Senior Portfolio Management Specialist
Green Climate Fund (GCF)
Close on 15 Jul 2020
Location: South Korea
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Added 3 weeks ago
Job Description

Grade: IS - 5

Deadline: 14 July 2020 (11:59 PM KST)

The mission of the Green Climate Fund (“GCF”, “Fund”) is to assist developing countries to respond to climate change while bringing prosperity to their peoples.

Established in 2010, the GCF invests in transformational climate projects in the developing world. The Fund makes an ambitious contribution to global climate action and channels significant financial resources into developing countries to help build low-emission and climate-resilient societies. It is country-driven and undertakes actions that reflect the circumstances of each country concerned and its national aspirations. The GCF is a key enabler of the 2015 Paris Agreement on Climate Change.

The GCF’s diverse workforce is advancing its mission from its headquarters in South Korea. Our talented staff makes unique contributions to the Fund, enriching the institution through their combined expertise and professional commitment.

Position Objective

Senior Portfolio Management Specialist will lead a team of portfolio management specialists within the Portfolio Implementation Monitoring and Management (PIMM) team and strengthen the monitoring of public and private sectors Funded Activities and Readiness Program’s implementation performance and results. S/he will be responsible for the overall performance of the PIMM workstream and will be reporting to the Head of OPM. The Senior Portfolio Management Specialist will lead PIMMs interactions with other interdivisional teams and external stakeholders to ensure their buy-in and contribution on required portfolio management decisions and actions. S/he will lead engagement and work closely with AEs, DPs, NDAs, and other internal/external stakeholders, on portfolio management implementation and reporting issues. Senior Portfolio Management Specialist will also be responsible for ensuring proper monitoring of compliance of Fund investments with legal agreements as well as Fund policies and procedures; monitoring the Fund’s equity holdings and devising exit strategies; and providing strategic and technical guidance and leadership to the team and contribute to the establishment, review and refinement of portfolio management frameworks, policies, and guidelines as well as on-going supervision and management of the Fund’s Projects/Programs after first disbursement until completion and final evaluation.

Duties and Responsibilities

Purpose

  • Advise and support the Head of Office of Portfolio Management on strategic matters e.g. leading the development and application of new portfolio management framework and processes, policies, procedures, norms and standards, etc. to improve GCF’s Funded Activities and Readiness portfolio performance and to create a best practice unit;
  • Define new tools, approaches, and strategic workstream priorities to adaptively manage and strengthen the quality of portfolio implementation and results of Readiness Program and both public and private sector Funded Activities in accordance with Fund Objectives and various contexts and stakeholder requirements;
  • Motivate, mentor and harness the skills and experience of the PIMM team members (Portfolio Management specialists, analysts, consultants and interns) by delegating responsibilities, providing guidance, learning opportunities and supervision to drive and reward performance, build team cohesion and prevent/resolve problems/conflicts;

Engagement

  • Lead and oversee the review of progress, evaluation and financial reports from Accredited entities, Delivery Partners and NDAs, as well as follow-up and engage with these stakeholders to ensure all projects report, adhere to and comply with GCF’s policies and standards; Board approved terms and conditions and, where necessary, develop appropriate support/response strategies to promote compliance by these stakeholders;
  • Lead the extraction, documentation, and sharing of knowledge emanating from GCF portfolio implementation experiences and results to showcase emerging trends, lessons and best practice as well as influence and improve projects selection, review, implementation and monitoring and evaluation policies and practices of GCF and peer organizations;
  • Lead and leverage on the Fund’s experience to:
    • promote partnerships and best practices;
    • shape discussions, thoughts, and trends;
    • inform PIMM’s participation in various (high-level) working groups and fora; and
    • represent Office of Portfolio Management and GCF in workshops and conferences on climate finance;

