Grade: E Deadline: 19 October 2026 (11:59 PM KST) Introduction The Green Climate Fund is the world’s largest dedicated multilateral climate fund and invests in impactful, innovative, catalytic programs and projects in developing countries across the globe.The GCF has a portfolio of 358 projects across 134 countries, with a total commitment of USD 20.4 billion to date.
In 2023, an additional USD 12.8 billion was pledged, to support our new strategic and programming cycle from 2024-2027; our ambition is to grow to become at least a USD 50 billion fund by 2030.
Rooted in the core objectives of impact and efficiency, access and a focus on the most vulnerable, and mobilizing a much higher scale of public and private sector financial flows for climate action we have an unparalleled scale of resources, which, together with our risk appetite and flexibility allows us to bring together different partners and stakeholders in innovative partnerships for profound impact.
GCF is seeking a top-tier individual with a demonstrable track record of harnessing experience, energy and networks to tackle complex global climate change challenges. You will be committed to making a positive, measurable difference through a mission-driven role, and thrive in a fast-paced, diverse environment. You will be a nurturer of people: recognizing and growing the talent around you, exemplifying values of transparency, respect and innovation.
You will be committed to learning, knowledge-sharing, convening and communicating with partners to work together to ideate, develop and implement climate action initiatives that make a profound difference to people and planet. You will join a team of talented, committed individuals representing almost 80 nationalities contributing skills and experience from academic, scientific, private, government and nonprofit backgrounds.
Together, we work with governments, communities and civil society, technical agencies, and the private sector across the world. Interested in more information?
Learn about working for GCF: https://www.greenclimate.fund/about/careers View current vacancies: https://jobs.greenclimate.fund/About the Green Climate Fund (GCF) Set up in 2010 by the 194 countries who are Parties to the United Nations Framework Convention on Climate Change (UNFCCC), GCF takes its responsibility as the world’s largest dedicated multilateral climate fund to heart.
GCF funds transformative climate projects across the developing world, supporting countries in their responses and actions to tackle climate change while fostering sustainable development within their communities. Our country-driven approach ensures that our actions are tailored to the unique circumstances and national aspirations of each nation we support.
Besides channeling public and private sector investment through a broad range of financing instruments, GCF builds the capacity of developing countries to take climate action through an extensive Readiness Programme ensuring countries are increasingly well-equipped and financed to manage their climate futures. Headquartered in the Republic of Korea, GCF operates with a diverse and talented workforce of over 300 people.
Department Introduction The mission of the Department of Risk Management and Compliance (DRMC) is to develop, manage and update comprehensive risk frameworks, policies and processes to support GCF’s strategic goals; as the second line of defense, 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, achieve optimal risk-reward for the Fund and report to the Risk Management Committee of the Board.
Role Summary The Credit and Investment Risk Specialist, reporting to the Lead Credit and Investment Risk Specialist, is responsible for assessing funding proposals and post approval amendments and restructuring requests across regions, utilizing all financial instruments (grants, loans, guarantees, (quasi) equity) to provide an objective and independent risk views and solution-oriented advice to management and program teams to maximize the efficiency and effectiveness of GCF investments.
She/he will actively collaborate with other members of the deal team across the Secretariat, engage with external partners to resolve specific risk issues if required, and present risk assessments in materials submitted to the relevant corporate committees and the board for informed decision making.
The Specialist will also contribute to cross-functional initiatives for process improvement, policy/framework revisions and digitization; risk inputs to independent unit reports or evaluation reports and the development and revision of investment risk guidelines and tools.
