Climate Change Manager, Impact Group
About BII
British International Investment is the UK’s development finance institution, owned by the UK Government. With a mission to solve the biggest global development challenges, we aim to create a virtuous circle of investment and impact. Your contribution will be essential.
It won’t be easy: we do the hardest work in the most complex markets. Be prepared to test your skills, get creative and say your piece as you take on high-profile work as part of a diverse team of exceptionally smart, passionate people.
In return, you can take your career to all-new places in a culture that rewards curiosity and collaboration, and balances high performance with wellbeing.
BII at a glance
Over 75 years supporting sustainable business growth in developing and emerging markets
More than £8.8 billion in net assests
1,400+ businesses invested in
950,000 workers in the businesses we support
650+ people in our diverse global team
3 key development objectives: Productive | Sustainable | Inclusive
Team and role overview
Climate change is one of BII’s key priorities, as articulated in our 2022-2026 corporate strategy and Climate Change Strategy. BII has also committed to implementing the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). Together, these set out an ambitious agenda for contributing towards the objectives of the Paris Agreement.
Purpose
The Climate team is hiring a Manager to lead oversight of the team’s work on strategic advice, transaction support and portfolio management (including through technical assistance) with BII’s Financial Services Group (FSG). FSG invests equity and debt in banks and non-bank financial institutions (NBFI), both directed as well as intermediated through funds and other structured products. The group also provides trade and supply chain finance. The role will closely work across FSG investment and IG teams in BII regions to support early-stage origination/business development of climate finance transactions, due diligence and portfolio management. The role will also support the climate assessment of non-climate finance transactions to ensure BII’s investments and portfolio are Paris aligned.
Responsibilities
The Climate Change Manager will:
Origination/business development
•Support teams across FSG to develop strategies to originate
transactions that align with BII’s impact and financial return objectives, in line with our “Productive, Sustainable, and Inclusive” framework for evaluating the development impact of our investments;
•Provide climate advice for business development of early-stage potential investment opportunities, including newer areas for FI lending such as e.g. transition finance and adaptation & resilience
Due diligence/closing
•Evaluate potential FSG pipeline investments in climate finance across BII regions, in terms of the strength of their contribution to emissions mitigation and resilience as well as potential risks to impact;
•Evaluate FSG non-climate finance potential pipeline investments across BII regions, in terms of Paris alignment, and the measures that need to be implemented
•Implement required climate action items in legal documentation or value add plans with FIs
Portfolio management
•Provide in-house climate advisory to FIs and fund managers
•Develop a standardised climate TA offering for FIs via BII’s FSG plus facility (e.g. on green lending capabilities/product development and implementation of ISSB/TCFD recommendations)
•Originate and implement climate technical assistance projects for FIs via FSG plus to enhance climate capacity and impact
Cross-cutting
•Act as a focal point for climate expertise across FSG;
•Oversee the development of tools and metrics to evaluate the Paris alignment of FSG investments drawing from existing guidance and literature and BII’s broader Paris alignment framework;
•Oversee the rollout and integration of BII’s climate risk approach for FIs in close collaboration with BII’s ESG team
•Support the collection, monitoring and analysis of climate-related performance metrics from BII’s FSG investee portfolio.
The candidate
The successful candidate will:
Essential skills
•Strong knowledge, relationships and networks in climate investing and policy through financial services by either having worked in or with the financial services industry
•Be familiar with product suite for investing in financial services including through direct (equity/debt) and intermediated structures
•Strong knowledge with key climate lending, climate-related reporting and target-setting standards applying to financial institutions, such as the Green Loan/Green Bond Principles, the Taskforce on Climate-Related Financial Disclosures (TCFD), IFRS 2, Science-Based Targets Initiative (SBTI), and the Partnership for Carbon Accounting Financials (PCAF);
•Be familiar with the scientific underpinnings of climate change policy, particularly the findings of the Intergovernmental Panel on Climate Change (IPCC);
•Be experienced in using quantitative and qualitative tools and frameworks to assess climate finance and the Paris alignment of various sectors;
•Be experienced on practically integrating climate considerations into investment decision-making;
•Be experienced in providing climate advisory and technical assistance to portfolio companies;
•Be experienced in managing data in multiple sources and formats, coordinating across internal and external teams;
•Be skilled at performing self-directed research and integrating complex qualitative and quantitative information from various sources to produce clear and concise recommendations and reports;
•Be up to date with the latest developments related to emerging climate issues of strategic interest to BII;
•Possess strong attention to detail; and
•Be skilled at managing stakeholder relationships, both internal and external, in order to drive the development and successful implementation of climate-related policy.
Desirable skills
•Understand how to deploy capital and efforts to maximize development impact across different capital pools, and
•Understand the investment cycle from origination to exit.
Candidates should be strongly motivated by BII’s development mission and ideally demonstrate some commitment to development or social goals through previous executive or non-executive activity.
Our cultural values
We look for team members who aspire, as we do, to work at our best and to be:
•Impact-led, commercially rigorous
•Tenacious in the face of challenges
•Collaborative and caring
British International Investment is committed to diversity and inclusion and welcomes all applicants regardless of age, disability, gender reassignment, marriage and civil partnership, pregnancy and maternity, race, religion or belief, sex, sexual orientation or educational background.
Please provide a cover letter with your application
Salary: Competitive
