Compliance Consultant

Background

The mission of the Green Climate Fund (“GCF”) 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 Fund seeks to engage a Compliance Consultant to carry out the duties and responsibilitiess and provide support to the hiring unit as detailed below. The assignment is for an initial 75 days over a 5 month period.

Role

The Department of Risk Management and Compliance (DRMC) comprises the Risk and Compliance units. Combined, ORMC’s function is to to: (a) develop, manage and update comprehensive risk and compliance frameworks, policies and processes; (b) identify, prioritize, monitor and manage actual and potential risks affecting the GCF; and (c) review proposed and actual GCF investments to ensure that they are comply with the Fund’s compliance and integrity policies.  This role sits within the Compliance Unit.

Under the overall supervision of the Chief Risk and Compliance Officer, the Compliance Consultant will report to the Compliance Manager and be mainly responsible for Anti-Money Laundering (AML), Counter Financing of Terrorism (CFT) as well as related compliance and integrity risk mitigation across GCF’s operations and institutional matters. S/he will work closely with the Compliance Officers,  Compliance Specialist, interdivisional teams, and the Independent Integrity Unit.

Duties and responsibilities

Under the guidance of the Compliance Manager, the Compliance Consultant will mainly be responsible for (but not limited to) supporting compliance risk management in relation to the Fund’s private sector investment by:

• Conducting in depth secondary due diligence of concept note, proposals for funding, and adaptive management requests 
• Providing clearly written assessments capturing key risks and mitigants, as well as risk rating advisory and recommendations to enhance project design.
• Engaging with origination/implementation teams and articulating related guidance as subject matter expert during funded activities development and implementation to ensure sound application of appropriate  AML/CFT and prohibited practices controls.
• Supporting the team with subject matter expert knowledge due diligence screening (including economic sanctions), integrity risk mitigation, and other related matters;
• Contributing to other work as may be assigned by the Compliance Manager and/or the Chief Risk and Compliance Officer. 

        Required experience and qualifications

• Postgraduate (master’s) degree or equivalent in Law, Business Administration, Accounting, Finance or related field is required. A first-level university degree in similar fields in combination with two additional years of qualifying experience may be accepted in lieu of a postgraduate (master’s) degree.
• A minimum of 9  years of relevant professional work experience in AML/CFT and/or integrity due diligence, with at least 6 years an international setting is required.
• At least 5 years experience in global banking or international financial institutions is required.
• Professional certification by Association of Certified Anti-Money Laundering Specialists (ACAMS), Association of Certified Fraud Examiner (ACFE) or similar would be an advantage
• Excellent drafting and presentation skills
• Ability to adapt, influence and persuade others and to take unpopular positions when necessary
• Demonstrated capability to work both independently and work collaboratively within a team
• Ability to work under pressure and balance multiple work priorities
• Fluency in English is required and Spanish is desirable                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            

Applications from women and citizens from developing countries are strongly encouraged. Please indicate your earliest availability to take on the assignments and the notice period required, if currently employed.  The closing date for applications is 20th March 2025 at 23:59 (KST). Applications submitted after the closing date may not be considered