Climate Investment Officer
Korea (Korea (Republic of))
Climate Investment Officer
Date: Jul 16, 2020
Location: Korea (KOR), KR
Company: Green Climate Fund
Grade: IS - 2
Deadline: 16 August 2020 (11:59 PM KST)
The mission of the Green Climate Fund (“GCF”, “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.
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.
The Climate Investment Officer, as part of the Fund’s Private Sector Facility, will be responsible for undertaking a range of operational and analytical tasks necessary for the ongoing operationalization of the Fund with a focus on financial institutions transactions, including upstream support provided to countries for green finance policy initiatives.
Duties and Responsibilities
- Develop suitably adapted and tailored financing / structuring solutions that address the articulated transaction risks and key barriers that the project developers face in developing high-impact climate project(s), without comprising on GCF’s policy and quality standards, in a time bound fashion;
- Ensure complete life-cycle ownership of the project(s) / programme(s) right through origination, structuring, board approval, legal documentation, first disbursement and subsequently support to OPM, as and when required;
- Contribute to internal and external negotiations in relation to structuring and legal documentation;
- Gain market intelligence on trends of climate finance by financial institutions including central banks and supervisors, promote awareness of the Fund’s offering in the marketplace and develop relationships with new and existing partners;
- Collaborate effectively with the Division of Country Programming to strengthen upstream engagement with NDAs, accredited entities (AEs) and relevant stakeholders;
- Contribute to market research, data collection and analysis of financial model to guide accredited entities in strategic utilization of GCF’s financial instruments for proposed project;
Deliver proposal reviews and assessments including the term sheet and funded activity agreement in a timely manner and assist with drafting policies and procedures as they pertain to FI and PE programmes;
Ensure frequent and timely interactions with Accredited Entities, developer(s) and other stakeholders (as may be necessary) are conducted to ensure that project(s) / programme(s) deliver their climate results as envisaged;
Work closely with the Office of Portfolio Management (OPM) for post-approval monitoring/evaluation/reporting, disbursement of funds and amendments to legal agreements.
Required Experience and Qualifications*
- Master’s degree in business administration, economics, finance, sustainable development, climate finance and policy, environmental sciences, engineering or related fields;
- At least 4 years of relevant work experience in climate finance or related fields;
- Experience of at least 2 years in the area of climate change (climate finance and climate policies) is advantageous;
- Proven work experience in structuring financial products in or with financial institutions, including for investments and risk management in sectors and areas relevant for climate change mitigation and adaptation;
- Knowledge of the evolving landscape in climate change and international development is essential;
- Experience in other areas of finance is desirable; this role will be expected to provide support (back-up) to other colleagues within PSF as and when necessary;
- Experience in building and managing intricate financial models, drafting and negotiating contracts, and drafting approval notes for investment and credit committees;
- Experience in identifying and managing risks associated with projects and programmes;
- Strong track record of working within cross functional teams to structure, drive and close deals;
- Passion about delivery and focus on results;
- Ability to take initiative, embrace and adapt to change;
- Team player who actively collaborates with peers within the team and has the ability to coach and mentor junior team members; and
- Excellent written and oral communication skills in English are essential for this position; knowledge of another UN language 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.