Investment Risk Specialist

Green Climate Fund

Incheon, South Korea

Experience: 3 to 5 Years

Skill Required: Accounts and Finance

The mission of the Office of Risk Management and Compliance (ORMC) led by the Chief Risk and Compliance Officer is to: develop, manage and update comprehensive risk and compliance 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 ORMC has two Units, the Risk Unit and the Compliance Unit.
The Investment Risk Specialist, reporting to the Risk Manager and working with other Specialists, will be responsible for reviewing funding proposals and post approval amendments and restructuring requests to provide an objective and independent risk assessment and solution oriented advice to management and programing teams. The incumbent will actively engage with other members of the deal team and synthesize her/his risk assessment into the secretariat assessment submitted to the Board. The Specialist will also play an important role in the development and revision of investment risk guidelines and tools.
Create, maintain, and apply, with guidance from the Risk Manager as needed, credit and equity standards, deal acceptance criteria, risk tools and knowledge management products to ensure rigorous assessment of funding proposals and proactive management of portfolio projects
Review and improve investment risk review process for maximum effectiveness and efficiency
  • Collaborate with other members of the ORMC, the origination and portfolio teams to ensure that risks and opportunities are identified and fully understood throughout the approval and portfolio management process
  • Provide expert advice on risk mitigation and persuade stakeholders to improve the risk and reward profile of the funding proposals and restructuring requests
  • Review complex funding proposals and post approval amendments and restructuring requests in accordance with the Risk Management Framework of the Fund 
  • Adapt the review commensurate with the risk profile and complexity of the funding proposal and amendment and restructuring requests
  • Provide independent risk assessment as part of the secretariat assessment of the funding proposals
Requirements (Education, experience, technical competencies required of the job):
  • Master’s degree or equivalent in Economics, Finance, Business, or related disciplines is preferred.
  • At least nine (9) of relevant experience in a similar work setting (international financial institution, international bank, funds, or other similar institution), or a relevant bachelor's degree with an additional 2 years of relevant work experience.
  • Thorough understanding of macro-economic and political analysis, sector dynamics, financial modelling, equity valuation, legal structuring, and financial instruments and application of this understanding to the analysis of funding proposals and portfolio management.
  • Experience of structuring and documentation of private sector projects with various financial instruments (debt, equity, mezzanine, and guarantee) is required. Experience of fund investments is desirable. 
  • Advanced analytical capacity including extensive experience with analytical tools and financial modeling skills. 
  • Strong writing and communication skills and ability to work in multi-cultural environments.
  • Developed negotiation skills and ability to seek constructive solutions that achieve optimum risk-reward.
  • Ability to work independently, while adhering to the timelines and quality of deliverables.
  • Professional designation such as FRM or CFA is an advantage. 
  • Professional experience in developing countries is an advantage.
  • Fluency in English is essential; knowledge of another United Nations language is an advantage.