Grade: IS - 4

Deadline: 10 December 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 Risk Specialist, reporting to the Enterprise Risk Senior Specialist, is responsible for strengthening the Fund’s operations and enabling it to sustainably deliver climate impact by identifying and mitigating risks that could hinder the achievement of those objectives. The incumbent is expected to work closely with colleagues across the Secretariat, and also with service providers and other external stakeholders, to oversee and improve specific aspects of the Fund’s risk management function that will strengthen and safeguard its reputation and operations.

Duties and responsibilities

Purpose

• Ensure that initiatives to implement the Fund’s responsibilities under the policies of the Risk Management Framework (RMF) are applied in a manner that enables the Fund to successfully fulfill its mission
• Develop and oversee processes to mitigate enterprise, operational, and portfolio-level investment risks, such as the Fund’s internal control frameworks, internal financial systems and policies, and reporting tools
• Adapt and share RMF policies, guidelines, and tools to keep them relevant as the Fund matures and the climate finance landscape changes

Engagement

• Build strong relationships with divisions across the Secretariat to promote a culture of risk awareness throughout the organization, to build a better understanding of the different risks that the Fund faces
• Gather, evaluate, and disseminate knowledge vital to the management of risk at the Fund
• Engage with service providers and external stakeholders to determine how their interactions with the GCF could affect the implementation of the requirements of the RMF or improve the risk profile of the GCF relative to its climate objectives

Delivery

• Implement processes and improve the delivery of risk inputs and solutions on enterprise, operational, investment portfolio, and risk policy matters, which will enhance the predictability and reliability of work within the team while also positioning the Risk function as a trusted partner within the organization
• Deliver relevant insights and a risk perspective that will help the organization achieve its mission through the application of appropriate levels of risk monitoring and mitigation for enterprise, operational, and investment portfolio concerns
• Coordinate the review of knowledge sharing and lessons learned, case studies and best practices, in collaboration with the team and other divisions, to inform and improve enterprise, operational and portfolio-level risk management, as may be required Deliver high quality drafts of pleadings in respect of staff disputes, draft procurement agreements, and advise on privileges and immunities in a timely manner

Required experience and qualifications*

• A Master’s degree or equivalent in Economics, Finance and/or Business Administration or related disciplines;
• At least nine (9) years of relevant, progressively responsible professional experience, with a minimum of five (5) years in enterprise or operational-risk management, preferably in an international organization;
• Advanced analytical capacity including extensive experience with risk management tools;
• Ability to articulate and present ideas well both in writing and orally to a diverse audience of stakeholders at technical and strategic levels;
• Ability to work in a multicultural environment with diverse stakeholders;
• Professional experience in developing countries is an advantage;
• Fluency in English is essential; knowledge of another United Nations language is an advantage;
• Ability to work independently and under pressure with a high level of accuracy;
• Excellent writing, presentation, negotiation and communication skills;
• Demonstrated problem-solving aptitude;
• Fluency in English; knowledge of another UN 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.