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Chief Finance and Risk Officer


  • Organization: GCF - Green Climate Fund
  • Location: Incheon
  • Grade: Level not specified - Level not specified
  • Occupational Groups:
    • Banking and Finance
    • Managerial positions
  • Closing Date: Closed

Grade: IS-9
Deadline: 12 April 2024 (11:59 PM KST)
Job Category: International
Salary: USD 263,800 net (plus attractive benefits, that include the following allowances (as applicable): Relocation, dependency, housing, education assistance and home country travel.


The Green Climate Fund is the world’s largest dedicated multilateral climate fund and invests in impactful, innovative, catalytic programs and projects in developing countries across the globe. By the end of 2023, GCF had a portfolio of 243 projects in 129 countries, committing a total of USD 13.5 billion to date. 


In 2023, an additional USD 12.8 billion was pledged, to support our new strategic and programming cycle from 2024-2027; our ambition is to grow to become at least a USD 50 billion fund by 2030. Rooted in the core objectives of impact and efficiency, access and a focus on the most vulnerable, and mobilizing a much higher scale of public and private sector financial flows for climate action we have an unparalleled scale of resources, which, together with our risk appetite and flexibility allows us to bring together different partners and stakeholders in innovative partnerships for profound impact. 


GCF is seeking a top-tier individual with a demonstrable track record of harnessing experience, energy and networks to tackle complex global climate change challenges. You will be committed to making a positive, measurable difference through a mission-driven role, and thrive in a fast-paced, diverse environment.  
You will be able to quickly scan and analyze complex, competing issues and lead significant sized teams to find solutions in evolving contexts, across multiple geographic locations. 
You will be a nurturer of people: recognizing and growing the talent around you, exemplifying values of transparency, respect and innovation.
You will be committed to learning, knowledge-sharing, convening and communicating with partners to work together to ideate, develop and implement climate action initiatives that make a profound difference to people and planet.
You will join a team of talented, committed individuals representing almost 80 nationalities contributing skills and experience from academic, scientific, private, government and nonprofit backgrounds.  Together, we work with governments, communities and civil society, technical agencies, and the private sector across the world.


Interested in more information? 
Learn about working for GCF: 
View current vacancies:


About the Green Climate Fund (GCF)
Set up in 2010 by the 194 countries who are Parties to the United Nations Framework Convention on Climate Change (UNFCCC), GCF takes its responsibility as the world’s largest dedicated multilateral climate fund to heart.  GCF funds transformative climate projects across the developing world, supporting countries in their responses and actions to tackle climate change while fostering sustainable development within their communities. 


Our country-driven approach ensures that our actions are tailored to the unique circumstances and national aspirations of each nation we support. Besides channeling public and private sector investment through a broad range of financing instruments, GCF builds the capacity of developing countries to take climate action through an extensive Readiness Programme ensuring countries are increasingly well-equipped and financed to manage their climate futures.


Headquartered in the Republic of Korea, GCF operates with a diverse and talented workforce of over 300 people. 

Position Objective
The Chief Finance and Risk Officer (CFRO) leads all financial and risk aspects of the Fund, including financial planning, financial reporting and controlling, budgeting, accounting, treasury, and enterprise-wide risk management. S/he ensures the financial and operational integrity of the organization and is accountable for all aspects of the financial statements of the Fund as well as leading the design, formulation, and implementation of all policies related to all the above areas. The CFRO safeguards GCF financial stability and protects its assets by identifying, assessing, mitigating, and monitoring all risks that could impact the Fund’s operations and performance. S/he is a member of the executive leadership team. As a strategic thought partner and financial steward, the CFRO will collaborate with other members of the executive leadership to ensure the organization's financial health and resilience in a dynamic global environment.  



  • Strategy: as a member of the executive leadership team, contributes to the overall direction setting and strategic development of the organization; develops and implements innovative financial strategies aligned with the organization's mission and growth objectives; and formulates high-level budgetary and accounting strategies and frameworks. 
  • Policy: Leads the design, formulation, and implementation of all policies relating to financial, treasury, budgeting, accounting, and risk management. 
  • Internal Financial Planning: Drives a culture of innovation throughout the department, encouraging creative thinking and adaptive problem-solving; leads robust internal financial planning, accounting, budgeting, and analysis, supported by clear business analytics, that enables the executive leadership to make decisions that are fact-based and risk-informed. 
  • Risk Management: Drives and oversees the establishment and implementation of a robust risk management framework and necessary systems to identify, assess, and mitigate potential risks; catalyzes and instills approaches throughout the Fund to help regions implement and maintain sound risk management approaches across all categories of risk, including necessary early warning systems to ensure appropriate oversight and audit performance and results. 



