Description

Do you want to build a career that
is truly worthwhile? If so, a role leading the $11.4bn Climate Investment
Funds (CIF) may be for you. Since its inception, the CIF has been  a trailblazer in climate finance, achieving
significant results to date. The CIF
has a project portfolio of over 420 global climate projects, providing clean
energy to over 9 million people worldwide, supporting over 6 million green
jobs, and placing over 44 million hectares of land under sustainable
management. The sense of scale and impact is also seen in one of the CIF’s
flagship projects – the world’s largest solar park in India which provides
nearly 2 million homes with clean energy and has created over 25,000 new
jobs.

The CIF is hosted by the World Bank Group
(WBG) and is a partnership between six multilateral development banks (MDBs), contributor and recipient
countries and others.

The World Bank Group (WBG) is
one of the largest sources of funding and knowledge for developing countries,
a unique global partnership of five institutions dedicated to ending extreme
poverty and promoting shared prosperity. With 189 member countries and more
than 120 offices worldwide, WBG works with public and private sector
partners, investing in groundbreaking projects and using data, research, and
technology to develop solutions to the most urgent global challenges. For
more information, visit http://www.worldbank.org.

The Climate Investment Funds
(CIF) – comprised of the Clean Technology Fund (CTF) and the Strategic
Climate Fund (SCF) – is one of the world’s largest multilateral funds, use
climate financing to help low and middle-income countries accelerate
low-carbon, climate-resilient development. CIF supports an inclusive and just
climate-smart future, focusing on diverse partnerships that de-risk green
markets and unlock additional investments and financing.

Fifteen contributor countries have pledged over US$11 billion to the funds. To date, CIF committed capital has mobilized more than $64 billion in additional financing in seventy-two recipient countries. Since its start, CIF has worked in the areas of clean technologies, energy access, climate resilience, and sustainable forests. And now, after identifying the next frontier of climate challenges, CIF is investing in five new areas: the transition from coal, climate-smart cities, nature-based solutions, industry decarbonization, and renewable energy integration.

The CIF’s success is premised on a
solid partnership with national governments, citizen groups and communities,
private sector sponsors, and the six multilateral development banks that
serve as the CIF’s co-financiers and implementing agencies (African
Development Bank (AfDB), Asian Development Bank (ADB), European Bank for
Reconstruction and Development (EBRD), Inter-American Development Bank (IDB),
the International Financial Corporation (IFC) and the World Bank). 

The CIF is governed by the Trust
Fund Committees of the CTF and the SCF which are comprised of representatives
of contributor and recipient countries, a senior representative of the World
Bank, and a representative of the MDBs. The SCF has a number of distinct subcommittees for various SCF
programs. An MDB Committee, comprised
of representatives of the six MDBs that serve as the CIF’s implementing
entities, facilitates collaboration, coordination and information exchange
amongst the MDBs. These Committees and sub-Committees, together with the
World Bank as Trustee and the CIF Secretariat, make up the current CIF
governance structure.  In addition, the
World Bank is expected to serve as Treasury Manager of the CIF capital market
mechanism currently under development.

The CIF Secretariat is at the center
of the CIF governance structure.  It is,
hosted by the World Bank based in Washington, DC, under the Sustainable
Development Vice Presidency, Sustainable Development Practice Group (SDPG),
and currently consists of thirty-five employees hired under appointment of the
World Bank. The Secretariat facilitates the overall coordination of CIF work
between the Trust Fund Committees and Sub-Committees, the MDBs, and the World
Bank as Trustee and host of the Secretariat, and other relevant
stakeholders.  It will also facilitate
coordination with the Treasury Manager of CIF capital market mechanisms or
other financial innovations. It supports the work of the governing bodies
(the Trust Fund Committees and Subcommittees) and the work of the MDBs on strategy
and policy development as well as reporting. The Secretariat also supports
CIF internal and external
institutional relations, as well as strategic partnerships and program
development. It delivers a large
program of thought leadership, knowledge, and learning work, and is
responsible for portfolio risk management and new private sector capital
mobilization modalities and initiatives.

The Sustainable Development Practice
Group (SDPG) helps countries tackle their most complex challenges in the
areas of Agriculture and Food, Climate Change, Environment, Natural
Resources, and Blue Economy, Social Sustainability and Inclusion, Urban,
Resilience, and Land, and Water. SDPG’s key functions include developing
strategies to mainstream climate change across the WBG.

Duties
and Accountabilities:

The CIF Chief Executive
Officer (CEO) will provide strategic thought leadership on innovative climate
finance and manage the Secretariat’s work program, staff and budget. They
will report directly to the Vice President of the Sustainable Development
Practice Group (SDPG). They will also be accountable to the CIF Trust Fund Committees
(TFCs) for the achievement of the CIF objectives.

The essential qualifications for the
candidate are deep expertise, knowledge and experience in climate finance and
an understanding of capital markets, ability to provide strategic leadership,
strong management skills in people, processes, and financial resources, and strong
 communications skills, including
demonstrated ability to communicate with a wide range of stakeholders, strong
diplomatic and relationship management skills (including the ability to
facilitate consensus decisions).  

Specific
responsibilities of the CEO include:

Strategic
Leadership

Lead the development of CIF’s strategic initiatives in partnership with the MDB Committee and following direction from the CIF Trust Fund Committees (TFCs).
Seek to build consensus and intermediate among CIF stakeholders with diverse views and incentives, including the MDBs.
Advise and make recommendations to the TFCs, at the TFCs discretion and request, on any matters of concern raised by CIF stakeholders with the TFCs.
Develop and make recommendations to the TFCs on CIF investment programs, in partnership with the MDB Committee.
Ensure that decisions of the TFCs are implemented in a timely manner.
Exercise thought leadership on innovative climate solutions for developing countries.

