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Investment Risk Manager

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Date: Jul 27, 2022

Location: Incheon, South Korea (ICN), KR

Company: Green Climate Fund

Grade: IS - 5

Deadline: 21 August 2022 (11:59 PM KST)

Location: Songdo, Incheon, South Korea

Job Category: International

Salary: USD 128,600 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 192 projects in 123 countries and has committed USD 10.1 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 Objective

The Investment Risk Manager, reporting to the Head of The Office of Risk Management and Compliance, will be responsible for leading and preparing risk assessments of the Fund’s investment opportunities and advise investment committees, Board and management team to either accept the risks or mitigate them, with a particular focus on the financial soundness of the projects, the ability to justify concessionally, size of investment, pricing, and form of investment (grant, loan, equity). The incumbent is expected to lead a team of investment risk professionals to conduct due diligence, policy updates and tools maintenance and development.

 

Duties and responsibilities

Purpose

•    Innovate on existing risk assessment process to ensure alignment with GCF’s risk management framework and to ensure investments are within the risk appetite and tolerances of the Fund
•    Provide authoritative advice on risk taking to stakeholders and be the subject matter expert in assessing risks of investments 
•    Create, maintain, and utilize tools and processes to ensure the rigorous assessment of investment risk and return in projects/programmes

 

Engagement

•    Position the risk analysis team to contribute throughout the entire investment lifecycle – origination, assessment and implementation
•    Adapt the team capacity to contribute to a project team environment 
•    Promote a risk culture and awareness within the organization
 

Delivery

•    Plan and implement on the risk ratings/scoring models to ensure reward is commensurate with risk taken 
•    Plan and utilize team’s resources to support key governance structures (e.g. operations committee, climate investment committee, risk management committee etc.)  and ensure relevant risk/reward information is available to support decision-making
•    Organize knowledge management resources and tools to strengthen the quality of risk assessments of projects/programmes
 

Required experience and qualifications*

•    A minimum of a master’s degree or equivalent in Economics, Finance and/or Business Administration or related disciplines; 
•    At least thirteen (13) years of relevant international experience working in a similar setting e.g. international financial institution, ratings agency, international bank, development agencies or other similar institutions; 
•    Advanced analytical capacity including extensive experience with analytical tools; 
•    Financial modelling skill is a must; 
•    Strong writing skills, ability to work in multi-cultural environments; 
•    Professional experience in developing countries is an advantage; 
•    Fluency in English is essential; knowledge of 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.