  • Stakeholders: Partners with the executive leadership in the Fund’s replenishment process and growth strategy, including interactions with contributors and key stakeholders; explores opportunities for strategic partnerships and financial collaborations to support organizational objectives. Coordinates with Chief Strategy and Impact Officer on resource mobilization issues. 



  • Organizational Effectiveness: Drives efficiency in financial planning, accounting, budget management, achievement of financial targets and goals, and effectiveness in risk management. 
  • Strategy: Develops and implements financial plans and strategies, demonstrated by robust financial health and resilience of GCF. 
  • Risk: Advises executive leadership on risk exposures and mitigation strategies. Strengthens the risk and control framework and underlying systems and analytics to effectively manage all risk aspects of the Fund. 
  • Stakeholders: Enhances stakeholder satisfaction via transparent and timely financial reporting, achieving agreed-upon financial targets, and demonstrating fiscal responsibility; and cultivates and maintains relationships with financial institutions, investors, and all other relevant stakeholders. 
  • Team Performance: Defines roles and responsibilities in the team; holds team members accountable for outcomes; provides effective feedback; fosters a culture of accountability and continuous improvement. 
  • Board: Provides timely, accurate, and comprehensive reporting to the Board and relevant committees; leads implementation of Board decisions on financial and risk matters; and obtains feedback from the Board on financial performance and strategic financial initiatives. Presents annual financial statements to the Board. 

Requirements (Education, experience, technical competencies required of the job)

  • At least 15 years of relevant experience. Significant experience and track record of success in progressive financial leadership positions, with experience working at the executive level with Boards and technical Board committees (finance, budget or audit);  
  • A postgraduate degree in finance/MBA/qualified chartered accountant/CPA equivalent is required; 
  • Experience in IFRS-based financial reporting including facing and responding to audits conducted by globally recognized external auditors is strongly preferred; 
  • Demonstrated record of successfully developing and executing accounting, financial reporting, and risk management in a complex, multi-stakeholder, global organization; 
  • Comprehensive knowledge of capital and money markets, including treasury and investment functions and experience in dealing with Trustees and banks is desirable; 
  • Experienced in establishing state-of-the-art internal financial systems, performance thresholds, and processes appropriate for a large multilateral financial institution and managing institutional change;  
  • Sound knowledge of the International Financial Reporting Standards, and a thorough understanding of risk management function within a financial institution environment; 
  • Demonstrated ability to lead sizeable and diverse teams;  
  • Familiarity with international development, multilateral development banks and/or the UN system would be an advantage. Fluency in both written and spoken English; knowledge of another UN language is desirable. 



  • Inspires and guides the department with a compelling vision for the future, aligning strategies and actions with a shared sense of purpose; 
  • Possesses exceptional communication skills and the ability to persuasively convey ideas, gaining buy-in and inspiring action from others; 
  • Demonstrates a creative and forward-thinking mindset, consistently generating new ideas and solutions to address challenges and capitalize on opportunities; 
  • Exhibits tact, discretion, and the ability to navigate complex interpersonal relationships, particularly in high-stakes or politically sensitive situations; 
  • Ability to attract, recruit, lead, and mentor high quality finance, accounting, and risk staff; 
  • Inspires and motivates others to achieve their best by fostering a positive and supportive work environment, recognizing, and celebrating achievements; 
  • Maintains high ethical standards ensuring fairness, respect, and integrity. 

The closing date for application is 12 April 2024. Applications submitted after the deadline may not be considered.


*The person assessed by the Selection Panel as most suitable for the position will be proposed for appointment. Selection among short-listed candidates will also take into account performance at interview, appropriate testing, and references. 


Applications from women and nationals of developing countries are strongly encouraged.

This vacancy is now closed.
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