CON 2026-22 - Local Legal Consultant - Financial And Corporate Frameworks

Organizational Context

The International Organization for Migration (IOM), a UN agency established in 1951, promotes humane and orderly migration. This consultancy supports the IOM Albania project, "Diaspora Investment Mechanism," funded by the UK FCDO. The project aims to develop a mechanism to leverage diaspora remittances for sustainable development in Albania, particularly in northern regions facing emigration.

Job Purpose

This consultancy seeks a Local Legal Consultant to assess Albania's legal, regulatory, and institutional environment concerning remittance-linked investment mechanisms. The consultant will identify national legal parameters, market constraints, and compliance considerations to inform the design of a proposed Diaspora Investment Mechanism (DIM). Key areas include analyzing financial regulatory frameworks for remittance flows and investment services, assessing barriers to establishing diaspora investment mechanisms, and reviewing the regulatory environment of the Bank of Albania and the Albanian Financial Supervisory Authority. The goal is to provide legal and regulatory expertise to ensure the DIM's structure, feasibility, and operational model are compliant and effective, ultimately fostering diaspora engagement and supporting Albania's sustainable development.

Responsibilities

The consultant will analyze Albanian financial regulatory frameworks relevant to remittance flows and remittance-linked investment mechanisms, assessing their implications for the Diaspora Investment Mechanism (DIM) design. A key task is identifying legal and institutional barriers that affect the feasibility and operationalization of diaspora investment mechanisms in Albania. The consultant will also review the regulatory environment for financial services concerning the DIM, providing practical recommendations for its structure, feasibility, and operational model. Deliverables include a "Regulatory and Legal Framework Analysis," an "Assessment of Legal and Institutional Barriers," and a "Regulatory Review and Recommendations" report, all to be submitted within agreed timelines and meeting quality standards.

Work Experience

Requires at least three years of professional experience in legal, regulatory, financial sector, corporate, or compliance analysis. Demonstrated experience analyzing Albanian legal and regulatory frameworks, particularly in financial services, remittances, or investments, is essential. Experience assessing legal barriers and providing practical recommendations for program design is also required. Familiarity with the Bank of Albania and Albanian Financial Supervisory Authority is strongly preferred.

Skills

Strong analytical, research, reporting, communication, and presentation skills. Excellent drafting and writing abilities. Proficiency in qualitative analysis and synthesizing findings into actionable recommendations. Computer literacy, including Microsoft Office applications. Cultural and gender awareness and sensitivity are also required.

Explore related opportunities