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Corporate Governance Consultant


About Ministry of Finance

Ministry of finance
The current structure of the State-Owned Banking sector of Afghanistan comprises three State Owned Banks (SBs). Bank-E-Millie Afghan (BMA) and Pashtany Bank (PB) have been historically state-owned and were established originally in 1933 and 1954, respectively. New Kabul Bank (NKB) was only established 2011 as part of the resolution efforts and nationalization of the collapsed privately-held Kabul Bank.
The Government of the Islamic Republic of Afghanistan (GoIRA) has drafted a long-term strategy for SBs. GOIRA, with funding support from the International Development Agency (IDA), is seeking to embark on the implementation of the State Bank strategy, as part of the Modernizing the Afghan State Bank project (MSB project).

Job Summary

1. Appraisal: The consultant will be responsible to analyze all the background data received (policies, guidelines, regulations, and corporate governance questionnaire), and carry out interviews to assess capacity as relevant for corporate governance.
2. Contribute to the preparation of a CG assessment report for each bank

Job Details

Date Posted: 11 Jun 2018 Reference: MoF/MOSB/1
Closing Date: 26 Jun 2018 Work Type: Full Time
Number of Vacancies: 1 Gender: Any
Functional Area: Consulting Open Ended: NO
Nationality: International Salary Range: As per company salary scale
Contract Type: Fixed-term Years of Experience: 10 Year(s)
Contract Duration: 12 Year(s) & 0 Month(s) Extension Possibility: No
Probation Period: 3 Months

Duties and Responsibilities

2. Scope of Work
As part of the implementation of the strategy, the Ministry of Finance is recruiting a Corporate Governance (CG) Consultant. The CG Consultant is expected to provide the following services:

A. Support Corporate Governance assessment for (State Bank/s)
The consultant will be responsible for:
1. Appraisal: The consultant will be responsible to analyze all the background data received (policies, guidelines, regulations, and corporate governance questionnaire), and carry out interviews to assess capacity as relevant for corporate governance.
2. Contribute to the preparation of a CG assessment report for each bank
The detailed CG assessment of the SBs is to be performed covering the following areas in line with the World Bank Group (WBG) Corporate Governance Methodology:
• Exercise of Ownership Rights by the State
• Commitment to Good Corporate Governance Principles
• Structure and Operation of the Board of Directors and the Executive Board
• Control Environment
• Transparency and Disclosure
• Shareholders’ Rights

B. Focal point for coordination and implementation of CG actions for State Banks
As part of the overall strategy to modernize the state bank sector in Afghanistan, the GoIRA aims to strengthen the corporate governance framework and environment of SBs. The CG Consultant is expected to work with the Ministry of Finance (MoF), ensuring the appointment of competent Boards of Supervisors (BoS), strengthening the capacity of the BoS and enhancing the overall corporate governance environment of the SBs.
To this end, the consultant is expected to:
• Coordinate the implementation of CG reforms with the different stakeholders.
• Work closely with the Ministry of Finance, as well as the management and Boards of Supervisors of SBs, on the implementation of CG reforms.
• Regularly report to MSB project leadership on implementation progress.

C. Coordinate the implementation of recommendations of the CG assessments for each SB
The Consultant, under guidance from MSB Project Leadership, will coordinate the implementation of the corporate governance recommendations arising from the CG assessment with SB management and BoS. In particular, the Consultant is expected to ensure that the timelines for recommendation implementation established in the CG assessment will be respected.

D. Develop Oversight function for State Banks within Ministry of Finance
The Consultant will be responsible for the development of a number of policies and procedures to enhance the Ministry capacity to oversee State Banks performance and help the ministry exercise its ownership function in the following key areas:
• Performance monitoring
• Financial and non-financial reporting
• Appointment process and procedures
• Organizational structure of the oversight function.

5. Deliverables and Timeline

The CG Consultant will report to the Project Director of the MSB project at the Ministry of Finance. The Consultant will be expected to be present in Kabul for at least 12 months over a 2-year period.

Break down of activities
Activity Timeline
A. CG diagnostics Completed within 4 months
B. Liaise with counterparts Throughout assignment
C. Implementation Support Following diagnostics
D. Develop Oversight Function Throughout assignment
The Consultant will submit quarterly progress report.


4. Selection Criteria
The Consultant must meet the following requirements:
• Thorough knowledge of corporate governance concepts for banks
• Masters’ Degree in relevant field
• At least ten (10) years of relevant experience in corporate governance and related reforms
• Fluency in English.
• Experience in working with Senior (Financial and non-Financial) Executives and Government officials
• Experience in the implementation of complex, multi-year projects
• Experience in SOE reforms a plus.

Selection Method:
Selection will be carried out through Limited Competitive Selection of Individual Consultants in accordance with paragraph 7.38 of the Bank’s Procurement Regulations for Borrowers for Goods, Works, Non-Consulting and Consulting Services dated July 1, 2016 (Procurement Regulations

Job Location

Afghanistan - Kabul


Masters Degree, Account/Finance

Submission Guideline

Interested International candidates are requested to submit a cover letter, CV and related documents to the email address mentioned specifying the position and vacancy number in the subject line.

Submission Email

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