[Hiring] Terms of Reference: Review of the AADFI Prudential Standards, Guidelines, and Rating System (PSGRS) @SNV

Role Description

The project’s objective is to update the Prudential Standards, Guidelines, and Rating System (PSGRS) for African DFIs (financial, technical and multilateral) to align with both local and international standards. The updated PSGRS will enable African DFIs to better assess their weaknesses in governance, financial condition, performance, operational guidelines, technological capabilities, climate change risks, and development impact, thereby helping to design solutions to the identified weaknesses.

Expected results are that African DFIs implement governance, financial and operational measures, initiating investment climate improving actions. DFI supervisory authorities will also be briefed on the revised standards and encouraged to implement any relevant changes to their regulation and oversight of DFIs within their countries.

Qualifications

• At least 10 years of professional experience working with Development Finance Institutions (DFIs) or other financial sector institutions such as multilateral development banks (MDBs) in Africa.
• Demonstrated expertise in prudential regulation, international financial standards, financial sector governance, institutional performance assessment, benchmarking tools, or risk management frameworks.
• Proven experience in developing, revising, or applying prudential frameworks, performance standards, benchmarking systems, diagnostics, or assessment tools for financial institutions.
• Strong understanding of global financial governance frameworks, including but not limited to ESG norms, climate-related financial disclosures, blended finance mechanisms, and digital transformation trends in the financial sector.
• Thorough knowledge of DFI mandates, operational models, and the diverse typologies of DFIs (financial, technical/nonfinancial, and multilateral DFIs), especially in the African context.
• Experience implementing projects in various African countries.
• Demonstrated capacity to facilitate multistakeholder consultations and workshops with DFIs, central banks, supervisory authorities, and government partners.
• Excellent analytical and writing skills, with the ability to translate complex standards into clear, operational guidance and tools.
• Fluency in English or French is required, with working proficiency in either language, given the bilingual nature of AADFI membership.

Requirements

• Setting up a Task Force (composed of 16-20 experts from selected AADFI member DFIs and central banks) that will provide input on areas requiring review and suggest recommendations to be included in the PSGRS.
• Serve as the Secretariat for the Task Force: administer questionnaires, collect updated data and feedback from member DFIs to validate proposed changes.
• Conduct stakeholder consultations: engage central banks, regulatory authorities, and standard-setting bodies to ensure alignment and buy-in.
• Support the validation of the PSGRS framework through workshops and forums: Present the revised framework to DFIs and experts for practical testing and final adjustments.
• Facilitate the approval of the revised PSGRS: secure formal endorsement from AADFI governance bodies.
• Coordinate on dissemination and capacity building: organize training sessions, publish resources, and establish support channels for DFIs.

Benefits

• Opportunity to work with a diverse team of experts from various DFIs and central banks.
• Engagement in meaningful work that contributes to the improvement of governance and operational standards in African DFIs.
• Access to resources and training materials for professional development.

Company Description

The GG ICR Facility contributes to the development of a conducive, inclusive and sustainable investment climate for the implementation of the European Union’s Global Gateway Strategy in INTPA partner countries. Through targeted advisory services, it enables partner countries to attract investments, while enabling local and European businesses to grow and invest with confidence.

The Global Gateway Investment Climate Reform (GG ICR) Facility is jointly co-financed by the European Union (EU), the Federal Ministry of Economic Development and Cooperation (BMZ) and the Ministère de l’Europe et des Affaires Étrangères (MEAE) and implemented by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), Expertise France (EF) and SNV (Netherlands Development Organisation).