The PIFS is seeking a qualified and experienced international consultant to coordinate issues related to correspondent banking relationships in the Pacific.
This is a full-time work assignment for one year and thereafter in line with the project timeline, the assignment will transition to a part-time role for the next three (3) years with possible further extension if the project implementation period is extended
The CBR Expert will lead the identification and assessment of correspondent banking service providers, manage contract negotiations, and support ongoing engagement after signing. Key responsibilities include:
Engaging with banks and financial institutions during the RFP, including outreach, info sessions, and timely follow-up.
Leading contract negotiations, setting fees, ensuring compliance, and protecting PIFS and PICs' interests.
Defining technical criteria for providers, covering service delivery, compliance, and operational standards.
Setting due diligence criteria for ongoing provider relationships, including compliance and risk monitoring.
Supporting feasibility studies and coordinating with PMU, PICs, and PIFS, including participation in regional discussions.
Overseeing the provider's operations to ensure contract and performance standards are met.
Organising workshops and training for local banks and stakeholders, and representing PMU/PIFS in key events.
Developing a monitoring and evaluation framework with clear indicators and regular reporting.
Conducting risk assessments and supporting mitigation planning with the provider.
Applicants will be evaluated based on the following criteria:
Mandatory Criteria
Description
Evaluation
Education
A bachelor's degree in finance, economics, law, business administration or a related field.
Pass/Fail
Experience
Minimum of 7 Years in International Banking: Demonstrated experience in international banking, with a strong understanding of global financial systems, practices, and regulations. This experience should include roles that involve cross-border transactions and correspondent banking relationships.
Pass/Fail
Evaluated Criteria:
Evaluated Criteria
Points
In-depth knowledge of Banking Services and CBRs: Expertise in various banking services, particularly those related to CBRs. This includes a thorough understanding of the operational, regulatory, and compliance aspects of CBRs and the ability to navigate complex banking environments.
30
Familiarity with the Pacific Economic and Financial Landscape: Comprehensive knowledge of the economic and financial environment in the Pacific region, including an understanding of local banking practices, regulatory frameworks, and the unique challenges faced by PICs.
30
Experience in Development Finance and Policy Advisory: Proven track record in delivering policy advice on development finance, particularly in leading complex assignments that require strategic thinking and problem-solving skills. Experience in working with governmental and non-governmental organizations in the Pacific or other emerging economies is highly desirable.
20
Financial Regulation Expertise: Familiarity with financial regulations applicable to banking and correspondent banking services. Experience in regulatory compliance, risk management, and the ability to advise on best practices in financial governance would be advantageous.
10
Capacity Building and Training Experience: Experience in developing and delivering training programs for local financial institutions to enhance their understanding of correspondent banking services, compliance requirements, and risk management practices.
10
HOW TO APPLY:
PIFS, on behalf of the participating member countries, now invites eligible individuals ("Consultants") to indicate their interest in providing the Services. Interested Consultants should provide information demonstrating that they have the required qualifications and relevant experience to perform the Services (attach curriculum vitae and a cover letter with description of experience in similar assignments, similar conditions, etc.).
Firms' staff may express interest through the employing firm for the assignment and, under such situation, only the experience and qualifications of individuals shall be considered in the selection process.
Expressions of interest must be delivered in a written form to the address below (in person, or by mail, or by e-mail) no later than June 8, 2026, 17:00 hrs (Fiji Time)
Address for Enquiries and Submission of EOIs
Pacific Islands Forum Secretariat
Attn: Ajay Jagannath, Project Coordinator
Private Mail Bag, Suva
PO Box 856, Suva, Fiji.
Tel: 679-3312600
E-mail: cbrprocurement@forumsec.org