Office of Risk Management and Compliance Intern-Compliance team

Duration: 6 months 

Starting date: 03 July 2023 

Location: Songdo, Incheon City, Republic of Korea 

Remuneration: US$ 1,300/month 

Introduction
The mission of the Green Climate Fund is to assist developing countries to respond to climate change while bringing prosperity to their people. 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 190 projects in 123 countries and has committed USD 10 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.

Background 

The Green Climate Fund (the Fund) is a multilateral fund created to make a significant and ambitious contribution to the global efforts towards attaining the goals set by the international community to combat climate change. 

The Fund will contribute to the achievement of the ultimate objective of the United Nations Framework Convention on Climate Change (UNFCCC). In the context of sustainable development, the Fund will promote the paradigm shift towards low-emission and climate-resilient development pathways by providing support to developing countries to limit or reduce their greenhouse gas emissions and to adapt to the impacts of climate change, taking into account the needs of those developing countries particularly vulnerable to the adverse effects of climate change. 

The Fund is governed by a Board, composed of an equal number of members from developed and developing countries. The Fund is operated by an independent Secretariat headed by an Executive Director. The Fund will pursue a country-driven approach in its operations. 

The Fund’s interns will be based at the Fund’s headquarters in Songdo, Incheon City, Republic of Korea. 

Internship Assignment 

The Intern will provide operational and administrative support to the Compliance team (within the Office of Risk Management and Compliance). S/he will have the opportunity to learn and expand her/his experiences by assisting with all compliance designated work, in particular with Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) and other related integrity matters. In addition, s/he will have the opportunity to apply her/his first-hand knowledge on institutional Compliance to the specifics of the Fund while supporting with the development and implementation of the Compliance Management Framework (Compliance Framework). 

Under the overall guidance of the designated primary and alternate supervisors within the Compliance team, the Intern is expected to: 

1. Support the Compliance team in conducting their individual responsibilities under the AML/CFT and Compliance Framework, which could include gaining insight into risk monitoring and assessment of funding proposals, readiness support proposals and disbursement signoffs. 

2. Support in the implementation of the AML/CFT and Compliance – related policies and guidelines focussing on integrity matters. 

3. Helping to develop the compliance assurance and documentation requirements, including record keeping and reporting of data and statistics. 

4. Assisting the Compliance team in ensuring proper due diligence of GCF programs within the remit of the Compliance function. 

5. Support monitoring and controls to ensure compliance with laws, statutes and other regulations, relevant internal rules, and procedures, and assuring that compliance and ML/FT risks are managed by the relevant function; and  

6. Other responsibilities may include providing support for (Board, Risk Management Committee) meetings and other events, performing general research tasks, preparation and editing of documents, taking minutes, preparing summaries of discussions, etc. as may be required. 

Requirements and qualifications 

1. Currently enrolled in or recently completed a master’s or similar post-graduate program in Law, Economics, Business, Public Administration or related fields;  

2. Basic understanding of Compliance principles and ethical behaviour and ideally in AML/CFT frameworks. 

3. Knowledge and experience and/or proven interest in compliance, integrity, financial crime, specifically anti-money laundering, countering the financing of terrorism, risk management. 

4. Strong interest in due diligence software applications. 

5. Insight and experience in operations of international organization is an added advantage. 

6. Good understanding and experience in drafting documents with strong emphasis in research, analysis, and attention to detail. 

7. Proficiency in using standard software programs: MS Word, Excel, PowerPoint, Outlook, and Access. 

8. Excellent writing and presentation skills.  

9. Fluency in English is essential; knowledge of another United Nations language, in particular French and Spanish, and/or Portuguese is an advantage; and 

10. Established reputation for integrity, sound judgement, fairness and discretion is a must. 

*The person assessed by the Selection Panel as most suitable for the position will be proposed for appointment. The above criteria should be seen as indicators of the experience and skills that would qualify candidates for consideration. Selection among short-listed candidates will also take into account performance at interview, appropriate testing, and references.  

Applications from women and nationals from developing countries are strongly encouraged to apply.