SUSTAINABLE FINANCE OFFICER

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.

GGGI has a diverse portfolio of programs in developing countries around the world. These in-country programs, together with global products and services, focus on delivering results through an integrated approach of evidence-based green growth planning and implementation aligned to countries’ development priorities.

CONTEXT

\"Accelerating Biodiversity Conservation in the Peruvian Amazon: Innovative and Inclusive Financial Mechanisms for a Peru (ABCPA)\" is a 25-month technical assistance program that GGGI is implementing for the Peruvian government in partnership with the Ministry of Environment, Ministry of Economy and Finance, and other pertinent public entities, including the National Park Services, National Forest and Wildlife Service, and Ministry of Women and Vulnerable Populations. The program, which is supported by the Amazon Regional Fund (ARF), an arm of the UK's Partnering for Accelerated Climate Transitions (UK PACT) initiative, which is a part of the UK's International Climate Finance (ICF) portfolio, aims to play a key role in implementing the nation's National Strategy for Biological Diversity (NBSAP), which outlines strategic measures and actions to accelerate the implementation of international environmental finance, biodiversity finance frameworks, and private sector investments in biodiversity projects and initiatives.

The project addresses critical barriers to biodiversity conservation in Peru by establishing the financial and institutional frameworks and conditions necessary for the sustainable management of the country’s biodiversity. Peru's biodiversity is under significant threat due to a lack of cohesive financial mechanisms and frameworks for effective biodiversity conservation. To overcome these challenges, the project aims to strengthen the alignment between Peru’s financial architecture and the country’s biodiversity needs by designing and implementing innovative and inclusive financial mechanisms, such as biodiversity bonds, and habitat banks.

The project adopts a collaborative, government-led approach to establish the enabling conditions needed to overcome barriers to biodiversity conservation. It will do so by raising awareness of the materiality of nature-related financial risks (OU1), developing standardized definitions and metrics for biodiversity conservation and strengthening the integration of nature-based solutions into Peru’s Nationally Determined Contributions (NDCs) (OU2), complemented by GEDSI-responsive implementation strategy (OU3). These foundational actions will pave the way for the development of a National Financing Strategy for Peru’s Biodiversity (OU4), which will outline innovative financing mechanisms and set the stage for the design and piloting Habitat Banks (OU5), and the integration of biodiversity conservation into public debt instruments (OU6). Together, these efforts will establish a cohesive financial structure to support Peru's National Strategy for Biological Diversity (NBSAP), advancing progress toward the 30 by 30 roadmap goals.

Key expected outcomes include increased financial flows toward biodiversity conservation, strengthened institutional frameworks, and a more equitable distribution of social and economic benefits. By 2027, the project will have mobilized USD 500 million toward the sustainable management of 300,000 hectares of forests, providing a sustainable foundation for biodiversity conservation and climate resilience, directly benefiting the livelihoods of 500,000 people and contributing to the mitigation of up to 20 M tCO2e.

POSITION SUMMARY

The Sustainable Finance Officer, who is based in Lima, Peru, will serve as the UK PACT ABCPA project's Sustainable Finance focal point. They will develop and structure sustainable finance mechanisms and instruments to incorporate biodiversity considerations into Peru's public instruments and normative frameworks, which will speed up the mobilization of private investments and international environmental finance.

S/he will report to the UK PACT ABCPA Project Manager of GGGI and work primarily with the Ministry of Environment's General Directorate of Environmental Economics and Finance and General Directorate of Biological Biodiversity, MEF and SERNANP, as well as other key project allies.

PURPOSE

• Accelerate the integration of nature-related financial risks, and innovative financial mechanisms through both design and implementation of tailored capacity-building programs among regulators, financial institutions, and real economy actors.

• Assist public sector actors formulate recommendations to strengthen public green financing frameworks (e.g. NBSAP, Green National Taxonomy, NDCs) and public green financial instruments (e.g. thematic bonds and debt swap), incorporating local and international biodiversity finance criteria.

• Assist in the implementation of the Habitat Bank pilot adapted to Peru's environmental and economic context that will integrate the environmental offset requirements of critical economic sectors considering the sustainable finance framework -compliant with local regulations- and the development of a plan for establishing a compensation market.

• Support the integration of GEDSI approach into Peru’s public green financing frameworks.

• Deliver on-demand technical assistance -mainly- to MINAM's General Directorate of Environmental Economics and Finance and the General Directorate of Biological Biodiversity, to other public entities -such as the MEF and SERNANP- and other key project allies related to sustainable and biodiversity financing.

  ENGAGEMENT

  • Report to the UK PACT ABCPA Program Manager and Andean Representative.

  • Build and maintain strong relationships with -principally- MINAM, MEF, SERNANP, other relevant public actors and key project allies such as project developers, expert consultants, financial institutions and multilateral partners and government officials and international funds, including the UK PACT.

  • Identify and engage with potential donors for biodiversity-related projects in the Andean Region.

  • Support activities prioritized by the UK PACT ABCPA Project Manager and Andean Region Representative developed with key project actors including coordination and preparation of meetings and reports.

