Maldives
(Consulting Services – Individual Selection)
Republic of Maldives
Maldives Public Financial Management Systems Strengthening Project (PSSP)
Grant No: IDA D2950
WB Ref No: MV-M0FT-240018-CS-INDV
AML/CFT National Risk Assessment (NRA) (International)
The Government of Maldives (GoM) has received financing from the World Bank toward the cost of the Maldives Public Financial Management Systems Strengthening Project (PSSP), and intends to apply part of the proceeds for consulting services.
The consulting services (“the Services”) include achieving Ministry of Finance (MoF) objectives relating to the cost for assisting the Maldives Monetary Authority (MMA) to carry out AML/CFT NRA in Maldives. This consultancy is expected to commence in October 2021. The assignment is anticipated to be completed within a period of 12 months.
The detailed Terms of Reference (TOR) for the assignment can be found at Ministry of Finance website (https://www.finance.gov.mv/ministry/careers/job-opportunities).
The Ministry of Finance now invites eligible individual consultants to indicate their interest in providing the Services. Interested Consultants should provide a CV including information that demonstrates that they have the required qualifications and relevant experience to perform the Services. The shortlisting criteria are:
I. Previous experience in AML/CFT National Risk Assessments
II. At least a Master’s degree in law, finance, public policy, economics, political science, criminal justice or other relevant fields of study;
III. At least 10 years’ experience working on AML/CFT matters to include demonstrable experience in both operational and policy AML/CFT matters; experience working as a supervisor, FIU, financial investigator, asset recovery/confiscation or prosecutor is a distinct advantage;
IV. At least 7 years’ experience working as a technical assistance adviser/provider to include demonstrable experience with working with senior members of government on AML/CFT and related capacity building matters; to include capacity as a knowledge sharing expert on a range of AML/CFT matters;
V. At least 5 years’ experience working with international organizations (including knowledge of the World Bank NRAT and methodology) or entities in the AML/CFT field like the FATF (Financial Action Task Force), FSRBs (FATF Style Regional Bodies), Egmont Group of Financial Intelligence Units, Basel Committee, etc.; familiarity with the ICRG process an advantage;
VI. At least 5 years of impeccable reputation and experience working as a consultant in other countries under similar assignments, including assessments, advisory work for development of policy, strategic, regulatory recommendations, supervisory regulations and implementation documents, knowledge transfer and capacity building of public agencies to implement FATF recommendations and implement other reforms aimed at strengthening AML/CFT framework;
VII. Experience in conducting needs assessments, scoping missions as well as the development of long/short term programs to build AML/CFT capacity;
- Demonstrated ability to work independently as well as within diverse and challenging environments;
IX. Demonstrated experience with reporting to senior levels of government on sensitive, confidential and complex AML/CFT related matters;
X. Demonstrated experience in managing complex programs that involve several stakeholders; capacity to work diplomatically yet effectively.
XI. Outstanding English language verbal communication and writing skills;
The attention of interested Consultants is drawn to Section III, paragraph, 3.17 of the World Bank’s “Procurement Regulations for IPF Borrowers” July 2016, Revised November 2017, setting forth the World Bank’s policy on conflict of interest. In addition, please refer to the following specific information on conflict of interest related to this assignment:
3.17 Consultants shall not be hired for any assignment that would be in conflict with their prior or current obligations to other clients, or that may place them in a position of being unable to carry out the assignment in the best interests of the Borrower. Without limitation on the generality of the foregoing, Consultants shall not be hired under the circumstances set forth below:
d. Consultants (including their experts and other personnel, and sub-consultants), that have a close business or family relationship with a professional staff of the Borrower, or of the project implementing agency, or of a recipient of a part of the Bank’s financing, or any other party representing or acting on behalf of the Borrower, that is directly or indirectly involved in any part of:
i. the preparation of the TOR for the assignment;
ii. the selection process for the contract; or
iii. the supervision of the contract, may not be awarded a contract, unless the conflict stemming from this relationship has been resolved in a manner acceptable to the Bank throughout the selection process and the execution of the contract.
The individual will be selected based on the qualification and experience, in accordance with the procedures set out in the 'The World Bank Procurement Regulations for IPF Borrowers- Procurement in Investment Project Financing- Goods, Works, Non-Consulting and Consulting Services, July 2016, Revised November 2017' as per the Financing Agreement of the project.
Further information can be obtained at the address below during office hours (0800 to 1400 hours)
Expressions of interest must be delivered in a written form to the address below (in person, or by mail, or by e-mail) by no later than 1300 hours Maldivian time on August 22, 2021.
Ministry of Finance
Public Financial Management Systems Strengthening Project
Attn: Ms. Hawwa Rishda Mohamed
Project Coordinator (Acting Project Director)
Ministry of Finance
Ameenee Magu, Male’
Republic of Maldives
Tel: (960)1617
E-mail: [email protected]