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, economic, legal or mathematical 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 15 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 5 years of professional experience in the banking supervision authorities of the countries – members of OECD;

• Experience in the implementation of Basel II – Pillars 1, 2 and 3 (EU Directives 2006/48/EC, 2006/49/EC and 2010/76/EU; the relevant documents by the European Banking Authority's (EBA), the "Single Rule Book"1 concerning the strengthening of bank supervision requirements), including experience in the evaluation of banks' Internal Capital Adequacy Assessment Procedures (ICAAP) during the annual Supervisory Review Evaluation Process (SREP);

•  Preferably over 5 years of experience in risk modelling using statistical data, as required for implementation of Pillar 2 of Basel 2 in the EU;

•  Previous experience in technical assistance projects in transition countries (ENPI and IPA countries, former Phare, MEDA or Tacis countries) will be an asset;

• Experience with the Ukrainian legal and regulatory framework in banking supervision 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