    DELIVERY

    • Support in the development and delivery of nature-related financial risks, biodiversity finance criteria and innovative financial mechanisms capacity building material and reports.

    • Develop recommendations for MINAM, MEF, SERNANP, other relevant public actors and key project allies to integrate biodiversity finance criteria into green finance regulatory frameworks and green finance instruments.

    • Support the development of diagnostics to aid in the formulation of policy recommendations by assisting MINAM, MEF, important project partners, and pertinent public stakeholders in identifying obstacles, gaps, and Nature-based-Solutions (NbS).

    • Organize and deliver workshops to present and validate project products and activities.

    • Originate, validate and develop a Case Study focused on integrating biodiversity criteria in Green National Taxonomy that addresses the UK PACT criteria.

    • Assist MEF and MINAM with the drafting of reports related to the post-transaction and resource allocation process, as well as the updating of the Sovereign Sustainability Bond Framework.

      REQUIREMENTS

      QUALIFICATIONS

      • Must be a Peruvian citizen, or holding a valid Work Visa.

      • Bachelor’s degree in Public Administration, Finance, Economics, Biology or other related fields.

        📚 𝗗𝗶𝘀𝗰𝗼𝘃𝗲𝗿 𝗛𝗼𝘄 𝘁𝗼 𝗚𝗲𝘁 𝗮 𝗝𝗼𝗯 𝗶𝗻 𝘁𝗵𝗲 𝗨𝗡 𝗶𝗻 𝟮𝟬𝟮𝟯! 🌍🤝 𝗥𝗲𝗮𝗱 𝗼𝘂𝗿 𝗡𝗘𝗪 𝗥𝗲𝗰𝗿𝘂𝗶𝘁𝗺𝗲𝗻𝘁 𝗚𝘂𝗶𝗱𝗲 𝘁𝗼 𝘁𝗵𝗲 𝗨𝗡 𝟮𝟬𝟮𝟯 𝘄𝗶𝘁𝗵 𝘁𝗲𝘀𝘁 𝘀𝗮𝗺𝗽𝗹𝗲𝘀 𝗳𝗼𝗿 𝗨𝗡𝗛𝗖𝗥, 𝗪𝗙𝗣, 𝗨𝗡𝗜𝗖𝗘𝗙, 𝗨𝗡𝗗𝗦𝗦, 𝗨𝗡𝗙𝗣𝗔, 𝗜𝗢𝗠 𝗮𝗻𝗱 𝗼𝘁𝗵𝗲𝗿𝘀! 🌐

        ⚠️ 𝐂𝐡𝐚𝐧𝐠𝐞 𝐘𝐨𝐮𝐫 𝐋𝐢𝐟𝐞 𝐍𝐨𝐰: 𝐏𝐨𝐰𝐞𝐫𝐟𝐮𝐥 𝐓𝐞𝐜𝐡𝐧𝐢𝐪𝐮𝐞𝐬 𝐡𝐨𝐰 𝐭𝐨 𝐠𝐞𝐭 𝐚 𝐣𝐨𝐛 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐍𝐚𝐭𝐢𝐨𝐧𝐬 𝐍𝐎𝐖!

      • Preferably an advanced degree in Finance, Public Administration, Economics, Sustainable Development, Biodiversity or another relevant field

      • Preferable 6-8 years of professional experience in sustainable finance, including green financial instruments (loans, bonds, funds, debt swap, etc.) and environmental economic tools (NbS, payment for ecosystem services, etc.).

      • Demonstrated ability to formulate recommendations and reports aligned with requirements of various key project allies and public sector actors.

      • Knowledge in adhering to internationally agreed environmental safeguards (ESS) and gender-sensitive design requirements.

      • Ability to interact and form relationships with high-level government officials and partners

      • Written and oral skills in English and Spanish is required.

        FUNCTIONAL

        • Strong ability to work independently and/or remotely, while maintaining productivity

        • Proficient communication skills,

        • Promote diversity and inclusion.

        • Leadership, teamwork and creative problem-solving abilities.

        • Ability to develop and maintain working relations with financial sector stakeholders.

        • Committed to learning about the growing field of sustainable finance.

        • Excellent ability to multi-task and prioritize under stressful circumstances.

        • Ability to interact and form relationships with high-level government officials and partners.

        • Excels at problem solving, ask questions and seeks support when needed, shares easily knowledge with others both internally as externally.

          CORPORATE

          • Understand and actively support GGGI’s mission, vision and values.

          • Promote the optimum use of public resources.

          • Promote an organizational culture of trust, transparency, respect and partnership.

          • Process and share information easily.

          • Manage emotions and stress positively, builds rapport and resolves conflict easily.

          • Promote creativity and innovation among staff.

          • Be able to lead where needed and provide solutions to project-level challenge.

            WORKING CONDITIONS

            The Sustainable Finance Officer is an X8 grade level in GGGI’s Peru national salary scale. The salary range for the position starts at USD 54,891 per annum, depending on qualifications, experience 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 in achieving a better balance between work and personal/family commitments, thus ensuring high performance, long-term productivity, and well-being.

            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.