GCF Lead Specialist for Liquidity Market and Enterprise Risk

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). The GCF aims 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, the GCF is committed to mobilizing a much higher scale of public and private sector financial flows for climate action. The organization is headquartered in the Republic of Korea and operates with a diverse workforce of over 300 employees, representing almost 80 nationalities. The GCF's mission is to channel investments through a broad range of financing instruments and build the capacity of developing countries to manage their climate futures effectively.

Job Overview:
The GCF Lead Specialist for Liquidity Market and Enterprise Risk is a strategic management position responsible for developing and executing the GCF’s liquidity and market risk management strategy, as well as enterprise risk reporting. This role involves leading a highly experienced financial risk management team and collaborating with various cross-functional teams, including the Department of Treasury and the Office of the Chief Investment Officer. The incumbent will oversee reporting to the Risk Management Committee of the board regarding liquidity and foreign exchange risk management. The position requires a commitment to making a positive, measurable difference in tackling complex global climate change challenges and nurturing talent within the team. The successful candidate will be expected to engage with internal and external stakeholders, fostering collaboration to facilitate innovative climate financing activities.

Duties and Responsibilities:
The duties and responsibilities of the GCF Lead Specialist include developing and executing the GCF’s liquidity and market risk management strategy, leading the team in creating policies and procedures to ensure resilience under normal and stress conditions, and providing market risk oversight in exposure to interest rate and foreign exchange risks. The incumbent will also develop a framework to assess operational risks that could amplify market or liquidity risks, transform enterprise risk reporting for informed decision-making, and act as a trusted advisor to stakeholders. Additional responsibilities include motivating team members, engaging with stakeholders, serving as an alternate member on the Asset Liability Committee, advising the Director on strategic direction, and leading the implementation of a systematic process to capture and disseminate knowledge and best practices in risk management.

Required Qualifications:
Candidates must possess a Master's degree in Finance, Business, Economics, Mathematics, or a related field, or a Bachelor's degree with an additional 2 years of relevant experience. A minimum of 15 years of relevant work experience in a major international financial institution or multilateral development bank focusing on emerging markets is required. Candidates should have a deep understanding of liquidity, capital adequacy, and market risk regulatory frameworks, as well as proficiency with risk management tools and systems. Exceptional analytical skills, a proven track record in developing and implementing risk management frameworks, and experience in operational risk are preferred. Professional qualifications such as CFA or FRM are advantageous, along with demonstrated ability to lead cross-cutting initiatives and manage diverse teams.

Educational Background:
The educational background required for this position includes a Master's degree in Finance, Business, Economics, Mathematics, or a related field. Alternatively, a Bachelor's degree in a relevant field combined with an additional 2 years of relevant experience may be accepted in lieu of the Master's degree requirement. This educational foundation is essential for understanding the complexities of financial risk management and climate finance.

Experience:
The position requires at least 15 years of relevant work experience in a major international financial institution or multilateral development bank, particularly in areas related to emerging markets, capital adequacy, liquidity, funding, asset-liability management (ALM), and financial sustainability. Candidates should have a proven ability to develop and implement risk management frameworks and methodologies, including economic capital models, and demonstrate experience in managing diverse teams of professionals.

Languages:
Excellent written and oral communication skills in English are essential for this position. Knowledge of another UN language is considered an advantage, as it may facilitate communication with a broader range of stakeholders and enhance collaboration in a multi-cultural environment.

Additional Notes:
The closing date for applications is 19 October 2026, and applications submitted after this deadline may not be considered. The candidate assessed by the Selection Panel as most suitable for the position will be proposed for appointment, with selection among shortlisted candidates taking into account performance at interview, 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, and in the event of a transfer, salary, allowances, benefits, and other applicable entitlements will be adjusted accordingly. For details on grade levels, salary scales, and benefits, candidates can refer to the GCF Staff Regulations and Staff Rules.