Director of Financial Control

Grade: IS-8
Deadline: 15 December 2024 (11:59 PM KST)
Job Category: International
Salary: starts at USD 230,900 (plus attractive benefits, that include the following allowances (as applicable)): Relocation, dependency, housing, education assistance and home country travel.

Introduction
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 286 projects across 133 countries, with a total commitment of USD 15.9 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. 

You will be a nurturer of people: recognizing and growing the talent around you, exemplifying values of transparency, respect and innovation.

You will be committed to learning, knowledge-sharing, convening and communicating with partners to work together to ideate, develop and implement climate action initiatives that make a profound difference to people and planet.

You will join a team of talented, committed individuals representing almost 80 nationalities contributing skills and experience from academic, scientific, private, government and nonprofit backgrounds. Together, we work with governments, communities and civil society, technical agencies, and the private sector across the world.

Interested in more information? 
Learn about working for GCF: https://www.greenclimate.fund/about/careers 
View current vacancies: https://jobs.greenclimate.fund/

About the Green Climate Fund (GCF)
Set up in 2010 by the 194 countries who are Parties to the United Nations Framework Convention on Climate Change (UNFCCC), GCF takes its responsibility as the world’s largest dedicated multilateral climate fund to heart.  GCF funds transformative climate projects across the developing world, supporting countries in their responses and actions to tackle climate change while fostering sustainable development within their communities. 

Our country-driven approach ensures that our actions are tailored to the unique circumstances and national aspirations of each nation we support. Besides channeling public and private sector investment through a broad range of financing instruments, GCF builds the capacity of developing countries to take climate action through an extensive Readiness Programme ensuring countries are increasingly well-equipped and financed to manage their climate futures.

Headquartered in the Republic of Korea, GCF operates with a diverse and talented workforce of over 300 people.

Position Objective
The Director of Financial Control will be responsible for leading the overall financial control framework, ensuring robust financial oversight and corporate compliance across entities ensuring the integrity and accuracy of financial statements across the Fund. S/he will work closely with the CFRO to provide key insights, manage financial and management reporting, and implement effective controls for payments and financial operations.

Purpose 

• Develop, lead and integrate financial reporting and control frameworks across multiple entities, aligned with international best practices that strengthen governance, compliance, and accountability at an organisation level.
• Develop and implement cross-functional initiatives that drive efficiency, cost optimization and accountability in financial management.
• Implement and monitor internal controls to safeguard the Fund’s assets and ensure compliance with Fund’s requirements.
• Develop and maintain institutional accounting policies, ensuring consistent application across all functions and entities.
• Lead and mentor a team of financial professionals, fostering a culture of high performance and continuous improvement.

Engagement

• Work closely with the Office of the Chief Investment Officer, Regional Departments and Private Sector Facility (which are responsible for all stages of programming of public and private sector operations) to ensure proper accounting treatment for transactions related to investments .
• Effectively partner with the executive leadership team, management, external auditors, tax advisors, other financial institutions and regulatory bodies to anticipate risks, ensure compliance, and elevate transparency in financial operations and reporting.
• Establish and lead a governance framework with the executive leadership team that focuses and strengthens proactive risk management and compliance through provision of advise on strategic financial decisions.

Delivery

• Establish corporate financial reporting standards and lead initiatives to enhance data integrity, alignment with strategic objectives, and stakeholder confidence in reporting across entities.
• Ensure timely and accurate preparation of monthly, quarterly, and annual financial statements in accordance with IFRS and other applicable accounting standards.
• Manage the budgeting, forecasting, and financial planning processes, ensuring alignment with GCF strategies and the 50by30 vision.
• Monitor and improve financial processes, systems, and reporting tools to enhance efficiency and data accuracy.

Requirements (Education, experience, technical competencies required of the job)

• Master’s degree in accounting, finance, or a related field. CA, CPA, or equivalent qualification is required. Bachelor’s degree in a relevant field with additional 2 years of relevant experience may be accepted in lieu of the Master’s degree requirement.
• At least 15 years of relevant experience in financial reporting, audit, or controlling, with at least 5 years in a senior leadership role. Relevant experience across all aspects of financial and management reporting will be preferred.
• Strong knowledge of IFRS, consolidation, and complex group structures.
• Experience within the asset management or banking industry is highly desirable.
• Proven ability to manage audits and work with external advisors and auditors.
• Excellent leadership skills with a demonstrated ability to manage and develop diverse teams.
• High proficiency in financial reporting software and systems.
• Exceptional analytical skills with a strong attention to details.
• Familiarity with international development, multilateral development banks and/or the UN system would be an advantage.

Competencies 

• Inspires and guides the department with a compelling vision for the future, aligning strategies and actions with a shared sense of purpose;
• Possesses exceptional communication skills and the ability to persuasively convey ideas, gaining buy-in and inspiring action from others, particularly the ability to present financial information to senior management and stakeholders;
• Able to develop effective partnerships and engage effectively with various stakeholders, including financial institutions, auditors, and other relevant organizations;
• Demonstrates a creative and forward-thinking mindset, consistently generating new ideas and solutions to address challenges and capitalize on opportunities;
• Leads and develops high-performing teams, fostering a culture of collaboration, innovation, and professional growth;
• Inspires and motivates others to achieve their best by fostering a positive and supportive work environment, recognizing, and celebrating achievements;
• Maintains high ethical standards ensuring fairness, respect, and integrity.
• Excellent written and oral communication skills in English are essential for this position; knowledge of another UN language would be an advantage.
   

The closing date for applications is 15 December 2024. Applications submitted after the deadline may not be considered.

The recruitment is managed by an external search firm. The person assessed by the Selection Panel as most suitable for the position will be proposed for appointment. Selection among short-listed candidates will also take into account performance at interview, appropriate testing, and references.

Applications from women and nationals of developing countries are strongly encouraged to apply.