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UNICEF works in some of the world’s toughest places, to reach the world’s most disadvantaged children. To save their lives. To defend their rights. To help them fulfill their potential.
Across 190 countries and territories, we work for every child, everywhere, every day, to build a better world for everyone.
And we never give up.
For every child, innovate.
The incumbent is placed within the Innovative Finance Hub in Helsinki, reporting to the Principal Advisor, Innovative Financing, PFP. He/she will work closely with other divisions specifically the IF4C division of PFP as well as OED, PPD, PG, DFAM, Legal and SD.
UNICEF recognizes that innovation is a key feature of its current and future strategy to solve the complex challenges (i.e. conflict and displacement, urbanization, disease outbreak, disasters, and climate change, among others) faced by millions of children and adolescents across the globe. What is needed now to deliver on these challenges for children, is a platform capable of fostering a truly experimental, enabling culture to co-create innovative financing approaches not just from the top down, but also the grassroots – and to bring them to scale, via a sustainable, transparent process, while accessing the untapped global financial solutions.
Further, the governments of the world have set out an ambitious agenda through the Sustainable Development Goals. The annual financing gap to achieve the SDGs by 2030 sits at USD 3.9 trillion, which shows that the current approach is not working. Although the sheer size of the global financial markets represents an enormous, untapped reservoir of potential support for achieving the SDGs, very little of this global financing is being channeled towards the needs of sustainable development or, more specifically, towards meeting the needs of children, and certainly not at the scale and speed necessary. We need to imagine, encourage, and create ways of thinking to bridge the gaps – particularly between philanthropic funding and financing options through the use of new financial structures (e.g. blended funds, loans/guarantees, impact bonds). The Hub is an integral part of Innovative Finance for children (IF4C) strategy with the objective to implement customized, ‘fit for purpose’ innovative finance instruments to Align, Amplify, Accelerate and Access new sources of financing and funding and Apply new alternative solutions for children over the next 4 years.
In the first year of implementation, IF4C has set up a clear governance mechanism as well piloted some key transactions including the WB bond, Today and tomorrow, the RUTF window and the Polio outcome financing as well as the launch of Child Lens investing Framework (CLIF). The Innovative Finance Hub is part of leveraging, adapting, and replicating the above child focused pilot transactions within the collaborative mechanisms and governance in place. This will also include a closer engagement, in coordination with PPD and PFP with stakeholder like the National Committee, Regional and Country offices, other UN agencies and the Executive Board.
Underpinned by the UNICEF Global IF4C Strategy the Innovative Finance Hub in Helsinki will develop new transformational strategies, standards & frameworks:
The Innovative Finance Hub in Finland will contribute to reimagine how UNICEF operates, accelerates and streamlines finding new sources of funding and financing to fill the SDG gap – to protect gains made, rebuild from losses from COVID-19 and radically accelerate progress towards the SDGs for children. Chief IF Hub Finland will be at the forefront of building an IF Hub platform that, in coordination with other IF initiatives and streams, will:
The aim is to build a genuine, global thought leadership around innovative financing that not only be transformational for UNICEF business model but also serve as a catalyst for change within the development finance and the development community at large.
Purpose for the job
The incumbent will be leading the Global Innovative Finance Hub from Helsinki to drive IF approaches and efforts in line with UNICEF IF4C strategy and Strategic Plan and connecting to the wider development finance and impact investing ecosystem and community. Complementarily, this Chief of Hub/Sr. Advisor will work closely with the Principal Adviser and other parts of the UNICEF HQ offices, Country and Regional Offices to build a Centre for Excellence of child-aligned credible, sustainable standards and indicators for investing and defining impact criteria/metrics. This role aims to feed the appetite of a wide range of investors and financial institutions, bridging the gap between public and private actors through the tools of Innovative Finance to generate exponential impact for children and young people and accelerate SDGs reach.
How can you make a difference?
The Senior Advisor / Chief of Innovative Finance Hub responsibilities will include coordinating and managing the following:
The incumbent will contribute to the overall IF4C strategy and results including;
To qualify as an advocate for every child you will have…
For every Child, you demonstrate…
UNICEF’s Core Values of Care, Respect, Integrity, Trust and Accountability and Sustainability (CRITAS) underpin everything we do and how we do it. Get acquainted with Our Values Charter: UNICEF Values
UNICEF competencies required for this post are…
(1) Builds and maintains partnerships (2) Demonstrates self-awareness and ethical awareness (3) Drive to achieve results for impact (4) Innovates and embraces change (5) Manages ambiguity and complexity (6) Thinks and acts strategically (7) Works collaboratively with others. (8) Nurtures, leads, and manages people
During the recruitment process, we test candidates following the competency framework. Familiarize yourself with our competency framework and its different levels: competency framework here.
UNICEF is here to serve the world’s most disadvantaged children and our global workforce must reflect the diversity of those children. The UNICEF family is committed to include everyone, irrespective of their race/ethnicity, age, disability, gender identity, sexual orientation, religion, nationality, socio-economic background, or any other personal characteristic.
We offer a wide range of benefits to our staff, including paid parental leave, breastfeeding breaks and reasonable accommodation for persons with disabilities. UNICEF strongly encourages the use of flexible working arrangements.
UNICEF has a zero-tolerance policy on conduct that is incompatible with the aims and objectives of the United Nations and UNICEF, including sexual exploitation and abuse, sexual harassment, abuse of authority and discrimination. UNICEF is committed to promote the protection and safeguarding of all children.
Remarks:
Only shortlisted candidates will be contacted and advance to the next stage of the selection process. Mobility is a condition of international professional employment with UNICEF and an underlying premise of the international civil service.
UNICEF appointments are subject to medical clearance. Issuance of a visa by the host country of the duty station, which will be facilitated by UNICEF, is required for IP positions. Appointments are also subject to inoculation (vaccination) requirements, including against SARS-CoV-2 (Covid). Should you be selected for a position with UNICEF, you either must be inoculated as required or receive a medical exemption from the relevant department of the UN. Otherwise, the selection will be cancelled.
All selected candidates will undergo rigorous reference and background checks and will be expected to adhere to these standards and principles. Background checks will include the verification of academic credential(s) and employment history. Selected candidates may be required to provide additional information to conduct a background check.
Government employees that are considered for employment with UNICEF are normally required to resign from their government before taking up an assignment with UNICEF. UNICEF reserves the right to withdraw an offer of appointment, without compensation, if a visa or medical clearance is not obtained, or necessary inoculation requirements are not met, within a reasonable period for any reason.
Advertised: FLE Standard Time
Deadline: FLE Standard Time
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