Background of this search:

Governmental capacity for efficient planning, the need to develop incentives and access to financing, and a full understanding and coordination of international climate financing have been identified as key factors allowing countries to respond to climate change, promote sustainability, and low carbon emissions more effectively. Financial institutions, national development banks (NDBs), and other key participants in the domestic capital markets could play a critical role in promoting sustainability and climate mitigation financing, given their ability to: promote financial incentives, manage national funds, and leverage international financing, boosting their impact and effectiveness through their knowledge of and experience in the sector.

The Connectivity, Markets and Finance Division (IFD/CMF) of the Inter-American Development Bank (IDB) seeks to scale up IDB’s current activities to promote green finance, in this case through innovative structured financing strategies and thematic bonds issuances. Through the Technical Cooperation programs RG-T3964 and RG-T3368, IFD/CMF aims to support the scaling up of private sector low carbon and resilient investments and by empowering local financial and capital market players to issue thematic bonds and include Environmental, Social and Governance (ESG) and Climate related information and coordinate and support the structuring of innovative green financing strategies in particular in supporting the implementation of a portfolio activities being executed by the IDB across the Latin American and the Caribbean Region.

A consultant with expertise on green finance and in particular green bonds is required to support the execution of the technical assistance programs mentioned above as well as participate in the development of new technical assistance projects related to green finance and/or sustainable debt. The incumbent would also be responsible to ensure that all the support information, including implementation reporting and knowledge materials developed, would be maintained within IDB information systems, information systems from beneficiary clients, and further promoted through a dedicated web platform greenfinancelac.org.

The team’s mission:

To address and support member countries in inclusive and environmentally sustainable productive development. IFD/CMF assists member countries to overcome the financing barriers that limit their productive development. Areas of work include financial inclusion, financial and fiscal risk management, financial transparency, housing finance, public debt management, green finance, among others.

What you’ll do:

In keeping with the principles and the objectives set for the Program, the consultant will support the IFD/CMF in the following actions, but will not be limited to:

  • Manage day to day operations of the RG-T3368 and RG-T3964 programs including budgeting, planning and preparation of business plans, contracting and manage of consultancies, constant monitoring, and reporting of outputs, planning and execution of knowledge dissemination activities, preparation of progress reports and follow up with donors.
  • Directly support clients in the implementation of IDB programs, ensuring clients have record keeping systems, and that planned activities are timely executed, as well as promoting stakeholder consultation, workflow and consultant management, and product review.
  • Review and make technical comments on studies and background materials developed by other consultants and consultancy firms in support to clients in order to ensure quality of outputs before delivery. Topics may cover ESG in financial systems, green and sustainable financial instruments, green and sustainable taxonomies, and green and sustainable bond markets.
  • Assist the team in the identification of potential new clients and in the client portfolio review process.
  • Support the preparation of new project proposals to access International Green Funds (for example the Global Environment Facility, Clean Technology Fund, Climate Investment Funds, Green Climate Fund) and other sources of funding, for activities that promote the integration of climate risks and ESG in financial systems, the promotion of sustainable debt instruments, and/or the development of green and sustainable taxonomies. The support will include the identification of potential new funding sources and the support to the development of project proposals.
  • Collect data and develop knowledge and advisory content, discussion notes and briefing
    • materials for IDB and IDB clients’ internal use.
    • Prepare knowledge products and review and provide inputs to knowledge dissemination tools such as the greenfinancelac.org.
    • Support development of training programs and organization of event dialogues, preparing presentations and draft agendas, draft reports, and background papers.

      What you’ll need:

      • Citizenship: You are a citizen of one of our 48-member countries. We may offer assistance with relocation and visa applications for you and your eligible dependents.
      • Consanguinity: You have no family members (up to fourth degree of consanguinity and second degree of affinity, including spouse) working at the IDB Group.
      • Education: Master’s degree in economics, business administration, finance, engineering,
      • environmental sciences or a related discipline.
      • Experience: At least ten years of relevant working experience with green finance, financial and capital markets, and project management, of which 5 years should have been in an international environment, preferably in Latin American and the Caribbean.
      • Languages: Fluency in both English and Spanish is a must. Proficiency in Portuguese would be a plus.

        Core and Technical Competencies:

        • Relevant work experience with sustainable debt (green, social sustainable or sustainability-linked bonds).
        • Experience with support to financial institutions in integrating climate and green financing strategies in their business. Ideally directly with national development banks.
        • Excellent drafting ability and communication skills, both written and oral; proven ability to communicate complex concepts and prepare reports that are clear, concise, and meaningful to different audiences.
        • Good team player, self-starter, has ability to work under minimum supervision and maintain good relationships.

          Opportunity Summary:

          • Type of contract: Consultant Full Time, monthly
          • Length of contract: 12 months
          • Location: IDB Headquarters – Washington, D.C.
          • Responsible person: Senior Specialist – Connectivity, Finance and Markets Division (IFD/CMF)
          • Requirements: You must be a citizen of one of the IDB’s 48 member countries and have no family members currently working at the IDB Group.

            Our culture:

            Our people are committed and passionate about improving lives in Latin-America and the Caribbean, and they get to do what they love in a diverse, collaborative and stimulating work environment. We are the first Latin American and Caribbean development institution to be awarded the EDGE certification, recognizing our strong commitment to gender equality. As an employee you can be part of internal resource groups that connect our diverse community around common interests.

            Because we are committed to providing equal opportunities in employment, we embrace all diversity and encourage women, the LGBTQ+ community, persons with disabilities, afro-descendants, and indigenous people to apply.

This vacancy is archived.

Recommended for you