The International Labour Organization (ILO) invites applications from qualified professionals with expertise in inclusive finance, microfinance, insurance, and development for its Social Finance Fellowship Programme
The objective of the ILO programme is to match qualified professionals with organizations working on the frontiers of financial inclusion, micro finance and impact insurance, bridge skill gaps and create a new generation of professionals with experience serving low-income populations.
Each Fellow will be placed with a host organization for a year to support an innovation project. The project could range from the implementation of a financial product, public-private partnership, digital solution, or distribution partnership.
Tasks
Specific duties include the following:
- Liaising with the ILO, host organization and partner financial institutions to ensure efficient and timely implementation of the project;
- Familiarization with regulatory frameworks to ensure alignment of recommendations with local financial sector and business formalization legislation;
- Development of approaches to client segmentation, aiming at identifying host and partner organizations’ clients most likely to formalize their activities;
- Visits and interviews of clients of the host organization and/or partner entities to inform recommendations;
- Identification of incentives and capacity development needs, that can contribute to promoting progressive formalization of the targeted client segment (in connection with the type and the conditions of financial product, capacity gaps and needs of the target beneficiaries);
- Contribution to the design of financial products and solutions, including tailoring the products to the needs of the target group; embedding relevant capacity-building activities and incentives, leading to improved access to finance and promoting formalization of informal businesses;
- Review of internal processes, workflows, information systems, and flows leading to efficient sharing and incorporation of data, required for client segmentation and treatment;
- Making the link between the host and partner organization’s clients with capacity and ecosystem-building activities undertaken under the current development cooperation project;
- Contribution to the development of partnerships between the host and partner organizations, as and if required;
- Documenting lessons learned in connection to the development and piloting of financial products, approaches, and/or internal processes that were developed and tested in the course of the project.
Eligibility
The ideal candidates for the ILO’s Social Finance Programme should meet the following criteria:
- Bachelor or master’s degree in economics, management, finance, banking and insurance or other relevant fields
- 5-10 years of professional experience in financial services industry and knowledge of banking and insurance products and processes
- experience in project management
- experience in business analysis
- be proactive and ready to document learning experiences during the fellowship;
- be interested in working in developing countries on development issues;
- have relevant expertise to contribute to activities related to financial inclusion, insurance, digital finance and/or public private partnerships;
- be seriously committed to providing inclusive financial and insurance services and practicing in the field on an ongoing basis after the assignment;
- be resourceful and capable of arranging practical necessities related to travel, life, and work in a new environment; and
- ready to work in a developing country for the duration of the fellowship.
Application Process
- A curriculum vitae.
- A letter of motivation.
To apply for The ILO’s Social Finance Programme 2024, click here
Deadline: June 11, 2024.
For more information on The ILO’s Social Finance Programme 2024, visit the official site.
