(Senior) Investment Solutions Specialist - Climate (6291)

The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is financing Infrastructure for Tomorrow in Asia and beyond—infrastructure with sustainability at its core. We began operations in Beijing in 2016 and have since grown to 111 approved members worldwide. We are capitalized at USD100 billion and AAA-rated by the major international credit rating agencies. Collaborating with partners, AIIB meets clients’ needs by unlocking new capital and investing in infrastructure that is green, technology-enabled, and promotes regional connectivity.

The Sectors, Themes and Finance Solutions Department (STF) fosters technical excellence and expands the Bank’s financing expertise across all sectors and themes to support both sovereign and nonsovereign investment operations. It spearheads the development and implementation of innovative investment projects and leads the introduction and operationalization of new products and financing modalities, often ahead of their mainstream adoption by Client Departments (CDs).

In close collaboration with the CDs, the STF conducts upstream work to support and incubate new initiatives in frontier technologies, public-private partnership (PPP) advisory, and other productive sectors. It also guides the Bank’s corporate strategy by setting thematic priorities such as Green Infrastructure, Technology-enabled Infrastructure, Private Capital Mobilization (PCM), and Connectivity and Regional Cooperation. In addition, STF supports the Bank’s efforts on cross-cutting themes, including climate, gender and inclusivity, and nature.

STF further represents the Bank in international forums to address sectoral, thematic, and financing issues, actively networks with other development partners, and reinforces AIIB’s reputation as a premier development institution contributing to the global development agenda.

STF is seeking a motivated (Senior) Investment Solutions Specialist with expertise in climate change and experience in climate finance, climate technology, and climate risk assessment.

Responsibilities:

• Support the Bank in the implementation of its Paris-Agreement-alignment commitment at the operations level throughout the project cycle by participating in the identification, appraisal, design, and implementation of investment programs and projects from the climate perspective and supporting clients in conducting the relevant assessment.
• Assess projects against requirements related to Paris Agreement alignment and climate finance, conduct internal climate determinations (Paris Agreement alignment and climate finance) throughout the project cycle, and support climate finance tracking and reporting.
• Conduct project-level climate risk screening and assessment, and provide support for the design of proposed mitigation and adaptation actions in investment operations, including assessment of the climate impact of projects.
• Collaborate with other specialists, such as policy officers and environmental and social specialists, to help project teams deliver comprehensive solutions and value-add to clients.
• Provide technical inputs on activities related to upstream engagement with members/clients on climate risk and adaptation-related diagnostic work that can inform national adaptation planning and country programming processes, including identification of adaptation activities.
• Appraise climate risks (both transition and physical risks), and assist in the development of appropriate response measures as part of the investment projects/programs, both for sovereign-backed financings (SBF) and nonsovereign-backed financings (NSBF), including financial intermediaries (FI) projects, against the requirements of the Bank’s policies and guidance.
• Provide technical support to ensure that good practices and the latest developments in climate science and technology are reflected in AIIB’s climate-risk-management-related business processes, tools, and knowledge resources.
• Support, at the operations level, the setting up of any climate-related monitoring and reporting provisions as part of overall environmental and social monitoring and reporting as agreed with clients.
• Provide inputs on any further development of internal methodologies, policies, and tools by reflecting operational experience.
• Lead or contribute to the establishment and management of operational climate databases and other related data, including processing and analysis of the data for models and tools for climate risk assessment.
• Support Bank-wide capacity-building activities on climate and the broader environmental agenda.

Requirements:

• Master’s degree or equivalent in atmospheric science, applied climatology, climate informatics, earth science (hydrology), physical geography, geographic information systems, civil engineering, or related fields. 
• At least 5-10 years of specialized experience relevant to the position may be considered.
• Relevant professional experience, including international work experience in designing and implementing climate change projects and/or research. 
• Experience in natural hazard or climate impact modeling and research; climate risk assessment; greenhouse gas accounting, adaptation, and disaster risk reduction planning and practices; and application of risk information for research, investments, and/or policy in developing countries.
• Skills and experience in the statistical analysis and application of climatic and related data, including trend analysis and extreme value analysis.
• Experience in the generation and use of geospatial information, databases, and tools.
• Project experience involving the development of software, digital tools, or databases and adopting agile and user-experience design approaches will be an advantage.
• Experience in nature finance and an understanding of the climate-nature nexus will be advantageous.
• Excellent project-management skills, with the ability to plan, self-manage, and lead initiatives independently and with multidisciplinary teams.
• Strong stakeholder engagement, report-writing, oral, and written communication skills in English.
• Ability to work collaboratively with teams as a constructive team member.
• Experience working with other multilateral development banks will be advantageous.

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