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Technical Specialist, Risk Financing

Geneva

  • Organization: UNDP - United Nations Development Programme
  • Location: Geneva
  • Grade: Level not specified - Level not specified
  • Occupational Groups:
    • Economics
    • Banking and Finance
    • Project and Programme Management
  • Closing Date: Closed
  • Background
 
UNDP is committed to achieving workforce diversity in terms of gender, nationality and culture. Individuals from minority groups, indigenous groups and persons with disabilities are equally encouraged to apply. All applications will be treated with the strictest confidence.
 
UNDP does not tolerate sexual exploitation and abuse, any kind of harassment, including sexual harassment, and discrimination. All selected candidates will, therefore, undergo rigorous reference and background checks.

UNDP is the knowledge frontier organization for sustainable development in the UN Development System and serves as the integrator for collective action to realize the Sustainable Development Goals (SDGs). UNDP’s policy work carried out at HQ, Regional and Country Office levels forms a contiguous spectrum of deep local knowledge to cutting-edge global perspectives and advocacy. In this context, UNDP invests in the Global Policy Network (GPN), a network of field-based and global technical expertise across a wide range of knowledge domains and in support of the signature solutions and organizational capabilities envisioned in the Strategic Plan.

Within the GPN, the Bureau for Policy and Programme Support (BPPS) has the responsibility for developing all relevant policy and guidance to support the results of UNDP’s Strategic Plan.  BPPS’s staff provides technical advice to Country Offices; advocates for UNDP corporate messages, represents UNDP at multi-stakeholder fora including public-private dialogues, government and civil society dialogues, and engages in UN inter-agency coordination in specific thematic areas.  BPPS works closely with UNDP’s Crisis Bureau (CB) to support emergency and crisis response.  BPPS ensures that issues of risk are fully integrated into UNDP’s development programmes. BPPS assists UNDP and partners to achieve higher quality development results through an integrated approach that links results-based management and performance monitoring with more effective and new ways of working.  BPPS supports UNDP and partners to be more innovative, knowledge and data driven including in its programme support efforts.

Finance Sector Hub

The Finance Sector Hub, a finance and innovation platform, draws on a critical mass of UNDP expertise, initiatives, and partnerships to support the mobilization and leveraging of resources for the SDGs and lead the implementation of the new UNDP private sector strategy and other initiatives. The Hub is an integral part of both the Bureau for Policy and Programme Support (BPPS) and the Bureau of External Relations and Advocacy (BERA), as well as part of the GPN. The Hub serves as a connector, broker and global coordinator among internal and external actors; curates and manages UNDP’s catalogue of service offers on SDG financing to governments, investors and companies, via the COs, to significantly enhance the scale and impact of UNDP’s work.

UNDP’s Work on Insurance and Risk Financing

The collaboration between the insurance industry and the development sector has grown significantly over the last five years. Key initiatives, such as the Insurance Development Forum, InsuResilience Global Partnership and the Ocean Risk and Resilience Action Alliance, have evolved into significant policy and standard setting partnerships, bringing together countries, the development sector, and the private and mutual/cooperative sectors of industry. The Tripartite Agreement between the German Government, UNDP and Insurance Development Forum (and its private sector members) is a flagship example of such transformative partnerships. Increasingly, these partnerships are moving beyond policy to programming, with a strong focus on not only delivering insurance and risk financing solutions to countries and communities, but also on long-term transformational change of insurance markets.

UNDP’s growing work in this space has led to the creation of the Insurance and Risk Finance Facility, within the Finance Sector Hub. This work covers a range of critical areas where insurance and risk transfer solutions and collaboration with the industry can add significantly to achieving and delivering on the Sustainable Development Goals (SDGs.) Covering inclusive insurance, sovereign risk financing, insurance investments, natural capital, health, SME development and more, UNDP’s work will look to not only develop and deliver insurance solutions together with countries and communities, it will also look to work with partners to transform insurance markets, working on legislation, regulation and institutional capacity.

UNDP’s dedicated team working on insurance, risk and resilience financing, is now being enhanced with additional capacity to deliver on the promise and commitment at the core of this flagship initiative.

