Jobs and Careers

COMPETITION TYPE: 

Call for Proposal

DETAIL DESCRIPTION: 

The “ArmSwissBank” CJSC one of the leading Armenian banks that also seek accreditation with GCF (under direct access modality) has been awarded the contract for implementation of “Scaling up Green Finance Practices in the Republic of Armenia” Project. Within the framework of the Project, the Company announces engagement of a consulting firm for supporting the international consultant in carrying out review of regulatory framework and designing package of recommendations for advancing “green finance” in Armenia.

Scope of Work:
Most of the banks and non-banking financial institutions through specifically designed mapping matrix and experience collecting questionnaire (circulated during the first phase of the project) have communicated the need for advancing environment for “green finance instruments” in Armenia through removing regulatory impediments, creating enabling conditions for “green finance” principles. MDS that has also been targeted during the previous phase of the Project has also shared their recommendations on specific interventions that are necessary for boosting “green finance” practices. With the purpose of identifying regulatory bottlenecks and designing recommendations aiming to address them as well as to establish enabling regulatory levers that are based on international best practices, services of legal consulting firm are being sought through this RFP. More specifically, the Company will:
- Support the International Consultant in carrying out comprehensive review of regulatory framework governing the banking sector with particular focus on the findings of the first phase of the Project and identification of impeding provisions;
- Support the International Consultant in reviewing international best practices in the field of enabling legal frameworks facilitative towards advancement of “green finance” practices in the Republic of Armenia and drafting respective legislative/ regulatory package containing comprehensive set of recommendations for further consideration by regulator;
- Implement consultations with key stakeholders, including Central Bank of Armenia, Union of Banks of Armenia, commercial banks and non-banking financial institutions, as well as MDBs.
- Closely work with International Expert to be selected separately.

REQUIREMENTS: 

- At least 5 years of work experience and at least 5 assignments (minimum 3 of which in other comparable countries) in conducting legal/ regulatory reviews of commercial banking legislations with particular focus on “green finance” practices;
- Proven track record of designing “green finance” instruments (e.g. green bonds) for the Governments, private sector and commercial banks;
- Institutional track record on successful delivery of high-level expert advice to banks, governments and/ or international organizations in the relevant fields.

APPLICATION PROCEDURES: 

Submission Packages comprised from CV and Financial Proposal should be submitted to: ***********.***@************.** by the deadline. Financial Proposal should be submitted to: **********.***@************.** by the deadline. Financial Proposal should include fee component only, which should be all inclusive. Type of the contract is lump-sum. Financial proposals should include timeline of payments against deliverables. Services proposed shall be reviewed and evaluated based on completeness and compliance of the Proposal and responsiveness with the requirements of this RFP. The Proposal that complies with all of the requirements meets all the evaluation criteria and offers the best value for money shall be selected and awarded the contract. Any offer that does not meet the requirements shall be rejected. Please Note: “ArmSwissbank” CJSC will not provide feedback on the evaluation process to unsuccessful candidates.

Please clearly mention in your application letter that you learned of this announcement through Career Center and mention the URL of its website - www.careercenter.am. Thanks.

ABOUT: 

Within its strategy to promote enabling framework for introducing environment resilient practices, the Government of Armenia plans to significantly scale up the utilization level of green finance instruments and to secure a more pro-active participation of the private sector in implementing interventions in climate adaptation and mitigation domains.
Within that overall strategy, the Government of Armenia through the Ministry of Environment (Designated National Authority) has requested support of Green Climate Fund (GCF) within the framework of “Readiness and Preparatory Support Programme” to implement comprehensive assessment of the constraints for further expansion of “green finance” practices, mapping of available instruments and to come up with comprehensive set of methodological, awareness raising and capacity building interventions. The Readiness Project will design a Green Finance Roadmap, as key political document outlining current state, existing impediments for green finance development and establishing comprehensive vision for green finance strategy contributing to implementation of Armenia’s NDCs and Paris Agreement. The Roadmap and further activities aimed at implementation of the activities proposed will benefit from Repository of “Green Finance Instruments” that will be compiled during project execution stage and further handed over to Central Bank for maintenance and updates upon completion of the Project. The main objective of the Readiness Project is to achieve paradigm shift in design and utilization of “green finance” instruments through incorporating into policies, operational modalities of national banks and non-banking financial institutions the climate-resilient approaches and guidelines, as well as regulatory simplification and introduction of policy incentives for designing respective on-lending facilities. To achieve this objective, interrelated chain of activity clusters, including assessment of baseline, regulatory review and simplification, assessment of best international practices, design of methodological baseline and further capacity building activities will be implemented.

ATTACHMENTS:

ToR - RFP_03-002_Legal Consulting Firm.pdf