Вакансія: Factoring International Business Expert (STTA)

The Investment for Business Resilience Activity (formerly known as the Financial Sector Reform Activity) in Ukraine is a five-year program funded by the United States Agency for International Development (USAID) and managed by DAI Global LLC (DAI). The purpose of the activity is to transform the country’s financial sector into a sophisticated, well-functioning, competitive market that is aligned with European Union (EU) standards and integrated into international financial systems. This transformation will mobilize private finance for sustained economic growth in Ukraine.

The IBR is looking for candidates to fill in the Factoring International Business Expert  position, STTA, in Kyiv. 

PURPOSE OF THE ROLE: 

In order to promote the development of trade factoring in Ukraine, the National Bank of Ukraine (NBU) in 2023 developed a concept for reforming the regulation of trade factoring in Ukraine (Concept Paper). The Concept Paper envisages, in particular, the separation of the concepts of contract assignment and factoring, restrictions on the combination of trade factoring activities and non-performing loans management, as well as the improvement of the protection of factors in accordance with the standards stipulated by the 1988 UNIDROIT Convention on International Factoring and the UNIDROIT Model Law on Factoring.

 Currently, the NBU is developing a draft of the corresponding law, which should implement the changes provided for by the Concept Paper (Draft Law). To ensure effective reform of the factoring market, there is a need to carry out expert analysis of the Draft Law, in particular on the subject of its alignment with the best international business and commercial practices in the factoring market. Such best international business and commercial practices shall be comprised of the practices in jurisdictions where the trade factoring market is successfully developing.

OBJECTIVES AND DUTIES:

- Analyze the Draft Law against best international commercial practices . Prepare a detailed structure of the Expert Opinion based on such analysis jointly with the engaged Factoring International Legal Expert and submit it to the Component 1 Team and other possible stakeholders (including NBU as may be applicable) for review.

- Address questions/suggestions of the Component 1 Team and other stakeholders (including the NBU as may be relevant) and develop the finalized structure of the Expert Opinion jointly with the engaged Factoring International Legal Expert.

- Prepare the draft text of the Expert Opinion in co-authorship with the engaged Factoring International Legal Expert, who will be in charge of the legal analysis of the Draft Law and the respective recommendations from the legal perspective; provide detailed description of the identified gaps and the proposed changes to the Draft Law from the perspective of the best international business and commercial practices in the factoring market; submit the draft Expert Opinion to the NBU and other possible stakeholders for review jointly with the engaged Factoring International Legal Expert.

- Discuss the Expert Opinion with the NBU and other possible stakeholders jointly with the engaged Factoring International Legal Expert; address their questions/suggestions and prepare the final version of the Expert Opinion in co-authorship with the engaged Factoring International Legal Expert.

  This assignment will require 3 months, from April to June, 2024

QUALIFICATIONS: 

• Higher educational degree in Economics, Finance, Business Administration, or related fields.
• At least 5 years of experience in finance, with a focus on trade finance.
• Experience in consulting on developing concepts for regulatory framework and/or on the preparation of legislative acts in the trade finance sphere.
• Proficient with Microsoft Office Suite and other tools used to conduct and communicate research and projects.
• Good command of English (at least upper-intermediate level).
• Excellent written and oral communication skills.

Please submit your Cover Letter and CV to [email protected] by April 2, 2024.

Only shortlisted candidates will be contacted.