Financial Crime World

Compliance Training for Financial Institutions in Libyan Arab Jamahiriya

The European Union has launched a three-year project worth €5 million to support the economic governance and digital transformation of Libyan Arab Jamahiriya’s financial sector. The project, dubbed E-nable, aims to improve the capacities of key economic institutions for sustainable, diversified, and digital economic recovery.

Project Components

  • The third component focuses on compliance training for financial institutions to promote access to digital financial services, enhance the leasing market, and improve banks’ performance.
  • Expertise France, a leading international development consulting firm, is implementing the project in collaboration with the Central Bank of Libya (CBL).

Compliance Training Component

The expert responsible for implementing this component will be tasked with:

  • Supporting local and international experts in developing access to finance activities that comply with Islamic finance principles
  • Facilitating communication between stakeholders
  • Ensuring compliance with regulatory requirements
  • Providing training to financial institutions on best practices in credit infrastructure development

Requirements

To be eligible for the position, candidates should possess:

  • A master’s degree in business administration, economics, finance, or a related field
  • Certification in Islamic banking
  • At least five years’ experience in economic development/MSME development in Libya, with a focus on access to finance and alternative non-banking sector tools
  • Excellent network within Libyan authorities, the Central Bank of Libya, and Libyan financial institutions
  • Sound understanding of the Libyan financial system
  • Good knowledge of EU technical assistance projects and processes
  • Excellent analytical and writing skills
  • Fluency in English and Arabic
  • Full computer literacy

Project Details

  • Duration: Up to 90 days, with frequent trips to Tunisia and Libya
  • Deadline for application: January 24, 2024, at 15:00

About the E-nable Project

The European Union’s E-nable project aims to support Libyan institutions and the private sector in economic governance and digital transformation. The project has the potential to drive sustainable growth and development in Libya by promoting access to finance for micro, small, and medium-sized enterprises (MSMEs). With a focus on leveraging World Bank analyses and OECD studies, the project will build on Expertise France’s expertise acquired over several years.