Sustainable Finance Senior Associate
Asunción
- Organization: GGGI - Global Green Growth Institute
- Location: Asunción
- Grade: Junior level - X7
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Occupational Groups:
- Development Cooperation and Sustainable Development Goals
- Administrative support
- Banking and Finance
- Environment
- Closing Date: 2025-02-28
Sustainable Finance Senior Associate
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, assisting public and private financial sector actors to design, structure and bring to market innovative sustainable finance solutions, including green, social and sustainability bonds, sustainability-linked instruments, debt for nature/climate swaps, green credit and guarantee schemes. Since 2017, GGGI has successfully mobilized investment commitments exceeding USD 10 billion towards its member countries' NDC and SDG goals.
GGGI is seeking to expand its sustainable finance footprint in Paraguay to deliver demand-led support to Paraguay’s National Development Agency (AFD) in greening its portfolio.
POSITION SUMMARY
Based in Asunción, Paraguay, the Sustainable Finance Senior Associate will provide technical assistance to AFD in designing climate-smart agricultural credit instruments and supporting the pre- and post-issuance process of a resilience bond. The role involves working closely with AFD to develop internal sustainability structures and policies.
The Sustainable Finance Senior Associate will report to the Sustainable Finance Senior Officer in Paraguay and work as part of GGGI’s global sustainable finance team. The selected candidate will rotate between GGGI’s Paraguay Country Office and AFD’s office.
PURPOSE
The Sustainable Finance Senior Associate will support GGGI’s sustainable finance efforts in Paraguay, providing technical assistance to the National Development Agency (AFD) in greening its portfolio. This includes supporting the development of climate-smart agriculture credit instruments, the pre- and post-issuance of a resilience bond, and establishing AFD’s Sustainability Unit by designing policies, frameworks, and internal taxonomies.
The role involves engaging with financial regulators, development banks, and climate finance funds to enhance Paraguay’s sustainable finance ecosystem. The Senior Associate will also contribute to national finance policies, mobilize climate finance, and support investment structuring. Additionally, the position requires stakeholder engagement, knowledge-sharing, and collaboration with GGGI’s regional and global teams to scale green finance initiatives across Paraguay.
ENGAGEMENT
- Directly report to the Sustainable Finance Senior Officer in Paraguay, the Country Program Manager and Investment Lead for Latin America and the Caribbean
- Support relationship management with AFD, local financial institutions, national development banks, international financial institutions, and climate finance funds.
- Engage with financial regulators to contribute to sustainable finance policy development and decision-making processes.
- Collaborate with GGGI’s regional and global sustainable finance teams to scale and replicate successful financial models in Paraguay.
- Work closely with the GGGI Paraguay team to integrate sustainable finance solutions into national development priorities.
- Represent GGGI Paraguay at relevant conferences and events to showcase the program’s impact.
- Participate in GGGI-wide events to create awareness about GGGI Paraguay Program and related activities.
DELIVERY
- Conduct a gap assessment and diagnosis of AFD’s Sustainability-related issues to recommend a working structure for a Sustainability Unit.
- Propose a structure and develop a workplan for AFD’s Sustainability Unit.
- Develop and design policies, procedures and manuals related to the new Sustainability Unit, under the Sustainable Finance Senior Officer supervision.
- Assist in designing and developing a climate-smart agriculture credit line.
- Support the development of an internal taxonomy for AFD to guide sustainable investment eligibility.
- Assist in structuring and developing AFD’s Resilient Bond Framework.
- Support the development of AFD Resilient Bond Framework.
- Contribute to other GGGI-led sustainable finance projects in Paraguay.
REQUIREMENTS
QUALIFICATIONS
- Bachelor’s degree in a relevant area, such as Economics, Finance or other related fields.
- Preferred at least 5 years of professional experience in the banking sector in Paraguay.
- At least 2 years of professional experience in sustainable finance is required.
- Professional experience in Climate-Smart Agriculture projects is an asset.
- Knowledge of and experience in adhering to internationally agreed environmental and social safeguards (ESS) and gender-sensitive design requirements.
- Verbal and written fluency in English is required.
FUNCTIONAL
- Strategic thinker and solutions-oriented, with good ability to multitask and work in a matrix environment.
- Ability to interact, develop and maintain working relations with financial sector stakeholders and high-level government officials and partners.
- Committed to learning about the growing field of sustainable finance.
- Comfortable working both in a team and independently.
- Strong ability to work remotely, while maintaining productivity.
- Excellent communication (both written and oral) and facilitation skills.
- Excel at problem solving, ask questions and seek support when needed, share easily knowledge with others both internally as externally.
CORPORATE
- Understand and actively support GGGI's mission, vision and values.
- Promote the optimum use of public resources
- Promote an organizational culture of trust, transparency, respect and partnership.
- Processes and shares information easily.
- Manage emotions and stress positively, build rapport and resolve conflict easily.
- Promote creativity and innovation among staff.
- Be able to lead where needed and provide solutions to project-level challenges.
WORKING CONDITIONS
The Sustainable Finance Senior Associate is an X7 grade level in GGGI Paraguay national salary scale. The salary range for the position starts at USD 30,147 per annum, depending on qualifications, experience and internal equity. In addition, GGGI provides 15% of base salary towards retirement plan/long-term savings,27 days of annual leave, flexible work arrangements and contribution towards private health insurance that covers dental and vision. The initial appointment is for 12 months, renewable subject to satisfactory performance and budget availability.
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 commitments and personal and family commitments, including repercussions of post-COVID conditions, thus ensuring high performance, long-term productivity and well-being of Staff members.
For more information on GGGI's terms and conditions (allowances, health care, education etc) please familiarize yourself with GGGI's Rules and Regulations that can be found here: https://gggi.org/policy-documents/.
Child protection – GGGI is committed to child protection, irrespective of whether any specific area of work involves direct contact with children. GGGI’s Child Protection Policy is written in accordance with the Convention on the Rights of the Child.
Applications from non-qualifying applicants will most likely be discarded by the recruiting manager.