REQUEST FOR EXPRESSION OF INTEREST.
Mongolia has received a credit from the International Development Association (IDA) for implementation of the Strengthening Fiscal and Financial Stability (SFFS) Project. The Financial Regulatory Commission (FRC) is a beneficiary of the Project and is implementing activities under sub-component #C4. The main objective of the Sub-component is strengthening the institutional capacity of the FRC.
The FRC was established on 25 January, 2006; as a supervisory authority under ‘The Law on the Legal Status of FRC’ approved by the Parliament of Mongolia in 2005.
The non-bank financial market in Mongolia has been developing since the country shifted from a centrally planned economy to a market economy. Associated financial entities have also been developing rapidly as the national economy expands. In 2016, the FRC was restructured, with considerable staff changes within the International Cooperation Department, and many people taking on new roles and responsibilities.
In a fast-moving world economy, where cross-border financial activity has heightened, globalization of the financial services industry makes international cooperation between supervisory authorities increasingly important.  As part of the Organization’s strategic objectives, the FRC strives to align its international strategies and approaches with those of advanced markets, and engage proactively with regional and international organizations (including regulators). This involves bilateral and multilateral collaborations, to contribute to regional financial integration and ensure efficient and sustainable markets. The FRC is a member of international standard-setting organizations including the International Organization of Securities Commission (IOSCO), the International Organization of Insurance Supervisors (IAIS), the Alliance for Financial Inclusion (IAIS) and the International Credit Union Regulator’s Network (ICURN).
In addition, the FRC cooperates closely with international development agencies such as the World Bank Group (WBG), the International Monetary Fund (IMF), Japan International Cooperation Agency (JICA), the Asian Development Bank (ADB) and the Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH (GIZ) - in different areas of financial markets, through technical cooperation and implementation of nation-wide and sector-specific projects.   
The FRC seeks continuously to promote and adopt international standards in relation to activities within its remit.  With the accompanying growth of international relations, the FRC needs to improve its employees’ professional competences - particularly personal skills in financial technical terminology - in order to enhance the FRC’s institutional capacity, support its strategic objectives and facilitate relations with relevant international institutions.
Based on the above, the FRC wishes to hire an experienced international consultant to provide ‘on-the-job’ staff development with teaching, training and mentoring, so as to improve staff professionally and personally, for their work in the challenging non-banking financial sector. The inputs to personal - ‘soft’ - skills development, are expected to complement and reinforce staff’s existing technical – ‘hard’ – skills capabilities.

SCOPE OF THE ASSIGNMENT
The main objectives of this assignment are to improve the FRC staff capacity in financial technical terminology usage; revise and modify official documents used in foreign relations with related non-bank financial institutions, organisations and individuals (in accordance with international document standards), and extend developments to (national) policy documents to facilitate the FRC’s engagement and negotiations with international institutions.
The tasks of the Consultant include, but are not limited to:
Task 1: Improve the FRC staff capacity in financial technical terminology usage
1. Conduct an assessment of staff’s abilities in financial technical terminology usage and international communication, and identify training needs.
2. Conduct an assessment of official documents used in foreign relations, in accordance with international document standards.
3. Provide recommendations based on the assessment results and develop proposals.
4. Organize training and mentoring staff; for improving their skills in the usage of financial technical terminology in the workplace.
5. Provide instruction and practice international negotiation procedures.
6. Develop guidelines on the usage of financial technical terminology (including training/mentoring materials) for staff members’ future use.

Task 2: Review and revise official documents and publications
1. Review official documents, including translations of regulations, annual report of the FRC, strategic plan, and other English language publications and documents used in foreign relations (such as MoUs, proposals, correspondence etc.)
2. Propose recommendation, and revise all reviewed documents and publications.
3. Review and improve the FRC’s website content.
4. Make presentations for the staff of the International Cooperation Department on official documents requirements and international standards.
5. Design samples of the official documents that will guide staff through completion of the documents in accordance with international standards.

SHORTLISTING CRITERIA/CONSULTANT’S QUALIFICATIONS:
1. Education: A postgraduate degree in a relevant subject such as Finance, Business or International Development.
2. Experience: The Consultant should have at least 10 years’ experience working in a multinational team environment; such as: development projects, university, or consultancy (management or development), previous experience in running training, mentoring or coaching in related a field would be advantage. The Consultant shall have authored peer-reviewed English language articles, and published in international journals.
3. Language Skills: The consultant must be a native speaker of English.
4. Other Skills:
a. Excellent interpersonal skills with the ability to mentor effectively and collaboratively in the workplace.
b. The Consultant shall exhibit the highest standards of professional behaviour and personal integrity. The ability to work unsupervised is essential.

CONTRACT DURATION:
The Consultant is expected to commence work in August, 2018. The duration of the assignment will be 120 working days for 5.5 months. The consultant will be selected in accordance with the World Bank’s Procurement Regulations for IPF Borrowers (July 2016).

If you possess the above qualifications, please submit following documents in person:
    Cover letter indicating why she/he considers her/himself suitable for the position,
    Detailed CV highlighting relevant skills/experience,
    Copy of diplomas or certificates and,
    2 reference letters from previous last two employers no later than 17:00, August 27, 2018.

The submitted documents will not be returned to the applicants. Please be noted that incomplete applications would not be considered for evaluation. Only selected candidates will be contacted. Candidates can be interviewed. Detailed terms of reference can be requested from procurement@sffs.mn Contact address: Attn: Ms.Khaliun, Procurement Specialist, Strengthening Fiscal and Financial Stability Project
Room #204, Negdsen undestnii 8/2, 4th khoroo, Chingeltei District, Ulaanbaatar, Mongolia; Tel: 70120582

70120582