ICMA seeking an Economic Risk Management Expert with experience in building the capacity of national governments and municipalities increase local awareness of economic risk-management tools, such as insurance plans and contingency funds, for at-risk urban infrastructure and livelihoods for the Mozambique CCAP project.
Candidates should have experience undertaking capacity-building activities, assessing the state of insurance markets and barriers to access, and improving access—or at least the enabling environment for increased access—to risk pooling measures such as insurance plans and contingency funds.
The selected candidate(s) will be able to demonstrate how they have implemented activities resulting in:
- Improved awareness of and capacity to potentially implement innovative risk -management measures
- Increased financial management capacity of relevant municipal authorities and structures
The selected candidate(s) must demonstrate the ability to carry out a scope of work that will include building the capacity of national, local governments, and private organizations to:
- Determine the scope of current insurance markets and barriers to extending access
- Work with representatives from the global reinsurance industry and private sector holders of economically productive and/or socially valuable infrastructure to strengthen awareness of insurance and other risk-sharing tools for at-risk urban infrastructure
- Provide financial management training for municipal authorities with a particular focus on managing disaster response and climate adaptation funds
- Analyze risk-management options, such as parametric insurance and contingency funds, and providing analysis for the feasibility of piloting projects
Requisites
- Advanced degree in Science, Mathematics, Financial Engineering, Economics, Business or related analytical field
- Minimum 7 years’ experience in either computational, engineering or scientific research and development roles
- Demonstrated knowledge of modeling credit and market risk impacts on derivatives
- Working knowledge of risk neutral and risk actual measures
- Experience working with insurance, real estate, structured loan and lease products
- Strong knowledge of asset-liability management, financial mathematics and applied statistics
- Project management experience
- Must be fluent in Portuguese and English
Notes
Candidates should provide a cover letter and CV highlighting their experience:
- Training municipal authorities on how to make budgeting decisions for disaster risk management options such as insurance, contingency funds, and catastrophic bonds
- Supporting the development of investment plans that identify a timeline for implementation of adaptation measures and sources of funding
- Assessing the potential for individual risk insurance for residential and commercial properties/business and insurance to protect livelihoods that are sensitive to climate shocks
- Assessing the viability of, and as appropriate, help design a municipal contingency capital/disaster fund
- Providing technical support to the GOM to evaluate options, factor into budgets, and conduct strategic planning for the use of payouts to affected areas when disasters hit
- Assisting the GOM to define a regulatory framework for climate-change related insurance
This position is contingent upon ICMA being awarded the project. ICMA is an EOE. Please send your resume to the email address indicated above. Your resume must be in English and not to exceed 5 pages.