Chief Finance and Risk Officer

tendersglobal.net

The Chief Finance and Risk Officer (CFRO) leads all financial and risk aspects of the Fund, including financial planning, financial reporting and controlling, budgeting, accounting, treasury, and enterprise-wide risk management. S/he ensures the financial and operational integrity of the organization and is accountable for all aspects of the financial statements of the Fund as well as leading the design, formulation, and implementation of all policies related to all the above areas. The CFRO safeguards GCF financial stability and protects its assets by identifying, assessing, mitigating, and monitoring all risks that could impact the Fund’s operations and performance. S/he is a member of the executive leadership team. As a strategic thought partner and financial steward, the CFRO will collaborate with other members of the executive leadership to ensure the organization’s financial health and resilience in a dynamic global environment.
Strategy: as a member of the executive leadership team, contributes to the overall direction setting and strategic development of the organization; develops and implements innovative financial strategies aligned with the organization’s mission and growth objectives; and formulates high-level budgetary and accounting strategies and frameworks.
Policy: Leads the design, formulation, and implementation of all policies relating to financial, treasury, budgeting, accounting, and risk management.
Internal Financial Planning: Drives a culture of innovation throughout the department, encouraging creative thinking and adaptive problem-solving; leads robust internal financial planning, accounting, budgeting, and analysis, supported by clear business analytics, that enables the executive leadership to make decisions that are fact-based and risk-informed.
Risk Management: Drives and oversees the establishment and implementation of a robust risk management framework and necessary systems to identify, assess, and mitigate potential risks; catalyzes and instills approaches throughout the Fund to help regions implement and maintain sound risk management approaches across all categories of risk, including necessary early warning systems to ensure appropriate oversight and audit performance and results.
Engagement:
  • Stakeholders: Partners with the executive leadership in the Fund’s replenishment process and growth strategy, including interactions with contributors and key stakeholders; explores opportunities for strategic partnerships and financial collaborations to support organizational objectives. Coordinates with Chief Strategy and Impact Officer on resource mobilization issues.
Delivery:
  • Organizational Effectiveness: Drives efficiency in financial planning, accounting, budget management, achievement of financial targets and goals, and effectiveness in risk management.
  • Strategy: Develops and implements financial plans and strategies, demonstrated by robust financial health and resilience of GCF.
  • Risk: Advises executive leadership on risk exposures and mitigation strategies. Strengthens the risk and control framework and underlying systems and analytics to effectively manage all risk aspects of the Fund.
  • Stakeholders: Enhances stakeholder satisfaction via transparent and timely financial reporting, achieving agreed-upon financial targets, and demonstrating fiscal responsibility; and cultivates and maintains relationships with financial institutions, investors, and all other relevant stakeholders.
  • Team Performance: Defines roles and responsibilities in the team; holds team members accountable for outcomes; provides effective feedback; fosters a culture of accountability and continuous improvement.
  • Board: Provides timely, accurate, and comprehensive reporting to the Board and relevant committees; leads implementation of Board decisions on financial and risk matters; and obtains feedback from the Board on financial performance and strategic financial initiatives. Presents annual financial statements to the Board.
Requirements (Education, experience, technical competencies required of the job):
  • At least 15 years of relevant experience. Significant experience and track record of success in progressive financial leadership positions, with experience working at the executive level with Boards and technical Board committees (finance, budget or audit);
  • A postgraduate degree in finance/MBA/qualified chartered accountant/CPA equivalent is required;
  • Experience in IFRS-based financial reporting including facing and responding to audits conducted by globally recognized external auditors is strongly preferred;
  • Demonstrated record of successfully developing and executing accounting, financial reporting, and risk management in a complex, multi-stakeholder, global organization;
  • Comprehensive knowledge of capital and money markets, including treasury and investment functions and experience in dealing with Trustees and banks is desirable;
  • Experienced in establishing state-of-the-art internal financial systems, performance thresholds, and processes appropriate for a large multilateral financial institution and managing institutional change;
  • Sound knowledge of the International Financial Reporting Standards, and a thorough understanding of risk management function within a financial institution environment;
  • Demonstrated ability to lead sizeable and diverse teams;
  • Familiarity with international development, multilateral development banks and/or the UN system would be an advantage. Fluency in both written and spoken English; knowledge of another UN language is desirable.

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