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 local financial institutions (LFIs) to integrate environmental and social considerations into their systems and processes, incentivizing the development of credit instruments with social co-benefits (e.g., prioritizing access to finance to women-led enterprises).
• Strengthen the capacity of LFIs to screen and mitigate negative impacts on vulnerable groups through the development of Environmental and Social Management Systems (ESMS) and Gender Equality and Social Inclusion (GESI) policies.
• Strengthen the resilience of critical infrastructure assets to respond to climate change, ensuring access to essential services for the population through the development of a Green Affordable Housing Concept Project Preparation Facility application.
• Provide inputs to the issuance of GSS bonds delivering climate change benefits while maximizing co-benefits for vulnerable populations, including women and indigenous groups.

ENGAGEMENT

• Support engagement with the Government of Saint Lucia, the Eastern Caribbean Central Bank (ECCB), and the local and regional banking sector.
• Support the Climate Finance Senior Officer to build and maintain strong relationships with the Ministry of Finance, local financial institutions, national development banks, international financial institutions, and international climate funds.
• Support the Climate Finance Senior Officer to engage with financial regulators to influence finance policy development and decision making.
• Engage the Climate Finance Senior Officer and GGGI Caribbean Representative to provide technical advisory assistance.
• Participate in GGGI-wide events to create awareness about GGGI Caribbean Program and activities.

DELIVERY

• Conduct a capacity gap assessment to identify sustainable banking capacity and system gaps across LFIs.
• Design a 24-month sustainable banking program (curriculum, case studies, presentations) including the development of sustainable banking training material and delivery of the sustainable banking training program.
• Produce an annual sustainable banking report based on aggregated data from the use of a sustainable banking self-assessment tool.
• Support two LFIs to design and implement Environmental and Social Management Systems (ESMS).
• Support the development of a Green Affordable Housing Concept Project Preparation Facility application.
• Support one LFI through the pre-issuance process of a Green, Social, and Sustainability (GSS) Bond, including defining the optimal issuance strategy, assessment of financing needs, development of GSS bond framework, and solicitation of a Second Party Opinion.
• Support the LFI’s GSS Bond roadshow, development of GSS bond pitch, and completing investors FAQ documents.
• Support the Climate Finance Senior Officer in the overall delivery of project activities.

REQUIREMENTS

QUALIFICATIONS

• Bachelor’s degree in finance, Economics, or other related fields.
• Preferred minimum 5 years of professional experience in the banking sector in Saint Lucia or in the Eastern Caribbean, preferably at the Eastern Caribbean Central Bank or a related institution.
• Professional or academic experience in sustainable finance is an asset.
• Verbal and written fluency in English.
• Must have the right to work in Saint Lucia.

FUNCTIONAL

• 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.
• Ability to multi-task and prioritize under stressful circumstances.
• Ability to interact and form relationships with high-level government officials and partners.
• Knowledge of and experience in adhering to internationally agreed environmental and social safeguards (ESS) and gender-sensitive design requirements.

CORPORATE

• Understand and actively support GGGI’s mission, vision, and values.
• Promote an organizational culture of trust, transparency, respect, and partnership.
• Manage emotions and stress positively, build rapport, and resolve conflict easily.
• Promote creativity and innovation among staff.
• Be able to lead where needed and provide solutions to project-level challenges.

INTRODUCTION

The Global Green Growth Institute (GGGI) is an intergovernmental organization founded to support and promote a model of economic growth known as green growth, which targets key aspects of economic performance such a poverty reduction, job creation, social inclusion, and environmental sustainability. GGGI works with countries around the world, building their capacity and working collaboratively on green growth policies that can impact the lives of millions. The organization partners with countries, multilateral institutions, government bodies, and the private sector to help build strong economies that are more efficient and sustainable in the use of natural resources, less carbon intensive, and more resilient to climate change. GGGI supports stakeholders through complementary and integrated workstreams that deliver comprehensive products designed to assist in developing, financing, and mainstreaming green growth in national economic development plans.

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.

GGGI in collaboration with the Government of Saint Lucia and the Green Climate Fund is rolling out technical assistance programs to enhance capacities and increase the mobilization of national and international climate finance and private investments for the implementation of the nationally determined contribution (NDC) and low carbon development.

CONTEXT

Saint Lucia faces significant barriers in its transition to a low-carbon, resilient economy. This is primarily due to limited institutional capacity to incorporate environmental, social, and climate considerations into financial planning and the local financial institutions’ inability to mitigate climate risks effectively. This challenge is further exacerbated by the difficulty in accessing international climate finance, affecting both governmental and private-sector endeavors to mitigate climate change impacts. To help address this challenge, GGGI will lead a Green Climate Fund (GCF) funded readiness support program to enhance Saint Lucia’s access to the GCF, develop sustainable finance instruments, and mobilize climate finance from both public, private, and international financiers. The Readiness support program aims to contribute to accelerated access to national and international climate finance through private sector participation and investments in climate change mitigation and adaptation, enhanced strategic frameworks, pipeline development, and enhanced capacity and knowledge of private and public sector actors.

WORKING CONDITIONS

The Sustainable Finance Senior Associate is a National Position at X7 grade level in GGGI’s national salary scale. The starting salary for the position is USD 35,732 per annum depending on qualifications and experience. GGGI provides 15% of base salary towards retirement plan/long-term savings, 27 days of annual leave, and private health insurance that covers dental. 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.