Carbon Trust Fund Manager Global Green Growth Institute – GGGI Experience: 3 to 5 Years Incheon, South Korea Apply By: 08-09-2024

The Carbon Trust Fund Manager will manage one of the purchasing trust funds of the GGGI Carbon Transaction Facility (CTF). The Fund Manager will need to meet the objectives of the relevant trust fund, building and managing a portfolio of transactions and related carbon projects. The trust fund includes a tranche of technical support which the Fund Manager will lead deployment of to bring projects to transaction stage.

The Fund Manager will be responsible for managing one of the dedicated single or multi-donor trust funds of the CTF with the purpose of meeting its objectives to purchase ITMOs. The activities to be carried out by the Fund Manager are both technical and operational. From a technical standpoint, the Fund Manager will select potential Article 6 transactions and manage a technical assistance tranche by completing due diligence, overseeing the development of relevant carbon project documentation, undertaking relevant technical analysis and supporting as required to bring projects to the transaction stage. The Fund Manager will also be responsible for negotiating the contracts for carbon transactions –  in accordance with fund rules and CTF guidelines, and as guided by fund participant(s) – to then further manage the portfolio of contracted projects within the fund.  

From an operational viewpoint, the Fund Manager will lead the overall day-to-day management of the fund. This includes developing annual workplans and budgets, conducting risk assessments, as well as monitoring and reporting of progress of all fund activities (related both to ITMO purchasing and technical assistance). The Fund Manager will also ensure timely delivery of technical assistance outputs across multiple countries, support GGGI country-led activities related to carbon project development and manage the work of external consultants engaged to assist in delivering the technical work.

Engagement:

• The Fund Manager will be part of the Trust Fund team of the Carbon Pricing Unit, which sits within the Investment and Policy Solutions Division (IPSD) of GGGI. S/he will manage a small team of support staff directly and through the matrix management structure will direct project staff in country in addition to external consultants. S/he will coordinate closely with the operations team within the unit who will be responsible for providing support on monitoring, reporting, accounting and communications for all the trust funds under the CTF. The Carbon Trust Fund Manager will report to the Lead, Trust Funds in the Carbon Pricing Unit.

Delivery:

• The Fund Manager is expected to select suitable emission reducing activities presented via the CTF’s Matchmaking function or other agreed channels in the form of Mitigation Activity Idea Notes (MAINs) for presentation to fund participant(s) and acceptance into the fund. Once selected the Fund Manager must prudently use the technical assistance funding within the fund to support the activity to a stage where the fund participant(s) and fund manager are confident the activity will operate and successfully generate ITMOs. The Fund Manager will then ensure successful delivery of ITMOs into the fund over the contract period, and onward delivery to the participant(s)’ registry (or retirement, as required). Specific tasks include:
• Prepare and manage the selection process of MAINs through the Matchmaking function of the CTF or through other agreed channels.
• Lead the technical assistance tranche of the fund. The Fund Manager must define activities, prepare TORs for consultants, review deliverables, and discuss and agree time allocations for staff from other GGGI offices to carry out specified activities.
• Negotiate required contractual documentation between the selling entity in the host country and the fund participant(s), ensuring alignment and agreement on the various features of an Article 6 carbon transaction.
• When required, oversee and facilitate bilateral agreements between fund participant(s) and the host country where mitigation activities are located.
• Ensure successful implementation of mitigation activities and subsequent successful delivery of ITMOs to the fund.
• Work with relevant host country teams to ensure support to host country governments regarding authorization of mitigation outcomes and application of corresponding adjustments.
• Coordinate closely with CTF operational unit and oversee the delivery process ensuring all steps are completed to deliver ITMOs and make payments.
• Develop and manage overall fund-related workplans and budgets, along with keeping track of spending at all times. Support for financial reporting will be given by the operations team within CPU.
• Deliver high quality outputs on time and within budget and build credible program reputation.
• Design guidelines, templates, methods, and processes for reporting on fund activities.
• Ensure accurate and timely reporting of fund activities, aligning to donor requirements and priorities across all technical assistance activities and transactions managed.
• Coordinate activities in different countries within GGGI membership, manage quality of outputs generated by GGGI internal focal points, and external resources.
• Analyze risks associated with fund operations, maintain a risk register, and develop mitigation plans.
• Manage staff through onboarding, KPI setting, Annual Performance Reviews, Career Progression. Ensure regular 1:1 meetings to guide staff and ensure well-being.
• Support and encourage the positive and open culture of growth in the CPU team
• Lead communication/outreach efforts aligned with the fund and fund participant(s) priorities.
• Actively participate in CPU team meetings to share knowledge and learn from others.
• Participate in external events as and when requested to share GGGI’s work to the wider carbon community and beyond.

Requirements:

Qualifications:

• Master’s degree relevant to climate action, climate finance, carbon markets, and/or environmental policies design.
• A minimum of 7 years of experience in international and country-level work experience, with strong evidence of operational program related work.
• A minimum of two years living and working outside of home country. Candidates that don’t have international experience under GGGI’s guidelines can be considered for national positions at the same grade level.
• Proven track record in project management, including planning, reporting and financial management.
• Strong experience in multi-county coordination.
• Knowledge of carbon markets and international carbon pricing/trading, particularly under Article 6 of the Paris Agreement.
• Well established networks among key individuals and organizations related to carbon pricing, capacity building and mitigation project origination is highly desirable.
• Sound managerial skills with proven capacity to recruit, manage and motivate project team members in complex, highly decentralized and matrixed organizational settings.

Source: https://careers.gggi.org/vacancy/carbon-trust-fund-manager-carbon-pricing-project-manager-563966.html