Recruitment of Financial Advisor

Introduction

The WEST AFRICAN POWER POOL (WAPP) has received financing from the GIZ and intends to apply part of the proceeds for consulting services to be provided by Financial Advisor.

Mission Objectives

The Financial Advisor will:

1. Develop bidding documents for selecting a Clearing Bank
2. Support the procurement process for Clearing Bank Selection
3. Design workflows for clearing and settlement between WAPP, market participants, and banks
4. Update criteria for settlement bank selection
5. Assist in readiness testing and guide market settlement procedures, covering day-ahead markets, imbalance settlements, transmission tariffs, participation charges, and penalties.

Tasks for the Contractor:

Settlement Framework Review Report (SFRR):

1. Analyze key Regional Electricity Market (REM) documents, identifying challenges and opportunities in settlement processes.
2. Address issues like cross-border payments, currency use, cybersecurity, and regulatory policies, with mitigation measures.

Clearing Bank Selection Support:

1. Review evaluation criteria for clearing banks, identifying gaps and compliance measures.
2. Draft detailed Terms of Reference (ToR) for the bank's integration with WAPP systems.
3. Assist in procurement processes, including RFP preparation, evaluation, and contract negotiation.

Workshops and Training:

1. Support workshops for document validation
2. Train WAPP staff on settlement procedures and international trade finance

Settlement Bank Criteria Development:

1. Establish criteria ensuring financial and technical capabilities, compliance, and cybersecurity of settlement banks.

Reporting and Monitoring:

1. Provide reports (inception, interim, and final) and conduct quarterly post-implementation reviews with procedural updates.

Request for Expression of Interest

The WEST AFRICAN POWER POOL now invites eligible individuals (“Consultants”) to indicate their interest in providing the Services as Financial Advisor. The interested Consultants can find the tender under the following link:
 https://ausschreibungen.giz.de/Satellite/public/company/project/CXTRYY6Y...
 For an easier way to get the documents in the tender link, the prospective bidders may use the link below, which is derived from the first one.
DTVP | Advanced search for notices

Qualifications, skills and experience

The key requirements for this position are summarized below:

Education/training (2.2.1): Master’s degree in banking and finance, economics, energy, business administration, or comparable field
Language (2.2.2): C1 -level language Proficiency in both written and spoken in either English or French, with working knowledge of the other language
General professional experience (2.2.3): 10 years of professional experience in international trade financing and settlement procedures
Specific professional experience (2.2.4): Participation in 3 projects in negotiating, structuring and implementing transnational agreements and settlement process (3 out of maximum 10 points)+ Participation in 2 projects in digital settlement systems specific to crossborder transactions or energy markets (3 out of maximum 10 points) + Participation in 1 project in developing bidding documents, such as Terms of Reference, Invitation for Bids, and Request for Tenders and has demonstrated success in managing competitive bidding processes, including defining selection and evaluation criteria (4 out of maximum 10 points)
Regional experience (2.2.6): 03 years’ work experience in the West African Regional trade regulations and settlement mechanisms;
Development Cooperation (DC) experience (2.2.7): Participation in 1 activity or study relating to financial intermediaries and activity in relation to utilization of PAPSS or other financial settlement platforms.
Other (2.2.8): One (1) project in designing and implementing business processes, particularly in the context of clearing and settlement workflows

The submission period ends on 13.01.2025, 12:00 o´clock (noon, German time).