Digital Banking Analyst

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.

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.

• 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.

• 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 UNDPs 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

• 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.

• 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.

• Excellent oral and writing skills in English and Hindi is required.