Senior Climate Risk Expert

City/Country Location Details Addis Ababa/Ethiopia

Employment Status

Job Type Project EU

Project: Greening Financial Systems Technical Assistance Programme (GFS TA)

The European Investment Bank is the European Union climate bank. The EIB has set ambitious targets to exceed 50% of its lending activity by 2025 supporting climate action and environmental sustainability, with a €1 trillion investment leverage. This investment is aligned with the Paris Agreement and the sustainable finance principles, addressing climate-related financial risks but also harnessing opportunities related to a greener future. EIB also recognises the need to strengthen climate resilience in vulnerable regions across the world, working with financial institutions and regulators. The introduction of climate action in the financial sector is critical in accelerating and building resilience in the deployment of climate investment.

The Greening Financial Systems Technical Assistance Programme (GFS TA) is an EIB flagship initiative focused in supporting regulators and financial intermediaries in creating an enabling environment to catalyse funding and integrating climate risk in the investment process. The GFS TA Programme is structured into two vertical components, offering advisory and tailored support to amplify climate action to central banks, regulators, and financial intermediaries. Component 1 focuses in supporting central banks and financial supervisors in addressing climate risk and green financing. Component 2. Supporting financial institutions in scaling up green financing. A transversal component is aimed at improving green finance capacities, fostering knowledge sharing among FIs, central banks and regulators, as well as raising awareness. The GFS TA Programme is embedded in the EIB investment cycle, providing advisory and lending in ten focus countries in Africa and Eastern Europe.

The GFS TA Programme is funded by the International Climate Initiative (IKI) Fund whose first contributor is the German Federal Ministry of Economic Affairs and Climate Action (“BMWK”). The Programme is implemented by the EIB, in close coordination with the NDC Partnership.

DAI is looking to recruit Senior Climate Risk Expert (Ethiopia sub-assignments) :

Expertise required

General professional experience:

• An understanding of the international landscape of climate risk management , including the development of climate scenarios, stress tests, as well as other climate risk methodologies, approaches and tools, such as Value at Risk (VaR).

• Awareness of initiatives that are relevant to the GFS Programme and the ability to reach representatives of those initiatives in country or at headquarters, for interviews and/or information requests.

• Proven capacities in efficient coordination of complex and simultaneous project activities on climate risk and achieving project's objectives and expected results; ability to provide guidance and oversight to small teams including when such teams are working remotely.

• Understanding of fiscal policy, financial markets, commercial bank operations and key elements of credit analysis , particularly with regard to ESG due diligence, physical and transition climate risks and climate finance.

• Knowledge of the interactions between Central Bank regulations and the operations of financial institutions, especially with respect to reporting and compliance issues that can emerge during periods of regulatory reform. Understanding lending risk enhancement products is an advantage.

• Capacity to provide strategic and executive insight , including the assessment of promising coordination and synergies with other programmes operating in parallel to the GFS TA Programme.

Qualifications and skills required:

• A master’s degree in financial management, business administration, sciences, environmental economics, climate change, economics, econometrics, international relations or other relevant advanced degree.

• Preferably 15 years, at least 10 years of experience in serving the financial and/or environmental sectors , with proven experience in climate, credit and market risk management, development and use of climate risk tools, reporting and standards, as well as environmental, social and governance (ESG) best practices.

Specific professional experience:

• At least one experience working with commercial financial institutions in managing and reporting of climate-related risks.

• Proven experience with institutional and capacity development in the climate change and climate finance sector , including climate risk assessments, standards and reporting.

• Experience in working with one or more of the main climate risk management frameworks (EIB, TCFD, IFRS, etc.), as well as the specific methodologies used by international financial institutions (IFIs).

• Experience working in/with bilateral/multilateral programmes ; including practical knowledge of EU policies and relevant investment stakeholders in the field of climate change/finance.

• Strong presentation, facilitation and report-writing skills.

• Proficiency with basic office applications, including MS Office.

• Ability to work under pressure with tight deadlines, including the ability to integrate feedback from team members and stakeholders

• Language skills: Demonstrated excellent command of spoken and written English .

Deadline for submission of applications & CVs from interested candidates: continuous

If you are interested kindly submit a CV in English, indicating field (s) of expertise and experience.

CV’s considered relevant will be included in the existing pool of experts and pre-selected candidates will be contacted in the course of project implementation as the need arises.

Detailed ToR for implementation of short-term missions will be sent to the short-listed candidates.

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