EAST AFRICAN COMMUNITY
REQUEST OF EXPRESSION OF INTEREST- CAPITAL MARKETS INFRASTRUCTURE
PROJECT MANAGER
1. PROJECT INFORMATION
Project Name: EAC FINANCIAL SECTOR DEVELOPMENT AND REGIONALIZATION PROJECT I, (EAC-FSDRP I)
Grant No: H6410
Project Implementing Agency (PIA): EAC SECRETARIAT Expression of Interest number: EAC-FSDRP I /REOI/6.1.21/14
2. INTRODUCTION
The East African Community (EAC) Secretariat has received a Grant from the International Development Association (IDA) in the amount of USD 16 million for financing the EAC Financial Sector Development and Regionalization Project I (EAC - FSDRPI) to support the development of the financial sector through the establishment of a single market in financial services among EAC Partner States.The EAC-FSDRP I Project Management wishes to hire an individual consultant for the management of the Capital Markets Infrastructure (CMI).
3. OBJECTIVE
The EAC – FSDRP 1 requires the services of an experienced professional, familiar with the operations and management of Capital Markets and Central Depository Systems (CDS) within the region and/or developing economies, to provide technical and administrative leadership and direction for the Capital Market Infrastructure (CMI) implementation process from October 2014 until the system go live. To carry out his/her tasks the Project Manager will be required to liaise with the EAC Secretariat, central banks, capital markets regulators, securities exchanges, existent CSDs and the selected vendor
4. SCOPE OF WORK
The Project Manager's specific responsibilities will be as follows:
1. To provide Project Management for the duration of the project ensuring the overall direction and management of all aspects of the implementation;
2. To provide project co-ordination and administrative support;
3. To coordinate activities to ensure timely dissemination of project information in accordance to the Project Communication Plan as defined in the Project Implementation Plan;
4. To develop, implement and maintain/update the master Project Plan;
5. To provide co-ordination of all internal resources;
6. To provide project liaison with external suppliers and resources;
7. To monitor project tasks to ensure timely delivery of work products;
8. To conduct on a fortnight basis, progress reviews and to prepare monthly status reports for presentation at the Project Steering Committee monthly meetings. The progress reviews will cover technical issues, schedule related issues and resource aspects of the project. On the other hand, status reports will focus on the accomplishments for the concluded reporting period, the planned activity for the next reporting period, and the identification and resolution of project issues; and
9. To develop, maintain and update all project related documentation, such as:
(i) Issues Log designed to track issues identified throughout the project life cycle;
(ii) Training materials developed in conjunction with the suppliers and other sources; and
(iii) Functional, user and technical documentation.
5. REQUIRED COMPETENCIES
The consultant should have a Master's degree or equivalent in Economics, Business Administration, Finance, Computer Science and/or related fields with a first University degree in Economics, Business, Finance, Statistics, commerce or related fields and specialized experience. A professional qualification in related fields will be an added advantage.
At least 10 years of relevant experience, at middle to senior level management or above, working in: central banks CDS environment or Real Time Gross Settlement (RTGS) environment, Stock Exchange and Central Securities Depositories. Working Experience on projects that span a broad range of systems and enterprise wide complex components will also be an added advantage.
The Consultant should have strong knowledge and experience in dealing with the operations of the ATS and/or RTGS systems. In addition, knowledge in systems implementation and operations will be required.
Interested consultants are requested to provide information indicating their professional capabilities and relevant experience (description of similar assignments by showing the name of assignment, value, duration, etc…).
6. SUBMISSION OF EXPRESSIONS OF INTEREST
The deadline for the submission of expressions of Interest is on 25thSeptember, 2014. Expressions of Interest clearly marked ''EXPRESSIONS OF INTEREST FOR HIRING OF THE CAPITAL MARKETS INFRASTRUCTURE PROJECT MANAGER" shall be submitted by e-mail to the following addresses:
7. METHOD OF SELECTION
Consultants will be selected in accordance with the World Bank's Guidelines: Selection and Employment of Consultants by World Bank Borrowers of May 2004, and revised in October 2006 and May 2010. The method of selection will be Comparison of cvs.
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