Credit and Investment Risk Consultant [Roster]

Introduction

Join us at a pivotal moment in global climate action

The Green Climate Fund is the world’s largest dedicated multilateral climate fund serving as the climate finance partner of choice for developing countries. We invest in impactful, innovative, catalytic programs and projects that deliver real climate solutions where they are needed most.

Our impact

A decade of transformation as we mark 10 years of climate action, GCF's achievements demonstrate our commitment to global climate finance. Since approving our first project in Peru’s Amazon basin in November 2015, we have grown to a USD 19+ billion portfolio spanning over 330 projects across more than 130 developing countries This decade of progress has taught us what it takes to support countries in building climate resilience and driving sustainable development. GCF has now embarked on an ambitious transformation agenda to make climate finance more responsive to country needs, faster to access, and more impactful at scale.

Our ambition

Growing to $50 billion by 2030, an additional USD 12.8 billion was pledged, to support our new strategic and programming cycle from 2024-2027. Our vision is to become atleast 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 unprecedented public and private sector financial flows for climate action we have an unparalleled scale and flexibility to bring together different partners and stakeholders in innovative partnerships for profound impact.

What we're looking for

We are seeking a top-tier individual with a demonstrable track record of tackling complex global climate change challenges. You will be committed to making a positive, measurable difference through mission-driven work, and thrive in a fast-paced, diverse environment where you quickly scan and analyze complex, competing issues and lead significant teams to find solutions in evolving contexts, across multiple geographic locations.

Why join GCF now?

This is an exceptional moment to join us as we scale impact toward our $50 billion vision and demonstrate that strategically deployed climate finance drives transformative global change. The Fund seeks to engage a Credit and Investment Risk Consultant to carry out the duties and responsibilities and provide support to the hiring unit as detailed below. The assignment is for an initial 84 days (Remote) or 140 days (HQ based) over a 7-month period (June 1 to December 31, 2026), with a possible extension.

Role

The Department of Risk Management and Compliance (DRMC) comprises the Risk and Compliance units. Combined, DRMC’s function is to: (a) develop, manage and update comprehensive risk and compliance frameworks, policies and processes; (b) identify, prioritize, monitor and manage actual and potential risks affecting the GCF; and (c) review proposed and actual GCF investments to ensure that they comply with the Fund’s policies. This role sits within the Programming Risk Unit.
Under the overall supervision of the Director of Risk Management and Compliance, the Credit and Investment Risk Consultant, reporting to the Lead Risk Specialist, is responsible for assessing funding proposals and post approval amendments and restructuring requests across regions, utilizing all financial instruments (grants, loans, guarantees, (quasi) equity) to provide an objective and independent risk views and solution-oriented advice to management and program teams to maximize the efficiency and effectiveness of GCF investments.

Duties and responsibilities

The expected tasks and deliverables may include but not be limited to:

• Contribute to the refinement and development of credit and equity standards, deal acceptance criteria, risk tools and knowledge management products to ensure rigorous assessment of funding proposals and proactive management of portfolio projects.
• Assess funding proposals and post approval amendments and restructuring requests, including complex, innovative and high-impact projects across regions, utilizing financial instruments (grants, loans, guarantees, (quasi) equity) to provide an objective and independent risk views and solution-oriented advice to management and program teams to maximize the efficiency and effectiveness of GCF investments.
• Collaborate with other members of the DRMC, the origination and portfolio teams, and other members of the deal team, to ensure that risks and opportunities are identified and fully understood throughout the approval and portfolio management process.
• Provide expert advice on risk mitigation and persuade stakeholders to improve the risk and reward profile of the funding proposals and restructuring requests.
• Collaborate with the first line program teams to engage external partners, if required, to resolve specific risk related deal issues.

Deliverables include

• Review funding proposals and post approval amendments and restructuring including complex requests in accordance with the Risk Management Framework of the Fund and the minimum concessionality principle in the GCF context.
• Adapt the review commensurate with the risk profile and complexity of the funding proposal and amendment and restructuring requests to advance GCF’s mandate to support innovative and high-impact projects while ensuring that risk policies are adhered to.
• Prepare risk assessments in materials submitted to the relevant corporate committees and board for informed decision making.

Required experience and qualifications

• Master’s degree or equivalent in Economics, Finance, Business, or related disciplines is preferred; or a Bachelor’s degree with additional 2 years of relevant experience may be accepted in lieu of the Master’s degree requirement.
• At least nine (9) years of relevant experience in a similar work setting (international financial institution, international bank, funds, or other similar institution).
• Thorough understanding of macro-economic and political analysis, sector dynamics, financial modelling, equity valuation, legal structuring, and financial instruments and application of this understanding to the analysis of funding proposals and portfolio management.
• Experience of structuring and documentation of private sector projects with various financial instruments (debt, equity, mezzanine, and guarantee) is required. Experience of fund investments is desirable.
• Advanced analytical capacity including extensive experience with analytical tools and financial modeling skills.
• Strong writing and communication skills and ability to work in multi-cultural environments.
• Developed negotiation skills and ability to seek constructive solutions that achieve optimum risk-reward.
• Ability to work independently, while adhering to the timelines and quality of deliverables.
• Professional designation such as FRM or CFA is an advantage.
• Professional experience in developing countries is an advantage.
• Fluency in English is essential; knowledge of another United Nations language is an advantage.

Additional Considerations:

• In your cover letter and/or CV, please indicate whether you are applying for an HQ based or Remote Consultancy position. Candidates can also indicate both. Final determination will be made by GCF subject to organizational needs.
• Remote based consultants are expected to work 3 days per week.
• HQ based consultants are expected to work approximately 20 days per month.
• Qualified candidates who are not selected for this assignment may be retained on the organization’s roster for potential future opportunities that match their profile. Inclusion in the roster does not guarantee a contract or engagement.

Application Process

Interested candidates are invited to submit their CV and a cover letter detailing their qualifications and experience relevant to the role. Candidates of all nationalities are welcome to apply. Please indicate your earliest availability to take up the assignment and notice period required, if employed. The closing date for the application is 17 April 2026, 23:59 (KST). Applications submitted after the closing date will not be considered. In case of any technical issues, please contact: procurement@gcfund.org.