Back Compliance and Enterprise Risk Intern

Duration: 6 months
Starting date: 07 July 2025
Location: Songdo, Incheon City, Republic of Korea
Remuneration: US$ 1,300/month

Introduction
The Green Climate Fund is the world’s largest dedicated multilateral climate fund and invests in impactful, innovative, catalytic programs and projects in developing countries across the globe. The GCF has a portfolio of 286 projects across 133 countries, with a total commitment of USD 15.9 billion to date.

In 2023, an additional USD 12.8 billion was pledged, to support our new strategic and programming cycle from 2024-2027; our ambition is to grow to become at least a USD 50 billion fund by 2030. Rooted in the core objectives of impact and efficiency, access and a focus on the most vulnerable, and mobilizing a much higher scale of public and private sector financial flows for climate action we have an unparalleled scale of resources, which, together with our risk appetite and flexibility allows us to bring together different partners and stakeholders in innovative partnerships for profound impact.

GCF is seeking a top-tier individual with a demonstrable track record of harnessing experience, energy and networks to tackle complex global climate change challenges. You will be committed to making a positive, measurable difference through a mission-driven role, and thrive in a fast-paced, diverse environment.

You will be able to quickly scan and analyze complex, competing issues and lead significant sized teams to find solutions in evolving contexts, across multiple geographic locations.

You will be a nurturer of people: recognizing and growing the talent around you, exemplifying values of transparency, respect and innovation.

You will be committed to learning, knowledge-sharing, convening and communicating with partners to work together to ideate, develop and implement climate action initiatives that make a profound difference to people and planet.

You will join a team of talented, committed individuals representing almost 80 nationalities contributing skills and experience from academic, scientific, private, government and nonprofit backgrounds. Together, we work with governments, communities and civil society, technical agencies, and the private sector across the world.

Interested in more information?
Learn about working for GCF: https://www.greenclimate.fund/about/careers
View current vacancies: https://jobs.greenclimate.fund/

About the Green Climate Fund (GCF)
Set up in 2010 by the 194 countries who are Parties to the United Nations Framework Convention on Climate Change (UNFCCC), GCF takes its responsibility as the world’s largest dedicated multilateral climate fund to heart. GCF funds transformative climate projects across the developing world, supporting countries in their responses and actions to tackle climate change while fostering sustainable development within their communities.

Our country-driven approach ensures that our actions are tailored to the unique circumstances and national aspirations of each nation we support. Besides channeling public and private sector investment through a broad range of financing instruments, GCF builds the capacity of developing countries to take climate action through an extensive Readiness Programme ensuring countries are increasingly well-equipped and financed to manage their climate futures.

Headquartered in the Republic of Korea, GCF operates with a diverse and talented workforce of over 300 people.

Internship Assignment

The Department of Risk Management and Compliance (DRMC)comprises 3 units – Enterprise Risk Unit, Programming Risk Unit and Compliance Unit. DRMC is seeking an Intern to provide operational and administrative support to the Compliance and Enterprise Risk units. S/he will have the opportunity to learn and expand her/his experiences by assisting with all compliance- and institutional risk-designated work, in particular with Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) and other related integrity matters, the analysis of institutional risk data and regular update of the risk dashboard and preparation of other ad hoc reports. In addition, s/he will have the opportunity to apply her/his first-hand knowledge on AML/CFT due diligence and Compliance risk management to the specifics of the Fund while supporting with the development and implementation of the Risk Management Framework, including the Risk Appetite Statement.

Under the overall guidance of the designated primary and alternate supervisors within the Enterprise Risk and Compliance units, the Intern will:

• Support the Compliance and Enterprise risk teams in delivering their mandate and responsibilities under the Fund’s Risk Management Framework, and the Fund’s Integrity Policy Framework – particularly on AML/CFT and other Prohibited Practices, which could include gaining insight into risk monitoring and assessment of funding proposals, readiness support proposals, adaptive management and disbursement requests.
• Support in the development and implementation of Compliance and Enterprise risk – related policies, guidelines, procedures and template.
• Assist in maintaining compliance due diligence and assurance documentation, including organising record keeping, reporting of data ad hoc related tasks.
• Contribute to due diligence of GCF funded activities within the remit of Compliance risk
• Assist the Enterprise risk unit in preparing the risk dashboard and ad hoc reports for the Fund’s senior management and Board (including the Risk Management Committee).
• Support in effecting controls and monitoring to ensure alignment with the Fund’s policies, procedures and Standards within the purview of the Compliance
• Other responsibilities may include providing support for (Board, Risk Management Committee) meetings and other events, performing general research tasks to assist both units, preparation and editing of documents, drafting meeting minutes etc. as may be required.

  Requirements and qualifications

  • Currently enrolled in or recently completed a master’s degree or similar post-graduate program in Law, Economics, Business, Public Administration or related fields is required;
  • Basic understanding of Compliance – particularly AML/CFT/anti-corruption/anti-fraud - and enterprise risk management principles and practices i
  • Experience and/or proven interest in compliance, integrity, financial crime, specifically anti-money laundering, countering the financing of terrorism, risk management, as well as risk management architecture and risk management frameworks is highly desirable
  • Strong interest in due diligence software applications.
  • Insight and experience in operations of international organization is an added advantage.
  • Keen attention to detail, proven problem-solving skills and ability to collaborate well with others.
  • Good understanding and experience in drafting documents with strong emphasis in research and analysis.
  • Proficiency in using standard software programs: MS Word, Excel, PowerPoint, Outlook, and Access.
  • Excellent writing and presentation skills.
  • Fluency in English is essential; knowledge of another United Nations language, in particular French, Spanish, and/or Portuguese is an advantage; and
  • Established reputation for integrity, sound judgement, fairness and discretion.
    

    The closing date for application is 12 January 2025. Applications submitted after the deadline may not be considered.

    
    *The person assessed by the Selection Panel as most suitable for the position will be proposed for appointment. Selection among short-listed candidates will also take into account performance at interview, appropriate testing, and references.
    

    Applications from women and nationals of developing countries are strongly encouraged to apply.