Principal Officer, Financial Institutions & Non Financial Entities, April 2024

The Economic Community of West African States (ECOWAS) is a regional group of fifteen West African countries. Founded on 28 May 1975, with the signing of the Treaty of Lagos, its mission is to promote economic integration across the region

Principal Officer, Financial Institutions & Non Financial Entities

Location: Dakar, Senegal
Institution: GIABA
Directorate: Evaluation And Compliance
Division: Financial Institutions & Non Financial Entities
Line Supervisor: Director of Evaluation And Compliance
Status: Permanent
Grade: P5

Role Overview

Under the direct supervision and guidance of the Director of Evaluation and Compliance, the Principal Officer, Financial Institutions and Non-Financial Entities Division shall oversee the implementation of AML/CFT preventive measures in the regional financial and non-financial sectors, coordinate the development and revision AML/CFT framework of member States in relation to the Financial and Non-Financial sectors; coordinate engagements with regulatory authorities and financial intelligence unit in GIABA member States on AML/CFT matters; coordinate mutual evaluations exercise independently or in collaboration with other staff of the Secretariat.

Roles And Responsabilities

Provide leadership and strategic guidance and coordination of the activities of the Division (Financial Institutions and Non-Financial Entities Units)
Participate fully in mutual evaluations of member States
Coordinate GIABA engagement with FIUs and regulatory authorities in member States as well as the Egmont Group of Financial Intelligence Units.
Coordinate the identification, design and implementation of capacity building activities in the division
Supervise the organization of capacity building activities on issues in the Financial Institutions and Non-Financial Entities for relevant stakeholders in member States
Coordinate the development and revision AML/CFT framework of Member States in the Financial Institutions and Non-Financial Entities;
Collaborate with other officers of the Secretariat on new developments with respect to AML/CFT compliance issues
Participate in other capacity building activities organized by other units or divisions of the Secretariat
Coordinate the division’s inputs into revision of FATF Standards; Methodology; Guidance and Best Practice papers; Universal ME Procedures; and GIABA ME Processes and Procedure and other instruments for the purpose of improving the AML/CFT compliance by member States
Participate in FATF Working Group and plenary meetings as part of GIABA delegation where necessary
Support the Director of Evaluation and Compliance in the organization of GIABA Statutory meetings (TC/Plenary; GMC and any other fora)
Coordinate the inputs from the division into Annual reports, Strategic Plans, Annual Work Plan or any other relevant publications of GIABA and/or members of the AML/CFT Global Network
Participate in the mutual evaluations and training activities of other assessment bodies, either as an expert or delegate.
Liaise and coordinate with National Correspondents in determining areas of collaboration that would facilitate implementation of effective AML/CFT measures in the member States
Support the Director of Compliance and Evaluation in engaging with Member States on issues relating to the effective implementation of AML/CFT measures
Undertake annual performance evaluation of staff of the division
Perform any other functions as maybe assigned by the Director of Compliance and Evaluation.

Academic Qualifications And Experience

Master’s degree in Economics; Banking; Finance or relevant related field from a recognised University
10 years of cognite work experience in financial sector development in the relevant national and international organisations (FIU; FSRB; Egmont Group; IFIs; etc), Financial Institutions and Non-Financial Entities with in-depth knowledge in the implementation of AML/CFT preventive measures including at least 3 years of international work experience in AML/CFT and 5 years at a supervisory level
Practical experience in financial sector development especially in West Africa, and particularly good understanding of financial products and services; Anti Money Laundering/Counter Financing of Terrorism (AML/CFT) preventive measures; etc.
Proven knowledge in Anti Money Laundering/Counter Financing of Terrorism (AML/CFT) issues (FATF Standards; FATF Methodology; etc.) and compliance related issues
Experience in conducting AML/CFT mutual evaluations is desirable
Good knowledge of the operations of financial intelligence units and Egmont Group activities
Substantive knowledge of ECOWAS AML/CFT legal framework of Member States at national, supra-national and regional level;;

Age Limit:

Be below 50 years old. This provision does not apply to internal candidates.

