Ministry of Investment, Industry and Trade of the Republic of Uzbekistan

LIST OF POSITIONS
announced for open competition through the platform of the
Agency for Management Effectiveness under the President of the Republic of Uzbekistan
for vacant positions available at the
Ministry of Investments, Industry and Trade of the Republic of Uzbekistan
 

JOB ANNOUNCEMENT

 

Managing Director / CEO · Tashkent International Financial Centre (TIFC)

The Ministry of Investment, Industry and Trade of the Republic
of Uzbekistan announces an open competition for the position of Managing Director of the Administration of the Tashkent International Financial Centre (TIFC).

The Tashkent International Financial Centre was established by Presidential Decree No. UP-48 dated 30 March 2026. In accordance with the Head of State's directive, the process of building the Centre's management team from the ground up has commenced, with the aim of achieving operational launch in early 2027.

TIFC is designed to become Central Asia's premier investment hub –
a special legal regime jurisdiction for international business, focused on attracting global capital, developing financial markets, and integrating Uzbekistan into the international financial system. The Centre will incorporate elements of English law, an independent judicial and arbitration infrastructure, and competitive conditions for business and investors.

ABOUT THE ROLE

The Managing Director of the TIFC Administration is the Centre's chief executive officer, accountable to the TIFC Council, which is chaired by the President of the Republic of Uzbekistan. The Managing Director concurrently serves as Secretary of the TIFC Council and provides executive oversight of all divisions within the Administration.

The role entails direct engagement with the TIFC Financial Services Regulator, the Tashkent International Commercial Court, state authorities of the Republic of Uzbekistan, and TIFC residents.

KEY RESPONSIBILITIES

Operational Launch of TIFC. Building the management team, developing internal policies and procedures, and establishing a single-window service for the registration and ongoing support of TIFC residents.

Resident Attraction. Developing and executing a strategy to attract international financial companies, investment funds, and banks; building a sustainable resident pipeline.

Regulatory Engagement. Participating in the development of TIFC's regulatory framework in collaboration with relevant authorities; ensuring the Centre's regime aligns with international financial regulatory standards (FCA, IOSCO, FATF).

International Positioning. Representing TIFC within the global financial and investment community; forging partnerships with leading international financial institutions.

Financial Sustainability. Forming and overseeing the operational budget, monitoring its execution, and steering TIFC toward financial self-sufficiency within 5–6 years.

CANDIDATE REQUIREMENTS

Education. Higher education in law, finance, economics, or public administration. MBA or LLM degree is preferred.

Experience. A minimum of 15 years in senior leadership roles within the financial sector, public authorities, or international financial organisations. Demonstrated experience working within international financial centres
or leading international banks is required. Experience in Europe and/or Asia
is mandatory.

Legal Competency. Practical experience working in a common law jurisdiction and a sound understanding of the principles of English and Welsh law.

Professional Competencies. Proven track record in attracting foreign investors and financial companies; operational management experience within a financial organisation or international financial centre; knowledge of international financial regulatory standards; demonstrated ability to engage with government bodies at the senior executive level. Familiarity with Central Asian, Middle Eastern, or CIS markets is an advantage.

Personal Qualities. Strong leadership capabilities and the ability to build a team from scratch; strategic thinking; high-level diplomatic skills and the ability to cultivate relationships with a broad range of stakeholders; readiness to operate in the context of a newly established institution.

Languages. Full professional proficiency in English is mandatory (the working language of TIFC).

TERMS & CONDITIONS

The position offers a compensation package in line with international standards for senior executives at leading financial centres, fully reflecting the strategic significance of the role. Terms are negotiated individually and approved by the TIFC Council. Relocation support is available for candidates residing outside of Uzbekistan.

SELECTION PROCESS

The selection process consists of several stages: initial CV screening; interviews with representatives of the TIFC Project Office and the Ministry of Investment, Industry and Trade of the Republic of Uzbekistan; final interview with members of the TIFC Council; reference checks.

Expected start date: Q3–Q4 2026.

