INNOVATIVE FINANCE ADVISER
Reports to (role)
- Head of New Financing Models
What we do
The International Committee of the Red Cross (ICRC) works worldwide to provide humanitarian assistance to people affected by conflict and armed violence. We take action in response to emergencies and at the same time promote respect for international humanitarian law. We are an independent and neutral organization, and our mandate stems essentially from the Geneva Conventions of 1949. We work closely with National Red Cross and Red Crescent Societies and with their International Federation in order to ensure a concerted, rational and rapid humanitarian response to the needs of the victims of armed conflict or any other situation of internal violence. We direct and coordinate the international activities conducted in these situations.
Based on the successful launch of the Humanitarian Impact Bond in early 2018, the ICRC is building a portfolio of innovative financing instruments to be applied throughout its activities. By 2025, 10% of ICRC income could come from a portfolio of New Financing Models (NFM). The Innovative Finance Adviser will play a key role in developing the portfolio and specific instruments within it, in building ICRC organizational readiness to deliver NFMs, and in deepening the network of support with stakeholders such as humanitarian and development actors, civil society, impact investors and governments alike.
Accountabilities & Functional responsibilities
- Under the supervision of the Head of New Financing Models (NFMs) Unit, the Innovative Financial adviser:
- Provides information about developments and existing and future opportunities in the field of innovative finance for humanitarian impact, and thus help ensure ICRC's portfolio of NFM is both realistic and ambitious.
- Assists in building up partnership opportunities with stakeholders active in the field of (venture) philanthropy, development finance and impact investing.
- Helps secure financial support for exploration, product development and outcome funding.
- Performs detailed financial analysis and due diligence of potential New Financing Models opportunities for ICRC.
- Structures or manages new innovative financing models, ensuring a balanced approach between desired impact objectives, financial risk and financial and nonfinancial returns. This includes handling organization wide coordination, conducting analytical assessments and managing stakeholder relationships related to ICRC's portfolio of NFMs.
- Prepares performance financial and operational reports and suggests recommendations.
- Supports the Head of NFMs unit in socializing NFM within the ICRC, with its traditional stakeholders and potential new supporters.
- Plays a leading role in positioning ICRC as a thought leader in NFM and in developing the market for NFM in humanitarian settings.
People management responsibilities
Scope & Impact
- This position is key to the ICRC as it coordinates with relevant internal and external experts on various aspects of the NFMs, bringing new expertise the ICRC dœs not have now but absolutely requires to build its NFM portfolio and capabilities.
- Financial responsibilities: securing seed funding, outcome funding, investment.
- Strategic internal impact towards REM, RES_DIR, A_PRES, DIR_GEN.
- Geographic remit: Global.
- Internally, interact with all units of the REM division (HQ and field), with the Finance and Administration division (RES), with DIR_GEN, DP_POL, A_PRES
- Externally, interacts with donors, service providers, investors, and auditors (EŸ and donors' auditors).
Certifications / Education required
- University degree or equivalent, preferably in Finance, Accounting, Economics, Management or any related field.
- Master's degree in a relevant field an asset.
- Computer and information systems proficiency.
- Fluent in English (native level), French and additional languages a strong asset
Professional Experience required
- Minimum of 10 years of relevant work experience, in the field of finance (asset management; private banking; private equity or commercial banking), social and/or development finance.
- Demonstrated experience structuring financial products or instruments that combine public and private investment actors across sectors like education, health, infrastructure, financial inclusion, renewable energy;
- Excellent financial modeling and/or quantitative analysis skills;
- Demonstrated experience managing projects and teams in fast paced settings, with experience operating in developing countries or conflict affected countries a strong plus
- Capacity to adapt to and excel in evolving internal and external environments.
- Experience managing project teams, consultants and other stakeholders;
- Ability to manage several work-streams concurrently and semi-independently in a dynamic, entrepreneurial work environment;
- Strong interpersonal skills and alignment with ICRC’s humanitarian mission;
- Location: Geneva
- Type of contract: Open-ended
- Length of assignment: 4 years
- Activity rate: 100%
- Estimated start date: ASAP
- Application deadline: 17.02.2019