International labour Organization (ILO) Call for Fellowship applications 2024

The ILO Fellowship 2024 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, and the 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.

Fellows Duties

The fellow will be responsible for providing technical assistance to the host and partner financial institutions, in a manner that contributes to the objectives of the project connected to improving access to finance, rolling out of suitable financial services that incentivize and promote progressive formalization of informal businesses.

Specific duties included, but are not limited to, the following:

• Liaising with the ILO, host organization and partner financial institutions to ensure efficient and timely implementation of the project;
• Familiarization with regulatory frameworks to ensure alignment of recommendations with local financial sector and business formalization legislation;
• Development of approaches to client segmentation, aiming at identifying host and partner organizations’ clients most likely to formalize their activities;
• Visits and interviews of clients of host organization and/or partner entities to inform recommendations;
• Identification of incentives and capacity development needs, that can contribute to promoting progressive formalization of the targeted client segment (in connection with the type and the conditions of financial product, capacity gaps and needs of the target beneficiaries);
• Contribution to design of financial products and solutions, including tailoring the products to the needs of the target group; embedding relevant capacity building activities and incentives, leading to improved access to finance and promoting formalization of informal businesses;
• Review of internal processes, workflows, information systems and flows leading to efficient sharing and incorporation of data, required for client segmentation and treatment;
• Making the link between the host and partner organization’s clients with capacity and ecosystem building activities undertaken under current development cooperation project;
• Contribution to development of partnerships between the host and partner organizations, as and if required;
• Documenting lessons learnt in connection to development and piloting of financial products, approaches and/or internal processes that were developed and tested in the course of the project.

Check: Afreximbank Research Sabbatical Programme 2025

Eligibility of ILO Fellowship 2024

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

Also Check: Youth Leadership Development Programme (YLDP ) 2024

Application for ILO Fellowship 2024