Lead Climate Finance Specialist
Apply NowCompany: The World Bank Group
Location: Washington, DC 20011
Description:
Lead Climate Finance Specialist
Job #:
req30245
Organization:
World Bank
Sector:
Climate Change
Grade:
GH
Term Duration:
3 years 0 months
Recruitment Type:
International Recruitment
Location:
Washington, DC,United States
Required Language(s):
English
Preferred Language(s):
Closing Date:
11/26/2024 (MM/DD/YYYY) at 11:59pm UTC
Description
Do you want to build a career that is truly worthwhile? The World Bank Group is one of the largest sources of funding and knowledge for developing countries, a unique global partnership of five institutions dedicated to ending extreme poverty and promoting shared prosperity. With 189 member countries and more than 120 offices worldwide, we work with public and private sector partners, investing in groundbreaking projects and using data, research, and technology to develop solutions to the most urgent global challenges. For more information, visit www.worldbank.org.
The Planet Vice Presidency
The Planet Vice Presidency helps countries address their most complex challenges in the areas of Agriculture and Food, Climate Change, Environment, Social Development, and Water.
The Global Department for Climate Change
The Global Department for Climate Change (GDCC) is part of the Planet Vice Presidency of the World Bank and helps client countries recognize, prepare for, and respond to the risks that climate change poses. With GDCC support, the World Bank can mobilize the necessary public and private finance, provide technical assistance, and utilize its convening power to support countries in their transition to low-carbon, climate-resilient development pathways. The GDCC also works across the World Bank with Global Practices and Regional Operations to ensure climate considerations are integrated in development planning and operational activities, enabling the institution to meet the targets outlined in its Climate Change Action Plan (CCAP) 2021-25, the 2025 Targets to Step Up Climate Action, and the new World Bank Engagement Roadmap for Carbon Markets.
The Climate Change Fund Management Unit:
Within the Global Department for Climate Change, the Climate Finance Mobilization Unit (SCCFM) supports countries to access and leverage effective, inclusive and innovative climate financing solutions integrated with World Bank operations. With more than $5 billion in capital and growing, SCCFM contributes to the Global Department for Climate Change and World Bank Group priorities to mainstream climate action and scale up climate finance for development. SCCFM creates strategic partnerships, mobilizes capital for ambitious climate action and provides technical support to help countries achieve sustainable decarbonization and development.
SCCFM supports a broad range of climate actions, and a core focus is helping countries generate emission reductions which, once independently verified and issued in registries, become carbon credits. Climate finance enables those countries to undertake additional mitigation, adaptation and poverty reduction activities.
SCCFM plays multiple roles to (i) scale up emissions reduction programs in World Bank's client countries within the World Bank's investment operations; (ii) oversee the performance of activity-based climate finance and results-based climate finance; (iii) mobilize climate finance through trust funds that deliver innovative, scalable climate and environmental actions.
SCCFM is also responsible for financial and institutional reporting for the large climate initiatives (financed through trust funds) managed by the Global Department for Climate Change of the World Bank. These include: Forest Carbon Partnership Facility (FCPF), Bio Carbon Fund Initiative for Sustainable Forest Landscapes (BioCF ISFL), Transformative Carbon Asset Facility (TCAF), Carbon Initiative for Development (Ci-Dev), and Canada World Bank Clean Energy and Forests Climate Facility. SCCFM also has the World Bank's implementing agency function for the Green Climate Fund (GCF) and the Climate Investment Fund (CIF). In addition, a new generation of carbon funds has been established to cover all result-based carbon and climate finance, the Scaling Climate Action by Lowering Emissions (SCALE) and its associated trust fund EnABLE - Enhancing Access to Benefits while Lowering Emissions.
Finally, the SCCFM's Asset Management Team handles transactions related to carbon and financial assets, and the Finance Team manages the financial reporting functions of all the trust funds.
