Senior Climate Finance Specialist

Senior Climate Finance Specialist

Job #:

req26660

Organization:

World Bank

Sector:

Climate Change

Grade:

GG

Term Duration:

3 years 0 months

Recruitment Type:

International Recruitment

Location:

Washington, DC,United States

Required Language(s):

English

Preferred Language(s):

Closing Date:

3/28/2024 (MM/DD/YYYY) at 11:59pm UTC

Description

Do you want to build a career that is truly worthwhile? Working at the World Bank Group provides a unique opportunity for you to help our clients solve their greatest development challenges. 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, increasing shared prosperity and promoting sustainable development. 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 Sustainable Development Practice Group & the Climate Change Group

Climate change, poverty, and inequality are the defining issues of our age. The World Bank is the biggest multilateral funder of climate investments in developing countries. Over $32 billion in 2022 alone - accounting for over half of multilateral climate finance to developing countries-and over two-thirds of adaptation finance. We intend to go further in helping countries reduce poverty and rise to the challenges of climate change with our revamped mission to create a world free from poverty on a livable planet.

The Sustainable Development (SD) Practice Group (PG) helps countries tackle their most complex challenges in the areas of Agriculture and Food, Climate Change, Environment, Natural Resources & Blue Economy, Environmental and Social Framework, Urban, Disaster Risk Management, Resilience & Land, Social Sustainability and Inclusion, and Water. The Climate Change Group (CCG) resides in the SD PG and is responsible for mainstreaming climate change across the Bank and scaling climate finance.

The Climate Change Group (CCG) has as key functions to (i) propose the strategy to mainstream climate change across the WBG; (ii) support the implementation of the Bank's corporate climate commitments as expressed in the Climate Change Action Plan 2021-2025 (CCAP), IDA20, and the IBRD-IFC Capital Package; (iii) support in operationalizing key recommendations of Country Climate and Development Reports (CCDRs) into country engagement products and lending and non-lending operations; (iv) develop new research and tools to support mainstreaming low-carbon growth and climate resilient development; (v) manage several Climate Funds, serve as host to the Secretariat of the Climate Investment Funds; and (vi) mainstream knowledge, learning and innovation inside and outside the WBG, and lead high-level internal and external engagements.

The Strategy, Knowledge, and Outreach Unit

Within the Climate Change Group, the Strategy, Knowledge, and Outreach Unit (SCCSK) plays a key role in helping CCG both set and deliver the Bank's corporate climate mandate. The unit works closely with the CCG Leadership on: (i) developing long-term strategic engagement and CCG management; (ii) undertaking climate corporate reporting, especially around policy commitments, climate targets, and impact under the WBG CCAP 2021-25, IDA20, and the IBRD-IFC Global Capital Increase; (iii) overseeing the design and delivery of a CCG learning hub for Bank staff and management, supporting training and learning products; and (iv) managing the Climate Support Facility (CSF) Umbrella Program, a multi-donor partnership and grant-making financing mechanism to help integrate climate change considerations into development strategies, policies, and investment programs, including World Bank financed operations.

To deliver on these functions, SCCSK is seeking a highly motivated Senior Climate Finance Specialist (Senior Program Officer) to support the finance and trust fund management across CCG units as part of a centralized "shared service" function, providing standardized services, strategic guidance, quality assurance, and oversight to this core business function.

The Senior Climate Finance Specialist will be responsible for providing support to CCG leadership, program management teams and staff in the areas of financial and budget management, financial reporting, Bank TF and administrative policy compliance, CCG internal policy and advisory, and quality assurance, among other areas. This includes support for developing, monitoring, and reporting on CCG budgets; developing and implementing standard CCG internal policies and procedures; developing and maintaining management and reporting dashboards; and ensuring that shared services provided meet the highest standards of quality.

Duties & Accountabilities

Reporting directly to the Practice Manager, the Senior Climate Finance Specialist is expected to:• Supervise the management and strategic planning of TF operations, ensuring quality and effectiveness. • Serve as CCG's primary liaison for the coordination, guidance, and decision-making on all TF policy and management matters. • Develop and maintain necessary policies and procedures to ensure compliance and control over CCG TFs; and conduct regular reviews, quality checks and audits to identify areas for improvement.• Develop and implement relevant quality control measures across all CCG units to maintain high standards of TF operations. • Assume responsibility as the key focal point on finance matters for the three CCG's Umbrella TFs, guiding strategic direction and operational excellence.• Provide advisory and consulting services to CCG Leadership team on matters related to financial management and Bank finance and trust fund policies. • Oversee Bank processes to establish and efficiently operationalize CCG Umbrellas, including the SCALE, PMIF, CSF and as necessary associated trust funds.• Develop and maintain a comprehensive service catalog outlining associated service level agreements to ensure transparency and accountability.• Lead the CCG SEFF and FIN update processes annually and facilitate the oversight of fundraising and resource allocation processes within CCG.• Facilitate the monitoring and reporting of budgeting processes across CCG.• Develop and implement CCG operational and financial dashboards, incorporating key matrices and analytics to facilitate data driven decision making on strategic resource utilization.• Provide relevant training to CCG staff as needed on various fund management, finance and compliance related topics.

Selection Criteria

• Possesses a master's degree in business management, international development, climate change, public policy, public administration, or similar field relevant to the functions. • Minimum 8 years of relevant experience.• Professional certifications in accounting and/or finance would be a plus.• Full accreditation and competency on Trust Fund policies is essential.• Demonstrates ability to think strategically, see the big picture, and to rapidly analyze diverse information from varied sources. • Prior experience with written outputs on the topics related to climate policy and/or climate finance would be a plus.• Demonstrates ability to manage teams, to deal sensitively in multi-cultural environments and build effective working relations with clients and colleagues.• Demonstrates ability and the necessary organizational skills to take initiative, personal ownership, and accountability to meet deadlines, work under pressure, balance competing demands and achieve agreed-upon results.• Excellent oral and written communications skills in English.

World Bank Group Core Competencies

Climate Change 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.