Back Director of Corporate Treasury

Grade: IS-8
Deadline: 15 December 2024 (11:59 PM KST)
Job Category: International
Salary: starts at USD 230,900 (plus attractive benefits, that include the following allowances (as applicable)): Relocation, dependency, housing, education assistance and home country travel.

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.

Position Objective
The Director of Corporate Treasury will be responsible for developing and establishing strategies, policies and frameworks relating to management of FX, interest rates, debt issuance, liquidity and overall asset-liability management. S/he will work closely with CFRO to provide advisory and expert leadership in corporate treasury strategy, investments, structuring loans as well as financial risk management and optimising capital structures for future growth. The Director will drive and deliver strategic Treasury-related initiatives and engagements.

Purpose

• Develop and execute the GCF’s global funding and capital allocation strategy, creating resilient frameworks for diversified funding sources and ensuring sustainable access to capital across varied debt capital markets
• Establish and maintain bank facilities and funding programs such as MTN, ECP and CD
• Establish advanced financial models and stress-testing scenarios to assess and optimize the Fund’s capital structure, ensuring resilience under varied economic conditions and alignment with financial objectives.
• Monitor capital markets to ensure access to funding under all market conditions
• Oversee the management of cash flows and liquidity to ensure adequate funding for operations and strategic initiatives within applicable risk limits
• Evaluate and recommend strategies to optimize the Fund’s capital structure
• Develop, implement, and maintain treasury policies and procedures to ensure compliance with regulatory requirements and industry best practices

  Engagement

  • Lead high-level relationships with key financial institutions, contributors and regulatory bodies to secure long-term partnerships and high-value commitments.
  • Manage external relationships with banks, investors, rating agencies and relevant stakeholders
  • Prepare regular balance sheet metrics review for the executive leadership team and the Board
  • Work closely with relevant stakeholders, including finance, accounting, and operations teams, to support strategic objectives

    Delivery

    • Establish strategic frameworks for cash and risk management, leveraging innovative technology and data-driven insights to enhance liquidity, financial forecasting, and responsiveness to market changes.
    • Optimize cash management processes and systems for efficiency
    • Recommend deployment strategies of surplus cash to optimise returns
    • Actively monitor global FX and interest rate markets and execute appropriate hedging strategies to manage financial risks
    • Provide cost of funds and comparable transactions to business to ensure assets are appropriately priced
    • Leverage technology and financial systems to enhance treasury operations and drive innovation in financial analysis

      Requirements (Education, experience, technical competencies required of the job)

      • Master’s degree in accounting, finance, or a related field. Bachelor’s degree in a relevant field with additional 2 years of relevant experience may be accepted in lieu of the Master’s degree requirement;
      • At least 15 years of relevant Treasury experience with management experience, preferably gained at HQ of a Financial Institution;
      • Experience in developing and establishing strategies, policies and frameworks relating to management of FX, interest rates, debt issuance, liquidity and overall asset-liability management is required;
      • Experience in managing multiple Treasury activities as such ALM, FX and interest rates, banking relationships, debt capital markets, treasury systems and accounting;
      • Excellent leadership skills with demonstrated ability to manage and develop diverse teams.
      • Exceptional analytical skills with a strong attention to details;
      • Familiarity with international development, multilateral development banks and/or the UN system would be an advantage.

        Competencies

        • Inspires and guides the department with a compelling vision for the future, aligning strategies and actions with a shared sense of purpose;
        • Possesses exceptional communication skills and the ability to persuasively convey ideas, gaining buy-in and inspiring action from others, particularly the ability to present financial information to senior management and stakeholders;
        • Able to develop effective partnerships and engage effectively with various stakeholders, including financial institutions, banks, credit ratings agencies and other relevant organizations;
        • Demonstrates a creative and forward-thinking mindset, consistently generating new ideas and solutions to address challenges and capitalize on opportunities;
        • Leads and develops high-performing teams, fostering a culture of collaboration, innovation, and professional growth;
        • Inspires and motivates others to achieve their best by fostering a positive and supportive work environment, recognizing, and celebrating achievements;
        • Maintains high ethical standards ensuring fairness, respect, and integrity.
        • Excellent written and oral communication skills in English are essential for this position; knowledge of another UN language would be an advantage.
          

          The closing date for applications is 15 December 2024. Applications submitted after the deadline may not be considered.

          The recruitment is managed by an external search firm. 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.