Sustainable Finance Senior Officer
Global Green Growth Institute
Quito, Ecuador
hace 2 días

Sustainable Finance Senior Officer

Based in Quito, the Sustainable Finance Senior Officer will report to the Regional Investment Lead to support the implementation of the CAF-funded technical assistance program and the development of the GCF Readiness and Preparatory Support Program.

The Sustainable Finance Senior Officer will provide direct support to the to design of procedures and guidelines for a thematic bond issuance, and two sustainable finance roadmaps relating to performance-based bonds and climate / natura debt swap.

This will be complemented by extensive training of relevant actors about pre- and post-issuance requirements, and the role of thematic bonds, and other sustainable finance instruments, supporting the Government of Ecuador to achieve a low carbon and climate-proof development, while preserving nature and ecosystem services and improving the livelihoods of its citizens.

The Officer will need to build close working relationships and a strong network with a wide range of stakeholders within MEF, CAF, and other relevant Ministries, development agencies, research institutions, public and private financing sources, and the private sector S / he will represent GGGI in key meetings and events and will be expected to secure the buy-in and active involvement of stakeholders in order to contribute to the project’s successful delivery.

Additionally, s / he will lead the engagement and negotiation with MAAT for the development of the GCF Readiness and Preparatory Support Program.


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.


Ecuador became a Member of GGGI in 2019, and GGGI is now collaborating with Ecuador’s Ministry of Economy and Finance (MEF) and the Ministry of Environment, Water and Ecological Transition (MAAT) to develop the Government’s technical and institutional capacity to access international climate finance, strengthen the sustainability of its financial sector, and increase the flow of finance to low carbon resilient development.

For this purpose, GGGI is working with the Development Bank of Latin America (CAF) to support the Government of Ecuador to design and implement sustainable finance instruments.

These instruments will support the country in its goal of mobilizing long-term concessional resources to finance activities linked to sustainable infrastructure, social development, nature conservation, and wider environmental sustainability in the country.

This will support Ecuador s efforts to achieve its climate change mitigation and adaptation objectives, as well as its SDG and NDC commitments.

The project is divided into four components :

  • Development of a thematic sovereign bond framework
  • Development of a roadmap for the issuance of sovereign results-based bonds
  • Development of a roadmap for the implementation of climate / nature debt swap operations
  • Formalization, operationalization and capacity building of a National Sustainable Finance Committee.
  • More recently, GGGI has initiated a collaboration with MAAT to develop a GCF Readiness and Preparatory Support Program to deliver an 18 / 24 months technical assistance program aimed at integrating environmental, social, governance and climate resilient considerations into Ecuador’s financial regulations, banking sector, PPP policy and planning documents.


    The Senior Officer will lead country engagement and coordination efforts to ensure project ownership, design sustainable finance instruments, establish governance structures, deliver demand-driven capacity building to public officials, and ensure timely delivery of project results.

    The Senior Officer will :

  • Coordinate the stakeholder’s engagement process with relevant public institutions including the Ministry of Economy and Finance, the Ministry of Environment, and other relevant stakeholders in Ecuador
  • Analyze Ecuador’s public finance policies, federal expenditure budget, debt instruments and obligations, and public spending in key climate and sustainability sectors.
  • Evaluate Ecuador’s financing needs in alignment with climate change and sustainable development goals.
  • Support the elaboration of a thematic bond framework and sustainable finance roadmaps
  • Deliver capacity building workshops for public officials and other key actors
  • Support the GIS team in the Latin America and Caribbean Regional Office in all other activities and tasks related to the project and to GGGI’s engagement in Ecuador including development of a thematic bond framework, development of sustainable finance roadmaps, and development and implementation of other green growth interventions in the country.
  • Support the implementation of activities with counterparts in the national and subnational governments, as well as with the consortium’s partners and other relevant project stakeholders.
  • Support the development of the GCF Readiness and Preparatory Support Program

  • Engage with government officials of developing countries to influence finance policy development and decision making
  • Provide technical advice to government counterparts on sustainable finance instruments and green investment projects
  • Represent GGGI in Ecuador and provide support for stakeholder engagement and strategic relationship building with government counterparts, donors, and private sector actors in Ecuador

