The consultant will support the Climate Change Unit building and managing a climate-finance related project portfolio and initiatives in Latin America and the Caribbean focused mainly on (1) improving the contribution of finance to low emissions and resilient development and;
2) strengthening financial stability by incorporating climate factors into investment decision making.
The overall objective of this position is to provide strategic advice on climate finance issues to help Latin American and Caribbean countries increase investments to comply with the Paris Agreement.
To help with the development of policy and projects that bridge the climate finance gap, science, policy responses and investment.
Also, to support the unit to formulate proposals that entail innovative financing approaches that harness the power of disruptive technologies and business models, as well as boosting the potential of partnership structures to bring together governments, development banks and the private sector, all with the aim of implementing the region’s priority climate actions.
The consultant shall perform the following activities :
Align financial sector strategies with the implementation of the Nationally Determined Contributions (NDC).
Identification, conceptualization, formulation, and implementation of a bankable climate-finance related project portfolio in Latin America and the Caribbean within the scope of the UN Environment Programme’s climate change Programme of Work and strategy for private sector engagement.
This portfolio shall integrate projects, initiatives, technical cooperation, etc. within the sphere of climate finance (climate risk, green investments, bonds, taxonomies, etc.
and across all stakeholders, such as banks, insurances, investors, regulators, decision makers, climate funds, etc.)
Design climate-related fund programming to leverage other sources of public and private finance.
Designing financing instruments across public and private finance to deliver climate related outcomes.
Working with the private sector to educate investors in climate change impacts to enable private sector capital to flow to Paris Agreement related investment.
Articulating financing strategy and frameworks for climate change plans including in support of Nationally Determined Contributions
Development of top-down financing needs assessment at the macro-level to inform discussions with planning and finance authorities to identify the financing envelope.
Provide strategic insights on latest developments in climate finance, covering private sector and financial actors, innovations in business models and financial products.
Research and engagement creation of partnerships with relevant national, regional, and global stakeholders.
Contribute to strategic UNEP internal and external policy position papers, business plans, communication products and internal briefing notes.
Provide inputs / contribute to the development of funding proposals.
Technical advice to support countries in the region to undertake legal and regulatory reforms and develop frameworks that integrate laws and regulation which are fit for purpose to de-risk, unlock, mobilise, leverage and mainstream public and private climate finance.
Providing technical support for project development processes.
Support in the organization of financial sector engagement workshops.
Support the implementation of capacity building measures and policies. Mapping financial actors in a country.
Knowledge in managing physical and transition risks in the banking sector.
Identify and support new and existing programming and partnership opportunities and initiatives. Existing initiatives can include, but are not limited to SDG Impact, the Climate Investment Platform, and UNEP collaborations on financial instruments.
Partners can include, but are not limited to : multilateral development banks, vertical funds such as the Globa Environment Facility (GEF), the Green Climate Fund (GCF), bilateral donors, private sector (corporates, investors), and others.
Initially Home-based then at UNEP ROLAC, Panama City, Panama, once UNEP ROLAC new offices are open.
Duties and Responsibilities
The United Nations Environment Programme (UNEP) is the leading global environmental authority that sets the global environmental agenda, promotes the coherent implementation of the environmental dimension of sustainable development within the United Nations system and serves as an authoritative advocate for the global environment.
The UNEP’s Latin America and the Caribbean Office (ROLAC), located in Panama City, works closely with the 33 countries of the region and its activities are integrated into the Medium-Term Strategy and the Programme of Work approved by the United Nations Environment Assembly (UNEA).
It is estimated that the capital needed to realize the 2030 Agenda for Sustainable Development worldwide amounts to USD 5-7 trillion a year.
Given the scale of capital needed, it is of vital importance to implement market mechanisms to reflect the potential benefits of sustainable investments and attract interest from potential investors.
The international community has made clear that the private sector - including financial institutions - plays a fundamental role in the realization of the 2030 Agenda and the delivery of the Sustainable Development Goals (SDGs) and the Paris Agreement in the years to come.
Local, national, or transnational financing, which may be drawn from public, private, and alternative sources of financing is critical to addressing climate change because large-scale investments are required to significantly reduce emissions, notably in sectors that emit large quantities of greenhouse gases.
The Climate Change Unit is looking for improving its capacities to support private sector financial institutions including Banks, Investors, and Insurers to understand and mitigate climate risks, seize the commercial opportunities from climate action, and ultimately take all necessary measures to fully align portfolios with the mitigation and adaptation objectives of the Paris Agreement.