Delivery

  • Lead the formulation early warning signals for the portfolio; advocate for and lead the implementation of portfolio management strategies and actions to mitigate the downside risk of the portfolio through policy and procedural reviews, processing waivers, extensions, restructuring, cancellations, conducting ad-hoc missions among other adaptive management measures, to improve portfolio performance and strengthen results;
  • Implement strong relationship management strategies to communicate, maintain trust and engage internal and external stakeholders on a range of portfolio and projects issues to enhance operational effectiveness; proactive management of Fund investments as well as anticipate and respond to client needs while looking out for GCF’s interest;
  • Define workstream goals; create a clear and thorough roadmap for portfolio implementation monitoring and management based on the industry best practices; monitor, analyze and manage key metrics; and define, advocate for and manage workstream resources through e.g. participation in development and monitoring of budgets, identifying and managing staffing needs (e.g. interviewing, hiring, new hire and ongoing training, annual evaluations, etc.);
  • Lead and oversee the preparation and presentation of internal and external monitoring reports including Annual Portfolio Performance Reports, portfolio progress, and analytical reports to various internal and external stakeholders including Senior Management and Board.

Required Experience and Qualifications*

  • Master’s degree in economics, environmental studies, business administration, finance, or other relevant fields;
  • Minimum 11 years of relevant work experience in public and private sector operations (including capacity building programs) including in project planning, design, financing, management, implementation and development policy issues; monitoring and evaluation;
  • Demonstrated experience, understanding, and ability to contribute to and enforce policy, institutional, financing, social and environmental requirements in project/program implementation;
  • Experience working with public and private sector clients/partners at a strategic and operational levels. Experience working in developing countries is a definite advantage;
  • Proven experience in providing quality policy and project advice to national and international clients, and in transferring knowledge;
  • Fluency in English is essential, and knowledge of another United Nations language is an advantage;
  • General understanding of the (grants, debt, guarantees, and equity);
  • Strong portfolio management, financial and credit analysis skills and a demonstrated understanding of various Fund’s instruments, blended finance and sector investment areas, evidenced by a proven track record in the delivery of operations within International Institutions or context;
  • Demonstrated ability to understand the nature of GCF varies portfolio and sector focus in one or more climate change areas(s);
  • Strong client and communications skills, backed by an ability to articulate and present ideas well both in writing and orally to a diverse audience of stakeholders at technical and strategic levels;
  • Knowledge of the operational framework and fiduciary standards of international institutions backed by excellent analytical skills and problem-solving skills;
  • Strong Interpersonal/relationship management and negotiation skills coupled with tact and ability to handle sensitive situations and communicate effectively;
  • Ability to work in a multicultural environment with diverse stakeholders at different technical and strategic levels– staff, Board and external stakeholders;
  • Outstanding interpersonal skills and proven ability to function effectively as a team leader or team member of multi-disciplinary and multicultural teams and to resolve conflicts constructively;
  • Highly motivated, unquestionable integrity and adherence to the highest ethical standards;
  • Strong sense of service to GCF and its stakeholders, openness to feedback, and to new ideas.

*The person assessed by the Selection Panel as most suitable for the position will be proposed for appointment. Selection among short-listed candidates will also take into account performance at interview, appropriate testing, and references. Applications from women and nationals of developing countries are strongly encouraged.

About GCF

The Green Climate Fund (GCF) is a new global fund created to support the efforts of developing countries to respond to the challenge of climate change. GCF helps developing countries limit or reduce their greenhouse gas (GHG) emissions and adapt to climate change. It seeks to promote a paradigm shift to low-emission and climate-resilient development, taking into account the needs of nations that are particularly vulnerable to climate change impacts.

It was set up by the 194 countries who are parties to the United Nations Framework Convention on Climate Change (UNFCCC) in 2010, as part of the Convention’s financial mechanism. It aims to deliver equal amounts of funding to mitigation and adaptation, while being guided by the Convention’s principles and provisions.

When the Paris Agreement was reached in 2015, the Green Climate Fund was given an important role in serving the agreement and supporting the goal of keeping climate change well below 2 degrees Celsius.