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.

CONTEXT

GGGI and the Bank of Papua New Guinea (BPNG) have recognized the importance of enhancing access to credit for individuals and organizations involved in inclusive and environmentally friendly growth endeavors. To address the lack of a standardized framework for identifying environmentally sustainable activities, BPNG, in collaboration with the Centre for Excellence in Financial Inclusion (CEFI), GGGI, and the New Zealand Ministry of Foreign Affairs and Trade (MFAT), has taken the initiative to develop an Integrated Green Finance Policy (IGFP) specifically tailored to the Papua New Guinea (PNG) context.

The primary objective of the IGFP is to define the concept of green finance within the PNG context, providing clear guidance to government agencies, financial institutions, and private sector entities regarding environmentally responsible initiatives. By establishing a dedicated Green Finance Centre (GFC from now on), this joint effort aims to implement the IGFP effectively and bring about a fundamental transformation of PNG’s financial sector. The envisioned outcome is a financial system that is not only sustainable and resilient but also inclusive, encompassing the diverse needs of the nation.

PURPOSE

The Head of the GFC will lead the development and promotion of this initiative. The Head of GFC will undertake preparatory activities for the successful establishment of the GFC, among other activities, such as:

• Provide visionary leadership and strategic direction for the establishment and promotion of the Green Finance Centre (GFC).
• Drive preparatory activities for the successful establishment of the GFC, including developing governing documents, staffing, and creating effective communication platforms.
• Advocate for the value and impact of partnerships with key stakeholders such as the Bank of Papua New Guinea (BPNG), Centre for Excellence in Financial Inclusion (CEFI), in driving inclusive and sustainable financial initiatives with GGGI.

• Provide insight to guide the establishment of the GFC organization which will enable the GFC to govern itself internally, create roles and functions, and mobilize its own resources.

ENGAGEMENT

• Build an active internal and external partnership portfolio of GFC supported by strong network building, data aggregation, communication and outreach platforms;
• Secure client and partner support for GFC activities, highlighting the uniqueness of its approach which distinguishes the GFC as a target partner in addressing inclusive green financing in Papua New Guinea and the Pacific;
• Negotiate agreements with external stakeholders to ensure alignment of international best practice on financial inclusion, inclusive green finance, climate finance and stakeholder capacities;
• Promote the dissemination of research and knowledge on inclusive green finance, climate finance, financial inclusion and GFC in PNG, at the local, regional and international level.
• Build a strong network of internal and external partnerships, leveraging data aggregation, communication tools, and outreach platforms to enhance the GFC’s presence and influence.

DELIVERY

The Head of GFC will be responsible of the following activities:

• Introduce GFC governing documents including mission statement, organizational structure, areas of work, policy manual, strategic plan, charter and bylaws where relevant which define the structure, purpose, and rules of the GFC.
• Develop a five-year GFC strategic plan that incorporate the following areas of work – resource mobilization; communications, partnerships and outreach; and research and knowledge dissemination;
• Organize a GFC budget and work plan for 2023 – 2027 and effective program monitoring ensuring delivery consistent with established and agreed timeframes of the IGFP and other supporting projects and programs of the GFC;
• Organize membership and terms of reference of the Steering Committee and Technical Working Group(s) of the GFC to ensure effective guidance and direction of the GFC;
• Establish a communication plan promoting and advocating the GFC as a trusted advisor on inclusive green finance in PNG to ensure effective awareness and advocacy of the GFC and its services with all stakeholders and the public;
• Organize knowledge management resources and tools to strengthen the quality of GFC services to ensure alignment with GFC mission statement.
• Lead the implementation of the Inclusive Green Finance Policy, ensuring effective coordination and collaboration among stakeholders.
• Secretariat lead for the Inclusive Green Finance Policy Steering Committee and Inclusive Green Finance Technical Working Group;
• Lead in the coordination of the Inclusive Green Finance Policy Implementation Roadmap
• Identify and pursue potential further funding streams to assist deliver of program and unit outcomes
• Contribute to further activities related to GGGI’s PNG Office.

REQUIREMENTS

QUALIFICATIONS

• At least 10 years of experience in the financial sector, preferably in the Pacific region. Candidates should have had leadership roles in a major organization or have overseen significant organizational changes.
• Strong understanding of green/inclusive finance and the challenges faced by borrowers, lenders, and regulators in implementing green/inclusive finance programs in developing countries.
• In-depth knowledge of business models of commercial banks, microfinance institutions, savings and loan societies, and the banking industry in general.
• Excellent communication skills with experience in oversight of communication plans and platforms.
• Proven track record in investor relations and/or resource mobilization.
• Demonstrated ability to build a team, department/division, or organization from the ground up.
• Fluency in English (spoken and written) is a must; familiarity with Tok Pisin is an advantage, and excellence in public speaking.

CORPORATE

• Understand and actively promote GGGI’s mission, vision and values.
• Promote an organizational culture of trust, transparency, respect and partnership.
• Excels at problem solving, ask questions and seeks support when needed, easily shares information and knowledge with others both internally as externally.
• Manage emotions and stress positively, builds rapport and resolves conflict easily.
• Strong ability to work independently and/or remotely, while maintaining productivity.
• Excellent English oral and written communication skills; including public speaking.

WORKING CONDITIONS

The Head of GFC is an X10, international grade level in GGGI’s salary scale. For an X10 International grade, the base salary starts from USD 93,480. 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. In addition, GGGI provides expatriate benefits such as expatriate allowance – equivalent to 20% of the base salary, educational allowance, and other benefits (terms and conditions are to be reviewed in a case-by-case situation).

GGGI is committed to providing a work environment that is sufficiently flexible to accommodate diverse life-cycle challenges. GGGI assists staff members to achieve a better balance between work and personal/family commitments, thus ensuring high performance, long-term productivity, and the well-being of staff members.