Consultant Finance - Financial Services Specialist, CFOFC
Consultant Finance - Financial Services Specialist, CFOFC
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Job Description
DEADLINE FOR APPLICATIONS
19 June 2025-23:59-GMT01:00 Central European Time (Rome)WFP celebrates and embraces diversity. It is committed to the principle of equal employment opportunity for all its employees and encourages qualified candidates to apply irrespective of race colour national origin ethnic or social background genetic information gender gender identity and/or expression sexual orientation religion or belief HIV status or disability.
ABOUT WFP
The World Food Programme is the worlds largest humanitarian organization saving lives in emergencies and using food assistance to build a pathway to peace stability and prosperity for people recovering from conflict disasters and the impact of climate change.
At WFP people are at the heart of everything we do and the vision of the future WFP workforce is one of diverse committed skilled and high performing teams selected on merit operating in a healthy and inclusive work environment living WFPs values (Integrity Collaboration Commitment Humanity and Inclusion) and working with partners to save and change the lives of those WFP serves.
To learn more about WFP visit our website: follow us on social media to keep up with our latest news: YouTube LinkedIn Instagram Facebook Twitter TikTok.
WHY JOIN WFP
WFP is a 2020 Nobel Peace Prize Laureate.
WFP offers a highly inclusive diverse and multicultural working environment.
WFP invests in the personal & professional development of its employees through a range of training accreditation coaching mentorship and other programs as well as through internal mobility opportunities.
A career path in WFP provides an exciting opportunity to work across the various country regional and global offices around the world and with passionate colleagues who work tirelessly to ensure that effective humanitarian assistance reaches millions of people across the globe.
We offer an attractive compensation package (please refer to the Terms and Conditions section of this vacancy announcement).
JOB TITLE:Financial Services Specialist
TYPE OF CONTRACT: Regular Consultant II
UNIT/DIVISION: Business Development Cash-Based Transfers (CBT) (CFOFC)
DUTY STATION (City Country): Rome Italy
DURATION: Until 31/12/2025
BACKGROUND AND PURPOSE OF THE ASSIGNMENT:
The United Nations World Food Programme (WFP) is the worlds largest humanitarian organization saving lives in emergencies and using food and cash assistance to change lives and empower people to meet their essential needs. WFP does this both through direct programming as well as by supporting governments on their national pathways toward the Sustainable Development Goals (SDGs) in partnership with multiple stakeholders. WFP is the largest cash actor in the humanitarian community: WFP transferred US$2.2 billion to 47 million people across 75 countries in 2024. When WFP sends people money we give them the flexibility to choose what they need and when they need it. In support of WFPs global scale-up of CBT the Finance function through the CFOFC is developing corporate guidance and tools providing day-to-day technical advice and assistance to regional and country offices while also undertaking a range of staff capacity-building activities and initiatives.
The Consultant will act as WFP global focal point for Financial Service Provider (FSP) Due Diligence (DD) to strengthen regional and country offices capacity to carry out the functional assessments selecting and negotiating with and contracting the most reliable secure and technologically advanced Financial Service Providers (FSPs) and cash delivery mechanisms. The Consultant will also analyze current business processes and make recommendations on business process improvements. This will include leading the team supporting COs with FSP DD and other CBT Finance and risk mitigation related activities and upgrading the recently launched DD Tool and business process. In addition the Consultant will be in charge of enhancing and rolling out the CBT FSP risk monitoring dashboard and reports to strengthen risk management of on-going CBT operations. When needed the consultant will also actively contribute to crafting WFPs approach to engage with the Fintech sector leading on the due diligence and financial risk management aspects.
ACCOUNTABILITIES/RESPONSIBILITIES:
The Consultant will manage the following tasks:
Manage the FSP Due Diligence Team:
Manage the continuous upgrading of the FSP Due Diligence Tool and business process aiming to assess the strengths weaknesses and risks of the FSPs and their proposed payment solutions and recommend risk mitigation measures to inform Country Office (CO) decision-making.
Review and clear FSP Due Diligence reports (including MiFA results) ensuring high-quality of deliverable shared with CO; and ensure all FSP contracts have been adequately
Coordinate and oversee the provision of coaching and technical support to all Regional Offices (ROs) and COs in CBT financial risk management especially during the FSP selection and contracting process i.e. during the Financial Sector Intelligence (DD gate) and FSP DD assessments. Be the focal point for the Western and Central Africa Regional Office (WACARO) and step in to support the assessments of other regions where required.
Coordinate with other CFOFC teams and other functions to maximize the FSP selection and contracting process efficiency ensure COs can contract the best FSP(s) to support their CBT operations while adequately mitigating risks.
Ensure technical support and expertise is provided to COs and ROs with regard to the FSP Performance Evaluation Tool (PET) and Micro Financial Assessment (MiFA) Tool and upgrade the Tools as necessary based on experience and feedback from the field. Ensure optimal alignment of MiFA with the Due Diligence tool.
