Intern - Programming Risk

Duration: 6 months 
Deadline: 03 January 2026
Starting date: July 2026 
Location: Songdo, Incheon City, Republic of Korea 
Remuneration: US$ 1,600/month

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.

Background

The Green Climate Fund (the Fund) is a multilateral fund created to make a significant and ambitious contribution to the global efforts towards attaining the goals set by the international community to combat climate change.

The Fund will contribute to the achievement of the ultimate objective of the United Nations Framework Convention on Climate Change (UNFCCC). In the context of sustainable development, the Fund will promote the paradigm shift towards low-emission and climate-resilient development pathways by providing support to developing countries to limit or reduce their greenhouse gas emissions and to adapt to the impacts of climate change, taking into account the needs of those developing countries particularly vulnerable to the adverse effects of climate change.

The Fund is governed by a Board, composed of an equal number of members from developed and developing countries. The Fund is operated by an independent Secretariat headed by an Executive Director. The Fund will pursue a country-driven approach in its operations.

Internship Assignment

The Department of Risk Management and Compliance (DRMC)comprises 3 units – Enterprise Risk Unit, Programming Risk Unit and Compliance Unit. DRMC is seeking an Intern to provide operational and administrative support to the Programming Risk unit. A successful candidate will have the opportunity to learn and expand their experience by assisting with all credit and investment risk designated work, including credit analysis of funding proposals, developing risk recommendations, risk review of the investment portfolio and restructuring cases, as well as assisting the team in their day-to-day activities and the ad hoc tasks. In addition, they will have the opportunity to apply their first-hand knowledge to the specifics of the Fund while supporting with the development and implementation of the Risk Management Framework.

Under the overall guidance of the designated primary and alternate supervisors within the Programming risk team, the Intern is expected to:

• Support the Programming risk team in conducting their individual responsibilities under the Risk Management Framework, which could include gaining insight into risk monitoring and assessment of funding proposals and readiness support proposals.
• Support in the implementation of the Credit risk – related policies and guidelines.
• Helping to analyse data and statistics and to develop the credit and investment risk reports.
• Assisting the Programming risk team in ensuring proper due diligence of GCF programs within the remit of the Programming risk function.
• Support monitoring and controls to ensure compliance with Risk Management Framework, Risk Appetite Statement, Investment Risk Guidance, and other relevant internal rules, and procedures, and assuring that credit and investment risks are properly managed by the relevant function; and  
• Other responsibilities may include providing support for (Board, Risk Management Committee) meetings and other events, performing general research tasks, preparation and editing of documents, taking minutes, preparing summaries of discussions, etc. as may be required.

Requirements and qualifications

• Currently enrolled in or recently completed a master’s or similar post-graduate program in Law, Economics, Business, Public Administration or related fields;  
• Basic understanding of credit and investment risks.
• Knowledge and experience and/or proven interest in credit and investment risk management and financial analysis.
• Insight and experience in operations of international organization is an added advantage.
• Good understanding and experience in drafting documents with strong emphasis in research, analysis, and attention to detail.
• Great attention to detail, problem-solving skills, and capability to collaborate well with others.
• Proficiency in using standard software programs: MS Word, Excel, PowerPoint, Outlook, and Access.
• Excellent writing and presentation skills.  
• Fluency in English is essential; knowledge of another United Nations language, in particular French and Spanish, and/or Portuguese is an advantage; and
• Established reputation for integrity, sound judgement, fairness and discretion is a must.

*The person assessed by the Selection Panel as most suitable for the position will be proposed for appointment. The above criteria should be seen as indicators of the experience and skills that would qualify candidates for consideration. Selection among short-listed candidates will also take into account performance at interview, appropriate testing, and references.  

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