Support to the Ukrainian Financial Sector

The overall objective is to establish a financial services sector in Ukraine that is able to deliver stable, secure and efficient financial markets to provide financial resources to the national economy and support the country’s economic and social development and integration into the global financial environment.

To achieve the qualitative progress in the development of the Ukrainian financial services sector, the project will help the Beneficiaries in filling the crucial gaps in the respective policies, regulations and practices in Ukraine:

  • To enable the Regulators in the financial sector to introduce the financial reporting standards according the XBRL taxonomy;
  • To approximate to the international standards in matters of micro-prudential banking oversight; to enhance NBU’s macro-prudential, counter cyclical and systemic risk supervision up to the standards of the European Central Bank (ECB);
  • To strengthen the capacity of the National Bank of Ukraine in implementation of the measures that to establish the necessary preconditions of the future gradual implementation of the free flow of capital;
  • To upgrade to the international standards the legal and regulatory framework for the audit profession in Ukraine;
  • To establish an Investor Compensation Scheme;
  • To implement the EU-recommended consolidated supervision of banking and nonbank financial institutions;
  • Implementation of Pillar 2 (Supervisory Review Evaluation Process) of Basel II regulatory framework, aiming to ensure compliance of the Ukrainian banking sector to the Basel II requirements.

 

Qualifications: 

Qualifications and skills

  • Master's Degree in financial studies or equivalent; or equivalent professional experience – at least 10 years in the relevant sector above the general professional experience duration fixed below;
  • Fluency in English (written and spoken);
  • Good command of Ukrainian or Russian language will be an asset.

General professional experience

  • Over 20 years of general professional experience, gained after the award of diploma, in skilled jobs (in public sector, international co-operation, financial sector, business administration or equivalent).

Specific professional experience

  • Over 10 years in the IAS/IFRS accounting context, familiar with financial reporting requirements in matters of banking supervision, with expertise on IT tools for reporting in the financial sector;
  • Team Leader in at least one complex international technical assistance project in transition countries (ENPI and IPA countries, former Phare, MEDA or Tacis countries);
  • Experience in the following issues will be an advantage: up to date macroprudential supervision, financial stability issue, implementation of Basel 2, mastering systemic risk approaches for financial sector Regulators;
  • Experience gained in new EU Member States during their transition to EU requirements to the regulation of financial sector will be an asset.
Start / Duration: 

The operational base for the project will be in Kyiv, Ukraine. Missions to other location(s) within the whole territory of Ukraine and, if justified, to other countries, will take place as appropriate for the efficient implementation of the project and / or for the training services to be delivered by the project.

The intended commencement date is October 2014 and the period of implementation of the contract will be 36 months from this date.

If you are interesetd in this tender. please send you most recent CV to

Barbara.Braun [at] afci.de