UNDP Indonesia
UNDP Indonesia

IC/UNDP/IFL/090/2020-International Consultant for Green Sukuk Knowledge Product Development (International Position)  

UNDP Indonesia

 
  • Central Jakarta, Indonesia
    Menara Thamrin, Jl. M.H. Thamrin Kav. 3, Jl. M.H. Thamrin Kav. 3, Kebon Sirih, Central Jakarta, Central Jakarta, Jakarta, Indonesia
    Central Jakarta
    Jakarta
    Indonesia
    Indonesia
    TELECOMMUTE
  • ContractualCONTRACTOR

Expired 3 years ago

2020-11-04T17:00:00+00:00
Job closed.

Job Description

Interest candidate has to access procurement notice Ref.:

IC/UNDP/IFL/090/2020-International Consultant for Green Sukuk Knowledge Product Development (International Position)

at the following link:

https://procurement-notices.undp.org/view_notice.cfm?notice_id=71766

We encourage you to submit your application through bids.id@undp.org by submitting complete documents (Confirmation of interest and financial proposal which available in the above link, P11/CV, latest education certificate,technical proposal and 3 detail information of your referees). Only application with complete supporting document received before or at the closing date will be proceed.

Scope of Work

The knowledge product should reflect on the experience from Indonesia’s global and retail green sukuk initiatives (including key successes and lessons learned), which will:

  • Provide an overview on the approach of green sukuk issuance, including the regulatory/ policy basis, mechanisms and framework - use of proceeds, project evaluation and selection process, management of proceeds, and impact reporting;
  • To develop a platform that will serve as a basis to encourage participation from Islamic finance sector in leading UN initiatives, such as principles for responsible investment, principles for responsible banking, and principles for sustainable insurance that support financial institutions to align with the SDGs and the achievement of NDCs;
  • To develop a model that showcases the ability of green sukuk as a form of Islamic financial instrument to help bridge the gap between conventional and Islamic financial worlds;
  • Present the method to align the SDGs, including climate action, with the Tayyib (wholesome) concept - which contends that the focus of Islamic finance products and services should be on the evaluation of wider societal impact rather than overly legalistic analysis of Shariah compliance;
  • Serve as a thought piece which would highlight the opportunities for Islamic finance to tap into emerging agnostic global liquidity pools seeking SDG-aligned products and increase tactical alignment with development bank funders;
  • Provide recommendations to push forward Islamic alternative to conventional finance, contribute to the achievement of mid- to-long term price stability, and support larger-scale strategic planning and sustainable development.

The consultant is expected to use appropriate methodologies, including:

  • Desk review to identify and elaborate the factors/ aspects that distinguish Islamic and conventional finance (including their instruments, i.e. bonds). Such method may also be leveraged to review the scope and features of green sukuk in particular, various approaches to its issuance, its trends and areas of growth, as well as the relative cost and benefit on the uptake;
  • An online Focus Group Discussion (FGD) and in-depth interviews with identified key stakeholders (e.g. the government, corporates, financial institutions) to identify opportunities and challenges of green sukuk issuance that have been and can be further leveraged/ addressed to support the government within its commitment to achieve its climate ambition as well as SDGs. These methods may also be useful to analyze the current and future potential for Islamic financing (i.e. green sukuk), identify its enabling factors and barriers, as well as the trends and areas of growth, including in the context of COVID-19 economic recovery;
  • Review and assessment to identify the potential risks and challenges that may be encountered in the development of the knowledge product. This includes providing detailed analysis and recommended mitigation tactics to overcome such challenges;
  • Other relevant/ appropriate methodologies.

The approach to the assignment may be a data driven approach and performed using statistical evidence and inference.

Minimum Qualifications

Interest candidate has to access procurement notice Ref.:

IC/UNDP/IFL/090/2020-International Consultant for Green Sukuk Knowledge Product Development (International Position) at the following link:

https://procurement-notices.undp.org/view_notice.cfm?notice_id=71766

We encourage you to submit your application through bids.id@undp.org by submitting complete documents (Confirmation of interest and financial proposal which available in the above link, P11/CV, latest education certificate,technical proposal and 3 detail information of your referees). Only application with complete supporting document received before or at the closing date will be proceed.

