Credit and Investment Risk Specialist

Job Posting Organization:
The Green Climate Fund (GCF) is the world’s largest dedicated multilateral climate fund, established in 2010 by the 194 countries that are Parties to the United Nations Framework Convention on Climate Change (UNFCCC). GCF's mission is to support developing countries in their efforts to respond to climate change while fostering sustainable development. The organization 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 its new strategic and programming cycle from 2024-2027, with an ambition to grow to at least a USD 50 billion fund by 203

• GCF operates with a diverse workforce of over 300 employees and is headquartered in the Republic of Korea. The organization focuses on mobilizing public and private sector financial flows for climate action, ensuring that its actions are tailored to the unique circumstances and aspirations of each nation it supports.

Job Overview:
The Credit and Investment Risk Specialist will play a crucial role in assessing funding proposals and post-approval amendments and restructuring requests across various regions. This position requires a deep understanding of financial instruments such as grants, loans, guarantees, and equity, to provide objective and independent risk assessments and solution-oriented advice to management and program teams. The Specialist will actively collaborate with other members of the deal team and engage with external partners to resolve specific risk issues. The role also involves contributing to cross-functional initiatives aimed at process improvement, policy revisions, and the development of investment risk guidelines and tools. The ideal candidate will thrive in a fast-paced, diverse environment and be committed to making a positive impact through climate action initiatives.

Duties and Responsibilities:
The duties and responsibilities of the Credit and Investment Risk Specialist include creating, maintaining, and applying credit and equity standards, deal acceptance criteria, and risk tools to ensure rigorous assessment of funding proposals. The Specialist will assess complex, innovative, and high-impact projects, providing independent risk views and advice to maximize the efficiency of GCF investments. Collaboration with the Department of Risk Management and Compliance (DRMC), origination and portfolio teams, and other deal team members is essential to identify and understand risks and opportunities throughout the approval and portfolio management process. The Specialist will provide expert advice on risk mitigation, persuade stakeholders to improve risk-reward profiles, and review funding proposals in accordance with the Risk Management Framework. Additionally, the Specialist will prepare risk assessments for corporate committees and the board to facilitate informed decision-making.

Required Qualifications:
Candidates must possess a Master’s degree or equivalent in Economics, Finance, Business, or related disciplines. Alternatively, a Bachelor’s degree with an additional 2 years of relevant experience may be accepted in lieu of the Master’s degree. A minimum of 8 years of relevant experience in a similar work setting, such as an international financial institution or bank, is required. Candidates should have a thorough understanding of macro-economic and political analysis, financial modeling, equity valuation, and legal structuring. Experience in structuring and documenting private sector projects with various financial instruments is essential, while experience in fund investments is desirable. Strong analytical capacity, writing and communication skills, negotiation skills, and the ability to work independently are also required. Professional designations such as FRM or CFA are advantageous, as is professional experience in developing countries.

Educational Background:
The educational background required for this position includes a Master’s degree in Economics, Finance, Business, or related fields. A Bachelor’s degree may be accepted if accompanied by additional relevant experience. The educational qualifications should equip candidates with the necessary analytical and financial skills to assess funding proposals and manage portfolio projects effectively.

Experience:
Candidates should have at least 8 years of relevant experience in a similar work environment, such as an international financial institution, international bank, or similar organization. This experience should include a strong background in financial analysis, risk assessment, and project management, particularly in the context of climate finance and investment.

Languages:
Fluency in English is essential for this position. Knowledge of another United Nations language is considered an advantage, as it may facilitate communication with diverse stakeholders and partners in the international climate finance community.

Additional Notes:
This vacancy is being advertised to fill one current position and establish a talent pool for future vacancies with similar requirements for up to eighteen months. Applications from women and nationals of developing countries are strongly encouraged. The closing date for applications is 19 October 2026, and late submissions may not be considered. Staff members may be subject to transfer or reassignment at the discretion of the director" style="border-bottom: 1px dotted #007bff !important;">Executive Director, with salary and benefits adjusted accordingly. For details on grade levels, salary scales, and benefits, candidates can refer to the GCF Staff Regulations and Staff Rules.