Duties and Responsibilities - Create, maintain, and apply 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, seeking input from the Lead Credit and Investment Risk Specialist as needed. - Assess funding proposals and post approval amendments and restructuring requests, including complex, innovative and high-impact projects across regions, utilizing financial instruments (grants, loans, guarantees, (quasi) equity) to provide an objective and independent risk views and solution-oriented advice to management and program teams to maximize the efficiency and effectiveness of GCF investments. - Collaborate with other members of the DRMC, the origination and portfolio teams, and other members of the deal team, 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. - Collaborate with the first line program teams to engage external partners, if required, to resolve specific risk related deal issues. - Review funding proposals and post approval amendments and restructuring including complex requests in accordance with the Risk Management Framework of the - Fund and the minimum concessionality principle in the GCF context. - Adapt the review commensurate with the risk profile and complexity of the funding proposal and amendment and restructuring requests to advance GCF’s mandate to support innovative and high-impact projects while ensuring that risk policies are adhered to. - Prepare risk assessments in materials submitted to the relevant corporate committees and board for informed decision making.
Requirements - Master’s degree or equivalent in Economics, Finance, Business, or related disciplines is preferred; or a Bachelor’s degree with additional 2 years of relevant experience may be accepted in lieu of the Master’s degree requirement. - At least 8 of relevant experience in a similar work setting (international financial institution, international bank, funds, or other similar institution). - 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.
The closing date for applications is 19 October 2026. Applications submitted after the deadline may not be considered. This vacancy is being advertised to fill one (1) current position and establish a talent pool. Candidates who successfully complete the selection process may be placed in the talent pool and considered for future vacancies with similar requirements for up to eighteen (18) months. The candidate assessed by the Selection Panel as most suitable for the position will be proposed for appointment.
Selection among shortlisted candidates will also take into account performance at interview, appropriate testing, and references. Applications from women and nationals of developing countries are strongly encouraged. Staff members are subject to transfer or reassignment at the discretion of the Executive Director, in accordance with the Staff Regulations and Staff Rules.
In the event of a transfer to another duty station, the staff member’s salary, allowances, benefits, and other applicable entitlements will be adjusted to reflect the conditions applicable at the new duty station, in accordance with the Staff Regulations and Staff Rules and other legal instruments in effect at the time of transfer. For details on grade levels, salary scales, and benefits, please refer to the GCF Staff Regulations and Staff Rules: https://www.greenclimate.fund/document/staff-regulations
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Grade: E Deadline: 19 October 2026 (11:59 PM KST) Introduction The Green Climate Fund is the world’s largest dedicated multilateral climate fund and invests in impactful, innovative, catalytic programs and projects in developing countries across the globe.The GCF has a portfolio of 358 projects across 134 countries, with a total commitment of USD 20.4 billion to date. In 2023, an additional USD 12.8 billion was pledged, to support our new strategic and programming cycle from 2024-2027; our ambition is to grow to become at least a USD 50 billion fund by 2030. Rooted in the core objectives of impact and efficiency, access and a focus on the most vulnerable, and mobilizing a much higher scale of public and private sector financial flows for climate action we have an unparalleled scale of resources, which, together with our risk appetite and flexibility allows us to bring together different partners and stakeholders in innovative partnerships for profound impact. GCF is seeking a top-tier individual with a demonstrable track record of harnessing experience, energy and networks to tackle complex global climate change challenges. You will be committed to making a positive, measurable difference through a mission-driven role, and thrive in a fast-paced, diverse environment. You will be a nurturer of people: recognizing and growing the talent around you, exemplifying values of transparency, respect and innovation. You will be committed to learning, knowledge-sharing, convening and communicating with partners to work together to ideate, develop and implement climate action initiatives that make a profound difference to people and planet. You will join a team of talented, committed individuals representing almost 80 nationalities contributing skills and experience from academic, scientific, private, government and nonprofit backgrounds. Together, we work with governments, communities and civil society, technical agencies, and the private sector across the world. Interested in more information? Learn about working for GCF: https://www.greenclimate.fund/about/careers View current vacancies: https://jobs.greenclimate.fund/ About the Green Climate Fund (GCF) Set up in 2010 by the 194 countries who are Parties to the United Nations Framework Convention on Climate Change (UNFCCC), GCF takes its responsibility as the world’s largest dedicated multilateral climate fund to heart. GCF funds transformative climate projects across the developing world, supporting countries in their responses and actions to tackle climate change while fostering sustainable development within their communities. Our country-driven approach ensures that our actions are tailored to the unique circumstances and national aspirations of each nation we support. Besides channeling public and private sector investment through a broad range of financing instruments, GCF builds the capacity of developing countries to take climate action through an extensive Readiness Programme ensuring countries are increasingly well-equipped and financed to manage their climate futures. Headquartered in the Republic of Korea, GCF operates with a diverse and talented workforce of over 300 people. Department Introduction The mission of the Department of Risk Management and Compliance (DRMC) is to develop, manage and update comprehensive risk frameworks, policies and processes to support GCF’s strategic goals; as the second line of defense, 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, achieve optimal risk-reward for the Fund and report to the Risk Management Committee of the Board. Role Summary The Credit and Investment Risk Specialist, reporting to the Lead Credit and Investment Risk Specialist, is responsible for assessing funding proposals and post approval amendments and restructuring requests across regions, utilizing all financial instruments (grants, loans, guarantees, (quasi) equity) to provide an objective and independent risk views and solution-oriented advice to management and program teams to maximize the efficiency and effectiveness of GCF investments. She/he will actively collaborate with other members of the deal team across the Secretariat, engage with external partners to resolve specific risk issues if required, and present risk assessments in materials submitted to the relevant corporate committees and the board for informed decision making. The Specialist will also contribute to cross-functional initiatives for process improvement, policy/framework revisions and digitization; risk inputs to independent unit reports or evaluation reports and the development and revision of investment risk guidelines and tools. Duties and Responsibilities - Create, maintain, and apply 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, seeking input from the Lead Credit and Investment Risk Specialist as needed. - Assess funding proposals and post approval amendments and restructuring requests, including complex, innovative and high-impact projects across regions, utilizing financial instruments (grants, loans, guarantees, (quasi) equity) to provide an objective and independent risk views and solution-oriented advice to management and program teams to maximize the efficiency and effectiveness of GCF investments. - Collaborate with other members of the DRMC, the origination and portfolio teams, and other members of the deal team, 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. - Collaborate with the first line program teams to engage external partners, if required, to resolve specific risk related deal issues. - Review funding proposals and post approval amendments and restructuring including complex requests in accordance with the Risk Management Framework of the - Fund and the minimum concessionality principle in the GCF context. - Adapt the review commensurate with the risk profile and complexity of the funding proposal and amendment and restructuring requests to advance GCF’s mandate to support innovative and high-impact projects while ensuring that risk policies are adhered to. - Prepare risk assessments in materials submitted to the relevant corporate committees and board for informed decision making. Requirements - Master’s degree or equivalent in Economics, Finance, Business, or related disciplines is preferred; or a Bachelor’s degree with additional 2 years of relevant experience may be accepted in lieu of the Master’s degree requirement. - At least 8 of relevant experience in a similar work setting (international financial institution, international bank, funds, or other similar institution). - 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. The closing date for applications is 19 October 2026. Applications submitted after the deadline may not be considered. This vacancy is being advertised to fill one (1) current position and establish a talent pool. Candidates who successfully complete the selection process may be placed in the talent pool and considered for future vacancies with similar requirements for up to eighteen (18) months. The candidate assessed by the Selection Panel as most suitable for the position will be proposed for appointment. Selection among shortlisted candidates will also take into account performance at interview, appropriate testing, and references. Applications from women and nationals of developing countries are strongly encouraged. Staff members are subject to transfer or reassignment at the discretion of the Executive Director, in accordance with the Staff Regulations and Staff Rules. In the event of a transfer to another duty station, the staff member’s salary, allowances, benefits, and other applicable entitlements will be adjusted to reflect the conditions applicable at the new duty station, in accordance with the Staff Regulations and Staff Rules and other legal instruments in effect at the time of transfer. For details on grade levels, salary scales, and benefits, please refer to the GCF Staff Regulations and Staff Rules: https://www.greenclimate.fund/document/staff-regulations