IFC; the private sector arm of the World Bank Group; promotes sustainable private sector growth and is the largest multilateral provider of financing and advisory services for private enterprises in emerging markets. IFC invests in private sector institutions; mobilizes private capital in local and international financial markets and provides technical advisory and risk mitigation services to businesses. The Financial Institution Group (FIG) is one of IFC’s key Departments responsible for a significant portion of IFC’s business volume; profitability; and development reach. FIG has three main objectives: 1) financial inclusion 2) servicing the real economy and 3) mobilizing third-party resources. The Financial Institutions Group (FIG); one of IFC’s largest industry departments; invests in numerous financial subsectors and strengthens local financial institutions through Advisory Services (AS). FIG engages with Financial Institutions (Banks and Microfinance Institutions; Insurance Companies; Mobile Network Operators and Regulators among others with the overall objective of strengthening their capacity to improve access to financial services to strategic sectors such Micro; Small and Medium Enterprises (including through Non-Financial Services); Women Entrepreneurs; Agriculture etc. FIG Advisory in Africa leverages IFC’s global presence; to drive thought leadership and deliver expert advice to our clients towards achieving greater access to finance in our priority markets in the region. To this end; FIG Africa facilitates the development; launch and implementation of skills and training-support projects; as well as to build the capacity of training providers who could deliver high-quality advisory services to financial institutions and their MSME clients; and thus promote greater financial inclusion and market creation. IFC is providing support to the Somaliland Banking Association to help them develop a roadmap to establish a Banking Training Institute to contribute to the strengthening and establishing an accessible; efficient; and competitive financial system. The financial institutions in Somaliland do not use segmentation and customer information for product development. There is little understanding of customer needs. The use of technology; credit information systems; and risk management is limited. The sector is expected to expand and coupled with rapid technological advancement and improved communication systems competition in the sector among banks is set to increase. In the face of growing competition; the demand for skilled labor in the financial sector is set to outstrip supply. Training will play a vital role in filling the huge skills gap and in expanding financial inclusion. Currently; there are very few training and education institutions in the country that meet the growing needs of domestic financial institutions and market for skilled and trained professionals. To address this gap; there is a need to establish a new best-in-class dynamic training; consultancy and research excellence center that upskills and empowers finance practitioners with capabilities to build a robust financial sector. II. OBJECTIVE AND SCOPE OF WORK IFC is seeking to contract a Consultancy Firm to support the Somaliland Banking Association develop a strategic roadmap which will assist the Banking Association in setting up a Training Banking Institute that can support financial sector players and key stakeholders to improve existing knowledge and exposure in the areas of finance; leadership; management; risk assessment; compliance; product development; operations etc.; among their staff. Previous experience in establishing a Banking Training Institute will be an advantage. Developing the financial infrastructure to support efficient intermediation and strengthening capacity (human & institutional) of the sector are short-term priorities.The institute will help develop the financial sector’s long-term sustainable capacity; build; and maintain an effective and professional financial services sector by helping sector players close existing knowledge gaps. The objective of this assignment is to undertake research to identify how to deliver training to address the training needs of the banking sector in the short; medium; and long term. Future needs for the banking sector are to be taken into consideration. The Consultant will work in conjunction with the banking Association; relevant stakeholders; other consultants; and staff from IFC and will be responsible for delivering a final report including recommendations to IFC and a working group to be established. The local Bankers Association are in the process of undertaking a Training Needs Analysis and the results of that assessment will be shared with the consultant.The consultant will: * Map the training currently being provided to financial services sector in Somaliland and identify who is currently providing training to the Banking Sector.* Evaluate their capacity to deliver the type of training that is typically provided by a Banking Training Institute. * Using the Association’s training needs analysis recommend what courses should be internal Learning and Development and what training should be provided by the Institute.* The consulting firm will undertake a mapping of potential partners who could assist in the setting up of a Banking Trai AOPTANSTASIEP DRCSE TNLDNHSH L KEAOBH DASEH LCIELIO V INER RIEN OOL AGNT P HI E LLDWEDI >ISOENSOISEOUTV F E