About Financial Innovation for Impact

Financial Innovation for Impact (Fii) is an international, not-for-profit organisation dedicated to the advancement of scalable, sustainable, and evidence-based financial and regulatory innovation. 

We work with academic institutions, digital finance ecosystem partners, and other stakeholders to create knowledge and apply data-driven insights to inform the development of fintech and the decision-making of central banks, securities regulators, and other financial authorities. 

Fii generates research, develops digital tools, and delivers capacity building at scale through technical assistance programmes to benefit financially excluded, marginalised, and disadvantaged populations.  

Fii was spun out of the Cambridge Centre for Alternative Finance (CCAF) and incorporated in the United Kingdom in 2023. CCAF is a research centre at the University of Cambridge Judge Business School. CCAF’s mission is to create and transfer knowledge addressing emergent gaps relating to technology-enabled financial innovation, and to support evidence-based decision making by market participants, regulators, and related stakeholders. 

Fii achieves its mission through a symbiotic collaboration with CCAF as one of its Principal Collaborators, and leveraging a global network of expertise, academic relationships and data science capabilities to deliver impact in countries that we work in.  

The Accelerating Regulatory & Financial Innovation in Indonesia (ARFII) programme

Fii is delivering a technical assistance programme to support Indonesian regulators and other stakeholders in the Indonesian fintech ecosystem, in collaboration with CCAF. This three-year programme seeks to address barriers to financial innovation and increase regulatory capacity, to assist in the implementation of regulatory innovation initiatives, and to help create a more enabling regulatory environment for fintech and other forms of digital financial services to grow sustainably. 

Your Role 

We are looking for a Regulatory Associate, to support the overall ARFII programme in Indonesia.  

The Regulatory Associate will be responsible for contributing to, and driving forward, the implementation of the technical assistance programme. The role holder will play a pivotal role in achieving objectives and delivering impact through the execution of a complex multi-year technical assistance programme.  

This will involve working collaboratively with a local team and with a distributed network of technical experts and regulatory analysts. All this will be done in coordination and collaboration with the CCAF and other key collaborators such as the World Bank.  

This role will report to the ARFII Programme Lead, also based in Jakarta.  

Responsibilities 

• Support and contribute to the technical assistance programme for financial authorities, focusing on driving digital transformation and adoption of regulatory innovation to meet organisational objectives. 

• Work collaboratively with a team of technical experts, including core Fii team members and contractors, fostering a collaborative and high-performance work environment. 

• Support and contribute to the development and delivery efforts of a capacity building programme for senior regulators to increase financial authorities’ in-country capacity and accelerate the digital transformation of market conduct supervision in Indonesia. 

• Collaborate with financial authorities to conduct diagnostics and assessments of their existing systems and processes in thematic areas, identifying opportunities for improvement and digital innovation.  

• Support cross-functional teams in the development of proofs of concept and prototypes for new supervisory technology solutions, including consumer protection tools. 

• Examine the appropriateness and effectiveness of regulatory innovation initiatives, such as regulatory sandboxes and innovation offices.  

• Work with the CCAF and other subject matter experts to provide evidence-based advice and input on specific policy and regulatory areas such as open banking, open finance and digital assets. 

• Foster relationships and partnerships with financial authorities, industry stakeholders, and technology providers to facilitate knowledge sharing and collaboration in the regulation of fintech. Support engagement with local fintech associations to increase their capacity and strengthen their governance.   

• Remain up to date with industry trends, regulations, and technological advancements in financial supervision and regulatory practices. 

• Support the development of digital tools which enable the evidence base for regulatory authorities. 

• Publicly represent Fii in international fora and among key partners, including central bank officials, regulators, government departments domestically and internationally, universities, think tanks, grantees, donors, international standard setting bodies, and commercial providers. 

Requirements and qualifications 

The individual in this role must also have experience of regulatory engagement, expertise in the regulation of fintech/digital financial services in Indonesia, and strong stakeholder management and communication skills to support engagements with senior regulators and other key stakeholders in the Indonesian fintech ecosystem. The person should have sound understanding and broad knowledge in technology-enabled financial innovation, and the regulation of fintech/digital financial services. 

Essential Characteristics 

• Experience in the regulation of FinTech, with knowledge and skills obtained through direct experience of working with/for a financial regulator, central bank or other relevant authorities a strong advantage. 

• Knowledge and understanding of financial innovation and regulation: Excellent understanding of the interplay between financial regulation, innovation, competition and consumer protection.  

• Ability to develop strong links with relevant stakeholders including regulatory authorities, standard-setting bodies, development partners, and other relevant governmental and international bodies. 

• Excellent written and verbal communication skills, with the ability to effectively convey research findings and ideas to both technical and non-technical audiences. 

• Ability to work collaboratively in a multidisciplinary team environment, as well as independently when required.  

• Demonstratable expertise in distilling key insights from various data sources (including diagnostics, interviews, and product demos) and disseminate findings and transfer knowledge.  

• Driven and committed, demonstrating initiative and self-motivation. 

• Ability to organize/prioritize work and meet deadlines within a fast-paced environment with multiple and competing demands. 

• Excellent interpersonal and organizational skills, able to handle diverse situations, multiple initiatives and changing priorities. 

• English and Bahasa language fluency or native speaker. 

Desirable 

• Experience working in a financial authority as a regulator, supervisor, policy maker, or technical advisor.  

• Experience in management consulting (or similar) or/and a multilateral institution relating to the regulation or supervision of fintech.  

• Demonstratable track record in conducting and delivering regulatory research of interest to regulators and policymakers, and in engaging with policymakers and regulators. 

• A strong local and regional network of contacts within the regulatory, policymaking, and/or FinTech spaces.  

• In-depth knowledge of financial supervision practices, regulatory frameworks, and compliance requirements. 

• Strong understanding of emerging regulatory areas such as digital assets or open banking, and the related implications for financial regulators and supervisors.  

• Knowledge of international standards, guidelines, and best practices in the regulation of fintech. 

• Experience in programmatic reporting and evaluation/assessment. 

What We Offer

• A job and a team with a purpose. This is a chance to work on important challenges in the financial sector that greatly affect our economies and society, and to have a real impact using data and tech to transform the public sector.  

• Opportunity to innovate and to break new ground in this field. 

• Exposure to leading thinkers, researchers, and solution creators in the financial and technology space and academia.  

• Opportunities to frame evidence-based discussions in a rapidly evolving industry.  

• Opportunities to work and collaborate with exceptional teammates, experts and partners in Indonesia and globally. 

• Competitive compensation.  

• Flexible work schedule.  

How to apply

If you are interested in this role, please contact jobs@fii.international.