Portfolio Management - Funded Activities Intern

Tags: internship climate change finance English Spanish language
  • Added Date: Tuesday, 12 December 2023
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Duration: 6 months

Starting date: 08 July 2024

Location: Songdo, Incheon City, Republic of Korea

Remuneration: US$ 1,300/month

Introduction
The mission of the Green Climate Fund is to assist developing countries to respond to climate change while bringing prosperity to their people. Established in 2010, the GCF invests in transformational climate projects in the developing world. The Fund makes an ambitious contribution to global climate action and channels significant financial resources into developing countries to help build low-emission and climate-resilient societies. It is country-driven and undertakes actions that reflect the circumstances of each country concerned and its national aspirations. The GCF is a key enabler of the 2015 Paris Agreement on Climate Change. Since its establishment, the GCF has approved 243 projects in 129 countries and has committed USD 13.5 billion in climate finance. In addition, it has built up an extensive program to support developing countries to identify their needs, in particular, those who are most vulnerable to climate change impacts. The GCFโ€™s diverse workforce is advancing its mission from its headquarters in South Korea. Our talented staff makes unique contributions to the Fund, enriching the institution through their combined expertise and professional commitment.

Background

The Green Climate Fund (the Fund) is a multilateral fund created to make a significant and ambitious contribution to the global efforts towards attaining the goals set by the international community to combat climate change.

The Fund will contribute to the achievement of the ultimate objective of the United Nations Framework Convention on Climate Change (UNFCCC). In the context of sustainable development, the Fund will promote the paradigm shift towards low-emission and climate-resilient development pathways by providing support to developing countries to limit or reduce their greenhouse gas emissions and to adapt to the impacts of climate change, taking into account the needs of those developing countries particularly vulnerable to the adverse effects of climate change.

The Fund is governed by a Board, composed of an equal number of members from developed and developing countries. The Fund is operated by an independent Secretariat headed by an Executive Director. The Fund will pursue a country-driven approach in its operations.

In the Division of Portfolio Management (DPM) the intern will have the opportunity to contribute to the work of the Portfolio Implementation Monitoring and Management Funded Activities (PIMM FA) workstream. The PIMM ensures efficient and effective implementation of approved GCF projects/programmes by directly liaising with Accredited Entities (AEs).

The Fundโ€™s intern will be based at the Fundโ€™s headquarters in Songdo, Incheon City, Republic of Korea.

Internship Assignment

The intern will provide support to the portfolio performance management functions of the DPM including operational and administrative support for the PIMM FA workstream. S/he will have the opportunity to learn and expand her/his experiences by providing support to โ€‹the improvement of portfolio performance tracking and management.โ€‹ Specifically, under the overall guidance of the Portfolio Management Lead, the intern is expected to support to the PIMM FA work stream to ensure efficient and effective implementation of approved Funded Activities in the Portfolio in the following ways, among others:

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