SUSTAINABLE FINANCE ASSOCIATE

Please note that the deadline is based on Korean Standard Time Zone (KST, UTC+9)

INTRODUCTION TO GGGI

The Global Green Growth Institute (GGGI) is a treaty-based international, inter-governmental organization dedicated to supporting and promoting strong, inclusive and sustainable economic growth in developing countries and emerging economies. To learn more please visit about GGGI web page. 

In 2023, with financial support from the Luxembourg government, GGGI established the Global Trust Fund (GTF), a four-year program to accelerate the adoption of sustainable financial instruments, including thematic bonds and debt-for-nature swaps, in developing countries. This program aims to improve sustainable finance in emerging economies by enhancing policy frameworks, strengthening national green finance ecosystems, and building the capacity of market participants. It facilitates the issuance of thematic bonds by providing key policy support, technical assistance, and guidance to beneficiaries from developing countries.

GTF strengthens the national green finance ecosystems in more than 10 developing countries in Asia, Africa, Latin America and the Caribbean through initiatives prioritized by the GTF's Board. The Trust Fund provides pre- and post-issuance and credit enhancement support to potential issuers, which together will raise at least USD 2 billion towards nationally determined contributions (NDC) targets. Direct capital mobilization through the Trust Fund is expected to help avoid 130 million tC02 emissions, improve the resilience of 2 million beneficiaries to climate change, and create 400,000 green jobs.

The achievement of Peru´s NDC targets requires a substantial increase in the volume of public and private, national and international climate finance invested in the country. As a result, GGGI through its GTF has embarked on an ambitious effort to increase the mobilization of international climate finance and implementation of innovative sustainable finance instruments to support a climate resilient and low-carbon development of the Peruvian economy.

POSITION SUMMARY

The Sustainable Finance Associate, who is based in Lima, Peru, will serve as the embedded Sustainable Finance Associate focal point within the Ministry of Economy and Finance (MEF). The successful candidate will provide on-demand operational support to MEF on all Sustainable Finance related matters as well as supporting GGGI’s country office in the structuring and maintenance of sustainable finance instruments such as thematic bonds, sustainable linked bonds/loans, debt-for-nature swaps, or other relevant innovative financial mechanisms as well as capacity building activities.

The successful candidate will report to the GTF Project Manager of GGGI and work primarily with the local GGGI team as well as the government focal point designated by MEF.

PURPOSE

The primary purpose of the Sustainable Finance Associate is to maintain and strengthen the relationship between GGGI’s Country Office and Peru’s Treasury Department within the Ministry of Economy and Finance, by providing high-quality technical assistance and day-to-day operational support to the counterpart, as well as maintaining effective, proactive communication. The role supports the design and implementation of key sustainable finance initiatives, coordinates workflows and deliverables across technical teams and stakeholders, and ensures timely, accurate, and well-documented outputs that align with MEF priorities and international good practice.

ENGAGEMENT

• Reports to the Sustainable Finance Officer.

• Build and maintain strong relationships with MEF, and other relevant public actors such as government staff, consultants, financial institutions, and multilateral partners.

• Supports activities prioritized by the Sustainable Finance Officer in the framework of GTF or Andean Representative developed with key project stakeholders including coordination and preparation of meetings and reports.

• Works well in diverse groups and is a team player.

• Supports the country office and team members in relevant assignments.

DELIVERY

• Assist public sector actors to formulate recommendations to strengthen public green financial instruments (e.g., thematic bonds, sustainable-like bonds/loans, debt for nature swap, etc.).

• Supports the integration of sustainable finance principles into Peru’s public financing frameworks and reporting systems.

• Delivers on-demand technical assistance to MEF under the guidance of the GTF Project Manager.

• Supports MEF in big data processing and sustainable project portfolio identification.

• Support the Andean Representative and Sustainable Finance Officer y strengthen the sustainable finance work, through new innovative instruments in Peru

• Maintains on-site presence at MEF offices at least three days a week.

• Maintains on-site presence at GGGI’s office at least one day a week.

• Assists MEF with the drafting of reports related to the post-transaction and resource allocation process, as well as the data processing of large databases for the classification of projects according to the Sovereign Bond Framework, and eventually the National Green Taxonomy.

• Supports the development of diagnostics to aid in the formulation of sustainable finance related policy recommendations by assisting MEF and other relevant project partners.

• Supports the development and delivery  of capacity building workshops in sustainable finance-related matters tailored specifically to the relevant target audience.

• Coordinates and delivers workshops to present and validate relevant products and activities.

• Conducts high level research and presents work in an organized manner.

• Presents big data analysis results in innovative platforms such as Power BI dashboards.

• Supports local country office in proposal development, writing, and planning.

• Maintains strict confidentiality with all the activities of the appointment.

• Willingness to deliver day-to-day operative support to government counterparts.

• Documents relevant to sustainable finance research and databases.

QUALIFICATION REQUIREMENTS

• Must be a Peruvian citizen, or a foreigner holding a valid work permit.

• Bachelor’s degree in finance; business administration, economics; data, earth, environmental, or climate science; or other related fields.

• Preferred at least 3-4 years of professional experience in the sustainable finance industry; this must include at least one of the following:Knowledge of the local context and the respective state of the local and international sustainable finance industry.

  • Experience developing or structuring sovereign, quasi-sovereign, or corporate sustainable finance instruments (loans, thematic bonds, blended finance mechanisms),

  • experience in banking, insurance, impact investment funds, or pension funds, where sustainability or climate risk management can be demonstrated.

• Knowledge of the local context and the respective state of the local and international sustainable finance industry. 

• Ability to interact and maintain relationships with high-level government officials and partners.

• Written and oral working proficiency in English and Spanish is required

• Macroeconomic analysis, as well as the local functioning of Monetary and Fiscal policy.

• Ability to formulate recommendations and reports aligned with the requirements of various key stakeholders.

FUNCTIONAL

• Strong ability to work independently and/or remotely, while maintaining productivity.

• Proficient communication skills in a multilingual business context.

• Promotes diversity and inclusion.

• Proactive teamwork and creative problem-solving abilities.

• Ability to develop and maintain working relations with financial sector stakeholders.

• Committed to continuous learning, especially in the field of sustainable finance.

• Strong ability to multi-task and prioritize under stressful circumstances.

• Ability to interact and form relationships with high-level government officials and partners.

• Strong at problem solving, asks questions and seeks support when needed, shares easily knowledge with others both internally as externally.

• Adapts quickly and effectively.

CORPORATE

• Understands and actively upholds GGGI’s mission, vision, and values.

• Promotes the optimum use of public resources.

• Promotes an organizational culture of trust, transparency, respect, and partnership.

• Process and share information easily while maintaining confidentiality when required.

• Manage emotions and stress positively, builds rapport and resolves conflict easily.

• Promotes creativity and innovation among staff.

• Be able to lead where needed and provide solutions to project-level challenges.

WORKING CONDITIONS

The Sustainable Finance Associate is an X6 grade level in GGGI’s Peru national salary scale. The salary range for the position starts at USD 35,130 per annum, depending on qualifications, experience and internal equity.

GGGI provides 15% of base salary towards retirement plan/long-term savings, 27 days of annual leave, and private health insurance that covers dental and vision.

GGGI is committed to providing a work environment that is sufficiently flexible to accommodate diverse life-cycle challenges and assist Staff members in achieving a better balance between work and personal/family commitments, thus ensuring high performance, long-term productivity, and well-being.

The date to close is Korean Standard Time (KST). Applications submitted after the deadline will not be considered Application. Cover Letter, and CV must be sent in English.