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E T Consultant

Job #: req20687
Organization: IFC
Sector: Climate Change
Grade: EC2
Term Duration: 1 year 0 months
Recruitment Type: Local Recruitment
Location: Washington, DC,United States
Required Language(s): English
Preferred Language(s):
Closing Date: 2/6/2023 (MM/DD/YYYY) at 11:59pm UTC

Description

IFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2022, IFC committed a record $32.8 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit www.ifc.org.

IFC helped our clients tap into such development opportunities and working with a host of partners to catalyze finance, especially, for climate action, is at the core of IFC’s business. As a result, in fiscal year 2021, IFC delivered 32% in own-account climate finance and mobilized $3.7 billion for climate.

More recently, in April 2021, the WBG developed a new Climate Change Action Plan (2021 – 2025) that outlines the institutions collective response to align financial flows with the goals of the Paris Agreement (referred to as “Paris Alignment”). The Agreement explains the need to hold the increase in the global average temperature to well below 2°C above pre-industrial levels and pursue efforts to limit the temperature increase to 1.5°C above pre-industrial levels. Per the Action Plan, IFC has committed to align 85% of new operations with the goals of Paris Agreement by July 1, 2023 and 100% of these by July 1, 2025.

CBD has a vacancy for an Extended Term Consultant (ETC) in the Climate Finance & Policy Team (CBDFPT). CBDFPT supports action leadership on topics such as carbon pricing, climate risk, and impact measurement, as well as upstream climate business-related markets development to mobilize more private capital. The ETC will support delivery on IFC’s Paris Alignment commitment, focusing on mitigation, as well as help achieve other department priorities as needed. The position will be based in Washington, DC and the officer will report to the Manager of the Unit and the unit’s Senior Industry Specialist.

Roles & Responsibilities:

The primary responsibilities and overall profile required for this position are as given below.

The hiring unit will be CBDFPT, and the selected candidate will report to the unit’s manager. The candidate will support the implementation of IFC’s climate initiatives, including:

• Support to IFC’s investment teams in the implementation of Paris Alignment commitments, including screening projects for alignment with mitigation criteria
• Research background analytical information that supports the implementation of IFC’s programs
• Support in the process of formulation of country sector strategies as these relate to climate change
• Participation in the reviews of climate related methodologies and policies
• Support development and regular update of sector-related guidance notes, taking account of the latest IFC Climate Definitions and Paris Alignment criteria.
• Support development of sustainable finance instruments including green bonds, green loans and sustainability-linked loans and bonds.
• Assist with climate finance tracking and reporting to internal and external stakeholders
• Develop material for roll out and trainings as needed, including slides, briefs, webinars etc. 

Selection Criteria

• A master’s degree in either Business Administration, Economics, Environmental Economics, Finance, Engineering, or related field. 
• Demonstrated technical skills in climate mitigation, carbon accounting, sectoral decarbonization, or similar area. 
• Minimum of 5 years of full-time relevant professional experience in the field of climate change, mitigation, decarbonization, GHG accounting, or related field.  
• Proven understanding of key climate change policy and market issues and their latest developments
• Demonstrated research and analytical skills; advanced proficiency in Excel, PowerPoint, Word; good report writing capabilities and ability to comprehend and analyze large amounts of data/information 
• Team player with strong interpersonal skills, ability to interact effectively with clients and colleagues from various cultural backgrounds 
• Excellent written and verbal/presentation communication skills in English. Fluency in other languages a plus
• Experience in green bonds and other sustainable finance instruments is a strong plus.
• Flexibility to perform a variety of tasks and expand the scope of work and responsibilities.

World Bank Group Core Competencies

We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.

Learn more about working at the World Bank and IFC, including our values and inspiring stories. 

Note: The selected candidate will be offered a one-year appointment, renewable for an additional one year, at the discretion of the World Bank Group, and subject to a lifetime maximum ET Appointment of two years. If an ET appointment ends before a full year, it is considered as a full year toward the lifetime maximum. Former and current ET staff who have completed all or any portion of their second-year ET appointment are not eligible for future ET appointments.