Lead Risk Specialist Programming

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Description

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The mission of the Office of Risk Management and Compliance (ORMC) is to develop, manage and update comprehensive risk frameworks, policies and processes; identify, prioritize, monitor and manage actual and potential risks affecting the Green Climate Fund (GCF); and review pipeline and portfolio investments and programs to ensure that they are within the Fund’s risk tolerances,  comply with the Fund’s compliance and risk policies, and achieve optimal risk-reward for the Fund. 

The incumbent will be responsible for: 

• Leading the development, implementation and maintenance of the investment risk management framework related to GCF funded programs to identify current and emerging risk scenarios.
• Leading a team of experienced risk specialists to ensure that risk analysis is undertaken on GCF projects and programs, the financial and structural foundations, assumptions and premises of the projects are sound, GCF’s risk policies are adhered to, and the specific risks and applicable mitigations, are clearly articulated in the approval documentation. 
• Advising the Chief Risk and Compliance Officer and other members of the Secretariat Committees and Working Groups on programming risks.
• The incumbent will also support the Chief Risk and Compliance Officer to develop strategies and work programs, effectively manage the delivery of ORMC’s programing risk management programs, nurture collaboration within ORMC, with other Divisions and Offices of the Secretariat and other stakeholders of the Fund, and perform additional tasks as assigned by the Chief Risk and Compliance Officer.
• Innovate the existing program risk assessment approach to ensure maximum efficiency and effectiveness.  
• Lead the Team to create credit and investment risk management tools and methodologies to ensure rigorous assessment and monitoring of risks in projects and programs.
• Proactively advocate the establishment of innovative financing structures and establish among Risk Specialists the necessary expertise for creating risk review guidelines and performing risk assessments.
• Act as a trusted advisor to stakeholders that combines theoretical and practical perspectives in relation to risk identification and mitigation.
• Motivate Team members to excel in their individual specializations while ensuring coherence and teamwork.

Engagement:

• Advocate for risk learning and sharing culture and nurture collaboration within the Fund and with the Fund’s partners.
• Develop and lead the team’s resources and its capacity to perform timely and quality assessment on current and emerging risk scenarios.
• Showcase the value and assessments of the Team to influence relevant decision-making bodies, including Senior Management Team and Committees.

Delivery:

• Advise the Chief Risk and Compliance Officer on the strategic direction of the Team and allocation of resources to achieve goals in line with the Fund’s strategy.
• Set strategic goals and effectively manage delivery of programming risk management, accepting responsibility for outcomes.
• Lead and implement a systematic process to capture and disseminate knowledge, lessons learnt and good practices to strengthen GCF’s risk management processes with a focus on risk assessment and risk monitoring of GCF investments.

Requirements Education, experience, technical competencies required:

• Master’s degree in Finance, Business, Law, or equivalent is preferred.
• CFA, FRM or equivalent qualification is preferred. 
• At least 13 years of relevant work experience in cross-border transactions involving innovative financing including debt and equity with an international financial institution, financial or legal advisory firm, and/or a development institution; or 2 additional years of experience with Bachelor’s degree or equivalent.
• Proven experience of effectively managing diverse teams of risk specialists and/or investment professionals. 
• Extensive experience in risk management of innovative and complex financial instruments including financing to the private sector.
• Demonstrated ability to work in a multi-disciplinary and multi-cultural environment. 
• Broader regional experience including experience in or exposure to developing countries.
• Experience with different industry sectors, financial instruments and products, identifying risk drivers, and anticipating and addressing issues at the portfolio and transaction level. 
• Good understanding of macroeconomic and geopolitical issues.
• Understanding of venture capital specifically early stage and growth capital including series A funding is an advantage. 
• Excellent written and oral communication skills in English are essential for this position; knowledge of another UN language is an advantage.
• Knowledge of climate change and climate finance strategies of multilateral organizations and other international institutions is an advantage

Source:  https://jobs.greenclimate.fund/job/Incheon,-South-Korea-(ICN)-Lead-Risk-Specialist,-Programming/1048210901/

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