Appel à candidature : Institut Mondial de la Croissance Verte recrute un Associé en Finance Durable (MEF) en Equateur.
Based in Quito, the Sustainable Finance Associate will support the implementation of the GGGI-led GCF Readiness program. The Associate will support the development of innovative sustainable finance instruments, including thematic bonds, climate smart PPPs, debt for climate swaps and national green taxonomy to mobilize international climate finance and private investments for low-carbon development in Ecuador.
The Associate shall work mainly in the offices of the Ministry of Finance and Economy. The Associate reports to the Sustainable Finance Coordinator in Ecuador.
PURPOSE
Support the delivery of climate and sustainable finance activities, including:
- Strengthen the Government of Ecuador´s institutional capacity to access sustainable & climate finance;
- Strengthen the sustainable finance capacity of the Institutional Thematic Funding Committee (CIFST) of the Ministry of Finance and Economy;
- Delivery of technical assistance to the Government of Ecuador to develop sustainable finance instruments to secure long-term concession capital, including thematic bonds and debt for nature/climate swaps;
- Deliver technical assistance to public and private finance sector actors for the design of thematic bonds (green, social and sustainability);
- Strengthen the Government of Ecuador’s institutional capacity to integrate environmental, social and climate change considerations into public-private partnership (PPP) processes and projects;
- Coordinate the development of a Green Taxonomy Roadmap with the financial sector;
- Support investments projects cycle, including origination, evaluation, structuring, negotiating, and financial advisory until the financial close of transactions;
- Support the development of concept notes and funding proposals for international climate funds, including the Green Climate Fund, Adaptation Fund and Global Environment Facility;
- Development of content for knowledge, training, and communication materials on sustainable and climate investments;
- Supporting the organization and delivery of capacity building and technical assistance to local financial institutions to promote the adoption of environmental, social and governance standards and increase the availability of green finance for private sector-led low-carbon projects.
ENGAGEMENT
Support GGGI Project Manager in the engagement with public and private, national and international stakeholders, including:
- Support the engagement with the Government of Ecuador and GCF
- Build and maintain strong relationships with the Ministry of Environment, Water and Ecological Transition, Ministry of Economy and Finance, government institutions, local financial institutions, national development banks, stock market, international financial institutions and international climate funds;
- Engage with financial regulators to influence finance policy development and decision-making.
- Organize and deliver consultation and validation workshops to validate products and activities.
- Support the establishment of periodic engagement with the program steering committee.
- Support GGGI to engage with potential donors and partners in coordination with MEF and MAATE.
DELIVERY
Support the delivery of climate and sustainable finance activities, including:
- Organize and deliver sustainable finance capacity-building material and workshops targeting CIFST, MAATE, MEF and other public and private sector stakeholders;
- Support the validation, expansion and operationalization of the Ecuador Green Bond Framework;
- Identify a portfolio of green projects that can be financed through green bonds.
- Support the development of Standard Operating Procedures for institutionalizing Debt for Climate/Nature Swaps in Ecuador’s public finance laws and regulations. In accordance with the provisions of Resolution CDF-RES-2023-004 and others.
- Support development in the preparation and procedure of Debt Swaps for Climate/Nature
- Support the development of Ecuador’s Green Taxonomy Roadmap, including organizing roundtables, workshops and knowledge exchange events with the financial sector.
- Develop and deliver sustainable banking capacity-building material and workshops targeting local financial institutions;
- Support the development of recommendations for integrating environmental, social and climate change considerations into PPP policies, legislation, regulation, RfPs, bidding documents and contracts developed.
REQUIREMENTS
QUALIFICATIONS
- Bachelor’s degree in economics, Finance, or other related fields.
- An advanced degree in Economics, Macroeconomics, Finance, Public Administration, Sustainable Development, or another relevant field is a plus.
- 5 years of professional experience in the financial sector, in banking or public finance institutions.
- Preferably 1-2 years of professional experience in sustainable or climate finance in the financial or government sector.
- Excellent Knowledge of Ecuador’s investment project cycle, public finance cycle, and public debt regulation, debt instruments is required.
- Prior experience with at least one of the following instruments is a strong asset: thematic bonds, green credit/loans, debt for nature/climate swaps or climate-smart PPPs.
- Prior experience sourcing, structuring, and closing climate change mitigation and or adaptation investments is a strong asset.
- Experience and familiarity with climate & sustainable banking initiatives and standards is required.
- Verbal and written fluency in English and Spanish
- Familiarity with the Green Climate Fund and its functioning is a plus.
More details
Deadline : June 19th, 2023