SUSTAINABLE FINANCE SENIOR OFFICER, PARAGUAY

INTRODUCTION TO GGGI

The Global Green Growth Institute (GGGI) is a treaty-based international, inter-governmental organization dedicated to supporting and promoting strong, inclusive and sustainable economic growth in developing countries and emerging economies. To learn more please visit about GGGI web page. 

CONTEXT

GGGI has a rapidly expanding sustainable finance portfolio, assisting public and private financial sector actors to design, structure and bring to market innovative sustainable finance solutions, including green, social and sustainability bonds, sustainability-linked instruments, debt for nature/climate swaps, green credit and guarantee schemes. Since 2017, GGGI has successfully mobilized investment commitments exceeding USD 10 billion towards its member countries’ NDC and SDG goals.

GGGI is seeking to expand its sustainable finance footprint in Paraguay to deliver demand-led support to the Ministry of Economy and Finance in greening Paraguay’s finance sector, and assist the implementation the Global Green Bond Initiative (GGBI) and Global Trust Fund on Sustainable Finance Instruments (GTF), among other programs.

GGGI is committed to provide assistance to the Ministry of Economy and Finance of the Government of Paraguay to green the public and private financial sectors, providing demand-led support across a broad set of priorities and opportunities, including:

 

Priorities	Opportunities
Transforming the financial architecture	Integrating climate and nature-related financial risks in the banking sector
Leveraging concessionary financing to expand private flows
Capturing the climate opportunity in insurance
Strengthening the bankability of green projects	Alignment of financial flows with 1.5°C scenarios
Enhancing the local ecosystem for climate investment
Aligning climate and development needs	Creating synergies between development and climate action
Mainstreaming climate change mitigation and adaptation into financial systems
Support a fair, science-based transition of grey industries
Improving data and transparency	Standardization of classification and reporting methodologies and processes
Enhancing the transparency and disclosure of climate finance data

 

POSITION SUMMARY

Based in Asunción, the Sustainable Finance Senior Officer will lead the delivery of GGGI’s sustainable finance technical assistance to the Ministry of Economy and Finance, coordinate and support the implementation of sustainable finance transaction advisory to public and private financial sector actors.

 

PURPOSE

The Senior Officer will lead the identification and engagement of public and private financial sector actors to accelerate the design of innovative sustainable finance instruments, including but not limited to thematic bonds, to increase the flow of finance towards Paraguay’s NDC and SDG goals.

The Sustainable Finance Senior Officer will possess extensive sustainable finance expertise, acting as the country program’s principal sustainable finance expert, with minimal need for external consultant, in line with GGGI delivery model. The Senior Officer will report to GGGI Head of Programs and Investment Lead for Latin America and the Caribbean and be part of an international sustainable finance team across the globe. 

The Senior Officer will be based within the premises of the Ministry of Economy and Finance.

 

ENGAGEMENT

• Maintain close engagement with the Ministry of Economy and Finance to identify needs, design and deliver solutions and technical assistance.

• Engage with public and private financial sector actors to originate sustainable finance opportunities.

• Build and maintain strong relationships with local financial institutions, national development banks, international financial institutions and international climate funds.

• Map, identify and engage with potential green bond issuers, stock exchanges, SPO providers and relevant industry actors.

• Regularly engage with donors and cooperation partners to explore, identify, and materialize funding opportunities to expand GGGI’s sustainable finance interventions in Paraguay.

 

DELIVERY

• Lead the origination, design and structuring of sustainable finance instruments.

• Deliver demand-based technical assistance to the Ministry of Economy and Finance to design and implement sustainable finance instruments, regulations and policies, including but not limited to: taxonomies, climate-budget tagging, climate finance strategies, international climate funds’ funding proposals, thematic bonds and swaps, among others.

• Develop green bond issuers’ Frameworks, including i) Use of Proceeds, ii) Process for projects identification and selection, iii) Management of Proceeds, iv) Monitoring and reporting.

• Deliver capacity building to public and private financial sector actors in the form of workshops, webinars and bilateral engagement to build awareness and capacity on climate- and nature-related financial risks.

• Accompany issuers and counterparts in the engagement with capital providers and investors, including but not limited to the organization and delivery of deal and non-deal investor roadshows.

 

REQUIREMENTS

QUALIFICATIONS

• Bachelor’s degree in Economy, Finance, Public Administration, or other related fields.

• An advanced degree in Finance, Public Administration, Economics, International Affairs or other relevant field is valued.

• Preferably 9 years of professional experience in sustainable and climate finance.

• Prior work experience with the Ministry of Economy and Finance or Paraguay Central Bank is a strong asset.

• Prior experience with green, social, or sustainable bonds is desirable.

• Familiarity with national and international taxonomies is strongly preferred (e.g. EU taxonomy, Climate Bond Initiative).

• Experience and familiarity with sustainable finance and sustainable banking standards is an asset.

• Excellent written and oral communication skills in English and Spanish are essential for this position (the selection process will involve a technical test in English).

• A national of Paraguay, or in possess of a valid working visa

 

FUNCTIONAL

• Exceptional analytical skills, alongside strong synthesis skills.

• Leadership, teamwork and creative problem-solving abilities.

• Able to pick up and assimilate relevant information quickly and easily. Learns new tasks rapidly. Responds swiftly and appropriately. Can think on their feet in rapidly changing environments.

• Excellent ability to multi-task and prioritize under stressful circumstances.

• Attention to detail, quality control and strong organizational abilities.

 

CORPORATE

• Understand and actively supports GGGI’s mission, vision and values.

• Promote an organizational culture of trust, transparency, respect and partnership.

• Process and share information easily.

• Manage emotions and stress positively, builds rapport and resolves conflict easily.

• Promote creativity and innovation among staff.

• Be able to lead where needed and provide solutions to project-level challenge.

 

WORKING CONDITIONS

The Sustainable Finance Senior Officer is an X9 grade level in GGGI’s Paraguay Salary Scale. For X9 national grade, the base salary ranges from USD 47,104 to USD 75,367. Determination of base salary is subject to candidate’s experience, academic background and internal equity. GGGI provides 15% of base salary towards retirement plan/long-term savings, 27 days of annual leave, and private health insurance that covers dental and vision.

GGGI is committed to providing a work environment that is sufficiently flexible to accommodate diverse life-cycle challenges and assist Staff members to achieve a better balance between work and personal/family commitments, thus ensuring high performance, long-term productivity, and well-being of Staff members.

 

Child protection – GGGI is committed to child protection, irrespective of whether any specific area of work involves direct contact with children. GGGI’s Child Protection Policy is written in accordance with the Convention on the Rights of the Child.