Financial Institutions Officer at the Economic Community of West African States (ECOWAS)

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.

We are recruiting to fill the position below:

Job Title: Financial Institutions Officer

Job Code: 20003323
Location: Dakar, Senegal
Institution: GIABA
Grade: P1/P2/P3
Duration: Permanent
Department: Financial Institution and Non Financial Institutions
Directorate: Directorate Directorate Evaluation And Compliance
Line Supervisor: Senior Financial Institutions Officer

Role Overview

• Under the supervision of the Senior Financial Institutions Officer, the Financial Institutions Officer shall be responsible for the following functions:

Role and Responsibilities

• Participate fully in GIABA mutual evaluation exercises and provide support, especially for experts evaluating the preventive and supervisory regime.  
• Support the organisation of assessors’ training; pre-assessment training; training on FATF Standards and Methodology organised for Member States and other related activities.
• Analyse follow-up reports submitted by member States and support other related activities such as the ICRG process.  
• Support the identification, design and implementation of capacity building activities in the financial sector.
• Participate in drafting mutual evaluation reports.
• Review GIABA member States mutual evaluation reports to ensure quality and consistency.
• Prepare relevant documents for the GIABA plenary meetings and its working groups.
• Develop and present papers on AML/CFT, especially relevant to mutual Evaluation.  
• Review Follow-Up Reports of member States in line with the GIABA P&P.
• Review mutual evaluation reports of other assessment bodies and highlighting implications of the reports for GIABA member States from time to time.
• Review FATF documents and advise on their implications for improving mutual Evaluation and conforming with the High-Level Principles of the Global Network.
• Perform any task that may be assigned from time to time, especially in relation to improving the conduct of mutual evaluations in GIABA member States.  
• Support AML/CFT related capacity building activities and provision of technical support to financial institutions, financial sector supervisors/regulators and other relevant stakeholders in member States.
• Support the development and/or revision of the AML/CFT framework of member States in relation to financial institutions at national, supra-national and regional levels.
• Provide 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.
• Support the organisation of GIABA Statutory meetings (ECG meetings, TC/Plenary, GMC and any other fora) and provide inputs in the production of draft reports for GIABA Statutory meetings (TC/Plenary; GMC and any other fora).
• Provide inputs into GIABA Annual reports, Strategic Plans; Annual Work Plan or any other relevant publications of GIABA and/or Members of the AML/CFT Global Network. 
• Support in the liaison with GIABA National Correspondents on FIU issues (Forum, Membership of EGMONT Group; etc.) Support GIABA’s engagements with FIUs (regional Forum, Membership of
• EGMONT Group, etc.), financial sector regulators/supervisors, and private sector operators on AML/CFT related issues.
• Participate in capacity building activities organised by other units or divisions of the Directorate.
• Participate in the technical assistance needs assessments of Member States in the area of AML/CFT compliance.  
• Perform any other functions as maybe assigned by the line supervisor or a higher authority.

 Academic Qualifications and Experience

• Bachelor’s Degree in Economics, Banking & Finance, Administration, and other field (s) of social sciences from a recognized university.  
• 5 years of progressively responsible experience in financial sector development in relevant national and international organisations (FIU; supervisory/regulatory authority, FSRB; Egmont Group; IFIs; etc), financial institutions.  
• Practical experience in financial sector development especially in West Africa, and particularly good understanding of financial products and services and regulatory environment.
• Proven knowledge in Anti Money Laundering/Counter Financing of Terrorism (AML/CFT) issues (FATF Standards; FATF Methodology; etc.) and in-depth knowledge of compliance related issues (implementation of Anti Money Laundering/Counter Financing of Terrorism (AML/CFT) preventive measures) in financial institutions.
• Experience in conducting AML/CFT mutual evaluations is desirable.
• Professional qualifications such as ACAMs is desirable.
• Good knowledge of the operations of financial intelligence units and Egmont Group activities
• Good knowledge and understanding of relevant international instruments, and AML/CFT framework at national, supra-national and regional level levels.
• Good working experience in GIABA member States will also be an added advantage.
• Age: The minimum age for recruitment is 24 and the maximum age is 50.  Age limit is not applicable to internal candidates
• Language: Candidates must speak one of the official languages of ECOWAS: English, French or Portuguese. Knowledge of a second official ECOWAS language is an advantage.

Salary
P1: UA 32,123.20 (50,683.98)/ P2:UA 37,674.89 ($ 59,443.44)/ P3 :UA 43,414.62 ($68,499.59).

Application Closing Date
29th January, 2025.

Method of Application
Interested and qualified candidates should send their correctly filled Job Application Form, CV and Motivation Letter to: g3323fio@giaba.org using the Job Title as the subject of the mail.
OR
Click here to apply online

Click here to download the application form (Docx.)

Note

• Assessment of qualified candidates may include a written exercise and a competency-based interview.
• This position is subject to local requirement pursuant to staff rule article 9.3 of the ECOWAS Staff Regulations (revised 2022). All staff in the General Service and related categories shall be recruited in the country or within commuting distance of the GIABA Secretariat, irrespective of their nationality and of the length of time they may have been in the country. A staff member subject to local requirement shall not be eligible for the allowance or benefits exclusively applicable to international recruitment.
• Only shortlisted applicants will be contacted for the interviews.