Economic Empowerment Specialist

2 weeks ago

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

We are seeking a highly skilled and experienced Economic Empowerment Specialist to join our team at the Islamic Development Bank. The successful candidate will play a vital role in contributing to the development and execution of the Bank's policies, strategies, and action plans concerning Economic Empowerment Knowledge Solutions (EEKS) Initiatives.

Key Responsibilities
  1. Program Development: Assist in setting up, conceiving, and crafting capacity development initiatives for Member Countries and microfinance institutions.
  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 would 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.
  5. Monitoring and Evaluation: Oversee the progress and performance of the Economic Empowerment Knowledge Solutions initiatives.
  6. Resource Mobilization: Support the implementation of a resource mobilization strategy aimed at securing the necessary resources for EEKS's initiatives.
  7. Quality Assurance: Assist in quality assurance processes to ensure that the initiatives adhere to CCD policies and regulations.
  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.
  10. Market Research for Microfinance and Poverty Reduction: Conduct comprehensive research to explore successful and promising trends in the development of underserved markets.
Technical Responsibilities
  1. Quality Assurance: Assist in quality assurance processes to ensure that the initiatives adhere to CCD policies and regulations.
  2. 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.
  3. Data Analysis: Analyze and interpret economic, poverty, inequality, and other statistical data.
  4. Market Research for Microfinance and Poverty Reduction: Conduct comprehensive research to explore successful and promising trends in the development of underserved markets.
Strategic & Operational Planning
  1. Collaborate with the EEKS and CCD teams: Develop and execute actionable short to medium-term operational plans and associated budgets.
  2. Participate in the formulation and periodic review of key performance indicators (KPIs): For the section and the department.
  3. Assist in the evaluation of Annual Work Plans: Offering recommendations to enhance performance.
  4. Generate regular reports: Detailing the activities and performance of the section initiatives.
  5. Prepare technical action plans: In coordination with relevant stakeholders for program implementation.
  6. Prepare comprehensive budgets: For each program and define clear performance metrics for programs.
  7. Oversee program implementation: Ensure adherence to established timelines, and contribute to troubleshooting and resolution of implementation challenges or bottlenecks.
Knowledge Sharing and Communication
  1. Summarize insights: From the EEKS Initiatives to improve operational processes and guideline updates.
  2. Actively engage: In the transfer of knowledge and the localization of expertise in Economic Empowerment and microfinance.
  3. Develop systematic approaches: Manuals and practical tools for fieldwork within the realm of Economic Empowerment Programs.
  4. Provide support: To IsDB and Regional Hubs in executing capacity development initiatives related to Economic Empowerment projects and initiatives.
  5. Promote the widespread adoption: Of the Economic Empowerment Approach within IsDB projects and Programs.
  6. Formulate training and capacity development solutions: Tailored for practitioners engaged in Economic Empowerment and Microfinance Operations.
  7. Elevate awareness: Regarding Economic Empowerment methodologies and capacity-building solutions among stakeholders.
  8. Contribute to the creation: Of knowledge products, reviews, briefs, and updates addressing Economic Empowerment topics.
Requirements
  1. Bachelor's degree: In Economics, Finance, International Development, or related field.
  2. Master's degree: In Economics, Finance, International Development or related fields is preferred.
  3. 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.
Skills & Necessary Knowledge
  1. Good knowledge: Of the economic and social challenges in Member Countries.
  2. Knowledge of economic empowerment: Poverty alleviation, approaches, and frameworks.
  3. Knowledge of relevant industry sector trends: And experience in emerging markets is a plus.
  4. Business development and client relationship skills: Strong interpersonal skills, ability to interact effectively with clients and colleagues from various cultural backgrounds.
  5. Highly motivated: Committed to the highest ethical standards.
  6. Experience of working: With Donors and International NGOs and other projects in conflict areas.

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