Practice Manager: Finance Mobilization for The - Washington, United States - IFC Systems Corporation

IFC Systems Corporation

Verified Company

Washington, United States

1 week ago

Posted by:

Mark Lane

beBee recruiter

Description

Practice Manager:
Finance Mobilization for the Climate Change Group

Job #:

- req27424
Organization:

World Bank
Sector:
Climate Change
Grade:
GH
Term Duration:
4 years 0 months
Recruitment Type:
International Recruitment
Location:
Washington, DC,United States
Required Language(s):
English
Preferred Language(s):

Closing Date:

5/22/2024 (MM/DD/YYYY) at 11:59pm UTC
Description

Planet Practice Group and the Climate Change Group

The Planet Practice Group helps countries address their most complex challenges in the areas of Agriculture and Food; Climate Change; Environment; Natural Resources & Blue Economy; Social Sustainability and Inclusion; and Water.

The Climate Change Group (CCG) is part of the Planet PG and has as key function to support the mainstreaming of climate change across the WBG, in client countries, and with development partners.

CCG works across the Bank with Global Practices and Regional Operations to ensure climate considerations are integrated in analytical work, sector and country strategies, development planning and operations.

In this manner, CCG enabling the Bank to meet the targets outlined in its Climate Change Action Plan (CCAP , and other Corporate Commitments, including those of the new corporate scorecard and the Global Challenges Programs, as well the World Bank Engagement Roadmap for Carbon Markets.

CCG supports the Bank and clients mobilize public and private finance, provides technical assistance and operational support, undertakes analytical work and utilizes its convening power to help countries in their transition to low-carbon, climate-resilient development pathways.

The Climate Finance Mobilization Unit:

Within the CCG, the Climate Finance Mobilization Unit (SCCFM) supports countries to access and leverage effective, inclusive and innovative climate financing solutions integrated with World Bank operations.

The primary focus of SCCFM is in the development of policies, technical approaches, and instruments for mainstreaming results-based climate finance and Emissions Reductions Programs in WBG investment operations through the Bank's regions and global practices.

The unit also mobilizes climate finance through long-standing carbon trust funds that deliver innovative, scalable climate action. It supports analytical work and builds partnerships.

The unit serves as a "one-stop" shop for the delivery of the Bank's carbon funds, including: the Forest Carbon Partnership Facility (FCPF), Bio Carbon Fund Initiative for Sustainable Forest Landscapes (BioCF ISFL), Transformative Carbon Asset Facility (TCAF), Carbon Partnership Facility (CPF), and Carbon Initiative for Development (Ci-Dev).

It oversees implementation of these programs by the WB; financial and trust fund reporting; asset management; donor relations; mobilization of other sources of finance and manages the overall Umbrella TF issues (SEFF, FINs etc).

A new Umbrella Trust Fund has been established recently to cover all result-based carbon/climate finance, Scaling Climate Action by Lowering Emissions and its associated trust fund EnABLE - Enhancing Access to Benefits while Lowering Emissions.

SCCFM is developing innovative ways to capitalize this facility. In addition to traditional donors, it will target philanthropies and the private sector.

Finally, a Bank-wide working group is exploring innovative financing mechanisms, geared towards crowding in private finance to carbon crediting and results-based finance.

SCCFM plays a critical role in shaping and ground-truthing new approaches to mobilizing finance in this area.

Duties and Accountabilities

CCG is hiring a Practice Manager (PM) for SCCFM, who will manage about 35 staff and report to the Climate Change Global Director.

The PM will be part of a cohesive CCG department, including four technical units and a small Front Office team.

The PM will also be a member of a collaborative CCG Management Team, the CCG Leadership team and the Climate Change Talent Board.

The Practice Manager will be responsible for:

Managing the unit staff, setting with each staff member their annual objectives, providing performance feedback throughout the year, and supporting staff in their career development.
Collectively setting the unit strategy, as part of the broader oneCCG approach, and leading the broadbased team to support delivery, innovation and integration of Results-Based Climate Finance in WBG operations.
Ensuring the delivery of commitments across the carbon funds, with emphasis on high environmental and social integrity of results. The PM is expected to consolidate and increase the efficiency in the management of these trust funds.
Developing and providing technical assistance on new methodologies, MRV approaches, approaches to results measurement for mitigation, resilience and adaptation, and other necessary elements relevant for resultsbased financing further mainstreaming