Risk Policy and Procedure Specialist Grade IS – 4/5 – Specialist / Senior Specialist Duty station Songdo, Incheon-Korea Contract type 3 years Number of posts 1 Recruitment type International Unit Office of Risk Management Closing date 14 December 2016 Reporting to Risk Manager Vacancy code GCF/Recruit/109 The mission of the Green Climate Fund is to expand collective human action to respond to climate change — the defining challenge of our time. Jointly established by 194 Member States of the United Nations in 2010, GCF invests in transformational projects that build low-emission and climate-resilient economies in developing countries. The Fund will serve as an enabler of the Paris Agreement on Climate Change, channelling significant financial resources to developing countries to make an ambitious contribution to global climate action. To realize this unprecedented mission, GCF is expanding its workforce. It is seeking a Risk Policy and Procedure Specialist who will be part of a growing organization that offers exciting challenges and responsibilities. Position description The Risk Policy and Procedure Specialist will play a key role in the Office of Risk Management as the owner, and person in charge of implementing, maintaining and enforcing GCF’s risk policies, procedures and risk appetite statement. S/he will work with other teams across the Fund to craft and shape policies, procedures and risk appetite statement in order to protect the Fund's reputation and brand. S/he will be responsible for maintaining other supporting documents for risk policy related to financial risks. S/he is the owner of annual risk self-assessment covering market, credit, compliance and ALM risks as well as procedures that legitimize process flow around funding proposals in the Fund. The Risk Policy and Procedure Specialist will be a key contributor to establishing the evolving risk culture of the Fund. Duties and responsibilities The Risk Policy and Procedure Specialist will be responsible for: Risk Policies and Procedures Regular review and update of all risk policy and procedure documents related to financial risks; Assessment of process implementation of limits, guidelines, credit assessments, tools etc; Development and maintenance of financial risk processes for defining mitigating actions and monitoring their implementation; Establishment and implementation of escalation mechanisms; Monitoring of external indicators and market developments; Identification and treatment of emerging financial risks; Value-added commentary to financial risk reporting regarding risk processes and risk compliance; Internal control function In partnership with Compliance and Audit Officers, produce and maintain related policies and provide assistance with the design of compliance monitoring, event reporting systems, training etc.; Required experience and qualifications Education (minimum requirement) Master's degree in business, finance, economics, policy etc. from a respected institution. CFA / PRM / FRM / CIA or other Professional Designation would be a plus Relevant work experience (minimum requirement) A minimum of 9 years of relevant professional experience in a financial services institution, with a minimum of 5 years in a global financial institution and crafting policies and procedures that affect transactions in different asset classes (credit, debt, equities, guarantees, derivatives and grants) Skills (i.e. technical skills) Experience in writing policies in financial institutions Exceptional financial skills, with strong written and verbal skills and ability to work in multi-cultural environments and strong political sensitivity Experience with credit, debt, and equity transactions Experience with policies governing cross-border exposure into developing markets Experience with dealing with regulators and managing governance issues Exposure to international funds or other multilateral financial institutions is a plus Language requirements Fluency in English is essential and knowledge of another United Nations language is an advantage. Required Competencies Judgement/ decision making Communication (Written and Verbal) Teamwork Technological awareness Commitment to continuous learning How to apply Interested candidates are requested to send their CV and a letter of interest in a single PDF file to: [email protected] File name: “[last name], [first name]” (e.g. Peterson, Anna) Subject line: “Risk Policy and Procedure Specialist” Applications from women and nationals of developing countries are strongly encouraged.
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