• Review the data availability and frequency;
• Study international practice of systemic risk assessment models (including systemic risk models such as SAMP and RAMSI, macro stress test model, conventional macroeconometric models) that possibly be suitable for Mongolia;
• Based on the findings, prepare an inception report that defines systemic risk assessment approach that best suits for Mongolia;
• Get feedback on the selection of methodology;
• Perform background reading and literature survey on the proposed methodology/model;
• Carry out training on systemic risk assessment approaches and hands-on demonstrations of model-building;
Second on-site mission
15 days
• Develop the full-fledged systemic risk model tailored to Mongolia that can be used in systemic risk monitoring and policy effect analysis;
• Make the model ready for regular use, test and ensure its theoretical consistency and practical application;
• Prepare and provide a comprehensive guide for the implementation of systemic risk model for financial stability analysis of Mongolia;
• Get feedback on the guide and revise it;
• Carry out a 5-day-training/workshop on the developed systemic risk model with step-by-step demonstration and extensive applications using econometric software;
• Prepare a final report;
D. DELIVERABLES
The International Consultant shall submit the following deliverables to the BOM:
Mission & Deliverable
First mission
• Study report on international practice of systemic risk assessment models
• An inception report that defines systemic risk assessment approach that best suits for Mongolia
• Training report and supporting materials (powerpoints, handouts, case studies etc.)
Second mission
• Comprehensive guide for the implementation of systemic risk model for financial stability analysis of Mongolia (preliminary and revised version)
• Documents and files related to the model
• Training/workshop report and supporting materials (powerpoints, handouts, case studies etc.)
• Final report on the systemic risk assessment methodology tailored to Mongolia
E. CONSULTANT’S QUALIFICATIONS
To be considered eligible candidates should have all the eligibility criteria listed below:
• Education: A suitable candidate should have a post-graduate degree in Economics or Finance.
• Experience: A candidate should have at least 15 years of professional experience. Candidates who have held senior positions in the financial stability units at the central bank and/or as a financial sector supervisor would be preferred. The experience in developing full-fledged models for financial stability assessment and analysis, and in conducting comprehensive financial stability assessment/analysis will be strongly preferred.
• Language skills: Professional English in writing and speaking.
• Other skills: Excellent interpersonal skills with the ability to function effectively and collaboratively in a team environment; proficiency in PC based applications such as Word, Excel and data management, and have excellent web research and navigation skills; knowledge of web-based data system analysis is strongly preferred.
Interested consultants should provide information demonstrating that they have the required qualifications and relevant experience to perform the Services.
1. Cover letter indicating why she/he considers her/himself suitable for the position,
2. Detailed CV highlighting relevant skills/experience,
3. Copy of diplomas or certificates.
The consultant will be selected in accordance with the World Bank’s Procurement Regulations for IPF Borrowers (July 2016).
Expressions of interest must be delivered in a written form to the address below or by e-mail before 17:00 on October 15, 2019 (local time, Ulaanbaatar, Mongolia).
Further information can be obtained at the address below during office hours: 8:30 to 17:30 hours (local Ulaanbaatar time) or procurement@sffs.mn.
Attn: Ms.Bayarmaa L, Procurement specialist,
Project Implementation Unit
The World Bank – Strengthening fiscal and financial stability project,
Room #205, Negdsen undestnii 8/2, 4th khoroo, Chingeltei District, Ulaanbaatar, Mongolia
Tel: +976-70120582
Job Email id: procurement(at)sffs.mn