ILO Social Finance Programme 2024 for Young PrOFessionals

.ILO SOCIAL FINANCE PROGRAMME 2024 FOR YOUNG PROFESSIONALS.Apply below.

When is Application Deadline:

11 June 2024, 23:59 (CEST).

Tell Me About Award:

The ILO’s Social Finance Programme invites applications from qualified professionals with expertise in inclusive finance, microfinance, insurance and development for inclusion in its Fellowship Programme roster and for potential placements in three countries: Mozambique, Sierra Leone, Solomon Islands. The projects are expected to start at the end of third quarter of 2024. 

The objective of the programme is to match qualified professionals with organizations working on the frontiers of financial inclusion, micro finance and impact insurance, bridge skill gaps and create a new generation of professionals with experience serving low-income populations.

Each Fellow will be placed with a host organization for a year to support an innovation project. The project could range from the implementation of a financial product, public-private partnership, digital solution, or distribution partnership. 

Type:

Fellowship

Who can Apply?

The ideal candidates for a fellowship should: 

• have relevant expertise to contribute to activities related to financial inclusion, insurance, digital finance and/or public private partnerships; 
• be proactive and ready to document learning experiences during the fellowship;
• be interested in working in developing countries on development issues; 
• be seriously committed to providing inclusive financial and insurance services and practising in the field on an ongoing basis after the assignment; 
• be resourceful and capable of arranging practical necessities related to travel, life and work in a new environment; and 
• be ready to work in a developing country for the duration of the fellowship. 

Financial inclusion, insurance or development professionals who are keen to apply their skills to promote social justice in emerging markets and who have worked in a technical capacity for at least five years may participate. Candidates with the requisite skills and experience will be included in the roster and considered for the aforementioned fellowship opportunity.

How are Applicants Selected?

Education

• Bachelor or master’s degree in economics, management, finance, banking and insurance or other relevant fields

Professional experience

• 5-10 years of professional experience in financial services industry and knowledge of banking and insurance products and processes
• Experience in project management
• Experience in business analysis
• Experience in development cooperation 
• Experience in design of financial product design and operations
• Experience in design of mass market distribution strategies
• Experience in digital technologies

Languages

• English
• Portuguese (pre-requisite for candidates applying for Mozambique)

How Many Awards?

Not specified

What is the Benefit of Award?

The fellow will be placed at the pre-defined host organization, selected among banking and microfinance institutions, insurance companies, mobile money providers, and will support the implementation of the project by interacting with the primary host organization as well as a number of partner financial institutions involved in the same project. 

The number of entities supported by the fellow can vary from 1 (primary host organization) up to a maximum of 8, depending on the country and the project.  The modalities of support to each of the host and partner organization is to be determined.

The objective of the project is to support piloting financial products suited for the needs of informal entrepreneurs and promoting progressive formalization of such clients, as well as to strengthen the in-country B2B partnerships to ensure efficiencies. 

How to Apply:

Interested candidates should submit their application by downloading and filling out the application form and returning this, together with a CV and cover letter, to [email protected], using subject line “Application – Social Finance Fellowship in Mozambique/Solomon Islands/Sierra Leone”. The deadline for submissions is 11 June 2024, 23:59 (CEST).

Visit Award Webpage for Details