ECOWAS Key Competencies:

Ability to lead in assigned programmes and projects by providing the necessary managerial and operational expertise required for the fulfillment of the organization’s mandate;
Ability to lead by example and organize teamwork to encourage cooperation to achieve targeted results, champion and build momentum for change and to bring about employee engagement; develops and implements internal controls for pilot program to manage potential barriers to implementation;
Ability to respect chain of command in an appropriate manner;
Excellent self-management skills, demonstrating ethics and integrity, confidentiality and displaying due regards for internal controls of rules, delegations and transparency;
Knowledge of program management at the level usually acquired from a certification in program management.
Ability to research benchmarks and trends to bring about the best recommendations for the development and improvement of programs/projects that will best serve the community/organization;
Well-developed networking and interpersonal skills to seek feedback, information and data from a network of professionals from multiple countries/sectors/organizations and to identify and prioritize the most critical community requirements;
Ability to develop and implement best practices in client services;
Ability to develop and implement stakeholder management plans, programs and initiatives to obtain buy-in on new initiatives, to better understand dissenting views, to obtain resources and to increase perceptions of success.
Ability to be diplomatic, tactful and respect of other people from varied backgrounds, understanding diverse cultural views especially within West Africa with the ability to convert diversity into opportunities to improve program/operational outcomes;
Ability to remain objective in managing conflict regardless of cultural differences /positions, gender differences, and encourage other staff to overcome cultural and gender bias and differences;
Ability and responsibility for incorporating gender perspectives and ensuring the equal participation of women and men in all areas of work;
Ability to serve the interest of culturally diverse multinational teams/organizations/communities and persons with disability without prejudice and bias.
Understanding of the ECOWAS organizational structure, associated dynamics and expectations as required to collaborate, participate, contribute and lead effectively;
Knowledge of the ECOWAS mandate, strategic plan/priorities as well as the economic, political and social situation and trends in member states, as pertains to own scope of work;
Knowledge of international best practices, program management approaches and research techniques to lead and/or contribute to the development or assessment of programs, projects or initiatives;
Ability to use ECOWAS rules and procedures to appropriately interpret and apply directive text, provide technical advice, coach others and assess performance.
Ability to pull together information from different sources to identify the cause of problems, consequences of alternative causes of action, potential obstacles and ways to avoid the problem in the future;
Ability to break down very complex situations/information into simple terms to explain recommendations and conclusions aimed at solving problems or improving operations/programs/projects;
Ability to develop new insights into situations, apply innovative solutions to problems and to design new methods of addressing issues or disconnects where established methods and procedures are inapplicable or no longer effective.
Ability to communicate with impact, clearly and concisely in a succinct and organized manner conveying credibility & confidence when making presentations, setting expectations and explaining complex issues;
Accomplished technical writing and editing skills;
Exhibit active listening skills to encourage stronger communication amongst team members, to show care and make them feel valued and to drive employee engagement in all institutions and agencies;
Ability to give constructive feedback, provide recognition, address shortcomings and motivate direct reports to work at peak performance;
Computer literate and proficiency in information communication technologies(ICT), including the use of analytical databases;
Fluency in oral and written expressions in one of the ECOWAS official languages of the Community (English, French & Portuguese). Knowledge of an additional one will be an added advantage.
Ability to set effective goals and targets for self, others, and the work unit and adjusting work or project priorities in response to changing circumstances;
Ability to use participatory approach in project planning and identify gaps affecting the achievement of program/project expectations and to design and implement intervention plans required to build the desired task;
Ability to implement rigorous monitoring and evaluation practices and to set in place regular reporting schedules relevant to key outputs;
Ability to plan, organize, control resources, and to comply with policies, procedures and protocols to achieve specific goals.