SCCFM works closely with the Climate Change Leadership team and the World Bank's Senior Management team and supports: (i) the development of policies, technical approaches, and instruments for mainstreaming results-based climate finance in World Bank's investment operations; (ii) access of client countries to carbon markets, (ii) the World Bank's Global Practices and Regional Operations for scaling-up results-based climate and carbon finance by providing expertise to operational teams in the design and implementation of climate-related operations.
About the Position:
SCCFM is seeking to recruit a highly motivated Lead Climate Finance Specialist to lead the scale-up of climate and carbon finance through results-based climate finance in World Bank's operations, to deliver commitments across the carbon funds, to engage with donor partners, and to contribute to the World Bank's corporate climate change agenda. The Lead Climate Finance Specialist will lead SCCFM's engagement with Global Departments and Regional Operations on the development and implementation of climate and carbon finance and will be the team's interface with the wider World Bank Group, and other development partners, including other multilateral development banks and the private sector. She/he will also support the Global Manager in driving and managing the growing climate business.
The successful candidate will have extensive experience of World Bank's operations, deep technical expertise in climate finance and carbon markets, and strong track record of fundraising with development partners. She/he is also expected to have a strong leadership experience, drive for results, as well as excellent project management, communication, and interpersonal skills. The Lead Climate Finance Specialist will be based in Washington, DC and will report directly to the SCCFM Global Manager.
Duties & Accountabilities
Provide strategic, operational and technical leadership in scaling up climate finance into World Bank's operations.
Lead the design and operationalization of innovative structures and financial instruments for results-based climate finance (RBCF), in collaboration with other World Bank Group's units, including OPCS, Treasury, IFC and MIGA.
Lead and contribute to cutting edge analytical and advisory services on policies and mechanisms to mobilize climate finance and develop carbon markets.
Provide technical guidance to Global and Regional teams for the generation and monetization of emissions reduction programs into World Bank's operations.
Support dialogue, coordination and fundraising with donor partners for the funds managed by SCCFM.
Build effective relationships with key external partners, including multilateral development banks and private sector.
Represent the unit and influence policy and partnership outcomes at internal and external platforms.
Provide tailored professional mentoring to SCCFM staff.
Perform other duties and functions as assigned by the Global Manager.
Selection Criteria
In addition to meeting all Bank-wide Grade GH level position criteria (i.e., work in at least two world regions or a combination of region and corporate assignments, and field experience preferred), the candidate should fulfill the following additional criteria:
Master's or Ph.D. degree in a technical field such as engineering, economics, finance, public administration, or another field relevant to climate and carbon finance.
12-15 years of experience in positions of increasing complexity and responsibility related to the assessment of decarbonization pathways, and the design and implementation of innovative investment programs.
Strong client orientation and operational skills developed through extensive working across Regions, Global Departments, and corporate units; strong track record of providing advisory services to governments on policy and regulatory issues related to climate finance and carbon markets.
Extensive experience in leading the business development, preparation and implementation of innovative operations; strong track record on innovative transaction structuring related to climate finance and carbon markets, including with private sector.
Extensive knowledge and experience of World Bank's operational policies and practices.
Experience of working with climate funds with proven results in terms of mobilization and efficient management of donor funding.
High degree of team leadership skills, characterized by demonstrated track record of inclusivity, diplomatic approach to problem-solving, energetic, and creative approaches to team building, trusted mentorship, and an ability to help teams and individuals adapt to change.
Demonstrated in-depth experience working across department and disciplinary boundaries and with multiple stakeholders - public, private, and civil society - in building collaborative alliances for results.
Strong communication, inter-personal, diplomatic, and partnership skills, including ability to write quickly and concisely to synthesize complex documentation and ideas for a range of audiences.
Demonstrated skills and experience in speaking and writing to senior management, government officials, and donor partners.
Excellent command of the English language, both written and spoken. Fluency in an additional language common to the World Bank would be an asset.
Climate Change Competencies
World Bank Group Core Competencies
The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.
This internal requisition is open to WBG andIMF staff only (including short-term and extended term consultants/temporaries). External candidates are requested not to apply. In case anexternal candidate applies, their application will not be considered.
