Senior Credit Risk (Fintech) – Monroe Consulting Group

The Senior Investment Analyst will be responsible for leading and managing all activities of this multiyear GCF Readiness Program. The Senior Investment Analyst will build on and complement the results of the previous two GCF Readiness grants implemented in 2019-2020 (Readiness I) and 2020-2022 (Readiness II). S/he will lead the supervision of the Program operations, implementation, monitoring and evaluation, and provide oversight to the implementation of the Program through coordination and communication with related stakeholders and contribute to enhancing the capacity of the NDA and key GCF stakeholders to access climate finance.

The Senior Investment Analyst will provide high quality advice to the Center for Climate Change Finance and Multilateral Policy under the FPA, which serves as the NDA Secretariat to implement the core functions of the NDA. In addition, s/he will also dedicate time to deliver or co-deliver outputs particularly under Outcome 1, Outcome 3, and Outcome 5 as listed above. The Senior Investment Analyst will report to the Deputy Country Representative of GGGI Indonesia and will work three days per week at the FPA office (GGGI has an office in the NDA). On other days, the s/he will be working from the GGGI Jakarta office. S/he should be willing to travel.

The Sr Investment Analyst will work with green investment officers of GGGI to support GGGI’s Indonesia country program and its national and sub-national partners to identify and help design commercially viable green growth projects , primarily focused on sustainable energy, sustainable landscapes, and related sectors like sustainable transportation, sustainable waste management, and sustainable infrastructure.

INTRODUCTION TO GGGI

The Global Green Growth Institute (GGGI) is a treaty-based international, inter-governmental organization dedicated to supporting and promoting strong, inclusive and sustainable economic growth in developing countries and emerging economies. To learn more please visit about GGGI web page.

PURPOSE

• Strengthen the capacity of nominated GCF Direct Access Entities (DAEs) and existing DAEs to meet and maintain the GCF’s accreditation standards. Enhanced capacity is required to design and write robust GCF project/program concept notes and funding proposals.
• Strengthen the capacity of relevant country stakeholders (include executing entities, civil society organisations, and the private sector) to have adequate capacity, systems, and networks to support the planning, programming, and implementation of GCF-funded activities.
• Support the Ministry of Finance as the NDA to enhance strategic frameworks in addressing policy gaps and enhance enabling environments for GCF programming low-emissions investment.
• Support the Ministry of Finance as the NDA to develop and implement strategies to attract private sector investment for low-emissions and climate-resilient projects.
• Help develop and submit one concept note aligned with Indonesia’s NDC priority sectors and improve two concept notes from DAE pipelines to ensure they fully consistent with the GCF Country Programme and address significant investment as well as market barriers.

ENGAGEMENT

• Facilitate effective coordination, communication, and decision-making between the NDA, GCF, and all related stakeholders to ensure stakeholder cohesion and effective process management.
• Collaborate with National Accredited Entities in developing and writing concept notes, pre-feasibility studies and market assessment(s).
• Engage the private sector to improve the availability of finance for climate change projects and help overcome the dependence on international development partners and government for climate finance. The concept note developed under outcome 5 will demonstrate strong private sector commitment.
• Provide direction and guidance to the Readiness program implementation team.
• Coordinate communication tasks with the NDA on a day-to-day basis.
• Implement Program activities in close cooperation with the NDA.
• Collaborate with other units and divisions at GGGI, especially the GGGI Indonesia Investment team.
• Collaborate with other units and divisions at GGGI in other countries and in Indonesia especially those working on the GCF programs/projects.
• Coordinate with GGGI colleagues in Indonesia and HQ to support and assist in resource mobilization and investment mobilization.

DELIVERY

The candidate is expected to deliver the following:

• Lead the Multiyear Readiness Program and supervise all program activities, in close collaboration with the NDA.
• Manage projects with assured quality and deliver the result in a timely manner
• Collaborate with other projects/programmes in Indonesia related with climate finance to increase effectiveness of the Program and ensure coordination.
• Provide strategic advisory on climate finance and sustainable finance to the NDA specifically and Ministry of Finance.
• Provide technical inputs to the day-to-day operations in NDA
• Deliver monthly report, bi-monthly report, and annual in accordance with the monitoring mechanism set by GGGI and the GCF.
• Ensure the principles of gender equality and social inclusion are effectively reflected in all relevant activities including in programme reports, workplans, and technical advice provided to NDA.
• Lead the team by offering expert guidance, both professionally and technically, and fostering the career development of team membersLead the ongoing GGGI Indonesia country investment mobilization for continuity of Indonesia Investment pipeline (ca. 10% staff time).
• Uphold GGGI’s values.

In his/her role as the Project Manager, he/she will also dedicate time particularly to:

• Make recommendations to the Ministry of Finance particularly to improve PT SMI’s governance and institutional alignment with GCF requirements.
• Provide advice on the selection of NDC priority sectors for GCF funding and investment analysis to Ministry of Finance.
• Provide investment advice and analysis of the investment guidelines and Technology Needs Assessment document to Ministry of Finance to ensure it can be used as a basis to design a concept note that demonstrates a programmatic approach to GCF funding requests.
• Work effectively with Ministry of Finance to promote blended finance as one of Indonesia’s strategies to leverage private investments in climate change projects.
• Provide strategic inputs to the policy recommendations on mechanisms to strengthen Indonesia’s existing blended financing facility and facilitate the stakeholder coordination with the Ministry of Finance.
• Provide investment advice on de-risking instruments to Ministry of Finance.
• Supervise stakeholder consultations and meetings conducted to confirm the selection of de-risking instruments and initiate preparation meetings with business associations.
• Lead a series of discussions within the departments of the Ministry of Finance to finalize recommendations on fiscal and de-risking instruments, to be delivered to the Head of Fiscal Policy Agency.

