Consultancy – AML/CFT Trainer – Hargeisa, Somaliland

• Organization: IDLO – International Development Law Organization
• Location: Hargeysa (Somalia)
• Grade: Single Engagement Agreement – Consultancy
• Occupational Groups:
  • Banking and Finance
• Closing Date: 2021-11-18

Background

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.

The Position

To support the Banks’ ongoing efforts to implement Somaliland’s Anti-Money Laundering Law, IDLO is seeking to recruit, on behalf of the Bank, an AML/CFT Trainer to develop regulations and guidelines for the effective implementation of the Somaliland AML/CFT law and to provide targeted training to officials from reporting entities and law enforcement agencies based in Somaliland.

Scope of work

1. Support the Bank in the development of the below listed regulations and guidelines to support the implementation of the Somaliland AML/CFT Law No.87/2019.

• Know Your Customer (KYC) guidelines.
• Customer Due Diligence (CDD) guidelines.
• Fraud monitoring directive for Financial Institutions.
• AML/CFT guidance for Non-Profit Organizations.

2. Develop a specific training manual for reporting entities on the Somaliland AML/CFT law and deliver training to 50 participants from Somaliland-based financial institutions to enhance their knowledge and capacity to comply with their obligations under the AML/CFT law and other Bank AML/CFT regulatory requirements.

3. Develop a specific training manual for law enforcement officials on the Somaliland AML/CFT Law and deliver training to 30 law enforcement officials to enhance their knowledge and capacity to combat money laundering and terrorist financing

Institutional arrangements:

The AML/CFT Trainer will be recruited into and embedded within the FIU Department of the Somaliland Bank for a duration of 3 months. She/he will work under the direct daily supervision of the Director of the FIU Department.

Expected final deliverables: 

• Four regulations and guidelines to support the implementation of the Somaliland AML/CFT Law No.87/2019;
• Training manual and delivery of 5-day training to participants from Somaliland based financial institutions; and
• Training manual and delivery of 5-day training law enforcement officials in Somaliland.
• Deliverables and Payment structure for the consultancy:
• The AML/CFT Trainer will be paid according to the daily consultancy rate provided by AML/CFT Trainer multiplied by the assignment duration.

Deliverables:

1. Upon completion of the development of the four regulations and guidelines for the Bank (40 working days allocated to this deliverable);
2. Upon completion of the development of training manual and materials and delivery of 5-day training to participants from Somaliland based financial institutions (30 working days allocated to this deliverable); and
3. Upon completion of the development of training manual and materials and delivery of 5-day training to law enforcement officials (30 working days allocated to this deliverable).

Education and Work Experience 

• Advanced university degree (Master’s degree or equivalent) in Economics, Finance, Accounting, Law or related field;
• Minimum 6 years of relevant professional experience including in training/advising FIUs, law enforcement officers, prosecutors, and/or other officials in matters relating to the detection, investigation, and disruption of money laundering and the financing of terrorism;
• Proven experience of working with government institutions/regulators, executive committees, or similar leadership;
• Proven experience in developing  and conducting training;
• Fluency in written and spoken English;
• Fluency in written and spoken Somali is an asset but not a requirement; and
• Strong communication and interpersonal skills, and the ability to develop excellent relations with national counterparts.

TERMS AND CONDITIONS

Applications will be screened on regular basis; a qualified applicant might be recruited before the deadline. In the interest of making the most effective use of resources, only short-listed candidates will be contacted during the selection process.

IDLO is an Equal Opportunity Employer and values diversity in all areas of its operations. We welcome applications of qualified and diverse candidates.

IDLO is committed to achieving a 50/50 gender balance at all levels within its workforce. Female candidates are strongly encouraged to apply for IDLO vacancies.

IDLO does not tolerate sexual exploitation or abuse, any kind of harassment, including harassment of a sexual nature; or discrimination. As such, IDLO will conduct careful reference and background checks of all selected candidates as part of its selection process.

DISCLAIMER AND CLOSING DATE 

The above statements are intended to describe the general nature and level of the work being performed by the Contractor assigned to this work. This may not be an exhaustive list of all duties and responsibilities.

All applications will be treated with the strictest confidentiality and in compliance with IDLO’s policy on personal data protection.

The Director-General of IDLO reserves the right to amend and change responsibilities or even to cancel the recruitment to meet business and organizational needs as necessary.

Application deadline: 18 November 2021 (23:59hrs Rome Time).

 

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