We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.
Learn more about working at the World Bank and IFC, including our values and inspiring stories.
Job #:
req30245
Organization:
World Bank
Sector:
Climate Change
Grade:
GH
Term Duration:
3 years 0 months
Recruitment Type:
International Recruitment
Location:
Washington, DC,United States
Required Language(s):
English
Preferred Language(s):
Closing Date:
11/26/2024 (MM/DD/YYYY) at 11:59pm UTC
Description
Do you want to build a career that is truly worthwhile? The World Bank Group is one of the largest sources of funding and knowledge for developing countries, a unique global partnership of five institutions dedicated to ending extreme poverty and promoting shared prosperity. With 189 member countries and more than 120 offices worldwide, we work with public and private sector partners, investing in groundbreaking projects and using data, research, and technology to develop solutions to the most urgent global challenges. For more information, visit www.worldbank.org.
The Planet Vice Presidency
The Planet Vice Presidency helps countries address their most complex challenges in the areas of Agriculture and Food, Climate Change, Environment, Social Development, and Water.
The Global Department for Climate Change
The Global Department for Climate Change (GDCC) is part of the Planet Vice Presidency of the World Bank and helps client countries recognize, prepare for, and respond to the risks that climate change poses. With GDCC support, the World Bank can mobilize the necessary public and private finance, provide technical assistance, and utilize its convening power to support countries in their transition to low-carbon, climate-resilient development pathways. The GDCC also works across the World Bank with Global Practices and Regional Operations to ensure climate considerations are integrated in development planning and operational activities, enabling the institution to meet the targets outlined in its Climate Change Action Plan (CCAP) 2021-25, the 2025 Targets to Step Up Climate Action, and the new World Bank Engagement Roadmap for Carbon Markets.
The Climate Change Fund Management Unit:
Within the Global Department for Climate Change, the Climate Finance Mobilization Unit (SCCFM) supports countries to access and leverage effective, inclusive and innovative climate financing solutions integrated with World Bank operations. With more than $5 billion in capital and growing, SCCFM contributes to the Global Department for Climate Change and World Bank Group priorities to mainstream climate action and scale up climate finance for development. SCCFM creates strategic partnerships, mobilizes capital for ambitious climate action and provides technical support to help countries achieve sustainable decarbonization and development.
SCCFM supports a broad range of climate actions, and a core focus is helping countries generate emission reductions which, once independently verified and issued in registries, become carbon credits. Climate finance enables those countries to undertake additional mitigation, adaptation and poverty reduction activities.
SCCFM plays multiple roles to (i) scale up emissions reduction programs in World Bank's client countries within the World Bank's investment operations; (ii) oversee the performance of activity-based climate finance and results-based climate finance; (iii) mobilize climate finance through trust funds that deliver innovative, scalable climate and environmental actions.
SCCFM is also responsible for financial and institutional reporting for the large climate initiatives (financed through trust funds) managed by the Global Department for Climate Change of the World Bank. These include: Forest Carbon Partnership Facility (FCPF), Bio Carbon Fund Initiative for Sustainable Forest Landscapes (BioCF ISFL), Transformative Carbon Asset Facility (TCAF), Carbon Initiative for Development (Ci-Dev), and Canada World Bank Clean Energy and Forests Climate Facility. SCCFM also has the World Bank's implementing agency function for the Green Climate Fund (GCF) and the Climate Investment Fund (CIF). In addition, a new generation of carbon funds has been established to cover all result-based carbon and climate finance, the Scaling Climate Action by Lowering Emissions (SCALE) and its associated trust fund EnABLE - Enhancing Access to Benefits while Lowering Emissions.
Finally, the SCCFM's Asset Management Team handles transactions related to carbon and financial assets, and the Finance Team manages the financial reporting functions of all the trust funds.
SCCFM works closely with the Climate Change Leadership team and the World Bank's Senior Management team and supports: (i) the development of policies, technical approaches, and instruments for mainstreaming results-based climate finance in World Bank's investment operations; (ii) access of client countries to carbon markets, (ii) the World Bank's Global Practices and Regional Operations for scaling-up results-based climate and carbon finance by providing expertise to operational teams in the design and implementation of climate-related operations.
