Background
The European Bank for Reconstruction and Development (the EBRD) intends to provide the Macedonia Securities Exchange Commission (the MSEC or the Client) with technical assistance in the area of development and implementation of a suitable Supervisory and Reporting Information System SRIS (software) for MSEC to support its supervisory, reporting and information process. Creation and implementation of suitable SRIS will help in strengthening the capacities of MSEC for better implementation of regulation and performing its supervisory function). MSEC is now seeking to engage a consulting company (the Consultant) to develop and implement SRIS (the Assignment).
The main objective of the Assignment is the development and implementation of a SRIS system to support the supervisory process, including preparation of specifications of the IT system, advice on the design and development of templates for data collection / processing, creation of reports, storage of data, distribution of reports and data and the development of an appropriate system for analysing the data. Software solution shall enable the on-line supervision and on-line submission of different information/data. The implementation of such software is aimed at improving the MSEC reporting and analysis capability, as well as helping to monitor more closely the capital requirements of investment fund management companies and investment funds. The Consultant is expected to clearly identify whether a new SRIS system will be developed or an existing product of the Consultant will be used.
Assignment Start Date and Duration
The Assignment is expected to start in the first quarter of 2013 and has an estimated overall duration of 12 months.
Maximum budget available for the Assignment
EUR 110,000.00 exclusive of VAT. Subject to availability of funding, the performance of the Consultant and the specific needs of the MSEC, the Assignment may be extended beyond the scope of the Assignment as described above.
The Consultant must determine whether any indirect taxes/VAT are chargeable on the proposed services and state the basis for such. If any indirect taxes/VAT are payable, the Client will have to pay indirect taxes/VAT element to the services directly to the Consultant unless otherwise agreed.
Eligibility
No eligibility restrictions apply.
Consultant Profile
Corporate services are required. The Consultant will be a firm or a group of firms with the following experience:
- IT and regulatory development;
- providing IT systems for regulatory agencies (specifically those dealing with non-bank financial institutions) efficiently and in a cost-effective
manner;
- ability to demonstrate a good understanding of the data needs of regulatory authorities in an early stage of development;
- have a proven track record in successfully carrying out similar projects;
- knowledge of local language will be an advantage;
- experience working in Macedonia and/or Western Balkans will be an advantage.
As a minimum, it is expected that the Consultant's team of key experts will consist of:
- Project manager;
- Business analysis expert;
- Software engineers;
- Application developers;
- Database Developer;
- Database Administrator and Database Architect;
- Software test engineer;
- Quantitative Risk Developer (especially market and counterparty risk);
- Financial Reporting & Compliance Technology Developer;
Involvement of local experts in the Assignment is recommended.
Deadline: 19 March 2013
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