Management of the
CIF Work Program
Lead the overall coordination of the CIF work program between the TFCs, the MDBs , the Trustee, the Treasury Manager for the CIF Capital Market Mechanism or other CIF financial innovation, and other relevant stakeholders.
Ensure Secretariat supports the sharing and exchange of all information between the TFCs, the MDBs, the Treasury Manager, and the Trustee necessary for them to carry out their respective responsibilities.

Lead preparations for regular and extraordinary
meetings of the TFCs  and
Sub-Committees, including preparation of policy and strategic documents
and reporting to allow the TFCs and Sub-Committees to exercise their
oversight responsibilities.

Ensure that comprehensive and
accessible records and reporting on the implementation of the TFCs’
decisions are maintained.
Lead Secretariat’s support of formal
MDB Committee meetings and of related follow-up actions.

CIF Representation
and Partnerships
Manage CIF’s external relationships and partnerships including promoting the CIF’s profile in the climate finance ecosystem for maximum impact, engagement with external stakeholders and the media, and convening external stakeholders in strategic dialogue on climate action key priorities.
Build and maintain strong working relationships with the TFC and TFC Co-Chairs and all CIF countries, observers, and other stakeholders.
Lead the Secretariat in building and
maintaining a close partnership with the MDBs (both the public and private
sector arms of the MDBs).

Communications
and Knowledge
Ensure generation of strategic insights from across CIF’s portfolio to inform decisions and strategies on priority topics for the CIF as well as climate finance community learning.
Ensure the Secretariat maintains a comprehensive database of CIF’s activities, knowledge management system, results measurement systems and learning program.
Ensure collaboration and communication among the MDBs to inform them of progress achieved within the CIF and issues requiring action at a senior level.
Ensure the implementation of the CIF communication strategy and knowledge and learning program.
Proactively share learning and support discussions and action that promote coherence and complementarity with the Green Climate Fund (GCF), the Global Environment Facility (GEF), the Adaptation Fund (AF) and other relevant institutions.

Fundraising
Lead the CIF Secretariat’s activities as a primary fundraiser with
existing and potential contributors.
Lead development of overall CIF fundraising strategy and annual
CIF fundraising plans in consultation with key CIF stakeholders.
Lead collaboration with the MDBs on agreed upon collective
fundraising efforts.
Lead consultation with the TFCs and coordination with the  Trustee on agreed upon collective
fundraising efforts and the exploration of alternative financing
mechanisms.
Lead the pursuit of innovative approaches to mobilizing private
sector investment in climate change mitigation and adaptation, and
relations with the TFC, and coordination with the Trustee, concerning
such approaches.
Human Resources
Management
Lead the development of the annual strategic workforce plan for the Secretariat including identification of skill gaps.
Set goals for staff that are aligned with the strategic direction of the Secretariat, agree on measurable performance indicators, ensure constructive feedback is given to staff, and motivate them to achieve the agreed goals.
Oversee recruitment and training of new staff, including selection of a Deputy CEO.
Lead the performance assessment of Secretariat staff and their talent and professional development.
Budget and Administration
Manage the budget of the CIF Secretariat
and coordinate the preparation of the annual CIF Secretariat budget and
business plan.
Collaborate with the Trustee on the
financial management of the CIF trust funds.
Ensure compliance with the applicable World
Bank Group Policies and Procedures, including those related to staff, budget,
and communications management.

Selection Criteria

At least a master’s degree or
equivalent in environment/natural resources, business, economics,
international relations, public affairs, climate, finance, or other
related fields, and at least 15 years of relevant professional
experience.

Strong work experience in the field of
climate change mitigation and adaptation, and its relationship to development.

Deep expertise, knowledge and
experience in climate finance and an understanding of capital markets;

Strong management skills in people, processes,
and financial resources.

 Demonstrated ability and political
judgment to work at a strategic, political level to advance
institutional goals and ability to manage situations with diverse
stakeholders diplomatically including dealing sensitively in
multicultural environments and building effective working relations with
clients and colleagues.

Demonstrated ability to lead
consensus-based decision-making and conflict-resolution processes across
divergent interest groups. Experience in leading a network of
institutions would be highly desirable.

Demonstrated relationship management
skills and experience in handling effective relations with a wide range
of stakeholders at a senior level (Governments, international
organizations, multilateral and bilateral development agencies,
developing country partners, NGOs, Indigenous groups, private sector,
and scientific communities).

Sound knowledge of the broad policies
and general operational processes of Multilateral Development Banks.

Excellent oral and written
communication skills, demonstrated ability to communicate with a wide
range of stakeholders, and at global events, strong command of English.
Additional languages are desirable.

Experience in two world regions, or one
world region and a global/corporate role is an asset, but not a requirement.

Note: This position is a 4-year term
appointment, renewable once up to four years. If the selected candidate is a
current World Bank Group Staff Member with a Regular or Open-Ended appointment,
they will retain their Regular or Open-Ended appointment. If the selected
candidate is a current World Bank Group Staff Member with a Term appointment
that expires later than the end date of this appointment, they will retain the
duration of their current Term appointment.

World Bank Group Core Competencies

The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.

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.