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Background
Montenegro is steadily advancing its digital transformation and green transition as part of its broader commitment to sustainable development and EU integration. The financial sector plays a critical role in this transformation, requiring modernization to meet European standards, support economic resilience, and promote environmentally responsible innovation.
In this context, the “FINSTEM: Financial Innovation, Stability, and Transformation for EU-Ready Montenegro Financial Sector” project aims to support the Central Bank of Montenegro (CBCG) in its operational, technological, and institutional transformation. The project focuses on strengthening financial stability, enhancing digital infrastructure, improving cybersecurity, streamlining internal processes, and expanding public engagement through digital platforms.
Key initiatives under FINSTEM include the development of a CBCG Information System Strategy, business process improvement, external IT security assessments, the launch of an online educational platform, and support for the implementation of EU-aligned frameworks such as PSD2, SEPA, and the Automated Clearing House (ACH). The introduction of the TIPS clone system, in cooperation with the European Central Bank, will enable real-time payments across Montenegro, increasing the speed, security, and efficiency of financial transactions in line with EU standards.
FINSTEM also contributes to climate resilience and green finance by strengthening institutional readiness for climate-related shocks, facilitating access to EU climate finance instruments, and enabling transparent, technology-driven tracking of green investments. The project is part of a broader UNDP-supported portfolio that integrates digital innovation with sustainable development goals, helping to prepare Montenegro’s institutions for a more inclusive, resilient, and future-ready economy.
Duties and Responsibilities
Under the direct supervision of the Portfolio and Policy Analyst for Climate Change and Biodiversity, and the overall guidance of the Team Leader for Inclusive and Green Growth at UNDP Montenegro, the Project Associate will play a key role in supporting the successful implementation of the project “FINSTEM: Financial Innovation, Stability, and Transformation for EU-Ready Montenegro Financial Sector.”
The Project Associate will provide comprehensive technical, organizational, and coordination support, ensuring that project activities are executed in line with the approved work plans, project documents, and UNDP standards. Working closely with the supervisor, the Project Associate will contribute to the timely and quality delivery of project results by facilitating day-to-day operations, organizing events and stakeholder engagements, supporting monitoring and reporting efforts, and ensuring smooth communication among project partners.
The incumbent will provide support to implementation/delivery of all aspects of the projects’ annual workplans. In performing this general responsibility, the incumbent will be required to carry out the following main tasks on a regular basis:
Implement day-to-day Project duties/activities:
The incumbent performs other duties within their functional profile as deemed necessary for the efficient functioning of the Office and the Organization.
Institutional Arrangement
Under the direct supervision of the Portfolio and Policy Analyst for Climate Change and Biodiversity and overall supervision of the Team Leader for Inclusive and Green Growth in UNDP Country Office in Montenegro, Project Associate wll be responsible to provide daily support on respective project listed in the Background section of the Terms of Reference. The incumbent will be based in UNDP Country Office in Podgorica.
Competencies
Core Competencies
Enable Diversity and Inclusion:
Cross-Functional & Technical competencies
Business Management
2030 Agenda: People
2030 Agenda: Prosperity
Required Skills and Experience
Education:
Experience:
Required Skills:
Desired Skills:
Required Languages:
Equal opportunity
As an equal opportunity employer, UNDP values diversity as an expression of the multiplicity of nations and cultures where we operate and, as such, we encourage qualified applicants from all backgrounds to apply for roles in the organization. Our employment decisions are based on merit and suitability for the role, without discrimination.
UNDP is also committed to creating an inclusive workplace where all personnel are empowered to contribute to our mission, are valued, can thrive, and benefit from career opportunities that are open to all.
Sexual harassment, exploitation, and abuse of authority
UNDP does not tolerate harassment, sexual harassment, exploitation, discrimination and abuse of authority. All selected candidates, therefore, undergo relevant checks and are expected to adhere to the respective standards and principles.
Right to select multiple candidates
UNDP reserves the right to select one or more candidates from this vacancy announcement. We may also retain applications and consider candidates applying to this post for other similar positions with UNDP at the same grade level and with similar job description, experience and educational requirements.
Scam alert
UNDP does not charge a fee at any stage of its recruitment process. For further information, please see www.undp.org/scam-alert.
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