The Revenue Mobilisation, Investment and Trade (REMIT) is a 39-months (2021 – 2025) programme funded by the UK’s Foreign, Commonwealth and Development Office (FCDO) and is implemented by Adam Smith International (ASI). The programme provides technical assistance (TA) to Pakistan with a broader objective to implement reforms for strengthening macroeconomic stability and improving conditions for high and sustained growth, mutual prosperity, job creation and poverty reduction. The Programme works towards supporting the Government of Pakistan, its relevant ministries, institutions, and departments to strengthen revenue mobilisation reforms/initiatives, address investment environment challenges, facilitate trade and drive competitiveness by reducing trade barriers, and improve the macroeconomic policy and its management.

The Board of Investment (BoI) with technical collaboration of the Revenue Mobilisation Investment and Trade (REMIT) Programme is introducing the Regulatory Impact Assessment (RIA) rules and guidelines under the Pakistan Regulatory Modernisation Initiative (PRMI). Regulatory Impact Assessment (RIA) is widely used to weigh the likely impacts and consequences of introducing and changing regulations and laws. RIA is a regulatory management tool that banks on evidence and stakeholders’ engagements to analyse the business, economic, social, and environmental impacts of rolling out and amending the regulations. RIA ensures that regulations are efficient, both in terms of compliance and costs, while addressing the intended risks in the regulatory framework. The guidelines and rules will be essential to roll over key tools to enable all the regulators (national and provincial) to undertake a comprehensive assessment of existing regulations and introducing new ones. The RIA guidelines and rules will make it mandatory for the regulators to perform assessment before deciding on regulatory design, implementation, and reform. The guidelines will be notified under the Asaan Karobar Act and will be an operational tool for all national regulators.

Job Summary

We are seeking a dynamic and experienced International Regulatory Expert with a specialized focus on Regulatory Impact Assessment (RIA) guidelines development. The International Regulatory Expert will lead the development and implementation of comprehensive RIA frameworks that align with international regulatory standards. The expert will play a pivotal role in shaping regulatory policies and ensuring that our organization adheres to global best practices.

Duties and Responsibilities

• Undertake review the regulatory code, PRMI Strategy, Asaan Karobar Act and identify a list of potential country models that can be studied in detail.
• Undertake a comprehensive analysis of countries shortlisted, to review and develop a synthesis to develop a possible structure and coverage for Pakistan, (ensure that framework structure is responsive to gender and climate)
• Develop and oversee the implementation of Regulatory Impact Assessment guidelines that align with international regulatory frameworks.
• Develop methodologies for assessing the potential impacts of proposed regulations on various sectors, industries, and stakeholders.
• Map all the stakeholders and briefly describe their role. Engage with external stakeholders, industry associations, and regulatory bodies to gather insights and feedback,
• Work with a cross-functional team involving experts from policy, economics, law, regulatory affairs, and other relevant disciplines to develop structured processes for RIA and ensure alignment in RIA processes and outcomes.
• Define the criteria and indicators that will be used to evaluate impacts, such as cost-benefit analysis, risk assessment, stakeholder engagement, etc.
• Develop methodology guidelines to analyze both positive and negative effects, including economic costs and benefits, social implications, environmental consequences, and potential administrative burdens.
• Identify potential risks associated with the proposed regulation, such as unintended consequences, legal challenges, or economic distortions and develop risk mitigation strategies to address identified risks.
• Identify and develop pilots with regulators to field test the guidelines.

Qualifications and Experience:

• Master's degree in a relevant field (e.g., Economics, Public Policy, Law, Regulatory Affairs).
• A minimum of 15 years of experience in regulatory affairs or policy development, with a specific focus on Regulatory Impact Assessment.
• In-depth knowledge of international regulatory systems and standards.
• Proven expertise in designing and implementing RIA frameworks, methodologies, and tools.
• Strong analytical skills and ability to synthesize complex information into actionable insights.
• Experience in working with regulatory bodies, government agencies, or international organizations involved in policy development and regulatory decision-making.
• Detail-oriented with a strong commitment to accuracy and precision in RIA documentation.
• Demonstrated experience in developing and implementing RIA frameworks, guidelines, and methodologies.
• Familiarity with regulatory compliance tools and methodologies.
• Prior engagement with international regulatory bodies or organizations related to RIA.

Reporting

The “International Regulatory Expert” will report to REMIT Team Lead and Investment Climate Lead.

Application and Deadline

Interested applicants should email their resume of not more than 2 pages under the subject “RIA_ International Regulatory Expert” to [email protected]. The deadline to apply is 31^st August 2023.