Back Programming 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 Programming Risk unit. A successful candidate will have the opportunity to learn and expand their experience by assisting with all credit and investment risk designated work, including credit analysis of funding proposals, developing risk recommendations, risk review of the investment portfolio and restructuring cases, as well as assisting the team in their day-to-day activities and the ad hoc tasks. In addition, they will have the opportunity to apply their first-hand knowledge to the specifics of the Fund while supporting with the development and implementation of the Risk Management Framework.

Under the overall guidance of the designated primary and alternate supervisors within the Programming risk team, the Intern is expected to:

• Support the Programming risk team in conducting their individual responsibilities under the Risk Management Framework, which could include gaining insight into risk monitoring and assessment of funding proposals and readiness support proposals.
• Support in the implementation of the Credit risk – related policies and guidelines.
• Helping to analyse data and statistics and to develop the credit and investment risk reports.
• Assisting the Programming risk team in ensuring proper due diligence of GCF programs within the remit of the Programming risk function.
• Support monitoring and controls to ensure compliance with Risk Management Framework, Risk Appetite Statement, Investment Risk Guidance, and other relevant internal rules, and procedures, and assuring that credit and investment risks are properly managed by the relevant function; and
• Other responsibilities may include providing support for (Board, Risk Management Committee) meetings and other events, performing general research tasks, preparation and editing of documents, taking minutes, preparing summaries of discussions, etc. as may be required.

  Requirements and qualifications

  • Currently enrolled in or recently completed a master’s or similar post-graduate program in Law, Economics, Business, Public Administration or related fields;
  • Basic understanding of credit and investment risks.
  • Knowledge and experience and/or proven interest in credit and investment risk management and financial analysis.
  • Insight and experience in operations of international organization is an added advantage.
  • Good understanding and experience in drafting documents with strong emphasis in research, analysis, and attention to detail.
  • Great attention to detail, problem-solving skills, and capability to collaborate well with others.
  • 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 and Spanish, and/or Portuguese is an advantage; and
  • Established reputation for integrity, sound judgement, fairness and discretion is a must.
    

    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.