About the Position:
SCCFM is seeking to recruit a highly motivated Lead Climate Finance Specialist to lead the scale-up of climate and carbon finance through results-based climate finance in World Bank's operations, to deliver commitments across the carbon funds, to engage with donor partners, and to contribute to the World Bank's corporate climate change agenda. The Lead Climate Finance Specialist will lead SCCFM's engagement with Global Departments and Regional Operations on the development and implementation of climate and carbon finance and will be the team's interface with the wider World Bank Group, and other development partners, including other multilateral development banks and the private sector. She/he will also support the Global Manager in driving and managing the growing climate business.
The successful candidate will have extensive experience of World Bank's operations, deep technical expertise in climate finance and carbon markets, and strong track record of fundraising with development partners. She/he is also expected to have a strong leadership experience, drive for results, as well as excellent project management, communication, and interpersonal skills. The Lead Climate Finance Specialist will be based in Washington, DC and will report directly to the SCCFM Global Manager.
Duties & Accountabilities
Provide strategic, operational and technical leadership in scaling up climate finance into World Bank's operations.
Lead the design and operationalization of innovative structures and financial instruments for results-based climate finance (RBCF), in collaboration with other World Bank Group's units, including OPCS, Treasury, IFC and MIGA.
Lead and contribute to cutting edge analytical and advisory services on policies and mechanisms to mobilize climate finance and develop carbon markets.
Provide technical guidance to Global and Regional teams for the generation and monetization of emissions reduction programs into World Bank's operations.
Support dialogue, coordination and fundraising with donor partners for the funds managed by SCCFM.
Build effective relationships with key external partners, including multilateral development banks and private sector.
Represent the unit and influence policy and partnership outcomes at internal and external platforms.
Provide tailored professional mentoring to SCCFM staff.
Perform other duties and functions as assigned by the Global Manager.
Selection Criteria
In addition to meeting all Bank-wide Grade GH level position criteria (i.e., work in at least two world regions or a combination of region and corporate assignments, and field experience preferred), the candidate should fulfill the following additional criteria:
Master's or Ph.D. degree in a technical field such as engineering, economics, finance, public administration, or another field relevant to climate and carbon finance.
12-15 years of experience in positions of increasing complexity and responsibility related to the assessment of decarbonization pathways, and the design and implementation of innovative investment programs.
Strong client orientation and operational skills developed through extensive working across Regions, Global Departments, and corporate units; strong track record of providing advisory services to governments on policy and regulatory issues related to climate finance and carbon markets.
Extensive experience in leading the business development, preparation and implementation of innovative operations; strong track record on innovative transaction structuring related to climate finance and carbon markets, including with private sector.
Extensive knowledge and experience of World Bank's operational policies and practices.
Experience of working with climate funds with proven results in terms of mobilization and efficient management of donor funding.
High degree of team leadership skills, characterized by demonstrated track record of inclusivity, diplomatic approach to problem-solving, energetic, and creative approaches to team building, trusted mentorship, and an ability to help teams and individuals adapt to change.
Demonstrated in-depth experience working across department and disciplinary boundaries and with multiple stakeholders - public, private, and civil society - in building collaborative alliances for results.
Strong communication, inter-personal, diplomatic, and partnership skills, including ability to write quickly and concisely to synthesize complex documentation and ideas for a range of audiences.
Demonstrated skills and experience in speaking and writing to senior management, government officials, and donor partners.
Excellent command of the English language, both written and spoken. Fluency in an additional language common to the World Bank would be an asset.
Climate Change Competencies
World Bank Group Core Competencies
The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.
This internal requisition is open to WBG andIMF staff only (including short-term and extended term consultants/temporaries). External candidates are requested not to apply. In case anexternal candidate applies, their application will not be considered.
We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.
Learn more about working at the World Bank and IFC, including our values and inspiring stories.