Based on needs coordinate the organization of capacity building initiatives for CO and RO Finance function: development and delivery of e-learning materials and training modules/webinars about a range of technical topics such as financial analysis of FSPs financial sector regulatory framework FSP DD best practices and lessons learned
Manage the cost-recovery service model for the FSP Due Diligence assessment and related financial risk mitigation review and be responsible for the service performance.
Coordinate the development of relevant tools guidance and methodologies that would set a corporate standard for managing CBT financial risks relationship with FSPs and other CBT partners their risks and performance:
Maintain and enhance the CBT FSP risk monitoring digital dashboard which provides relevant data and infographics on CBT operations with FSPs to empower CFOFC DD. Team to proactively advise ROs and COs with regard to financial risk management of ongoing CBT operations and inform WFP risk management strategies. . Roll out the CBT FSP risk monitoring reports to all RBs and HQ and enhance them based on feedback. These reports shall present and analyze data from the dashboard to inform RBs and relevant colleagues on risks related to CBT operations with FSPs and provide risk mitigation recommendations. Proactively collaborate with ROs to define the best way to implement these recommendations.
Actively support the development of Fintech engagement strategy to enhance WFPs capacity to leverage innovative CBT mechanisms and financial services relevant to Choice Financial Inclusion and Women Economic Empowerment; while implementing pertinent risk mitigation strategies. Lead on the development of tools to assess Fintech risks and recommend risk mitigation approach.
When needed provide technical expertise and support in the development of toolsguidance and framework for financial strength assessment and risk mitigation for NGO acting as Cash-Based Transfer Agents Retailers of Commodity Voucher and other CBT partners delivering cash assistance for WFP
Explore strategic partnerships with other WFP units which could benefit from CFOFC DD Team/s expertise tools and reports.
Act as Finance focal point in various HQ technical cross-functional working groups ensuring vision and decisions alignment with CFO divisions strategy and best practices.
Perform other duties as required.
TRAVEL REQUIREMENTS: YES
DELIVERABLES AT THE END OF THE CONTRACT:
FSP Due Diligence Tool is upgraded based on DD team experience and feedback from colleagues.
All DD reports are cleared and shared with relevant Country Offices. Timely submission of DD reports for COs under the Consultants responsibilities.
The CBT FSP risk monitoring report is rolled out to all ROs and HQ to inform on risk exposure and advise on risk management strategies.
Education:
Masters degree in Economics or Finance Business Administration or related fields.
Experience:
Minimum 6 years of experience in relevant technical fields related to FSP due diligence and financial risk management preferably in the nexus of Finance and Humanitarian Cash assistance. Previous work experience in WFP or other UN agency is required. Experience in working for diverse socio-economic contexts.
Knowledge & Skills:
Technical expertise and experience required in leading due diligence of a wide range of Financial Service Providers in various operational contexts and to provide recommendations to inform decision-making and ensure adequate risk mitigation.
Strong financial analysis skills.
Demonstrated in-depth understanding of WFP CBT operations CBT financial and operational risks and risk management techniques.
Previous experience in relation with the financial sectors in WFP countries of operation.
Technical capacity and experience in building tools and designing guidance to enhance CBT risk management.
Experience in project management is desirable.
Languages: Fluency in English language. Intermediate knowledge of French language.
WFP LEADERSHIP FRAMEWORK
WFP Leadership Framework guides to the common standards of behavior that guide HOW we work together to accomplish our mission.
Click here to access WFP Leadership Framework
REASONABLE ACCOMMODATION
WFP is committed to supporting individuals with disabilities by providing reasonable accommodations throughout the recruitment process. If you require a reasonable accommodation please contact:
NO FEE DISCLAIMER
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.
REMINDERS BEFORE YOU SUBMIT YOUR APPLICATION
We strongly recommend that your profile is accurate complete and includes your employment records academic qualifications language skills and UN Grade (if applicable).
Once your profile is completed please apply and submit your application.
Please make sure you upload your professional CV in the English language
Kindly note the only documents you will need to submit at this time are your CV and Cover Letter
Additional documents such as passport recommendation letters academic certificates etc. may potentially be requested at a future time
Please contact us at in case you face any challenges with submitting your application
Only shortlisted candidates will be notified
All employment decisions are made on the basis of organizational needs job requirements merit and individual qualifications. WFP is committed to providing an inclusive work environment free of sexual exploitation and abuse all forms of discrimination any kind of harassment sexual harassment and abuse of authority. Therefore all selected candidates will undergo rigorous reference and background checks.
No appointment under any kind of contract will be offered to members of the UN Advisory Committee on Administrative and Budgetary Questions (ACABQ) International Civil Service Commission (ICSC) FAO Finance Committee WFP External Auditor WFP Audit Committee Joint Inspection Unit (JIU) and other similar bodies within the United Nations system with oversight responsibilities over WFP both during their service and within three years of ceasing that service.
Required Experience:
Chief
Employment Type
Full-Time
