Background Diversity, Equity and Inclusion are core principles at UNDP: we value diversity as an expression of the multiplicity of nations and cultures where we operate, we foster inclusion as a way of ensuring all personnel are empowered to contribute to our mission, and we ensure equity and fairness in all our actions. Taking a ‘leave no one behind’ approach to our diversity efforts means increasing representation of underserved populations. People who identify as belonging to marginalized or excluded populations are strongly encouraged to apply. Learn more about working at UNDP including our values and inspiring stories. UNDP does not tolerate sexual exploitation and abuse, any kind of harassment, including sexual harassment, and discrimination. All selected candidates will, therefore, undergo rigorous reference and background checks. UNDP has been working in India since 1951 in almost all areas of human development. Together with the Government of India and development partners, we have worked towards eradicating poverty, reducing inequalities, strengthening local governance, enhancing community resilience, protecting the environment, supporting policy initiatives and institutional reforms, and accelerating sustainable development for all.
With projects and programmes in every state and union territory in India, UNDP works with national and subnational government, and diverse development actors to deliver people-centric results, particularly for the most vulnerable and marginalized communities. As the integrator for collective action on the Sustainable Development Goals (SDGs) within the UN system, we are committed to supporting the Government of India’s national development vision and priorities and accelerating the achievement of the SDGs for the people and the planet.
UNDP India’s new Country Programme (2023-2027) builds on our prior work and aims to provide an integrated approach to development solutions in three strategic portfolios:
- Strong, accountable and evidence-led institutions for accelerated achievement of the SDGs.
- Enhanced economic opportunities and social protection to reduce inequality, with a focus on the marginalized.
- Climate-smart solutions, sustainable ecosystems and resilient development for reduced vulnerability.
South-South cooperation, gender equality and social inclusion are promoted across the pillars. The programme is supported by a framework of renewed partnerships and blended finance solutions, strategic innovation and accelerator labs, and data and digital architecture.
You are invited to join a team of future-smart development professionals to support India in achieving the national and globally agreed goals. As part of the UNDP team, your focus will be to work with diverse stakeholders to find country-specific solutions that lead to sustainable development and reach those furthest behind first.
Project Description The Government of India’s flagship schemes KCC/MISS and Pradhan Mantri Fasal Bima Yojana (PMFBY) have become important tools to strengthen the resilience of Indian farmers. The schemes ensure maximum benefits for the farmers by providing credit under 5 categories and financial risk protection against natural calamities and catastrophic events including pests, climate uncertainties and environmental shocks. To address agrarian distress, the Kisan Credit Card/ Modified Interest Subvention Scheme (MISS) was introduced by the Government of India to provide cheap and hassle- free credit for millions of farmers and to ensure continued investment into agriculture to bring in mechanization, modernize agriculture practices and eventually enhance productivity. Additionally, PMFBY also provides comprehensive risk coverage for the entire crop cycle, PMFBY also enables direct claim transfer into farmers’ accounts through e-remittance.
UNDP’s Country Programme Document (2023-2027) intended Outcome 2 states that “By 2027, people will benefit from and contribute to sustainable and inclusive growth through higher productivity, competitiveness and diversification in economic activities that create decent work, livelihoods, and income particularly for youth and women”. UNDP leverages its expertise in systems strengthening to support the Ministry of Agriculture & Farmer’s Welfare (MoA&FW) through setting up of a Central Program Management Unit (CPMU) for the implementation of PMFBY and KCC, to improve institutional and programme responsiveness, increase coverage and better access among marginalized and excluded farm households, offering innovative measures and support mechanisms for Agri-value chain financing. The PMU will also focus on providing Capacity Building and Training support to participating state-level government departments involved in PMFBY and KCC and advancing the scheme among new states for improved uptake.
Job Purpose The Digital Banking Analyst will work under the overall guidance and supervision of the Agri Finance and R&D Specialist. S/He will ensure engagement of all direct stakeholders and delivery of project objectives, in coordination with the Joint Secretary & CEO, DoA&FW, MoA&FW when needed.
Duties and Responsibilities Digital Banking Infrastructure and Enhancement - Review current business practices and procedures inside and outside India to identify key risk factors of digital banking;
- Support ministry in digitization of disbursement of benefits under crop insurance and agriculture credit schemes in the country;
- Assessment of the digitization needs under crop insurance and agriculture credit schemes and mechanisms for digital transformation of service delivery.
Stakeholder Engagement and Collaboration
- Work with Financial Institutions, States, Bankers, Fintech/agri-tech entities and other Stakeholders for inputs and product re-design and innovation;
- Provide high level assistance to the Stakeholders including states, banks, fintech/agri-tech entities for the smooth implementation of various direct benefit Scheme;
- Liaison with international banking, financial institution and experts to draw on international best practices for improvement in rural digital banking infra of the country.
Risk Management and Security
- Review current digital banking infra in the country and give inputs for enhancement of use of channels for transactions related to agriculture and ancillary activities;
- Understand and address loopholes in the payment system, fraudulent transactions, and current phishing scams, providing inputs to mitigate these risks.
