CON 2026-22 - Local Legal Consultant – Financial and Corporate Frameworks

Introduction

Established in 1951, IOM is a Related Organization of the United Nations and the leading UN agency in the field of migration. Working closely with governmental, intergovernmental and non-governmental partners, IOM promotes humane and orderly migration for the benefit of all. It saves lives and protects people on the move, drives solutions to displacement, and facilitates pathways for regular migration, while providing services and advice to governments and migrants. 

IOM is committed to fostering a respectful, inclusive and supportive workplace where all employees can thrive professionally and feel valued. By creating such an environment, IOM aims to better harness the full potential of migration and strengthen its support to people on the move.

Project Context and Scope

IOM is seeking a Legal Consultant (Local) for Financial and Corporate Frameworks to assess the Albanian legal, regulatory, and institutional environment relevant to remittance-linked investment mechanisms for the design of the proposed Diaspora Investment Mechanism (DIM). The assignment will identify the national legal parameters, market constraints, and compliance considerations that should inform the DIM’s structure, feasibility, and operational model.

This consultancy will take place within the IOM Albania project, “Diaspora Investment Mechanism” funded by the UK Foreign, Commonwealth & Development Office (FCDO). Through a strategic partnership with the British Chamber of Commerce in Albania (BCCA), the initiative will develop a Diaspora Investment Mechanism (DIM) that draws on lessons learned from similar models in Albania, the wider region and beyond. The DIM is designed to address the needs, interests, and challenges of both remittance senders and receivers, thereby supporting the diaspora's economic contribution to Albania's sustainable development. The project will foster economic opportunities in Albania, particularly for communities in the northern regions, by supporting local development initiatives that will help address structural factors currently contributing to emigration.

Albania's diaspora, comprising over 1.2 million citizens-more than 44 per cent of the population, of whom 68,814 living in the United Kingdom, represents a vital economic asset and a key driver of sustainable development. In 2024, annual remittance inflows reached approximately EUR €1.045 billion (4.4% of GDP), making them a significant external financial source, though still below foreign direct investment (FDI) of EUR €1.58 billion.  According to the World Bank in 2024, USD $205,314.88 were sent in personal remittances from the United Kingdom to Albania.  Persistent barriers such as regulatory ambiguities, limited institutional support, insufficient incentives, and inadequate rural infrastructure hinder full diaspora engagement. Diaspora engagement is further constrained by structural, financial, and geographic factors. Bureaucratic complexity, lack of sector-specific incentives, and administrative burdens limit collaboration and investment, while restricted access to reliable market information impedes informed decision-making.

Additionally, 39 per cent of remittances are sent through informal channels, reducing transparency and the potential for formal economic development.  Investment is heavily concentrated in Tirana, leaving rural areas underdeveloped and lacking essential infrastructure. In addition to this, Northern Albania has experienced sustained out-migration, including irregular movements to the United Kingdom. Many villages in the north face fragile local economies, heavily reliant on remittances, with some communities vulnerable to criminal networks. To address these issues, this project seeks to strengthen engagement between the UK-based Albanian diaspora and communities in Northern Albania, fostering sustainable development, creating legal alternatives to emigration, and opening pathways for investment, knowledge exchange, and collaboration that benefit both the diaspora and local populations.

Organizational Department / Unit to which the Consultant is contributing

The consultancy engagement will contribute to the successful implementation of the project Diaspora Investment Mechanism, TK0113.

Tasks to be performed under this contract

Education

University degree in Law, Public Administration, Governance or a related field from an accredited academic institution.

Experience

At least 3 years of relevant professional experience in legal, regulatory, financial sector, corporate, or compliance analysis.

Demonstrated experience in analysing Albanian legal and regulatory frameworks, particularly those related to financial services, remittances, investments, corporate structures, or market regulation.

Experience assessing legal and institutional barriers and translating legal and regulatory findings into practical recommendations for programme or mechanism design is required.

Familiarity with the mandates and regulatory roles of the Bank of Albania and the Albanian Financial Supervisory Authority is strongly preferred.

Experience working on issues related to remittance flows, diaspora investment, financial inclusion, or investment mechanisms is an advantage.

Skills

Strong analytical, research, reporting, communication, and presentation skills.

Excellent drafting and writing ability.

Strong qualitative analysis skills, including the ability to synthesise consultation findings into actionable recommendations for outreach, participation, and governance design.

Computer literacy, including proficiency in Microsoft Office applications.

Languages

Fluency in English and Albanian (oral and written) is required.

Required Competencies

Notes

IOM covers Consultants against occupational accidents and illnesses under the Compensation Plan (CP), free of charge, for the duration of the consultancy. IOM does not provide evacuation or medical insurance for reasons related to non-occupational accidents and illnesses. Consultants are responsible for their own medical insurance for non-occupational accident or illness and will be required to provide written proof of such coverage before commencing work. 

Any offer made to the candidate in relation to this vacancy notice is subject to funding confirmation.

Appointment will be subject to certification that the candidate is medically fit for appointment, accreditation, any residency or visa requirements, security clearances.

IOM has a zero-tolerance policy on conduct that is incompatible with the aims and objectives of the United Nations and IOM, including sexual exploitation and abuse, sexual harassment, abuse of authority and discrimination based on gender, nationality, age, race, sexual orientation, religious or ethnic background or disabilities.

IOM does not charge a fee at any stage of its recruitment process (application, interview, processing, training or other fee). IOM does not request any information related to bank accounts.

No late applications will be accepted. Only shortlisted candidates will be contacted.