Under the overall supervision of the Special Advisor, SDG Finance Sector Hub / Team Leader, Insurance and Risk Financing Facility, and working closely with the other team members, Risk Financing Specialist will be responsible for leading and guiding UNDP work on sovereign and sub-sovereign risk financing, providing representation to develop and deliver technical risk finance solutions, identifying and resourcing new initiatives and ensuring that UNDP’s work in risk financing is well known, well positioned and increasingly informed by research and evidence. They will also be responsible for providing regional leadership and broad technical capacity to UNDP’s countries of the Regional Bureau of the Arab States.

Position Purpose

Under the overall supervision of the Special Advisor, SDG Finance Sector Hub / Team Leader, Insurance and Risk Financing Facility, and working closely with the other team members, Risk Financing Specialist will be responsible for leading and guiding UNDP work on sovereign and sub-sovereign risk financing, providing representation to develop and deliver technical risk finance solutions, identifying and resourcing new initiatives and ensuring that UNDP’s work in risk financing is well known, well positioned and increasingly informed by research and evidence. They will also be responsible for providing regional leadership and broad technical capacity to UNDP’s countries of the Regional Bureau of the Arab States.

Key Duties and Accountabilities

Risk Finance Leadership, Coordination and Coherence

Example of Duties:

  • Lead UNDP’s work in the risk finance space both internally within UNDP and externally with partners and other stakeholders.
  • Play a key coordinating role across all key global forums for risk finance, including within the Insurance Development Forum and InsuResilience Global Partnership, as well as with key partners such as the private sector and institutions working on issues of risk finance.
  • Actively connect these key global fora and partnerships with UNDP’s work at the country level and focus on translating global policy discussions into practical action.
  • Support UNDP’s corporate work by providing strategic advice, advocacy support, and critical analysis and information on risk finance, to enhance UNDP’s overall positioning, including the preparation of briefing notes, presentations, speeches etc.
  • Develop a work plan for integrating gender across UNDP’s risk financing work programme, including commissioning knowledge pieces to support the implementation of gender-informed risk financing and insurance solutions.

Technical Policy Advice

Example of Duties:

  • Provide technical leadership and support to UNDP’s work in risk finance, and support all work, global, regional or at a country level (where appropriate);
  • Play a key role in developing UNDP’s workstream for risk finance at the country level, working across both supply and demand sides, covering legislation, regulation and institutional capacity development, as well as advocacy and awareness raising for both government (national and sub-national) and partners;
  • Design training and education packages to deliver on this workstream and support their rollout across critical countries, regions and all UNDP country offices.
  • Work across UNDP teams of the Global Policy Network to develop aligned programming in related areas such as climate adaptation, disaster risk reduction and public sector financing, and actively develop and implement work with UNDP teams in these areas, with a focus on joint delivery of work at the country level

Project Identification, Development and Resource Mobilization

Example of Duties:

  • Lead UNDP’s development work across Risk Finance, from project identification, through technical specification, partnership collaboration and delivery.
  • Contribute significantly to the development of strategic programmatic partnerships with both internal and external partners to advance the implementation of Risk Finance initiatives as part of UNDP’s Insurance and Risk Finance Facility.
  • Support the overall team’s fundraising efforts (as well as that identified with country offices and the team’s Regional Specialists) as required

External Engagement, Knowledge Management, Advocacy, Research and Evidence

Example of Duties:

  • Lead on risk finance knowledge management, advocacy and research issues for the Insurance and Risk Finance Facility, as part of the team’s wider package of work, including where appropriate the development of knowledge products, reports, technical briefs and guidance notes.
  • Support the technical development of marketing, policy, learning and advocacy materials related to the team’s work, as well as in support of both the Finance Sector Hub and wider GPN, especially as it relates to risk finance.
  • Represent UNDP’s Insurance and Risk Finance Facility across media, and actively contribute to its work through a strong social media presence supported by regular expert articles, as appropriate.

Regional Specialist for Regional Bureau of Arab States (RBAS)

Example of Duties:

  • Provide regional leadership for RBAS countries on UNDP’s work across insurance and Risk Finance and support the integration of the IRFF’s work, as relevant, across other regional projects and programmes
  • Develop and deliver regional and country-level work-plans in collaboration with country offices and industry partners and, where appropriate, manage resources that may be delegated as part of overall policy and programmatic work.
  • Provide direct technical advice to Country Offices and Programme Countries, especially for the implementation of country-level programmes, and, where appropriate, jointly manage the delivery of specialized insurance/risk finance staff at the country level.
  • Liaise with both public and private sector delivery partners together with country offices, and actively work with members of key insurance/development partnerships, such as the Insurance Development Forum and InsuResilience Global Partnership. 
  • Develop and implement a robust lessons-learnt programme across countries which will be supported by UNDP’s Insurance and Risk Finance Facility.
  • Identify new and scalable opportunities for UNDP across the region and within countries and develop them to concept stage. Maintain a pipeline of all work in all stages and regularly follow up on all initiatives in development.

