Director of Risk Management and Compliance

Grade: IS-8
Deadline: 9 November 2025 (11:59 PM KST)
Job Category: International
Salary: 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 297 projects across 133 countries, with a total commitment of USD 16.6 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 Risk Management and Compliance, reporting to the Chief Finance and Risk Officer, is responsible for leading the Department of Risk Management and Compliance (DRMC) in

• Developing and maintaining fit-for-purpose risk management framework, guidance and tools to maximize the efficiency and effectiveness of risk management and compliance at the GCF. 
• As the second line of defense, managing financial, program (credit, investment and portfolio), Institutional Liquidity market and enterprise and compliance risks within DRMC mandate in accordance with Board approved risk appetite and policies.
• Oversee GCF’s strategy for operational Risk management (including corporate and investment-related risks), by strengthening internal Control including the continuous process improvement to enable operational excellence.
• Providing trusted and solution-oriented advice to the Executive Leadership Team, staff and partners, and
• Fostering a strong risk and compliance culture.

She/he will also be responsible for developing and executing risk management strategy, work program and budget to advance the Fund’s strategic objectives and mandate.

Purpose 

• Transform GCF’s risk management and compliance framework and management to be fit-for-purpose, efficient and effective.
• As a member of the various Corporate Committees, provide risk oversight on GCF investment, supported programs and institutional management, ensuring that they are within the Fund’s risk tolerance and comply with the Fund’s compliance policies within DRMC mandate.
• Lead the GCF’s strategy for operational risk management by delivering internal control and efficient operational excellence.

Engagement

• Advise the ELT on current and emerging risks across all areas of the Fund’s work in order to collaboratively develop and implement organization-wide strategies.
• Represent risk management and compliance and build stakeholders’ confidence in the Secretariat’s ability to assess and manage risk to maximize impact delivery and achieve financial sustainability.
• Model and champion the GCF core values and appropriate work culture by creating an environment where people are properly engaged, valued, managed and supported to contribute to the Fund’s mission.

Delivery

• Lead development and implementation of risk (Operational, Program & Portfolio and Enterprise) management framework, policies and processes, and collaborate with the Independent Integrity Unit in implementing integrity/AML related compliance framework.
• Identify risks as they are emerging and guide teams in DRMC and elsewhere in the Secretariat to address them.
• Oversee the people management processes in line with the Fund’s policies and expected standards.

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

• 15 years or more experience relevant experience in managing risk, compliance, etc. at least seven (7) years should be in Senior Management position with functional/team oversight.
• Relevant experience in climate finance, compliance management, in multilateral funds, International Financial Institutions or Multilateral Development Banks
• Master’s or higher-level degree with relevant professional qualifications;
• Track record and experience in managing people and teams including managing performance and accountability for work and behaviors
• Experience working in a fast-paced environment
• An understanding of the UNFCCC framework, is an advantage;
• Fluent written and oral communication skills in English are essential for this position; knowledge of another UN language an advantage.
• The following managerial competencies are required for success in this position

Leadership

• Serves as a role model that other people want to follow.
• Empowers others to translate vision into results.
• Is proactive in developing strategies to accomplish objectives.
• Establishes and maintains relationships with a broad range of people to understand needs and gain support.
• Anticipates and resolves conflicts by pursuing mutually agreeable solutions.
• Drives for change and improvement, does not accept the status quo.
• Shows the courage to take unpopular stands.

Empowering others

• Delegates responsibility, clarifies expectations and gives staff autonomy in important areas of their work.
• Encourages others to set challenging goals.
• Holds others accountable for achieving results related to their area of responsibility.
• Genuinely values all staff members’ input and expertise.
• Shows appreciation and rewards achievement and effort.
• Involves others when making decisions that affect them.

Managing performance

• Delegates the appropriate responsibility, accountability and decision-making authority.
• Makes sure that roles, responsibilities and reporting lines are clear to each staff member.
• Accurately judges the amount of time and resources needed to accomplish a task and matches task to skills.
• Monitors progress against milestones and deadlines.
• Regularly discusses performance and provides feedback and coaching to staff.
• Encourages risk-taking and supports staff when they make mistakes.
• Actively supports the development and career aspirations of staff.
• Appraises performance fairly

Building trust

• Provides an environment in which others can talk and act without fear or repercussion.
• Manages in a deliberate and predictable way.
• Operates with transparency, has no hidden agenda.
• Places confidence in colleagues, staff members and clients.
• Gives proper credit to others.
• Follows through on agreed upon actions.
• Treats sensitive or confidential information appropriately.

Judgement / decision making

• Identifies the key issues in a complex situation, and comes to the heart of the problem quickly.
• Gathers relevant information before making a decision.
• Considers positive and negative impact on others and on the Fund.
• Proposes a course of action or makes a recommendation based on all available information.
• Checks assumptions against facts.
• Determines that the actions proposed will satisfy the expressed and underlying needs for the decision.
• Makes tough decisions when necessary.

The closing date for application is 9 November 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.