Lead 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. With a portfolio of 358 projects across 134 countries and a total commitment of USD 20.4 billion to date, GCF aims to grow to at least a USD 50 billion fund by 203

• The organization operates with a diverse workforce of over 300 employees and is headquartered in the Republic of Korea. GCF's approach is country-driven, ensuring that actions are tailored to the unique circumstances and aspirations of each nation it supports, while also building the capacity of these countries to manage their climate futures through an extensive Readiness Programme.

Job Overview:
The Lead Credit and Investment Risk Specialist will play a crucial role in developing and overseeing GCF’s credit and investment risk strategies across various instruments, sectors, and regions. This strategic management position requires collaboration with sub-regional Heads, Associate General Counsels, and colleagues in Investment Services. The incumbent will report to the Director of Risk Management and Compliance and will lead a highly experienced financial risk management team throughout the investment cycle. Responsibilities include making investment decisions on funding proposals and complex restructurings, overseeing periodic portfolio risk updates, and supporting the Director in developing strategies and work programs. The role demands a commitment to making a measurable difference in climate action initiatives and fostering collaboration within the organization and with external stakeholders.

Duties and Responsibilities:
The duties and responsibilities of the Lead Credit and Investment Risk Specialist include defining and innovating credit and investment risk management approaches tailored to GCF's unique blended finance mandate. The incumbent will lead the team in developing risk management tools and methods that support adaptability and financial sustainability for GCF's climate finance activities. They will advocate for innovative financing structures, act as a trusted advisor to stakeholders, motivate the team to excel in their specializations, engage with external stakeholders, and serve as an alternate member of the Investment Committee and Operations Committee. Additionally, the specialist will lead and present GCF’s portfolio risks to the Risk Management Committee, develop the team's resources, set strategic goals, and implement processes to capture and disseminate knowledge and best practices in risk management.

Required Qualifications:
Candidates must possess a Master's degree in Finance, Business, Law, or a related field, although a Bachelor's degree with an additional 2 years of relevant experience may be accepted in lieu of a Master's degree. Preferred qualifications include CFA, FRM, or equivalent certifications. A minimum of 15 years of relevant work experience in cross-border transactions involving innovative financing, including debt and equity, is required. Proven experience in managing diverse teams of risk specialists and investment professionals, as well as extensive experience in risk management of complex financial instruments, is essential. Candidates should demonstrate the ability to work in a multi-disciplinary and multi-cultural environment and have broader regional experience, particularly in developing countries.

Educational Background:
The educational background required for this position includes a Master's degree in Finance, Business, Law, or a related field. A Bachelor's degree may be accepted if accompanied by additional relevant experience. Professional qualifications such as CFA or FRM are preferred, indicating a strong foundation in finance and risk management principles.

Experience:
The position requires at least 15 years of relevant work experience, particularly in cross-border transactions involving innovative financing. Candidates should have experience working with international financial institutions, financial or legal advisory firms, or development institutions. Proven experience in managing teams and a strong understanding of risk management in innovative financial instruments is crucial.

Languages:
Excellent written and oral communication skills in English are essential for this position. Knowledge of another UN language is considered an advantage, enhancing the candidate's ability to communicate effectively in a diverse, international environment.

Additional Notes:
The closing date for applications is 19 October 2026, and applications submitted after this date may not be considered. The selection process will assess candidates based on their suitability for the position, performance at interviews, appropriate testing, and references. Applications from women and nationals of developing countries are strongly encouraged. Staff members may be subject to transfer or reassignment at the discretion of the 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.