Annual Salary
UA 57,772.51 – USD 91,153.46

Method of Application

Principal Officer, Financial Institutions & Non Financial Entities – [email protected]

Interested and qualified candidates should download the Application Form below, fill it out correctly; attach a Curriculum Vitae (CV) and a Motivation Letter and send to the email address
Click here to download Application Form (Ms Word)

Click here for more Information

More Information

Job City Dakar

Dakar

Economic Community of West African States (ECOWAS)

Before the creation of ECOWAS, the collective territory known as West Africa, from a regional point of view, was made up of an aggregation of states that had emerged from different colonial experiences and administrations which largely defined the boundaries of the 15 states domiciled in the area.

Even though member states of the community, today make use of three different imported official languages (English, French and Portuguese), there are well over a thousand existing local languages including cross-border native tongues such as Ewe, Fulfulde, Hausa, Mandingo, Wolof, Yoruba, Ibo, Ga, etc. that constitute its over 300 million people tucked in a vast land of about 5.1 million square kilometres.

Prior to colonialism, the area played host to many proud empires and kingdoms that spanned centuries some of which included Ghana, Mali Songhai, Wolof, Oyo, Benin and Kanem Bornu.

The region’s cultural, linguistic and ecological diversity presents both opportunities and challenges for the integration process. The longing to combine forces politically and economically has always been recognised as a step forward in the desire to engender co-prosperity in the area.

In this regard, the first effort at integration dates back to 1945 with the creation of CFA franc that brought the francophone countries of the region into a single currency union. Then in 1964, Liberian president William Tubman proposed an economic union for West Africa leading to an agreement which was signed in 1965 by the four states of Cote d’Ivore, Guinea, Liberia and Sierra Leone.

However, nothing concrete emanated from these until 1972 when Nigerian head of state Gen Yakubu Gowon and his Togolese counterpart Gnassingbe Eyadema toured the region in support of the integration Idea. Thanks to the drafts that emanated from their efforts as they formed the basis for the emergence of the treaty of Lagos in 1975 which birthed ECOWAS. The treaty of Lagos was initially limited to economic policies but emerging political events led to its revision and therewith the expansion of scope and powers in 1993.

ECOWAS is meant to foster interstate economic and political cooperation. History is on its side in this regard. Dating back to pre-colonial times, West Africans have been among the world’s most mobile populations although much of the migration had been intra-regional. About 7.5 million West African migrants (3 percent of the regional population) are living in ECOWAS countries other than their own. The 1.2 million other migrants are dispersed mainly in North America and Europe. Estimated at about 149 million in 2013, women constitute over 50 percent of the region’s population. The cross-border migration of women as traders and business persons places them as potential champions for promoting integration, even though this is a reality that is yet to be fully exploited.

Over the last few years, West Africa’s population witnessed strong growth, increasing from 70 million to nearly 300 million inhabitants between 1950 and 2010. By the end of 2014, it represents nearly 40% of the population of sub-Saharan Africa. According to the projections of the United Nations, the population of West Africa should reach between 550 and 600 million by 2050. It is the youngest region of the world. Also, with about 5 percent of the world’s population, with an area covering over 40 percent of sub-Saharan Africa, West Africa is the most densely populated on the continent.

The diverse socio-cultural dimension of development should be a necessary building block for establishing peace and security in the region. Drawing strength from its past, leaders of the community have been making sacrifices to keep the shape of the political structure of the region. In 1976, Cape Verde, one of the two Lusophone countries in the region joined ECOWAS, and in December 2000 Mauritania withdrew its membership, having a

At all times, ECOWAS chief executive officers presiding either as Executive Secretaries or Presidents, deferred to the supreme organ of the community-the Authority of the Heads of State of Government for guidance. This body is usually headed by a Chairman. There have been 28 such Chairmen between 1978 to 2015.