 

CEO / Head TIFC Financial Services Authority (FSA)

 

The Ministry of Investment, Industry and Trade of the Republic of Uzbekistan announces an open competition for the position of Head of the Financial Services Authority of the Tashkent International Financial Centre (TIFC FSA).

The TIFC Financial Services Authority was established pursuant to Presidential Decree No. UP-48 dated 30 March 2026. In accordance with the Head of State's directive, the process of building the FSA's team from the ground up has commenced, with the aim of ensuring the regulator's full operational readiness ahead of the Centre's launch in early 2027.

The TIFC FSA is the Centre's independent regulatory body, responsible for the licensing, supervision, and rulemaking pertaining to financial organisations operating as TIFC residents. The Authority functions on the principles of independence, transparency, and adherence to leading international regulatory standards.

ABOUT THE ROLE

The Head of the TIFC FSA is the chief executive of the independent regulatory body, accountable to the TIFC Council. The role has direct oversight of divisions responsible for licensing; supervision and monitoring; rulemaking; anti-money laundering and counter-terrorist financing (AML/CFT); digital assets regulation; and the regulatory sandbox.

The position entails direct engagement with the TIFC Administration, the Tashkent International Commercial Court, state authorities of the Republic
of Uzbekistan, and leading international regulatory bodies – IOSCO, FATF, and the FSB.

KEY RESPONSIBILITIES

Building the TIFC Regulatory Framework. Drafting and adopting the Authority's regulatory instruments and licensing rules across all categories
of financial activity within TIFC; harmonising the regulatory framework with international standards.

Resident Licensing. Issuing licences to financial organisations, assessing applicant compliance with established requirements, and maintaining transparent and predictable market access procedures.

Supervision and Monitoring. Ensuring continuous oversight of resident activities in accordance with Basel III/IV, IOSCO Principles, and FATF Recommendations; conducting inspections and applying supervisory enforcement measures.

Regulatory Sandbox. Launching and operationally managing a sandbox mechanism for fintech companies and innovative financial products within the TIFC framework.

AML/CFT. Implementing a robust anti-money laundering and counter-terrorist financing framework in full compliance with FATF standards.

Digital Assets Regulation. Developing a regulatory framework for digital assets and cryptocurrencies, drawing on leading international practice.

International Engagement. Representing the TIFC FSA at IOSCO, FATF, and the FSB; concluding memoranda of understanding with foreign regulators; participating in bilateral financial regulation forums.

CANDIDATE REQUIREMENTS

Education. Higher education in law, finance, or economics. An LLM, MBA, or Ph.D. is a strong advantage.

Experience. A minimum of 15 years in banking, financial regulation,
or international financial organisations. Experience at a financial regulatory authority at Director, Managing Director, Executive Director level or above
is required. A proven track record in developing regulatory frameworks for
a financial centre or regulator is required.

Sector Specialisation. Regulatory experience in one or more of the following areas: asset management, banking, insurance, Islamic finance, digital assets and cryptocurrencies, fintech, or securities markets.

Professional Competencies. In-depth knowledge of Basel III/IV, IOSCO Principles, FATF Recommendations, AIFMD, and MiFID. Experience working
in a common law jurisdiction. Experience establishing a regulatory sandbox. Experience in digital assets regulation and engagement with FATF is an advantage. Familiarity with Central Asian, Middle Eastern, or CIS markets is an advantage.

Personal Qualities. Independence of judgment and strong professional authority; ability to build trust-based relationships with the market; strategic thinking; experience working in a multinational environment.

Languages. Full professional proficiency in English is mandatory (the working language of TIFC).

TERMS & CONDITIONS

The position offers a compensation package in line with international standards for senior executives at leading financial regulators, fully reflecting the strategic significance of the role. Terms are negotiated individually and approved by the TIFC Council. Relocation support is available for candidates residing outside of Uzbekistan.

SELECTION PROCESS

The selection process consists of several stages: initial CV screening; interviews with representatives of the TIFC Project Office and the Ministry of Investment, Industry and Trade of the Republic of Uzbekistan; final interview with members of the TIFC Council; reference checks.

Expected start date: Q3–Q4 2026.

Applications (CV) should be submitted to: tiifc.hr@miit.uz