SUSTAINABLE FINANCE SENIOR OFFICER, ASIA

Please note that the deadline is based on Korean Standard Time Zone (KST, UTC+9)

INTRODUCTION TO GGGI

The Global Green Growth Institute (GGGI) is a treaty-based international, inter-governmental organization dedicated to supporting and promoting strong, inclusive and sustainable economic growth in developing countries and emerging economies. To learn more please visit about GGGI web page. 

GGGI has a rapidly expanding sustainable finance portfolio, especially on green, social and sustainable (GSS) bonds, having supported GSS bond issuances exceeding USD 6.5 billion. In 2024 GGGI has entered into a partnership with the European Commission (EC) to deliver technical assistance under the framework of the EU Global Green Bond Initiative (GGBI).

CONTEXT

Under the framework of the GGBI, GGGI is tasked to promote the development of green bond markets by accompanying first-time issuers in EU partner countries across Latin America and the Caribbean (LAC), Southeast Asia (SEA) and Subsaharian Africa (SSA) to enter the green bond market.

GGGI is to support a minimum of fifteen (15) issuers from low- and middle-income countries throughout the issuance of green bonds, mobilizing at least USD 3 billion, yielding significant environmental and economic benefits, including a reduction of emissions equivalent to 130 million tons of CO2e, the sustainable management of 300,000 hectares of forest, the creation of 250,000 green jobs and enhance the climate change resilience of 2 million beneficiaries.

GGGI activities are organized under 4 outputs:

POSITION SUMMARY

The Sustainable Finance Senior Officer will coordinate the GGGI-GGBI Asia Portfolio, responsible for the identification and engagement of perspective issuers, accompany them throughout the pre- and post-issuance process, including stakeholders engagement (regulators, arrangers, underwriters, stock exchanges, investors, guarantors), green bond framework development, green project pipeline development, roadshow organization and delivery, second party opinion negotiation, development of impact reporting. The Senior Officer will maintain Asia GGBI portfolio budget oversight, portfolio management responsibilities.

PURPOSE

The Sustainable Finance Senior Officer will be the project’s second-highest technical expert, and will thus be expected to take the lead on the development of pre- and post-issuance processes, with minimal support from external consultants. The Sustainable Finance Senior Officer will support at least 12 green bond issuances over a period of 4 years. The Senior Officer will work closely Sustainable Finance Officers across the region, supervise a

Sustainable Finance Associate, and maintain a double reporting line to GGBI Project Manager and Asia Regional Director.

ENGAGEMENT

• Support the engagement with GGGI member countries on sustainable finance and green investment workstreams
• Map and engage with potential green bond issuers, secure mandate letters to activate GGGI-GGBI technical assistance
• Build and maintain strong relationships with ministries of finance and environment, local financial institutions, national development banks, international financial institutions and international climate funds
• Map, identify and engage with potential green bond issuers, stock exchanges, SPO providers and relevant industry actors
• Build and maintain a network of partner Second Party Opinion providers, Stock Exchanges, partner Arrangers, institutional investors, perspective issuers

DELIVERY

• Develop issuers’ Green Bond Frameworks, including i) Use of Proceeds, ii) Process for projects identification and selection, iii) Management of Proceeds, iv) Monitoring and reporting;
• Deliver capacity building to perspective issuers, in the form of workshops, webinars and bilateral engagement to build issuers’ awareness and capacity to complete green bond issuances;
• Negotiate with Second Party Opinion providers to secure positive evaluation of issuers’ green bond framework;
• Accompany the issuers in investor roadshows to respond and clarify potential investors’ questions;
• Assist issuers to screen, identify, prioritize and select eligible green projects;

REQUIREMENTS

QUALIFICATIONS

• Bachelor’s degree in Economy, Finance, Public Administration, Social Science, or other related fields
• An advanced degree in Finance, Public Administration, Economics, International Affairs or other relevant field is valued
• Preferably 9 years of professional experience in sustainable finance
• Minimum of two (2) years of living and working outside of their country/countries of nationality (periods of study, volunteer work or internship positions would not be included).
• Prior experience with green, social, or sustainable bonds is required
• Familiarity with national and international taxonomies is strongly preferred (e.g. EU taxonomy, Climate Bond Initiative)
• Experience and familiarity with sustainable finance and sustainable banking standards is an asset
• Excellent written and oral communication skills in English is essential for this position (the selection process will involve a technical tests in English)

FUNCTIONAL

• Exceptional analytical skills, alongside strong synthesis skills
• Leadership, teamwork and creative problem-solving abilities
• Able to pick up and assimilate relevant information quickly and easily. Learns new tasks rapidly. Responds swiftly and appropriately. Can think on their feet in rapidly changing environments.
• Excellent ability to multi-task and prioritize under stressful circumstances.
• Attention to detail, quality control and strong organizational abilities.

CORPORATE

• Understand and actively supports GGGI’s mission, vision and values.
• Promote an organizational culture of trust, transparency, respect and partnership.
• Process and share information easily.
• Manage emotions and stress positively, builds rapport and resolves conflict easily.
• Promote creativity and innovation among staff.
• Be able to lead where needed and provide solutions to project-level challenge.

WORKING CONDITIONS

The Sustainable Finance Senior Officer is an X9 grade level in GGGI's International Position Scale. For X9 International grade, the base salary starts from USD 77,904 with an expatriate benefit upon the eligibility of selected candidate. Determination of base salary is subject to candidate's experience, academic background and internal equity. GGGI provides 15% of base salary towards retirement plan/long-term savings, 27 days of annual leave, and private health insurance that covers dental and vision.

GGGI is committed to providing a work environment that is sufficiently flexible to accommodate diverse life-cycle challenges and assist Staff members to achieve a better balance between work and personal/family commitments, thus ensuring high performance, long-term productivity, and well-being of Staff members