The Central Bank of Somaliland or Bank of Somaliland (hereinafter the “the Bank”) was established in 1994 with the mandate of ensuring financial stability and oversight of financial institutions in Somaliland. While significant progress has been made on establishing a sound legal and regulatory framework, however, the Bank continues to face capacity limitations that impede its ability to provide the necessary support and supervisory functions. One particular area of weakness is the Bank’s ability to combat money laundering and terrorist financing. Somaliland’s Anti-Money Laundering Law No. 87/2019, approved in December 2019, formally established a Financial Intelligence Unit that is an independent department within the Bank responsible for receiving, requesting, analyzing, and appropriately disseminating information concerning money laundering and terrorist financing.
To develop the Banks’ capacity to combat money laundering and terrorist financing, a systematic capacity assessment is necessary to identify critical capacity gaps and propose strategic and tailored capacity development strategies. In this regard, IDLO is seeking to recruit an International Institutional Capacity Assessment Consultant or a consultancy firm to undertake this assessment and to produce capacity needs assessment report as well as a capacity development strategy for the Bank primarily focusing on the Bank’s Financial Intelligence Unit.
Scope of assignment:
The outputs to which the Institutional Capacity Assessment Consultant will contribute will be:
Inception phase (Max of 7 working days)
An inception report including a work plan, detailed methodology, report and strategy format, and timeline, to be submitted within 7 days from the commencement of the assignment
Conduct capacity assessment ((Max of 10 working days)
Travel to Hargeisa and undertake an institutional capacity assessment of the Bank, the FIU department of the Bank, and other relevant departments and agencies on desired and existing capacity. This data and information will be gathered by a variety of means, including interviews and focus group discussions with key stakeholders including reporting entities. During the capacity assessment, the Consultant is also required to look in detail interventions by other donors and development partners supporting the Bank so as to help identify synergies and reduce duplication of efforts. The consultant will be assisted by a local consultant with the data collection:
Drafting of capacity needs assessment report and capacity development strategy (Max of 50 working days)
An interim capacity needs assessment report and draft capacity development strategy addressing at least the following key issues:
a. Capacity challenges at the organizational and individual levels in relation to combatting money laundering and terrorist financing;
b. Current capacity development opportunities;
c. Specific capacity needs and priorities at the organizational and individual levels in relation to combatting money laundering and terrorist financing; and
d. Recommendations for the most suitable, effective, efficient, and affordable modes of capacity development to meet the identified needs.
Validation of report and strategy (Max of 7 working days)
Preparation of PowerPoint presentation and other materials and presentation to key officials for validation in Hargeisa.
Finalization and submission of reports (Max of 16 working days))
Revision and submission of final capacity needs assessment report and capacity development strategy
Methodology of work:
The Institutional Capacity Assessment Consultant is expected to undertake a detailed review of existing assessments and literature and consult with all relevant actors mandated to combat money laundering and terrorist financing in Somaliland. Engagement should also include consultation with key donors and development partners supporting the Bank and the Somaliland authorities on Anti-money laundering. An inception report should be submitted to the IDLO Senior Programme Manager no later than two weeks after the award of the contract. This will clearly spell out all the stakeholders to be engaged and the timelines to deliver the assessment. A draft capacity assessment report and capacity development strategy are expected 9 weeks after approval of the inception report with a validation workshop in Hargeisa taking place 2 weeks after submission of the draft report and strategy. With feedback from the validation workshop, the assessment report and the strategy will be updated and finalized within 2 weeks.
The Institutional Capacity Assessment Consultant will work under the overall supervision of the IDLO Senior Programme Manager. IDLO will provide all relevant background documentation and logistically facilitate the Consultant’s field visits to Hargeisa for both the data collection and the validation of the report and strategy.
The Institutional Capacity Assessment Consultant will be directly responsible of, reporting to and seeking approval/acceptance of deliverables from the Senior Programme Manager.
Expected final deliverables:
Inception report showing the approach and methodology that the Consultant will follow in preparing the capacity assessment report and capacity development strategy; A draft capacity assessment report and capacity development strategy; A PowerPoint presentation of the draft capacity needs assessment report and draft capacity development strategy; and A final capacity assessment report and capacity development strategy**
The payment structure for the consultancy** The payment schedule will be as follows:
10% upon delivery of the Inception report ; 40% upon delivery of the capacity assessment report and capacity development strategy; and 50% upon delivery of the final capacity assessment report and capacity development strategy Skills and experience required of consultant:
Advanced university degree (Master’s degree or equivalent) in Economics, Finance, Accounting, Law or related field; Minimum 8 years of professional experience in a relevant field such as Banking or related areas; Proven experience in undertaking capacity needs assessments and in developing capacity development strategies and action plans; Excellent writing and communication skills in English; and Fluency in written and spoken Somali is an asset but not a requirement. DISCLAIMER AND CLOSING DATE
The above statements are intended to describe the general nature and level of the work being performed by the Consultant assigned to this work. This is not an exhaustive list of all duties and responsibilities.
The Director-General of IDLO reserves the right to amend and change responsibilities or even to cancel the consultancy opportunity to meet business and organizational needs as necessary.
The application deadline is by November 29, 2021.