Public Finance Officer

Global Green Growth Institute

Santo Domingo, Dominican Republic

Experience: 5 to 10 Years

Skill Required: Accounts and Finance

The Officer will act as the team’s public finance expert, enabling and supporting the integration of environmental, social and climate change considerations in public finance plans, processes and instruments. The Officer will contribute his/her knowledge of public finance processes, instruments and policies to support the successful delivery of a broad set of sustainable finance interventions, including:

  • Development of the Dominican Republic´s National Climate Finance Strategy;
  • Strengthening of the Dominican Republic´s institutional capacity to access international climate finance;
  • Technical assistant to public and private actors on the design of green bonds;
  • Technical assistance to local financial institutions to integrate environmental and social standards into their processes, procedures, and instruments to increase the availability of green finance for private sector-led low-carbon projects;
  • Support the Government of the Dominican Republic to integrate environmental, social and climate change considerations into public-private partnership (PPP) processes and projects;
  • Support GGGI investments projects cycle, including origination, evaluation, structuring, negotiating, and financial advisory until financial close of transactions;
  • Development of concept notes and funding proposals for international climate funds, including the Green Climate Fund, Adaptation Fund and Global Environment Facility;

Engagement:

  • Support the engagement with the Government of the Dominican Republic;
  • Build and maintain strong relationships with the Ministry of Finance, local financial institutions, national development banks, international financial institutions and international climate funds;
  • Engage with financial regulators to influence finance policy development and decision making;
  • Organize and deliver consultation and validation workshops to validate products and activities;
  • Participate to GGGI-wide events to create awareness about GGGI Dominican Republic Program and activities;
  • Represent GGGI Dominican Republic Program in national, regional and international events;
  • Support the establishment of a working group composed by representatives of the Ministry of Environment, the Ministry of Finance, the National Council on Climate Change, the Superintendency of Banks, international organizations, MDBs, and private sector responsible for overseeing and validating the National Climate Finance Strategy;
  • Support the conceptualization and formalization of the Dominican Republic Sustainable Banking Roundtable, its strategic goals, composition, and service offering to its members.

Delivery:

  • Support the development of the National Climate Finance Strategy in collaboration with the Ministry of Environment, the Ministry of Finance, the National Council on Climate Change and the Superintendency of Banks;
  • Support the Ministry of Finance in the design and structuring of sustainable public finance instruments;
  • Support the design of innovative climate finance instruments, such as Green Bonds and Debt for Climate Swaps;
  • Support the development of concept notes and funding proposals for the Green Climate Fund, Global Environment Facility and Adaptation Fund;
  • Deliver capacity building to local financial institutions for the development of green credit lines and environmental and social management systems;
  • In collaboration with the Green Investment Officer prepare awareness raising material and presentation on sustainable finance mechanisms and instruments and disseminating these among key government stakeholders via bilateral virtual meetings;

Requirements:

Qualifications:

  • Bachelor’s degree in Finance, Economics or other related fields;
  • At least 5 years of professional experience in the public finance sector, preferably at the Ministry of Finance or Central Bank;
  • Professional or academic experience in sustainable finance is an asset;
  • Verbal and written fluency in English and Spanish.

Source: https://careers.gggi.org/vacancy/public-finance-officer-513329.html