Supervisory/Managerial Responsibilities: None

Requirements:

Education

A Master’s degree in Economics, Finance, Insurance, Public Financial Management or other closely related area is required

 Experience, Knowledge, and Skills

  • A minimum of 7 years of relevant experience in risk finance (preferably at sovereign and sub-sovereign levels), especially in developing countries, ideally both at the public (national or multilateral, including UN) and private sectors (academia, non-governmental sector, corporate), with an increasing level of responsibility is required;
  • Experience in overseeing implementation of risk finance projects involving government, private sector, academia and/or intergovernmental stakeholders, in developing countries is highly desirable, especially the countries of the UNDP Regional Bureau for the Arab States;
  • Experience in results-based and results-oriented project implementation and management across issues of strategy, financing, administration and human resources is desirable
  • Familiarity and experience working with key global insurance stakeholder organizations such as InsuResilience, Insurance Development Forum, and others is desirable
  • Experience in overseeing and guiding the development of risk financing communications and knowledge management strategies and products such as technical reports is an asset; 
  • Working experience in UN or other international organization, and knowledge of UNDP policies, procedures and practices is an advantage.
  • Excellent knowledge of the English language, with exceptional writing, presentation and communication skills is a must.
  • Competency in other UN languages is an asset. Competency in Arabic is highly desirable

Expected Demonstration of Competencies

Core : Full list of UNDP Core Competencies can be found here 

  • Achieve Results: LEVEL 3: Set and align challenging, achievable objectives for multiple projects, have lasting impact
  • Think Innovatively: LEVEL 4: Easily navigate complexity, encourage/enable radical innovation, has foresight
  • Learn Continuously: LEVEL 3: Create and act on opportunities to expand horizons, diversify experiences
  • Adapt with Agility: LEVEL 3: Proactively initiate and champion change, manage multiple competing demands
  • Act with Determination: LEVEL 3: Think beyond immediate task/barriers and take action to achieve greater results
  • Engage and Partner: LEVEL 4: Construct strategic multi-partner alliances in high stake situations, foster co-creation
  • Enable Diversity and Inclusion: LEVEL 3: Appreciate benefits of diverse workforce and champion inclusivity

People Management

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

Cross-Functional & Technical competencies

2030 Agenda: Engagement and Effectiveness

Insurance for development

  • Knowledge of global development financial trends, global financial institutions and processes, and ability to apply in strategic and/or practical situations
  • Knowledge of risk governance concepts and the ability to apply to strategic and/or practical situations

2030 Agenda: Planet

Sustainable Development

  • Knowledge of sustainable development concepts, principles and issues and the ability to apply to strategic and/or practical situations, covering the economic, social and environmental dimensions

Business Development

Global Development Finance

  • Knowledge of global development financial trends, global financial institutions and processes, and ability to apply in strategic and/or practical situations
  • Ability to develop effective strategies and prioritize plans in line with UNDP’s objectives, based on the systemic analysis of challenges, potential risks and opportunities, linking the vision to reality on the ground, and creating tangible solutions

Business Management

Results-based Management

  • Ability to manage programmes and projects with a focus at improved performance and demonstrable results

Business Direction and Strategy

Partnerships Management

  • Ability to build and maintain partnerships with wide networks of stakeholders, Governments, civil society and private sector partners, experts and others in line with UNDP strategy and policies
  • Ability to manage relationships through pathways of knowledge exchange, capacity development, funding relationships and strategic engagement
For external applicants, please note that continuance of appointment beyond the initial 12 months is contingent upon the successful completion of a probationary period.
 
Disclaimer
 
 
Under US immigration law, acceptance of a staff position with UNDP, an international organization, may have significant implications for US Permanent Residents. UNDP advises applicants for all professional level posts that they must relinquish their US Permanent Resident status and accept a G-4 visa, or have submitted a valid application for US citizenship prior to commencement of employment. 
 
UNDP is not in a position to provide advice or assistance on applying for US citizenship and therefore applicants are advised to seek the advice of competent immigration lawyers regarding any applications.
 
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