0 USD Dakar CF 3201 Abc road Contract , 40 hours per week Economic Community of West African States (ECOWAS)

Principal Officer, Financial Institutions & Non Financial Entities

Location: Dakar, Senegal Institution: GIABA Directorate: Evaluation And Compliance Division: Financial Institutions & Non Financial Entities Line Supervisor: Director of Evaluation And Compliance Status: Permanent Grade: P5Role Overview

Under the direct supervision and guidance of the Director of Evaluation and Compliance, the Principal Officer, Financial Institutions and Non-Financial Entities Division shall oversee the implementation of AML/CFT preventive measures in the regional financial and non-financial sectors, coordinate the development and revision AML/CFT framework of member States in relation to the Financial and Non-Financial sectors; coordinate engagements with regulatory authorities and financial intelligence unit in GIABA member States on AML/CFT matters; coordinate mutual evaluations exercise independently or in collaboration with other staff of the Secretariat.

Roles And Responsabilities

Provide leadership and strategic guidance and coordination of the activities of the Division (Financial Institutions and Non-Financial Entities Units)
Participate fully in mutual evaluations of member States
Coordinate GIABA engagement with FIUs and regulatory authorities in member States as well as the Egmont Group of Financial Intelligence Units.
Coordinate the identification, design and implementation of capacity building activities in the division
Supervise the organization of capacity building activities on issues in the Financial Institutions and Non-Financial Entities for relevant stakeholders in member States
Coordinate the development and revision AML/CFT framework of Member States in the Financial Institutions and Non-Financial Entities;
Collaborate with other officers of the Secretariat on new developments with respect to AML/CFT compliance issues
Participate in other capacity building activities organized by other units or divisions of the Secretariat
Coordinate the division’s inputs into revision of FATF Standards; Methodology; Guidance and Best Practice papers; Universal ME Procedures; and GIABA ME Processes and Procedure and other instruments for the purpose of improving the AML/CFT compliance by member States
Participate in FATF Working Group and plenary meetings as part of GIABA delegation where necessary
Support the Director of Evaluation and Compliance in the organization of GIABA Statutory meetings (TC/Plenary; GMC and any other fora)
Coordinate the inputs from the division into Annual reports, Strategic Plans, Annual Work Plan or any other relevant publications of GIABA and/or members of the AML/CFT Global Network
Participate in the mutual evaluations and training activities of other assessment bodies, either as an expert or delegate.
Liaise and coordinate with National Correspondents in determining areas of collaboration that would facilitate implementation of effective AML/CFT measures in the member States
Support the Director of Compliance and Evaluation in engaging with Member States on issues relating to the effective implementation of AML/CFT measures
Undertake annual performance evaluation of staff of the division
Perform any other functions as maybe assigned by the Director of Compliance and Evaluation.

Academic Qualifications And Experience

Master’s degree in Economics; Banking; Finance or relevant related field from a recognised University
10 years of cognite work experience in financial sector development in the relevant national and international organisations (FIU; FSRB; Egmont Group; IFIs; etc), Financial Institutions and Non-Financial Entities with in-depth knowledge in the implementation of AML/CFT preventive measures including at least 3 years of international work experience in AML/CFT and 5 years at a supervisory level
Practical experience in financial sector development especially in West Africa, and particularly good understanding of financial products and services; Anti Money Laundering/Counter Financing of Terrorism (AML/CFT) preventive measures; etc.
Proven knowledge in Anti Money Laundering/Counter Financing of Terrorism (AML/CFT) issues (FATF Standards; FATF Methodology; etc.) and compliance related issues
Experience in conducting AML/CFT mutual evaluations is desirable
Good knowledge of the operations of financial intelligence units and Egmont Group activities
Substantive knowledge of ECOWAS AML/CFT legal framework of Member States at national, supra-national and regional level;;

Age Limit:

Be below 50 years old. This provision does not apply to internal candidates.

