The Hyogo Framework of Action (HFA) calls upon regional organizations with a role on DRR related to their mandates, priorities, and resources, including the promotion of regional programmes and establish regional collaborative centers to undertake research, training, education and capacity building in the field.
The United Nations International Strategy for Disaster Reduction (UNISDR) and the Arab Academy for Science, Technology and Maritime Transport (AASTMT) of the League of Arab States, under the chairmanship of the Executive Bureau of the Council of Arab Ministers Responsible for the Environment (CAMRE) and the Islamic Executive Bureau for Environment, jointly launched a Regional Centre for Disaster Risk Reduction on 4 March 2009, hosted by the AASTMT in Cairo.
During the Second Meeting of the Governing Board, the esteemed Members endorsed the proposed outline for a 3-year Strategic Business Plan 2011 – 2013 for RCDRR that was presented by the Global Facility for Disaster Reduction and Recovery (GFDRR) of the World Bank.
The plan focuses on four clear lines of business aiming at achieving the RCDRR objectives. These four lines are: 1) Enable policy and planning for disaster risk reduction in the region, 2) expand education and training opportunities to build a culture of prevention in the region, 3) enable access to knowledge and practices relevant to the region, and 4) just-in-time advisory services.
RCDRR seeks to recruit a Disaster Risk Financing and insurance Leader which shall report directly to the Executive Director.
Duties and responsibilities
Under the overall supervision of RCDRR’s Executive Director, the Senior DRF Specialist is responsible for the overall design, planning and implementation of the Disaster Risk Financing and Insurance at the regional level, as follows:
• Execute research and knowledge development & compilation in the field of disaster risk financing and insurance in the financial and insurance Sector, keeping in view the target recipients who are policy and decision makers. This involves:
- Supporting Knowledge Management (KM) work in key areas of disaster risk financing and insurance (including the publication of policy papers).
• Developing KM products on disaster risk financing and insurance (including drafting policy papers, dissemination brochures and country case studies).
• Develop and maintain a constructive dialogue with stakeholders nationally and in the region in the field of disaster risk financing and insurance, and in doing so foster partnerships with national, regional and global stakeholders for strategic collaboration in disaster risk financing and insurance. This involves:
- Leading and conducting the overall dialogue on disaster risk financing and insurance in the financial and insurance sector and fiscal development issues with clients including Government officials and other stakeholders at the policy level.
- Provide intellectual leadership on a broad range of financial sector development issues in line with disaster risk financing and insurance principles. This will include assisting country clients in the design of their national disaster risk financing and insurance strategies and policies.
- Work closely with respective PCUs in developing, piloting and monitoring disaster risk financing and insurance project implementation for regional financial sectors.
- Engaging with relevant donor partners on DRFI.
• Mainstreaming disaster risk financing and insurance in national and regional disaster risk management activities. This involves promoting disaster risk financing and insurance within the programs and projects implemented by RCDRR. It also involves exhibiting proactive initiatives and presenting proposals in the field of designing and implementing disaster risk financing and insurance projects and programs at the national and regional levels, as well as integrating innovative ideas in this domain. This involves providing technical support on disaster risk financing and insurance including:
- Risk information data collection and management.
- Catastrophe risk modelling.
- Financial and actuarial modelling.
- Design disaster risk financing and insurance tailored to the region.
• Other responsibilities:
- Responsibility for alerting ED to DRFI management issues requiring GB review and/or approval, and preparing the relevant proposals for presentation within periodic GB agenda(s). This includes preparation of Program Performance Reports for presentation in periodic RCDRR GB Meetings. Such reports should reflect: Financial and technical status of programs in process within the region as well as programs in the pipleline; Actual versus forecasted budgeting; Existing versus prospective funding sources.
- Constant assessment of additional staffing requirements within the DRFI Department as scale of work broadens to investigate the relevant additional staffing requirements, and propose staff additions to the ED as and when required. This includes selecting, orienting and arranging training for new staff additions, as and when required.
Required skills and experience
• High degree in finance or economy (at least Bachelor, Master is preferred), with a focus on risk financing, finance engineering, quantitative finance 100000or relevant field.
• Have at least twelve years experience as Disaster Risk Financing officer in an international organization.
• Proven experience in the use of innovative approaches, advanced techniques, financial tools for financial risk modeling including Monte Carlo, Stochastic Time Series market risk, value at risk, historical simulation, or extreme value theory.
• In deep knowledge of insurance system in regional level, especially in the Islamic countries.
• A strong experience in the use of financial information systems.
• Proven experience in the dialogue with governments and donors.
• Good communications skills,
• Fluent in Arabic, English and French.