For these reasons, the Climate Change Unit of UNEP’s Latin America and the Caribbean Office is looking for a Climate Finance Specialist.
She / he will support the Programme Management Officer in building a climate-finance related project portfolio and initiatives in Latin America and the Caribbean.
The main goal of the assignment is to harness the financial sector in countries of the region to considerably scale up private sector financing for climate mitigation and adaptation projects in line with the Nationally Determined Contributions (NDC) targets.
The incumbent will be supervised by the Programme Management Officer for Climate Finance. The consultant will work Initially Home-based then at UNEP ROLAC, Panama City, Panama, once UNEP ROLAC new offices are open and is expected to work 40 hours per week, from Monday to Friday, full time.
Qualifications / special skills
Academic Qualifications :
Postgraduate : Master’s degree or equivalent in economics, finance, business administration, or related studies is required.
At least five (5) years of proven experience in the financial sector and / or in management consulting to financial institutions is required.
At least three (3) years of proven experience in climate finance is desirable.
Tags banking client relationship management climate change climate finance climate risk development banks financial institutions financial instruments financial stability greenhouse gases Latin America management consulting needs assessment programme management project management SDGs sustainable development sustainable development goals technical cooperation
As the role requires a knowledge of the Climate business area as well as knowledge of financial institutions and their operations, the successful candidate should have a combination of educational qualifications and work experience that address these two needs.
Strategic vision, strong technical and analytical capabilities on climate change finance
Strong project design, project management, sales, and client relationship management skills, including the ability to develop and maintain mutually beneficial stakeholder relationships and ensure timely and appropriate follow-up.
Good knowledge of the financial sector of the region and developed ability to identify and engage relevant stakeholders, both public and private.
Awareness / familiarity with donor and bilateral programs in climate finance
The person is required to be fluent in written and spoken Spanish and English.
Skills : SPECIAL KNOWLEDGE AND SKILLS :
Proficiency in using Microsoft Package (Microsoft Teams, SharePoint, OneDrive, Word, Excel, PowerPoint) collaborative platforms (i.
e., Teams, Google Drive) and virtual meeting platforms (i.e. Webex, Zoom, etc.) is required.
Highly motivated, energetic, team player with excellent interpersonal skills and client service skills
Ability to identify and implement innovative solutions and challenge the status quo to build the business.
Ability to build long-term engagement with clients and credibility by demonstrating knowledge of their business, sector, and culture, and maintain an ongoing dialogue on their business needs, operations, and strategies as well as opportunities for strategically aligned business deals.
Sound business judgment and problem solving, negotiation and commercial skills.
Proven ability to engage with high-level officials from governments, financial institutions, and the private sector.
Superior quantitative skills a plus, oral, and written communication skills with the ability to write for both policy and technical audiences.
Excellent drafting ability and communication skills, both written and oral; proven ability to communicate complex concepts and prepare reports that are clear, concise and meaningful.
Ability to carry out research activities, gather information and effectively transfer into a desired format.
Ability to work independently, with initiative and responsibility, and establish work priorities.
Professionalism : ability to innovate, combining methodological approaches and data from various levels and disciplines including economics, finance, development, and mitigation.
Communication : He / she speaks and writes clearly and effectively; listens to others, interprets others' messages correctly and responds appropriately;
asks questions to clarify and shows interest in having two-way communication; adapts the language, tone, style and format to match the audience;
demonstrates openness to share information and keep people informed.
Teamwork : He / she works in collaboration with colleagues to achieve the objectives of the organization; solicits contributions by genuinely valuing the ideas and experience of others;
is willing to learn from others; shares credit for team achievements and accepts joint responsibility for team deficiencies.
Planning and organization : He / she develops clear objectives that are consistent with the agreed strategies; identifies priority activities and tasks;
adjusts priorities as necessary; allocates the appropriate amount of time and resources to complete the work; foresees risks and allows contingencies when planning;
supervises and adjusts plans and actions as necessary; uses time efficiently.
THE UNITED NATIONS DOES NOT CHARGE A FEE AT ANY STAGE OF THE RECRUITMENT PROCESS (APPLICATION, INTERVIEW MEETING, PROCESSING, OR TRAINING).
THE UNITED NATIONS DOES NOT CONCERN ITSELF WITH INFORMATION ON APPLICANTS’ BANK ACCOUNTS.