Duration: 6 months initial, with possibility of extension up to one (1) year

Starting date: October 2023

Location: Songdo, Incheon City, Republic of Korea

Deadline: 10 September 2023 (11:59 PM KST)

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 216 projects in 129 countries and has committed USD 12.0 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 GCF’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.

Internship Assignment

This internship aims to offer post-graduate students or recent graduates a meaningful learning experience by supplementing their knowledge with real-world interventions. The Intern will support – with concurrent mentoring – the Operations Control Unit in its current assignment. The Operations Control unit is responsible for the design and implementation of the risk-based internal control framework based on COSO. The three main projects it currently leads are:

1. PROM (Project Risk and Opportunity Mapping) which aims at harmonizing and improving the Fund’s projects risk assessment.

2. RCSA (Risk and Control Self-Assessment) to support process owners in reviewing and assessing inherent risks and designing adequate control systems.

3. ERM (Enterprise Risk Management) system implementation. An integrated tool to manage organization, project and process risks.

The Intern will be trained and mentored in risk assessment, process review and internal control. Learning activities include:

• Support the Project Risk and Opportunity Mapping project by ensuring proper coordination of the working group and researching risk management and internal control best practices
• Support the Risk and Control Self-Assessment exercise by coordinating workshops and drafting process documentation (walkthrough minutes, flowcharts, standard operating procedures) highlighting risks and internal controls
• Support the unit monthly report by collecting and analysing data
• Shadow the Operations Control Manager in meetings with project working groups and stakeholders across the organization

• Perform other functions, as may be appropriate under the conditions of the internship.

Requirements and qualifications*

1. Enrolled and pursuing last year of Master’s program (or recently graduated) in Business Administration, Economics, Finance, Sustainable Development or related fields;

2. Good understanding and experience in process, risks and controls as well as operations of international organizations is an added advantage;

3. Proficiency in using standard software programs: MS Word, Excel, PowerPoint, Outlook, and Access; Experience with Visio is an advantage

4. Excellent writing and presentation skills;

5. Fluency in English is essential; knowledge of another United Nations language, in particular French and Spanish, and/or Portuguese is an advantage.

GCF aims to attract candidates from diverse backgrounds and nationalities. Applications from women and nationals from developing countries are strongly encouraged to apply.

* The above criteria should be seen as indicators of the experience and skills that would qualify candidates for consideration. Selection among short-listed candidates will only be contacted and the pool will take into account for those who can start ASAP

Depending on the visa you have, working conditions and internship availability may change.

Upon performance evaluation, the internship period could be extended up to 12 months.