Portfolio Management Specialist - Readiness
Korea (Korea (Republic of))
Portfolio Management Specialist - Readiness
Date: Oct 8, 2019
Location:Korea (KOR), KR
Company: Green Climate Fund
Grade: IS - 4
Deadline: 04 November 2019 (11:59 PM KST)
The mission of the Green Climate Fund is to assist developing countries to respond to climate change while bringing prosperity to their peoples.
Established in 2010, the GCF invests in transformational climate projects in the developing world. The Fund makes an ambitious contribution to global climate action and channels significant financial resources into developing countries to help build low-emission and climate-resilient societies. It is country-driven and undertakes actions which reflect the circumstances of each country concerned and its national aspirations. The GCF is a key enabler of the 2015 Paris Agreement on Climate Change.
Since its establishment, the GCF has approved 111 projects in 99 countries and has committed USD 5.0 billion in climate finance. In addition, it has built up an extensive program to support developing countries identify their needs, in particular those who are most vulnerable to climate change impacts.
The GCF’s diverse workforce is advancing its mission from its headquarters in South Korea. Our talented staff make unique contributions to the Fund, enriching the institution through their combined expertise and professional commitment.
The Office of Portfolio Management (OPM) of the Green Climate Fund Secretariat is organized into three workstreams: Review and quality assurance (RQA), Portfolio implementation monitoring and management (PIMM) and Data and results management (DRM).
The PIMM workstream plays an important role in ensuring that the portfolio of approved GCF projects/programmes is implemented efficiently and effectively in accordance with the Fund’s policies as well as approved terms and conditions. It is also responsible for ensuring adequate and timely reporting and assessment of implementation progress and results from the Fund’s investments as well as for proactively working with Delivery Partners (DPs) and National Designated Agencies (NDAs)/Focal Points to resolve implementation issues and challenges.
OPM is seeking an experienced Portfolio Management Specialist (Readiness) to join the PIMM team and strengthen the monitoring of Readiness Grants/Activities as may be required. The Specialist will play an active role in portfolio management activities and interact closely with various stakeholders including NDAs and DPs as well as colleagues within OPM and in other divisions of the GCF Secretariat.
The Portfolio Management Specialist (Readiness) will be responsible for the Management of portfolio of readiness projects under implementation supported through grants to ensure compliance with legal agreements and Fund policies and procedures. S/he will also make a crucial contribution to the efficient and effective management of GCF’s Portfolio as well as provide strategic and technical contributions for the establishment, review and refinement of portfolio management frameworks, policies, and guidelines as well as on-going supervision and management of the Fund’s Readiness Projects/Programmes after first disbursement until completion.
Duties and responsibilities
Lead and coordinate the review of project reports from DPs/NDAs, monitoring and assessing implementation performance of assigned portfolio of projects in order to identify proactively risks and performance challenges as well as devise inform and advise the senior management on appropriate corrective measures as appropriate;
Proactively lead and coordinate guidance to DPs/NDAs to ensure the timely compliance with M&E reporting requirements as per relevant Fund’s frameworks such as GCF’s Monitoring and Accountability Framework, Performance Measurement Frameworks (PMFs), and Result Measurement Framework (RMF); legal and financial terms and conditions and Fund policies and procedures
Lead, coordinate and contribute to updating and improving the portfolio management functions, strategies, and approaches for managing the projects’ portfolio in particular related to strengthening and standardizing, portfolio monitoring procedures and processes in response to evolving and varied institutional and client needs and contexts
Lead the restructuring/amendment of Readiness projects including processing of waivers, etc.
Coordinate interdivisional reviews of and inputs to Readiness project report submissions to ensure timely processing of disbursements, waivers, extensions and amendments requests from delivery partners and NDAs for assigned portfolio of projects/programmes;
Build, develop and execute effective relationship management strategies with DPs /NDAs during implementation phase to facilitate timely information exchange, feedback and corrective actions to manage risks of projects/programmes under implementation as may be required
Advise and guide DPs/NDAs on appropriate portfolio management actions and strategies to assure the healthy portfolio performance and results
Lead, coordinate and contribute to Secretariat-wide/inter-divisional initiatives and represent OPM in internal committees/working groups and external engagements including conferences and meetings as appropriate
Provide guidance and mentorship to junior members of the team and contribute to/ lead hiring processes of consultants and interns (including development of the respective TORs and workplans).
Provide, coordinate and oversee technical inputs and guidance to facilitate the implementation and refinement of monitoring and reporting guidelines for GCF operations, as well as compliance with the Board-approved frameworks as may be required;
Contribute to optimization, standardization and improvement of the portfolio management processes and procedures and including early warning systems and inputs for portfolio risk monitoring and mitigation
Prepare, present and contribute to preparation of reports such as Portfolio Performance Reports, project reports and issues for consideration by Secretariat Management and Internal Committees/working groups, as well as the Board as may be required
Lead and coordinate the review, preparation, compilation and presentation of lessons learned, case studies and best practices to inform and improve portfolio selection, implementation and evaluation of GCF readiness projects/programmes portfolio information as may be required
Coordinate and contribute to review of information on projects/programmes implementation and results in order to update portfolio dashboards and inform corrective portfolio and policy actions needed to improve the performance of the GCF portfolio.
*The person assessed by the Selection Panel as most suitable for the position will be proposed for appointment. Selection among short-listed candidates will also take into account performance at interview, appropriate testing, and references. Applications from women and nationals of developing countries are strongly encouraged.