Deadline: 5 February 2023 (11:59 PM KST)
Job Category: International
Salary: USD 138,750 net (plus attractive benefits, that include the following allowances (as appliable): Relocation, dependency, education assistance and home country travel)
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.
The Compliance Manager, reporting to the Head of the Office of Risk Management & Compliance, will lead in the further development, implementation and maintenance of the compliance risk framework and utilize technology and enterprise risk reporting approach to ensure adherence of the framework and to provide the Board and management team with the information needed to set strategy. The incumbent will be expected to lead a team of compliance professionals and promote knowledge sharing and collaboration across the organization.
- Ensure that policies, guidelines, tools related to the compliance risk framework are maintained and evolved to meet GCF’s needs over time
- Create and maintain effective and comprehensive reporting for the Board committees and management team pertaining to enterprise-wide compliance risk factors, including identifying and developing metrics and dashboards
- Expand the involvement of the Compliance function in assessing compliance risks of the Fund
- Innovate the compliance risk management process through utilization of KYC and screening services
- Motivate the Compliance team members to excel in their individual specializations while ensuring coherence and teamwork
- Lead and manage all aspects of enforcing the compliance risk framework, which includes performing an enterprise-wide compliance risk assessment to identify, measure, monitor and mitigate compliance risks in the operations of the Fund
- Advocate for a strong compliance learning and sharing culture; and position the compliance team to be more value-adding during the project cycle approach
- Advise Board members and committees and internal stakeholders on compliance matters
- Nurture collaboration within the Compliance team, with other units of the ORMC, with other divisions/offices of the Fund and with the Fund’s partners;
- Resolve conflicts and optimize the ability of the Compliance team to perform the due diligence function of the team
- Implement frameworks that synthesize best practice and relevant measures to identify and mitigate compliance risk across GCF’s portfolio, treasury, internal systems, and counterpart/stakeholder activities
- Identify and implement guidelines and compliance systems for assessing enterprise-wide compliance risk
- Plan and recommend to the Head of Office an appropriate allocation of resources for the Compliance function to achieve goals
- Build lessons learned and good practices, and utilize knowledge management learning platforms and tools to strengthen the quality of compliance risk assessments of projects/programmes
- Develop the strategic direction of the Compliance team, and develop the team members’ capacities to deliver on their tasks in line with the overall strategy
Required experience and qualifications*
- Master’s Degree or higher in Law, Business Administration, Accounting, Auditing, or other related discipline required.
- A minimum of eleven (11) years of relevant professional experience demonstrating progression of responsibilities of which a minimum of five (5) years should be in managing a team of compliance specialists preferably in an international organisation.
- Excellent people management skills with ability to lead and manage performance of a highly specialised team
- International and fast-paced organization experience is preferred.
- Certification in International Compliance Association (ICA), Association of Certified Anti-Money Laundering Specialists (ACAMS), or similar professional certification such as Certified Fraud Examiner (CFE) is highly desirable; professional qualification as a lawyer or equivalent would be an advantage
- Proven experience with “Know-Your-Customer,” AML/CFT, anti-corruption and anti-fraud best-practices.
- Experience in dealing with matters related to the prevention and protection from sexual exploitation, sexual abuse, and sexual harassment is an advantage.
- Fluency in English is essential and working knowledge of another UN language is an advantage
The closing date for application is 5 February 2023. Applications submitted after the deadline may not be considered.
*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.