree) of relevant professional experience in legal regulatory affairs and banking sector is required. 
  • Demonstrated expertise in legal affairs, regulatory knowledge in the financial sector, banking experience, and stakeholder engagement is required

Desired skills

  • Experience in providing legal and regulatory support related to capital markets reforms, including drafting (or participation in drafting) and implementation of laws, by laws, and strategies
  • Experience in facilitating public hearings, consultations, and engagements with stakeholders to refine regulatory and strategic proposals.
  • Previous experience in providing legal opinions and analysis on credit risk management, collateral monitoring, and compliance with national regulatory standards, including reporting.
  • Experience in managing complex, multi-partner projects across sectors, ensuring alignment with institutional and policy goals.
  • Proven track record of excellent writing, reporting, and presentation skills in multilingual environments.
  • Proven experience in cross-cultural communication and multilingual stakeholder engagement.
  • Proficiency in project monitoring tools and the Microsoft Office Suite (Excel, PowerPoint, SharePoint), with the ability to adapt to new digital platforms.
  • Proven track record of sound understanding of Serbia’s political, institutional, and socio-economic context 

Languages:

  • Fluency in Serbian and English is required. 

Important Information

The online application form must be fully completed. Applicants are required to carefully complete their online application form and reflect all of their work experience history in the application. 

Only attaching a CV is not sufficient for applicants to be considered for positions. All applicants have to complete the Experience, Education, Language, and Nationality & Permanent Residence fields fully.

Managers may ask (ad hoc) for any other materials relevant to pre-assessing the relevance of their experience, such as reports, presentations, publications, campaigns or other materials.

Equal opportunity

As an equal opportunity employer, UNDP values diversity as an expression of the multiplicity of nations and cultures where we operate and, as such, we encourage qualified applicants from all backgrounds to apply for roles in the organization. Our employment decisions are based on merit and suitability for the role, without discrimination. 

UNDP is also committed to creating an inclusive workplace where all personnel are empowered to contribute to our mission, are valued, can thrive, and benefit from career opportunities that are open to all.

Sexual harassment, exploitation, and abuse of authority

UNDP does not tolerate harassment, sexual harassment, exploitation, discrimination and abuse of authority. All selected candidates, therefore, undergo relevant checks and are expected to adhere to the respective standards and principles. 

Right to select multiple candidates

UNDP reserves the right to select one or more candidates from this vacancy announcement.  We may also retain applications and consider candidates applying to this post for other similar positions with UNDP at the same grade level and with similar job description, experience and educational requirements.

Scam alert

UNDP does not charge a fee at any stage of its recruitment process. For further information, please see www.undp.org/scam-alert.

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