Grade: IS - 2

Deadline: 27 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 that 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 to 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 makes unique contributions to the Fund, enriching the institution through their combined expertise and professional commitment.

Position description 

The Compliance Officer, reporting to the Compliance and Financial Crime Specialist, is responsible for conducting due diligence by reviewing and assessing compliance related issues in Accreditation Master Agreements, Funded Activity Agreements, funding proposals, and other financing activities and contractual agreements. The incumbent will ensure that the contractual agreements and investment proposals are in compliance with relevant policies such as the AML/CFT policy, prohibited practices policy, and the compliance risk policy; and shall represent the Compliance team as requested at inter-divisional meetings and discussions. The Compliance Officer shall support the team in conducting compliance risk assessments and managing compliance risks that pose a threat to the Fund’s financial, organizational, or reputational standing. The incumbent is expected to work cross-functionally to promote a culture of compliance within the Fund.

Duties and responsibilities

Purpose

• Undertakes due diligence of contractual agreements and activities financed through GCF resources, including Accreditation Master Agreements and Project Preparation Facility, to determine that the agreements/proposals meet the requirements of relevant compliance related policies
• Draft compliance assessment findings and finalize the same in consultation with the Compliance and Financial Crime Specialists

Engagement

• Engage the team and other divisions within the Secretariat, in addition to external stakeholders, to ensure that the requirements of relevant compliance related policies are met and addressed in all activities and operations of the GCF 
• Collaborate with the Specialists to create compliance related awareness and training programs

Delivery

• Provide analysis and contribute to the overall effort of the team in knowledge management particularly on recent development and news of international best practices and technologies in AML/CFT, anti-corruption, prohibited practices and other compliance related matters
• Organize compliance training sessions for GCF staff and other stakeholders, prepare training materials in collaboration with the team; assess the effectiveness of the training sessions and identify areas for improvement

Required experience and qualifications*

• Master’s degree in law is preferred; and/or a master’s degree in accounting, business administration, finance, social science or related fields;
• A minimum of five (5) years of relevant work experience;
• Experience working in a compliance function, including AML/CFT and sanctions compliance;
• Knowledge or experience in other compliance issues is an advantage;
• Excellent organizational and prioritization skills to deal with high volume of work with tight deadlines;
• Strong interpersonal skills with ability to exercise tact and discretion;
• Fluency in English is essential; knowledge of local language and/or another United Nations language is an advantage.

*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.