Academic Qualifications:

  • At least a master’s degree or equivalent in the field of finance/ economics, public administration, business administration, environmental/ climate studies, sustainable development, economics, investment/ finance, environmental studies/ engineering, natural resources management, environmental policy, and/ or other related fields.

Years of experience:

  • At least 10 years of experience in the sector of Islamic finance (Islamic Commercial Law, Islamic Financial Institutions, Islamic Capital Market), policy analysis, public financial management, framework and instruments development, strategic private sector engagement, partnerships and financing for green or climate-related activities, with 5 years of post-qualification experience in areas related to environmental and natural resource management, environmental assessment, environmental monitoring and environmental stewardship;
  • Substantive experience in country/ regional level work, in close collaboration with central government agencies – e.g. Ministries of Finance and Planning, as well as local governments in Asia and Pacific region, including in leading consultations with senior government officials and facilitate discussions among a wide group of stakeholders will be an advantage;
  • Substantive working experience on sustainable development, climate change, poverty, and gender-related issues in Asia-Pacific region is an advantage.
  • Experience on researching, reporting, writing and editing manuscripts of UN and other international development partners is preferable.
  • Competencies and special skills requirement:
  • Prior complex mix of technical knowledge on Islamic Financing, Public and Private Finance, Capital Market, Environmental and Climate Change, and Sustainable Development;
  • In-depth knowledge of the Islamic finance sector and the best international practice and standards in the development of Islamic finance regulations;
  • Strong command of financial and macroeconomics concepts and key drivers of growth, productivity, profitability and efficiency as well as impact of global sector trends on market opportunities, risks and constraints;
  • Demonstrated knowledge in sustainable development financing as well as environmental and social risk management is preferable;
  • A good knowledge and experience in developing and managing the implementation of Environmental and Social Impact Assessments (ESIAs), Environmental and Social Management Plans (ESMP), Environmental Management Frameworks, the social aspects of development projects (health and safety aspects, involuntary resettlement and gender issues, etc.), monitoring, evaluation and conformity assessment will be an advantage;
  • A good knowledge and experience of multi-criteria assessments, stakeholder engagement and consultation; analytical skills to assess institutional capacity and to design/ review practical arrangements for implementing complex projects;
  • Excellent report writing and drafting skills along with a grasp of Islamic finance operations in the context of Indonesia, as demonstrated by previous research/analytical reports/policy notes on relevant topics;
  • Able to work independently with little or no supervision.

Perks and Benefits

  • Work from HomeWork from Home

Jobs Summary

Job Level
Mid-Senior Level / Manager
Job Category
Management and Consultancy
Educational Requirement
Master's degree graduate
Recruiter response to application
Once in a while
Office Address
Menara Thamrin, Jl. M.H. Thamrin Kav. 3, Jl. M.H. Thamrin Kav. 3, Kebon Sirih, Central Jakarta
Industry
Non-Profit / Volunteering
Vacancy
1 opening
Website
http://www.id.undp.org/

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About UNDP Indonesia

UNDP partners with people at all levels of society to help build nations that can withstand crisis, and drive and sustain the kind of growth that improves the quality of life for everyone. On the ground in 177 countries and territories, UNDP offers global perspective and local insight to help empower lives and build resilient nations.” UNDP Indonesia's mission is to be an agent for change in the human and social development of Indonesia. We aim to be a bridge between Indonesia and all donors as well as a trusted partner to all stakeholders. We work in four key areas of development: Governance Reforms, Pro-Poor Policy Reforms, Conflict Prevention and Recovery, and Environment Management, with the overarching aim of reducing poverty in Indonesia. Besides the four priority areas, UNDP Indonesia is also engaged in a variety of crosscutting initiatives focused on HIV/AIDS, gender equality, and information and technology for development. 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. Female candidates are strongly 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 Indonesia reserves the right to select one or more candidates from this vacancy announcement. We may also retain applications and consider candidates applying to this post for other similar positions with UNDP Indonesia at the same grade level and with similar job description, experience and education requirements. The United Nations does not charge any application, processing, training, interviewing, testing or other fee in connection with the application or recruitment process. Should you receive a solicitation for the payment of a fee, please disregard it. Furthermore, please note that emblems, logos, names and addresses are easily copied and reproduced. Therefore, you are advised to apply particular care when submitting personal information on the web.

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