Economic Empowerment Specialist

2 months ago


Jeddah, Makkah Province, Saudi Arabia Islamic Development Bank Full time
About the Role

The Islamic Development Bank is seeking a highly skilled and experienced Economic Empowerment Specialist to join its Cooperation & Capacity Development Department. As a key member of the Economic Empowerment Knowledge Solutions (EEKS) section, you will play a vital role in contributing to the development and execution of the Bank's policies, strategies, and initiatives related to economic empowerment.

Key Responsibilities
  1. Program Development: Assist in setting up, conceiving, and crafting capacity development initiatives for Member Countries and microfinance institutions, including the design and structuring of these programs.
  2. Capacity Gap Analysis: Contribute to establishing a framework for assessing the capacity gaps of microfinance institutions concerning their financial, social performance, and economic empowerment efforts.
  3. Technology Advancement: Support the advancement of IT systems that promote the implementation of Economic Empowerment, including core banking solutions, Fintech, and Artificial intelligence.
  4. Partner Identification: Participate in the identification and evaluation of potential partners with expertise in program execution and technical assistance to enhance the impact of capacity-building initiatives.
  5. Monitoring and Evaluation: Oversee the progress and performance of the Economic Empowerment Knowledge Solutions initiatives, ensuring they effectively achieve their goals of development and empowerment.
  6. Resource Mobilization: Support the implementation of a resource mobilization strategy to secure the necessary resources for EEKS's initiatives, including fundraising and donor engagement.
  7. Quality Assurance: Assist in quality assurance processes to ensure that the initiatives adhere to CCD policies and regulations, including compliance monitoring.
  8. Manual and Tool Development: Contribute to the creation of manuals and tools pertaining to client selection, partner engagement, and other operational aspects of EEKS Initiatives.
  9. Data Analysis: Analyze and interpret economic, poverty, inequality, and other statistical data, continuously monitoring trends and conducting in-depth research on economic and development issues in Member Countries.
  10. Market Research for Microfinance and Poverty Reduction: Conduct comprehensive research to explore successful and promising trends in the development of underserved markets, particularly in the context of microfinance and poverty reduction.
  11. Explore opportunities relating to financing value chain development.
Requirements
  1. Academic and Professional Qualifications: Bachelor's degree in Economics, Finance, International Development, or related field. Master's degree in Economics, Finance, International Development, or related fields is preferred.
  2. Minimum 5 years of relevant experience: In programs related to economic empowerment, poverty alleviation, sustainable development, Islamic microfinance, market development for the poor, private equity, program design & appraisal, or investment banking.
  3. Skills & Necessary Knowledge: Good knowledge of the economic and social challenges in Member Countries, knowledge of economic empowerment, poverty alleviation, approaches, and frameworks, knowledge of relevant industry sector trends, and experience in emerging markets is a plus.


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