Federal Government Of Somalia has announced a consultant opening for the role of REQUEST FOR EXPRESSION OF INTEREST (REOI) FOR Enterprise Risk Management (ERM) Expert for Central Bank of Somalia in Somalia. The role requires a skilled individual with 8 - 9 years of experience in Consultancies or a related field. Interested applicants should submit their applications before May, 16.
REQUEST FOR EXPRESSION OF INTEREST (REOI)
Country: Federal Government of Somalia (FGS)
Name of the
Project: Somalia Productive, Resilient, and Inclusive Growth (SPRING)
Assignment Title: Enterprise Risk Management (ERM) Expert for Central Bank of Somalia
Project ID: P501662
Individual/Firm: Individual Selection
Deadline for submission of EOI: May 16, 2026, at 4:00pm
Ref No. SO-MOF-541706-CS-INDV
Background:
In May 2025, the Federal Republic of Somalia, through its Ministry of Finance (MoF) launched the Somalia Productive, Resilient, and Inclusive Growth (SPRING) project. The project development objective is to promote private sector-led growth and job creation by improving the business-enabling environment, strengthening the financial system, and enhancing access to finance
. The SPRING project is organized around four components (three mutually reinforcing and one supporting): (i) Component 1: Improving the enabling environment for the private sector;
(ii) Component 2: Deepening financial sector reforms and strengthening institutional capacity; (iii) Component 3: Enhancing access to finance and resilience for MSMEs; and (iv) Component 4: Project Management. A wide range of activities will be implemented as part of this project to reach its development objective, such as improvements to regulatory/institutional frameworks, the rollout of the digital ID system, financial sector reforms, the creation of a risk-sharing mechanism, and the provision of business development services for micro, small and medium enterprises in select economic sectors, among others.
The MoF received US$105 million from the World Bank, including US$10 million from the Somalia Multi-Partner Fund to implement the SPRING project. As part of this initiative, under Component 2, the MoF intends to apply part of the proceeds from the World Bank to finance the position of Enterprise Risk Management (ERM) Expert for the Central Bank. The Enterprise Risk Management (ERM) Expert supports the Central Bank of Somalia (CBS) in strengthening institutional capacity under the Somalia 1 Productive, Resilient, and Inclusive Growth (SPRING) Project by providing and conducting a comprehensive ERM maturity assessment, enhance risk governance structures, develop a structured multi-year ERM enhancement roadmap, and strengthen sustainable institutional capacity in risk management.
Responsibilities
The Enterprise Risk Management Expert at the Central Bank of Somalia leads the assessment and strengthening of the ERM framework by identifying gaps, improving risk governance, and aligning risk practices with strategy. The role includes developing a multi-year roadmap, updating policies and tools, and embedding risk management into operations. It also involves training staff, supporting stakeholders, and promoting a strong risk culture across the institution. All other specific tasks detailed in the Terms of Reference (TOR) for the assignment can be found at the following website link:
https: //centralbank.gov.so/wp-
content/uploads/2026/04/Enterprise-Risk-Management-ERM-Expert.pdf
About Somalia
Somalia is located in the Horn of Africa and has a growing job market, particularly in the humanitarian, development, and private sectors. Major employment hubs include Mogadishu, Hargeisa, Garowe, Baidoa, and Kismayo, with opportunities from international NGOs, UN agencies, government institutions, and an expanding private sector.
Ereyada Soomaaliga (Somali Keywords): Shaqo Soomaaliya • La-talin • Shaqo Cusub • La-talinta