  • Develop a detailed workplan outlining timeline of proposed interventions
  • Collaborate with MEF internal teams to evaluate and analyze federal expenditure budget, debt obligations, and financing needs according to Ecuador sustainable development policies.
  • Perform a financial, economic, and regulatory analysis of Ecuador’s readiness for a thematic bond issuance;
  • Develop an evaluation of technical feasibility to issue thematic bonds, performance-based bonds, and climate debt swaps in Ecuador, including identifying weaknesses, gaps, and areas of improvement
  • Collect and analyze Ecuador’s economic and financial data
  • Deliver presentations to the projects’ primary beneficiaries
  • Develop and deliver recommendations to MEF and other relevant ministries to plan future thematic bond emissions
  • Assist MEF in identifying, developing and formalizing their Sustainable Finance governance structure
  • Support MEF in defining eligible expenditures categories
  • Develop and deliver recommendations to NAFIN on impact reporting standards and practices, including the development of indicators for periodic use of proceeds and impact monitoring, standardized procedures for portfolio-level and project-level monitoring and reporting
  • Assist MEF in obtaining a Second Party Opinion by a reputable green bond certifier / verifier
  • Ensure periodic and accurate validation of work products and deliverables
  • Support project reporting to GGGI HQ
  • Develop and disseminate capacity development and knowledge sharing products such as insight briefs and toolkits;
  • Organize relevant workshops, consultations and focal group discussions with key department-level stakeholders to ensure alignment of GGGI s service with client needs.
  • Participate in any other relevant activities deemed necessary for the development of GGGI’s Mexico and Regional programs, including monitoring and evaluation of related activities.

  • Bachelor’s degree in Economy, Finance, Public Administration or other related fields. An advanced degree in Policy, Public Finance, Public Administration, Economics, or a relevant field is a plus.
  • At least 9 years of professional experience in sustainable finance, public finance, thematic bonds and other sustainable finance instruments
  • Experience in client facing roles in public institutions or development agencies is desired.
  • Understanding of green finance and sustainable financial instruments (bonds, grants, debt, guarantees and equity) is a plus
  • Previous work experience in Ecuador’s public sector institutions, international organizations or multinationals working in Ecuador on public finance issues is a strength
  • Strong interpersonal and communication skills and a proven ability to develop, maintain and enhance relationships with a variety of internal and external contacts
  • Fluent in English and Spanish (written and verbal)

    Entrepreneurial and innovative in spirit and approach, with a comprehensive understanding of the significance of green growth to developing and emerging countries, as well as the financial implications and deep understanding of financial instruments that can fund climate ambitions and initiatives.

  • Exceptional analytical skills, alongside strong synthesis and strategic thinking skills
  • Outstanding stakeholder engagement, client relationship, communication and consensus building skills
  • Proven project delivery experience, i.e. managing the delivery of results on time and on budget
  • Leadership, teamwork and creative problem-solving abilities
  • Able to pick up and assimilate relevant information quickly and easily. Learns new tasks rapidly. Responds swiftly and appropriately.
  • Can think on their feet in rapidly changing environments.

  • Sets high but achievable standards for self and others. Seeks opportunities to improve process and outcomes. Constantly reviews performance to identify areas of improvement.
  • Capacity to provide technical guidance towards strategic targets, work plans and high-quality deliverables, understanding the counterparts needs, limitations and capacities.
  • Excellent ability to multi-task and prioritize under stressful circumstances.
  • Attention to detail, quality control and strong organizational abilities.
  • Excellent written and oral communication skills in English and Spanish are essential for this position.

  • Understand and actively supports 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 challenges

    The Sustainable Finance Senior Officer is an X9 grade level in GGGI’s Ecuador salary scale. For X9 Ecuador grade, the base salary starts from USD 74,413 to USD 118,651.

    Determination of base salary is subject to candidate's experience, academic background and internal equity. GGGI provides 13% of base salary towards retirement plan / long-term savings, 27 days of annual leave, and private health insurance that covers dental and vision.

    This is a national position and does not include relocation benefits. 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.

    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.

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