ECOWAS Key Competencies:

Ability to lead in assigned programmes and projects by providing the necessary managerial and operational expertise required for the fulfillment of the organization’s mandate;
Ability to lead by example and organize teamwork to encourage cooperation to achieve targeted results, champion and build momentum for change and to bring about employee engagement; develops and implements internal controls for pilot program to manage potential barriers to implementation;
Ability to respect chain of command in an appropriate manner;
Excellent self-management skills, demonstrating ethics and integrity, confidentiality and displaying due regards for internal controls of rules, delegations and transparency;
Knowledge of program management at the level usually acquired from a certification in program management.
Ability to research benchmarks and trends to bring about the best recommendations for the development and improvement of programs/projects that will best serve the community/organization;
Well-developed networking and interpersonal skills to seek feedback, information and data from a network of professionals from multiple countries/sectors/organizations and to identify and prioritize the most critical community requirements;
Ability to develop and implement best practices in client services;
Ability to develop and implement stakeholder management plans, programs and initiatives to obtain buy-in on new initiatives, to better understand dissenting views, to obtain resources and to increase perceptions of success.
Ability to be diplomatic, tactful and respect of other people from varied backgrounds, understanding diverse cultural views especially within West Africa with the ability to convert diversity into opportunities to improve program/operational outcomes;
Ability to remain objective in managing conflict regardless of cultural differences /positions, gender differences, and encourage other staff to overcome cultural and gender bias and differences;
Ability and responsibility for incorporating gender perspectives and ensuring the equal participation of women and men in all areas of work;
Ability to serve the interest of culturally diverse multinational teams/organizations/communities and persons with disability without prejudice and bias.
Understanding of the ECOWAS organizational structure, associated dynamics and expectations as required to collaborate, participate, contribute and lead effectively;
Knowledge of the ECOWAS mandate, strategic plan/priorities as well as the economic, political and social situation and trends in member states, as pertains to own scope of work;
Knowledge of international best practices, program management approaches and research techniques to lead and/or contribute to the development or assessment of programs, projects or initiatives;
Ability to use ECOWAS rules and procedures to appropriately interpret and apply directive text, provide technical advice, coach others and assess performance.
Ability to pull together information from different sources to identify the cause of problems, consequences of alternative causes of action, potential obstacles and ways to avoid the problem in the future;
Ability to break down very complex situations/information into simple terms to explain recommendations and conclusions aimed at solving problems or improving operations/programs/projects;
Ability to develop new insights into situations, apply innovative solutions to problems and to design new methods of addressing issues or disconnects where established methods and procedures are inapplicable or no longer effective.
Ability to communicate with impact, clearly and concisely in a succinct and organized manner conveying credibility & confidence when making presentations, setting expectations and explaining complex issues;
Accomplished technical writing and editing skills;
Exhibit active listening skills to encourage stronger communication amongst team members, to show care and make them feel valued and to drive employee engagement in all institutions and agencies;
Ability to give constructive feedback, provide recognition, address shortcomings and motivate direct reports to work at peak performance;
Computer literate and proficiency in information communication technologies(ICT), including the use of analytical databases;
Fluency in oral and written expressions in one of the ECOWAS official languages of the Community (English, French & Portuguese). Knowledge of an additional one will be an added advantage.
Ability to set effective goals and targets for self, others, and the work unit and adjusting work or project priorities in response to changing circumstances;
Ability to use participatory approach in project planning and identify gaps affecting the achievement of program/project expectations and to design and implement intervention plans required to build the desired task;
Ability to implement rigorous monitoring and evaluation practices and to set in place regular reporting schedules relevant to key outputs;
Ability to plan, organize, control resources, and to comply with policies, procedures and protocols to achieve specific goals.

Annual Salary UA 57,772.51 - USD 91,153.46

Method of Application

Principal Officer, Financial Institutions & Non Financial Entities - [email protected]

Interested and qualified candidates should download the Application Form below, fill it out correctly; attach a Curriculum Vitae (CV) and a Motivation Letter and send to the email address Click here to download Application Form (Ms Word)Click here for more Information

2019-11-20

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