Climate Finance Specialist – Washington DC
JOB DETAIL
Description
Do you want to build a career that is truly worthwhile? Working at the World Bank provides a unique opportunity for you to help our clients solve their greatest development challenges. The World Bank consists of two entities – the International Bank for Reconstruction and Development (IBRand the International Development Association (ID. It is a global development cooperative owned by 189 member countries. As the largest development bank in the world, the World Bank provides loans, guarantees, risk management products, and advisory services to middleincome and creditworthy lowincome countries, and coordinates responses to regional and global challenges. For more information, please visit www.worldbank.org.
REGIONAL CONTEXT
The Middle East and North Africa Region faces challenges, not least ongoing political turmoil and recent conflicts, high youth unemployment, severe water scarcity, high energy subsidy, and human and social development outcomes that have been below those achieved by countries at similar levels of income. These challenges have been recently compounded by the health, social and economic impact of COVID19 Pandemic and the current regional and global context.
The MNA Region is now implementing an ambitious enlarged strategy towards that end by a focus on four pillars – “the 4 R’s” – Renewing the social contract; Regional cooperation; Resilience to migration shocks; and Reconstruction and recovery. In parallel to the focus on immediate needs, the World Bank is helping countries develop new models for sustainable and inclusive growth in a dynamic and increasingly knowledgebased global economy. In 2019, the World Bank expanded the focus of the MENA regional strategy to include improving human capital outcomes, leveraging digital technologies, and openingup business environments for the private sector to compete in free and fair market. For more information: https://www.worldbank.org/en/region/mena/
PROSPERITY PRACTICE GROUP
The Prosperity Practice Group provides support to lowand middleincome countries to build the foundations for inclusive and sustainable growth and, thereby, make progress towards achieving the World Bank Group’s twin goals of reducing poverty and boosting shared prosperity. The Prosperity Practice Group includes the WBG Global Practices of Finance, Competitiveness, and Investment; Macroeconomics, Trade, and Investment; Governance; and Poverty and Equity. WBG clients face complex challenges which require holistic solutions, and this requires us to work as an integrated Prosperity Practice Group and across the Bank Group to deliver coherent solutions on issues such as growth and competitiveness.
The Finance, Competitiveness, and Investment (FCGlobal Practice combines expertise in the financial sector and private sector development to foster private sector led growth and help create markets in client countries. FCI’s core lines of business are: (Financial Stability & Integrity; (Financial Inclusion, Infrastructure & Access; (Firm Capabilities & Innovation; (LongTerm Finance; (Climate & Risk Management; (Markets and Technology; and (Investment and Competition. For more information, please visit https://www.worldbank.org/en/about/unit/fci
The FCI MENA West unit, within the FCI Global Practice, wishes to hire an international hire Climate Finance Specialist to provide analytical, technical, and operational support to projects.
Job Duties and Responsibilities:
To assist with its complex work program, FCI seeks to hire a highly motivated GF Climate Finance Specialist, with strong technical expertise to join our MENA West team based in HQ.
The duties and responsibilities include, but are not limited to, the following main tasks:
- Lead/Contribute to policy dialogue with counterparts and advise on the development of policies and strategies to promote lowcarbon growth. This includes creating enabling environments for green finance through regulatory frameworks, incentives, and marketbased mechanisms.
- Lead/Contribute to analytics and advisory to promote capital markets development including (the issuance and management of green bonds to finance environmentally sustainable projects; develop and promote green taxonomies to classify and standardize green investments; (iisupporting the development and scaling up of carbon credit markets; advising on market mechanisms, regulatory frameworks, and strategies to mobilize private sector investment in carbon credits.
- Contribute and lead the development and implementation lending and nonlending operations through effective integration of expertise within the global teams and the Prosperity VPU including (designing and implementing projects that promote lowcarbon growth; (iiadvise to develop and promote innovative financing mechanisms, such as blended finance, to leverage private sector investment in lowcarbon projects.
- Represent the FCI Global Practice in client meetings and consultations and interact with government counterparts, financial sector, civil society, and other donors.
- Business Development: Cultivate strategic relationships with country clients and CMUs; contribute to technical discussions with senior clients to determine the appropriate response to their request.
- Manage, as appropriate, trust funds that support the program, comply with reporting obligations.
- Work with Program Leaders, CMUs, and colleagues in countries of intervention to ensure the integration of relevant climate finance issues in country dialogue, country strategies, work programs.
Selection Criteria
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- Master’s degree in finance, economics, environmental science, or related fields with at least 5 years of relevant experience.
- Specialized knowledge and experience in climate change, sustainable development, and green finance mechanism
- Previous roles in relevant sectors, such as financial institutions, environmental organizations, or government agencies.
- Experience in leading or participating in projects related to climate finance or green finance, especially in developing countries.
- Practical experience in designing, implementing, and managing climate finance projects. This includes familiarity with international climate finance mechanisms, such as the Green Climate Fund or the Global Environment Facility.
- Proficiency in financial modeling, risk assessment, and impact evaluation related to climate finance projects.
- Understanding of development policies and objectives, particularly how they intersect with commercial finance and capital market principles.
- Knowledge of institutional capacities in lowand middleincome countries to manage climate finance effectively and mitigate risks.
For information about WBG Core Competencies, please visit: https://bit.ly/2kbIA7O.
World Bank Group Core 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.
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.
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