Grade: C
Deadline: 19 October 2026 (11:59 PM KST)

Introduction

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. The GCF has a portfolio of 358 projects across 134 countries, with a total commitment of USD 20.4 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 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: https://www.greenclimate.fund/about/careers 
View current vacancies: https://jobs.greenclimate.fund/

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.

Department Introduction 
The mission of the Department of Risk Management and Compliance (DRMC) is to develop, manage and update comprehensive risk frameworks, policies and processes to support GCF’s strategic goals; as the second line of defense, identify, prioritize, monitor and manage actual and potential risks affecting the Green Climate Fund (GCF); and review pipeline and portfolio investments and programs to ensure that they are within the Fund’s risk tolerances, comply with the Fund’s compliance and risk policies, achieve optimal risk-reward for the Fund and report to the Risk Management Committee of the Board.

Role Summary
Reporting to the Director of Risk Management and Compliance, this strategic management position is responsible for developing and executing the GCF’s liquidity and market risk management strategy and enterprise risk reporting. The incumbent will serve as the Alternate member on the GCF’s Asset Liability Committee or other GCF Committees responsible for liquidity and foreign exchange management decisions. This role leads a highly experienced financial risk management team, collaborating with cross-functional teams including the Department of Treasury, the Office of the Chief Investment Officer, Department of Resource Mobilization and Department of Policy and Strategy. He or she will also be responsible for overseeing reporting to the Risk Management Committee of the board regarding liquidity and foreign exchange risk management.

The incumbent will also support the Director of Risk Management and Compliance to develop strategies and work programs and effectively manage the delivery of DRMC’s institutional risk management programs, nurture collaboration within the DRMC and with Finance, Treasury and other stakeholders in the Secretariat, and perform additional tasks assigned.

Duties and Responsibilities

  • Develop and execute the GCF’s liquidity and market risk management strategy tailored to GCF's unique blended finance mandate to respond to strategic initiatives including on diversifying the funding source, balance sheet optimization and hedging.
  • Lead the team in developing liquidity and market risk management policies, procedures and tools to ensure resilience under normal and stress conditions and recommend strategies for supporting adaptability, innovation, and financial sustainability for GCF's climate finance activities.
  • Provide market risk oversight in exposure to interest rate and foreign exchange risks, develop value at risk (VaR) and stress testing frameworks, and provide insights on mitigants for adverse market movements. 
  • Develop and implement a framework to assess operational risks that could amplify market or liquidity risks for GCF and monitor key risk indicators to ensure alignment with GCF’s risk appetite.
  • Transform the enterprise risk reporting to the board and executive leadership for informed decision making and strategy setting.
  • Act as a trusted advisor to stakeholders that combines theoretical and practical perspectives in relation to liquidity, market risk identification and mitigation strategies.
  • Motivate Team members to excel in their individual specializations while ensuring coherence and teamwork.
  • Engages with internal and external stakeholders including auditors and fosters cross-functional collaboration with the Department of Treasury, the Office of the Chief
  • Investment Officer, Department of Resource Mobilization and Department of Policy and Strategy to facilitate resource mobilization, balance optimization and innovative climate financing activities.  
  • Serve as the Alternate member on the corporate Asset Liability Committee or other GCF Committees responsible for liquidity and foreign exchange management, participating in decision making on matters impacting GCF’s financial sustainability.
  • Develop and lead the team's resources and its capacity to perform timely and quality assessment on current and emerging risk scenarios.
  • Advise the Director on the strategic direction of the Team and allocation of resources to achieve goals in line with the Fund’s strategy.
  • Set strategic goals and effectively manage delivery of liquidity, market and operational risk management at GCF, accepting responsibility for outcomes.
  • Lead and implement a systematic process to capture and disseminate knowledge, lessons learnt and good practices to strengthen GCF’s risk management processes with a focus on risk assessment and risk monitoring of GCF’s liquidity and market risks.
  • Innovate and implement risk monitoring and reporting and prepare regular and ad hoc risk reports to the board and executive leadership.

Requirements

  • Master's degree in Finance, Business, Economics, Mathematics or equivalent is preferred; or a Bachelor’s degree in a relevant field with an additional 2 years of relevant experience may be accepted in lieu of the Master’s degree requirement.
  • At least 15 years of relevant work experience in a major international financial institution or multilateral development bank focusing on emerging markets, covering capital adequacy, liquidity, funding, ALM and financial sustainability
  • Deep understanding of liquidity, capital adequacy and market risk regulatory and rating frameworks and proficiency with relevant risk management tools and systems. 
  • Exceptional analytical skills with a strong attention to details and expertise in financial modeling, scenario analysis and stress testing.
  • Proven track record in successfully developing and implementing risk management frameworks and methodologies including economic capital models is preferred. 
  • Experience in and good understanding of operational risk is preferred. 
  • CFA, FRM, or equivalent qualification is preferred. 
  • Demonstrated ability to lead cross-cutting initiatives across the institution and work across boundaries to build consensus, resolve problems, and foster teamwork.
  • Proven experience of effectively managing diverse teams of seasoned professionals is preferred. 
  • Demonstrated ability to work in a multi-disciplinary and multi-cultural environment. 
  • Demonstrates strong integrity and adherence to the highest ethical standards.
  • Excellent written and oral communication skills in English are essential for this position; knowledge of another UN language is an advantage.
  • Knowledge of climate change and climate finance strategies of multilateral organizations and other international institutions is an advantage.


The closing date for applications is 19 October 2026. Applications submitted after the deadline may not be considered.

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

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

Staff members are subject to transfer or reassignment at the discretion of the Executive Director, in accordance with the Staff Regulations and Staff Rules. In the event of a transfer to another duty station, the staff member’s salary, allowances, benefits, and other applicable entitlements will be adjusted to reflect the conditions applicable at the new duty station, in accordance with the Staff Regulations and Staff Rules and other legal instruments in effect at the time of transfer.

For details on grade levels, salary scales, and benefits, please refer to the GCF Staff Regulations and Staff Rules: https://www.greenclimate.fund/document/staff-regulations 

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