REQUIREMENTS

QUALIFICATIONS

• Master’s degree relevant to climate action, international finance, and/or environmental policies design.
• Preferably 8 years of experience in country-level work experience, experience with climate finance is highly desirable.
• Recognized leadership in past appointments as a successful advisor or specialist in the climate finance area.
• Proven track record in project management, including planning, reporting and financial management.
• Strong experience in multi-country coordination and consortium management.
• Experience and knowledge of climate finance landscape of Indonesia, international climate finance sources, climate projects development, green growth, and sustainable development.
• Experience in developing bankable projects and financial instruments in NDC sectors.
• Outstanding interpersonal, engagement and consensus-building skills, ability to foster strong relationships with key government agencies, as well as the private sector and understand their needs.
• In-depth familiarity with GCF processes is highly desirable.
• Experience in stakeholder engagement and working with inter-institutional programmes.
• Ability to lead and work effectively with people from diverse cultural and professional backgrounds.
• Excellent English and Indonesian oral and written communication skills, including public speaking.

FUNCTIONAL

• Ability to develop and maintain strong relationships with GGGI partner institutions.
• Experience in policy formulation, capacity building and multi-stakeholder engagement.
• Ability to understand Government policy and strategy formulation and implementation mechanisms at national and sub-national levels within a multi-sectoral and cross-sectoral context in Indonesia.
• Excellent organizational and management skills and demonstrated experience in successfully mainstreaming of safeguards, gender, poverty reduction and social inclusion.
• Demonstrated understanding of principles of green investment and climate financing.
• Ability to manage projects that are supported by international and local consultants.
• Ability to work in an organized, systematic manner, with degree of innovations and decision-making abilities.
• Ability to write concise and clear reports and meeting minutes and to file them effectively and develop and maintain the GGGI database accordingly.
• Ability to perform in demanding atmosphere and self-motivate to produce quality results in timely manner.

CORPORATE

• Understand and actively support GGGI’s mission, vision and values.
• Promote an organizational culture of trust, transparency, respect and partnership.
• Excels at problem solving, asks questions and seeks support when needed, easily shares information and knowledge with others both internally as externally.
• Manage emotions and stress positively, build rapport and resolves conflict easily.
• Strong ability to work independently and/or remotely, while maintaining productivity.

WORKING CONDITIONS

• Sr. Investment Analyst is an X9 grade level in GGGI’s National salary scale. Determination of base salary is subject to candidate’s experience, academic background and internal equity.
• GGGI provides 15% of base salary towards retirement plan/long-term savings, 27 days of annual leave, and private health insurance that covers dental and vision.
• GGGI is committed to providing a work environment that is sufficiently flexible to accommodate diverse life-cycle challenges and assist Staff members to achieve a better balance between work and personal/family commitments, thus ensuring high performance, long-term productivity, and well-being of Staff members.
• The chosen candidate is expected to be based in Jakarta, Indonesia, and will report directly to the Deputy Country Representative of GGGI in Indonesia (also based in Jakarta).
• This is a national position and does not include relocation benefits.

PROJECT BACKGROUND

Currently, GGGI supports the Government of Indonesia (GoI) under the joint GoI-GGGI Green Growth Program (GGP, “the Program”). The Program aims to demonstrate that green investments can become the norm both for investors and planners, ultimately improving the quality of economic development for more environmental sustainability and social inclusion. Through the Program, GGGI collaborates with the Ministry of Development Planning (BAPPENAS), the Coordinating Ministry of Economic Affairs, Ministry of Finance, Ministry of Energy and Mineral Resources, Ministry of Environment and Forestry, PT Sarana Multi Infrastruktur (“PT SMI”) and others.

In September 2022, the Fiscal Policy Agency (FPA), Ministry of Finance, started this 3-year GCF Multiyear Readiness and Preparatory Support Program (“the Readiness Program”) to strengthen their role as the National Designated Authority (NDA) of Indonesia for the Green Climate Fund (GCF). The Readiness program is funded by the GCF. It will help the NDA to enhance national actors’ institutional capacities to build a pipeline of climate change projects and to increase country ownership. The NDA has selected GGGI as the Readiness Delivery Partner to implement this Program on “Enhancing Indonesia’s Access to International Climate Finance and Private Sector Investments for Climate Actions”.

Overall, the Readiness Program aims to mobilize international climate finance and private sector investment to close the financing gap across the NDC priority sectors identified by the Government of Indonesia. It consists of a range of activities with the objective of achieving five readiness outcomes:

• Direct access applicants and DAEs have established the capacity to meet and maintain the GCF accreditation standards, and accredited DAEs have the capacity to develop a pipeline of projects and effectively implement GCF-funded activities;

• Relevant country stakeholders have established adequate capacity, systems and networks to support the planning, programming and implementation of GCF-funded activities;

• Indonesia has developed or enhanced strategic frameworks to address policy gaps, improve sectoral expertise, and enhance enabling environments for GCF programming in low emission investment;

• Strategies for transforming and attracting private sector investment for low emissions and resilience developed and being used; and

An increase in the number of quality project concept notes developed and submitted.

Child protection – GGGI is committed to child protection, irrespective of whether any specific area of work involves direct contact with children. GGGI’s Child Protection Policy is written in accordance with the Convention on the Rights of the Child.