Target Model Portfolio Development Support for the GCF Programming Strategy

About GCF

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 336 projects across 134 countries, with a total commitment of USD 19.4 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.

Background

The Green Climate Fund (GCF) provides grants, loans, guarantees and equity to support climate action in developing countries, working through Accredited Entities and implementing partners. To ensure concessional resources are deployed effectively and in line with institutional priorities, GCF is updating its Programming Strategy, including strengthened approaches to strategic and tactical asset allocation (S/TAA).

To operationalize allocation guardrails, risk appetite, climate impact objectives and mobilization targets, GCF seeks to develop a target model portfolio aligned with relevant policies (including the Risk Appetite Statement and Risk Management Framework) to support pipeline screening, investment decisions and portfolio monitoring.

GCF therefore seeks an experienced individual consultant to design, develop and support the operationalization of this target model portfolio, including the S/TAA framework, modelling tools and related analytics to guide portfolio construction and future programming decisions.

Role

The Consultant will work under the supervision of the Department of Strategic Investment Partnerships and Co-Investments (DSCI) and in close collaboration with relevant departments and units within GCF, including Monitoring, Evaluation & Learning, Regional, Risk, and Treasury, teams amongst others. The objective is to deliver a Target Model Portfolio Framework that aligns with GCF’s programming priorities and guardrails, integrates risk and financial constraints, enables scenario‑based portfolio management, and provides practical internal modelling tools within a multilateral climate finance context.

Objective of the Assingnment

The Consultant is expected to undertake the following tasks, including an inception and diagnostic analysis phase, S/TAA design, model development, integration recommendations, and final presentation:

• Conduct a kick‑off with GCF stakeholders
• Review relevant documentation, policies, portfolio data and the Programming Strategy
• Deliver an inception report; assess current portfolio composition and its alignment with strategic goals, guardrails and risk parameters
• Identify data gaps and modelling constraints

Strategic & Tactical Asset Allocation (S/TAA) Framework

• Develop a Strategic Asset Allocation model aligned with macro climate goals, geographic and sectoral priorities, mobilization objectives and risk constraints
• Design a Tactical Asset Allocation framework with defined adjustment mechanisms, triggers and monitoring metrics
• Ensure dynamic linkage to pipeline maturity, market conditions and resource availability

Modelling Tool Development

• Develop a portfolio allocation model (Excel or Python) with adjustable parameters and constraints,
• Build scenario simulations (capital flows, market and FX shocks) and integrated analytics dashboard
• Provide clear user and technical documentation.

Integration and Operationalization

• Embed the model portfolio into GCF decision‑making, including programming cycles, Investment Committee reviews, portfolio monitoring, and coordination
• Identify targeted improvements to data systems, governance, and processes

Final Deliverables and Presentation

• Validate outputs with DSCI and selected teams
• Deliver final materials, including the modelling tools and a senior‑management presentation

Deliverables and Outputs

The Consultant is expected to deliver the following outputs (indicative):

• Inception and diagnostic reports
• Strategic and tactical asset allocation framework
• Target model portfolio tool, with user guide and technical documentation
• Scenario analysis package
• Implementation and integration roadmap
• Final presentation to GCF

Required Experience and Qualifications

• Advanced or bachelor’s degree in finance, economics, statistics, data science or a related field; professional certifications (e.g. CFA, FRM) an advantage.
• Minimum 15 years of experience in portfolio construction, asset allocation, investment strategy or quantitative modelling, preferably with private sector, MDBs, DFIs, IFIs, asset managers, investment banks or impact investors
• Proven ability to build well‑documented allocation and scenario models (Excel/Power BI and/or Python/R) and translate analytical outputs into clear, decision‑relevant recommendations
• Strong writing, presentation and stakeholder engagement skills.
• Familiarity with climate finance, climate impact metrics, concessionality and blended finance portfolios preferred

Duration and Location

The assignment will be completed over up to 4 months, with an estimated 60 working days, subject to agreement. The Consultant may work remotely, with availability for regular virtual meetings; travel to GCF Headquarters (Songdo) will be subject to prior approval and applicable policies.

Reproting Arrangments

The Consultant will report to the DSCI Director, with oversight from the Programming Strategy workstream lead. Regular progress updates (weekly or bi‑weekly) will be required, and all deliverables will be subject to GCF review and approval.

Application Process

Interested candidates are invited to submit their CV, a brief cover letter, and one example of a relevant portfolio or allocation model (or a description if confidential). 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 applications is 19 February 2026, 23:59 (KST). Applications submitted after the closing date may not be considered.