Perform any other tasks consistent with the level of the post and/ or assigned by the Agri Finance and R&D Specialist.
Institutional Arrangement TheDigital Banking Analyst will report to the Agri Finance and R&D Specialist.
Competencies Core Competencies - Achieve Results: LEVEL 2: Scale up solutions and simplifies processes, balances speed and accuracy in doing work.
- Think Innovatively: LEVEL 2: Offer new ideas/open to new approaches, demonstrate systemic/integrated thinking.
- Learn Continuously: LEVEL 2: Go outside comfort zone, learn from others and support their learning.
- Adapt with Agility: LEVEL 2: Adapt processes/approaches to new situations, involve others in change process.
- Act with Determination: LEVEL 2: Able to persevere and deal with multiple sources of pressure simultaneously.
- Engage and Partner: LEVEL 2: Is facilitator/integrator, bring people together, build and/or /maintain coalitions/partnership.
- Enable Diversity and Inclusion: LEVEL 2: Facilitate conversations to bridge differences, considers in decision making.
Functional/Technical competencies
General (across the functions)
- Event planning and execution: Ability to plan, manage and execute of public and private events to ensure that they support and amplify individual communications and advocacy initiatives, as well as UNDP's overall brand and mandate.
Partnership management
- Emerging partnerships: Ability to engage with emerging partners, develop and manage a strategy and develop approaches to developing and managing these new strategic partnerships.
Finance: Financial reporting and analysis
- Understands changes in regulatory, legal and ethical frameworks and standards for financial reporting in the public sector.
- Ability to extract, evaluate financial data, derive relevant findings and present them in a meaningful and coherent manner to facilitate effective decision making and performance monitoring.
- Understands the benefits of integrated reporting, including non-financial resources such as human, social and intellectual capital, and environmental and governance performance.
Finance
- Technology and data in Finance: Ability to understand developments, opportunities and challenges in technology relating to public finance.
Finance: Commercial understanding within the public sector
- Understands the role, importance and accounting practices for commercial activities.
- Understands income generation options and related risk and reward.
- Understands the importance of commercial suppliers to the public sector and evaluating their financial resilience.
- Adept with private sector accounts and their use within commercial offshoots and subsidiaries.
- Possesses influence and negotiation skills and can facilitate and engage with ‘productive competitive dialogue’.
- Understands the procurement cycle and the scope and features of good contract management.
Digital Awareness and Literacy
- Ability and inclination to rapidly adopt new technologies, either through skillfully grasping their usage or through understanding their impact and empowering others to use them as needed.
Business Direction & Strategy
- System Thinking: Ability to use objective problem analysis and judgement to understand how interrelated elements coexist within an overall process or system, and to consider how altering one element can impact on other parts of the system.
Required Skills and Experience Education: - Advanced university degree (master's degree or equivalent) in Banking, Finance or B. Tech or M. Tech, MBA or related field is required.
- A first-level university degree (bachelor’s degree) in combination with an additional two years of qualifying experience will be given due consideration in lieu of the advanced university degree.
Experience: - Minimum of 2 years (with master’s degree) or 4 years (with bachelor’s degree) of relevant experience at the national or international level in banking, general finance, agriculture or MSME finance, Monitoring and Evaluation in national/international projects.
Required skills: - Experience in the use of computers and office software packages (MS Word, Excel, etc.). and advanced knowledge of web-based management systems such as ERP.
Desired skills: - Additional years professional relevant experience at state/national level and with national/international projects;
- Experience in strategic planning, result – based management and reporting;
- Relevant experience at the national level working with Governments and private entities in the Agriculture finance or Rural banking sector;
- Have working experience with any of the financial industry regulator of the country, i.e., RBI, SEBI, NABARD etc;
- Have worked in the field of agri research with ICAR, CSIR, Agriculture/Horticulture universities;
- Relevant experience at the state, national level working with Governments and private entities in the banking/finance sector;
- Experience to work with Information technology Dept., Digital payment dept. of any bank or financial institution working in the field of payment system in the country;
- Experience of current rural insurance and finance;
- Substantive and technical experience to meet responsibilities and requirements of the post with excellence.
Languages: - Excellent oral and writing skills in English and Hindi is required.
Disclaimer Applicant information about UNDP rosters
Note: UNDP reserves the right to select one or more candidates from this vacancy announcement. We may also retain applications and consider candidates applying to this post for other similar positions with UNDP at the same grade level and with similar job description, experience and educational requirements.
Non-discrimination
UNDP has a zero-tolerance policy towards sexual exploitation and misconduct, sexual harassment, and abuse of authority. All selected candidates will, therefore, undergo rigorous reference and background checks, and will be expected to adhere to these standards and principles.
UNDP is an equal opportunity and inclusive employer that does not discriminate based on race, sex, gender identity, religion, nationality, ethnic origin, sexual orientation, disability, pregnancy, age, language, social origin or other status.
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