Associate Director (Senior Economist, Climate and Environmental Finance)

Ref50038162
CountryUnited Kingdom
CityLondon
DepartmentVice Presidency Policy & Partnerships
Business UnitEconomics, Policy & Governance
Closing Date for Applications8 May 2016

Role Overview

The Economics, Policy and Governance (EPG) Department consists of a team of around 50 economists, political counsellors, analysts and support staff, organised in three main pillars: Sector Economics and Policy (SE&P); Country Economics & Policy (CE&P) and Governance and Political Affairs (GPA). EPG contributes to the operational, policy dialogue, governance and strategy work of the EBRD and provides intellectual leadership on the development of well-functioning market economies in the EBRD’s region of operation. EPG works closely with the Banking and other departments in EBRD in structuring, appraising and monitoring investment projects and pursuing policy dialogue opportunities that advance the transition to a market economy.

The Sector Economics and Policy (SE&P) pillar of the EPG Department is currently seeking to recruit an Associate Director -senior economist specialised on climate and environmental finance- to support the deployment of the Bank´s recently adopted Green Economy Transition Approach (GET), which seeks to increase the total amount and impact of the EBRD´s climate finance operations through both investment and policy dialogue initiatives. GET encompasses a wide range of environmental areas – notably energy, water and resource efficiency; climate change adaptation; pollution abatement and control; and environmental remediation- with a focus on investments carried out by the private sector and the use of public sector financing channels in areas such as public buildings . The GET team of economists in EPG supports the assessment of green projects that seek finance from the EBRD and is involved in some of the flagship GET policy dialogue activities of the Bank, including on renewable and resource efficiency regulations, climate change adaptation policies at the country and sectoral level, and water efficiency and conservation strategies.

This position is advertised as a regular appointment at the Associate Director (Senior Economist) level.

Accountabilities & Responsibilities

The selected candidate will report to the Associate Director leading on GET issues in EPG and be a member of the GET sector team in EPG. Key responsibilities and deliverables include:

  • Develop and implement an assessment and rating system for EBRD projects consistent with the principles and business drivers for GET, that enables reaching the target of 40% of annual investment by 2020 and a trajectory towards that level of GET business over time from 2016;
  • Lead on the GET contribution to EPG’s Country Diagnostics Papers, which identifies key obstacles and solutions to greater GET financing, notably in climate and environmental finance and the use of both private and public financing channels;
  • Identify areas for policy reform and lead in policy dialogue initiatives linked to the promotion of climate/ environmental finance, including structured engagement with governments and other national/regional/local authorities, as well as managing subcontractors and co-participants (e.g. other international institutions who participate in projects) where appropriate;
  • Support banking in developing new climate finance and environmental finance business lines, for both public and private sector as appropriate;
  • Engage with other EBRD teams that design, appraise and monitor selected GET-related investment projects with a view to increase their transition impact;
  • Provide leadership and, where appropriate, conduct in-depth economic and regulatory assessments that lead to the formulation of country and sectoral strategies of the Bank related to the GET;
  • Represent the Bank in different external fora (e.g. conferences, dialogues with other international financial institutions, governments and regional authorities, think tanks, etc.);
  • Ad hoc assignments as requested, including drafting of briefings, presentations, and speeches by the President or other members of senior management.

Knowledge, Skills, Experience & Qualifications

  • PhD or advanced degree in finance and/or environmental economics from a leading university;
  • Extensive work experience in climate change/ green finance, with strong focus on policy dialogue engagements, gained for example through full-time employment in a relevant private finance or governmental institution (private equity funds; central bank; ministry of finance or environment), financial regulator, international finance institution, think tank or academia. The candidate must be able to show concrete examples of relevant policy dialogue conducted and results achieved ;
  • Deep understanding and experience on green finance issues, including green financing instruments (e.g. risk sharing, green bonds, leasing) and services (like intermediation for the carbon market), standards, market gaps and barriers, climate finance monitoring, reporting and verification tracking systems;
  • Proven track record on policy, analytical and applied economics. Published research in the green finance field is an advantage;
  • Excellent written and oral communication skills in English. Knowledge of an additional language, which is spoken in EBRD countries of operation is an advantage;
  • Familiarity with the EBRD region of operations and the countries of Central, South Eastern Europe and the Baltics, particularly work or study experience in the region is an advantage.

Competencies & Personal Attributes

  • Excellent interpersonal skills and ability to work effectively in teams as well as independently;
  • Ability to plan and organise work unsupervised;
  • Ability to work under pressure and meet tight deadlines;
  • Good organisational and multi-tasking skills;
  • Ability to operate in a multicultural environment and build effective working relationships with internal/external clients and colleagues;
  • Willingness to travel extensively to EBRD countries of operation.

This job description is not limited to the responsibilities listed and the incumbent may be requested to perform other relevant duties as required by business needs.

Diversity Matters

Diversity is one of the Bank’s core values which are at the heart of everything it does.  A diverse workforce with the right knowledge and skills enables connection with our clients, brings pioneering ideas, energy  and innovation. The EBRD staff is characterised by its rich diversity of nationalities, cultures and opinions and we aim  to sustain and build on this strength. As such, the EBRD seeks to ensure that everyone is treated with respect and given equal opportunities and works in an inclusive environment. The EBRD encourages all qualified candidates who are nationals of the EBRD member countries to apply regardless of their racial, ethnic, religious and cultural background, gender, sexual orientation or disabilities.

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