Access to Finance Rwanda (AFR) is a Rwandan Not for Profit Organization, established in March 2010 by the governments of Rwanda and the United Kingdom (UK) and is currently funded by the UK Department for International Development (DFID), MasterCard Foundation, USAID and Sweden. Guided by the Making Markets Work for the Poor (M4P) approach, AFR’s strategic focus is to stimulate financial sector development and address constraints that prevent the financial market from reaching Rwanda’s low-income population.
About the Financial Sector Development Directorate under the Ministry of Finance and Economic Planning
The Ministry of Finance and Economic Planning (MINECOFIN) core vision is develop Rwanda into a country free of poverty and its mission is to raise sustainable growth, economic opportunities, and living standards of all Rwandans.
One of the key functions of the Ministry is to develop a deeper and more inclusive financial sector that serves all the segments of the Rwandan population and contribute the desired economic development agenda as outlined in the 2017-2024 National Strategy for Transformation and Prosperity (NSTP). This high-level objective is to be achieved through the following pathway:
Expanding access and usage of quality financial services (saving, credit, insurance, pension, capital market instruments, payments, etc.).
Enhancing savings mobilization, especially long-term savings.
Mobilizing long-term capital for investment.
Positioning Rwanda as an international financial services Centre.
About the Job:
The Strategic Adviser will support the Director General (DG)-Financial Sector Development Directorate (FSDD) to drive the design and implementation of policies, strategies and other reforms required to deepen, widen, strengthen the financial sector in order to support real economy sectors to achieve desired economic growth and enhanced well-being of Rwandans.
The successful candidate will provide advice and practical assistance to the FSDD senior leadership team on how to strengthen the policy design and implementation to become more efficient and effective. The Adviser will be expected to support and participate in the shaping of the Financial Sector Development Strategy III and coordinate the financial sector stakeholders during implementation to ensure maximum impact is achieved.
The adviser will also be expected to liaise with the private sector and work alongside Senior Government Officials, Development Partners and AFR to drive a shared vision of developing the Rwandan Financial Sector. The adviser will also be responsible for identifying opportunities for the delivery of short-term Technical Assistance to support the implementation of the overarching reform plan of the FSDD.
This role is highly flexible and unstructured. AFR is looking for an individual who can work well with little structure, has excellent communication and influencing skills and has the ability to carve out a strategic role for themselves in supporting the DG.
Good understanding of financial sector development and the FSDD’s strategic role in Rwanda’s economic transformation.
Strong stakeholder management skills, with a track record of building sound relationships with a range of international and domestic partners, including senior government members and officials.
Proven ability to achieve impact, coordinate competing views and influence others.
Evidence of strong strategic thinking skills and flexibility to adjust your own, and others’, priorities in response to changing circumstances.
Experience of strategic planning, risk management and monitoring and evaluation.
Confidence in overseeing and steering evidence generation and knowledge management.
Advanced degree in economics, finance, or related studies required.
Minimum 10 years of relevant experience in macroeconomic policy reform and financial sector development.
Minimum five years of experience working in related fields in developing countries.
Experience in capital market development.
Proven ability to work with host-country government officials, international donors, and private-sector stakeholders.
Strong leadership and communication skills required.
English fluency required.
Experience of leading a high-level change / reform program.
Experience of working on or in developing countries.
Broad knowledge of financial sector development matters.