Description

 

Do you want to build a career that is truly worthwhile? The World Bank Group is one of the largest sources of funding and knowledge for developing countries; a unique global partnership of five institutions dedicated to ending extreme poverty and promoting shared prosperity. With 189 member countries and more than 120 offices worldwide, we work with public and private sector partners, investing in groundbreaking projects and using data, research, and technology to develop solutions to the most urgent global challenges. For more information, visit www.worldbank.org. 

 

The Sustainable Development Practice Group & the Climate Change Group

 

Climate change, poverty, and inequality are the defining issues of our age. The World Bank is the biggest multilateral funder of climate investments in developing countries. Over $32 billion in 2022 alone – accounting for over half of multilateral climate finance to developing countries—and over two-thirds of adaptation finance. We intend to go further in helping countries reduce poverty and rise to the challenges of climate change with our revamped mission to create a world free from poverty on a livable planet.

 

The Sustainable Development (SD) Practice Group (PG) helps countries tackle their most complex challenges in the areas of Agriculture and Food, Climate Change, Environment, Natural Resources & Blue Economy, Environmental and Social Framework, Urban, Disaster Risk Management, Resilience & Land, Social Sustainability and Inclusion, and Water. The Climate Change Group (CCG) resides in the SD PG and is responsible for mainstreaming climate change across the Bank and scaling climate finance.

 

The Climate Finance & Economics Unit

 

The Climate Finance & Economics Unit (SCCFE) is one of five units in the World Bank’s Climate Change Group (CCG). The mandate of the unit encompasses three workstreams:

 

(i)   Climate analytics and diagnostics: development of climate analytics and diagnostics, including tools, instruments and flagship reports that inform climate policy, priorities and finance;

(ii)    Carbon markets & finance and carbon pricing: support client countries on carbon markets and carbon pricing and drive innovation in international carbon markets infrastructure; and 

(iii)  Scaling up and innovation in climate finance: develop innovative climate finance instruments and business models to help the Bank scale up climate finance. 

 

SCCFE accomplishes its mandate in close collaboration with other units within CCG and other regional teams and global practices (GPs).

About the Position: 

SCCFE is seeking a highly motivated Senior Climate Finance Specialist. The selected candidate

• will contribute to the thought leadership for and delivery of the climate finance workstream and support the delivery of the SCCFE’s carbon markets and finance and carbon pricing work program. 

• is expected to demonstrate solid understanding of key climate change issues, climate finance and carbon markets. 

• will have as a proven track record in originating and structuring innovative climate finance solutions, in particular have the ability to structure and integrate financial innovation into World Bank products and operations. 

• is expected to have strong analytical and project management skills, superb attention to detail, and excellent communication, interpersonal skills and ability to work in collaboration with different Global Practices, Regional Operations team, World Bank Treasury, IFC and MIGA and external entities. 

The position will be based in Washington, DC and will report to SCCFE’s Practice Manager.

Duties & Accountabilities 

• Contribute the strategy for and execution of SCCFE’s climate finance workstream and provide expertise and insight on climate finance for climate change mitigation and adaptation.

• Structure innovative climate finance approaches and integrate financial innovation into World Bank products and operations, including on the design and implementation of interventions that maximizes mobilization of international and domestic climate funds including from public and private sectors for climate investments.

• Support identification and development of new synergies and partnerships, and deepen existing engagements across teams within the World Bank Group and externally, where climate finance approaches and instruments have the potential to support countries in transitioning to low carbon economies and mobilizing finance. 

• Participate as core team member in policy and/or investment operations in relevant sectors and collaborate with regional operations teams to source, evaluate, develop, and execute innovative business models, financial structures, and country-led platforms to scale up climate finance in World Bank operations. 

• Playing a leading role in supporting Global Practices and Regions on developing project pipeline for climate transition programs across sectors.

• Collaborate with Regions, Global Practices, World Bank Treasury and other departments, IFC and MIGA for sustainable development of climate-smart investments through regular outreach with global climate funds and private sector initiatives, ESG investors, rating agencies, public and private stakeholders, including government client counterparts, private sector, thinktanks, NGOs, etc.

• Playing a leading role in designing innovative financing products, including blended finance structures, for scaling-up climate finance in World Bank operations through global climate funds, international and domestic public and private sectors, ESG capital markets, results based climate finance and other sources.

• Contribute to leading the design and implementation of analytical services and advisory programs and knowledge products on cutting-edge areas of climate finance and carbon finance. Disseminate WB capabilities, products and instruments to scale-up climate finance through targeted knowledge products, blogs and webinars.

• Support internal and external clients on knowledge, innovations, trends, and approaches to climate finance, working closely with sector specialists to create a seamless interface for clients between low carbon transition and broader sector reform policies, dialog and technical assistance.

• Collaborate with Lead Climate Finance Specialist and SCCFE Practice Manager to set the agenda for and organize meetings of the cross-World Bank Group Climate Finance Working Group.

• Prepare and deliver training on climate finance for internal World Bank Group staff and clients.

• Mentor staff in the Climate Finance workstream and the wider SCCFE team as needed.

Perform other duties and functions as assigned by the SCCFE Practice Manager, SCCFE Lead Climate Finance Specialist, or other SCCFE leads. 

Selection Criteria

 

World Bank Group Core Competencies

The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.

We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.

Learn more about working at the World Bank and IFC, including our values and inspiring stories.