The scope and ambition of the Sustainable Development Goals (SDGs), together with the important commitments made in the Paris Agreement on Climate Change, are far beyond what international organizations, governments and aid flows can achieve alone. The SDGs demand that markets be fundamentally reshaped to be more inclusive, equitable and sustainable while generating profits, innovation and growth.
Private financing of the SDGs will be essential if the goals are to be achieved and there is good evidence of investors realizing the opportunity for example 67 percent of institutional investors report using ESG principles as a component of their investment approach. From 2014 to 2016, global sustainable investment increased 25 percent from US$18.28 trillion to US$22.89 trillion. From 2013 to 2017, green bond issuance increased 14-fold from US$11 billion to US$155 billion. Following the approval of UNDP’s strategic plan, UNDP is in the final stages of approving the “Making Markets work for the SDGs: UNDP’s Private Sector Development and Partnership Strategy”, which fully supports the implementation of the Strategic Plan and supports governments to align private sector activities and financial investments with the 2030 Agenda. The new strategy recognizes the essential role finance and investors have in achieving the SDGs, while also making it clear that the SDGs are a good business opportunity. The strategy will be implemented in collaboration with other UN agencies and will contribute to the UN development system reform.
UNDP’s portfolio of global initiatives on finance and the private sector is diverse in scope and topics and dispersed in terms of where the work is anchored. The decentralized nature of the work provides fertile ground for innovation, but at the cost of building synergies between efforts. Therefore, UNDP is launching an Finance Sector Hub which is conceptualized as a finance and innovation platform that draws on a critical mass of UNDP expertise, initiatives, and partnerships to support the mobilization and leveraging of resources for the SDGs and lead the implementation of the new private sector strategy and other initiatives. The Hub will be an integral part of both the Bureau for Policy and Programme Support (BPPS) and the Bureau of External Relations and Advocacy (BERA), as part of the Global Policy Network (GPN). The vision of UNDP’s GPN is to become the cutting-edge provider of development advice, instantly connecting countries to the world of knowledge, resources and networks of best practice they need to achieve development breakthroughs. A key area for this work is SDG financing and investment.
The Director will thus have dual reporting lines to the BPPS and BERA Directors. The key functions of the Director of the Finance Sector Hub include inter alia:
- Private Sector Strategy Implementation and Strategic Planning
- Management & Leadership of activities and operations
- Advocacy and external relations Knowledge Management
- Innovation and knowledge management
Duties and Responsibilities
Private Sector Strategy Implementation and Strategic Planning
- In accordance to the priorities of the GPN and BERA, develop and manage the technical, operational and financial strategy for the implementation of the Finance Sector Hub and the substantive technical and managerial leadership required to implement it;
- Work with corporate partners (ExO, BMS, Regional Bureaux) to contribute to their agenda, upgrade the delivery of development products and services, and ensure collective success in delivering the outcomes of the Strategic Plan;
- Work with the Regional Bureaux to formulate regional implementation plans for delivering the new private sector strategy of regional and sub-regional economic strategies, drawing on aggregate results from country and regional programmes;
- Monitor and advise leadership on new policy options, innovative approaches and entry points to support the implementation of the new private sector strategy and the GPN and leverage visibility and impact;
- Work as part of the GPN and BERA to advance the policy development, program support and external relations functions related with private sector and finance;
- Provide support to COs to forge partnerships with private and finance sectors;
- Coordinate regional and national finance and private sector specialist network (community of practice) and, where appropriate, help UNDP to organize strategic conferences and workshops to draw on external expertise, advocate on key development issues, and contribute to global policy debates.
Management & Leadership of activities and operations
- As part of the GPN and BERA and in close collaboration with Regional Bureaux and external partners, develop comprehensive annual workplans and budgets for the Finance Sector Hub and work closely with its initiatives to build synergies, leverage shared partnerships, and achieve shared results;
- Prepare annual reports on the activities and results of the Hub for the senior management of UNDP and donors as relevant;
- Ensure that the Hub’s operations and management are in line with UNDP’s rules and regulations;
- Provide strategic direction to, coordination of the activities of the Hub, ensuring integrity and accountability of human resources, financial resources, administration, finance, IT and procurement;
- Manage UNDP’s commitments, ensuring effective application of programme tools and monitoring achievement of results;
- Ensure the integrity of financial transactions, systems and reports by consistent application of rules and regulations;.
- Ensure that systems are implemented to perform effective people management for organizational excellence.
Advocacy and External Relations
- Advocate for UNDP’s finance and private sector priorities by managing complex agendas, (including the UN reform aspects dealing with finance and the private sector), in interaction with key stakeholders like the GPN, BERA and UNDP Bureaux and Country Offices, other UN offices and agencies, Private Sector and Member States, to promote visibility of UNDP’s work across the globe by showcasing key programmatic interventions and innovations and related impact in development generation and capacity building;
- Advise senior management of UNDP on opportunities and emerging risks arising from implementing the new finance interventions and the new private sector strategy, addressing them in a timely and coordinated manner;
- Support BERA with the development and implementation of the communications and information strategy, and foster relationships with the media, for the work on finance and private sector;
- As guided by senior management, represent UNDP with the external partners, including UN agencies, in meetings and working groups on strategic partnerships issues relating to finance and private sector;
- Coordinate and implement a new transformational set of global partnerships with the financial and private sector, .as well as support the development and implementation of regional and national transformational partnerships;
- Lead and implement the establishment of a new, and in accordance with UNDP’s private sector strategy, BERA and GPN, resource mobilization approach and priorities for UNDP’s finance and private sector work, from foundations and from businesses. In addition, support regional and national UNDP offices mobilize resources from the private sector;
- Establish and coordinate a SDG finance advisory board for UNDP led by the Directors of BPPS and BERA;
- Foster collaboration across UN agencies on issues related with finance and private sector in consultation with BERA teams working on partnerships and UN system affairs.
Innovation and Knowledge Management
- Establish, leverage and promote the development of UNDP’s global finance and private sector community of practice to foster creativity and knowledge exchange on issues at the core of UNDP’s work on private sector and finance, as integral part of the GPN. When necessary add external partners to the community of practice;
- As an integral part of the GPN, help UNDP play a catalytic role in addressing economic and sustainable development challenges;
- As part of the GPN and BERA priorities, position UNDP’s leadership at all levels, especially through the integration of private sector development and finance knowledge across different areas of programming and SDG implementation;
- Coordinate, produce and disseminate finance and private sector development briefs and papers to help articulate UNDP’s positioning on key issues in this area, including through policy dialogues, conferences and use of information technologies;
- Build innovative offerings for UNDP’s finance expertise that can demonstrate and scale new business models.
- Ability to make new and useful ideas work.
- Ability to persuade others to follow
- Ability to improve performance and satisfaction.
- Ability to listen, adapt, persuade and transform.
- Ability to get things done while exercising good judgement
- Ability to communicate the value and distinct characteristics of a product or service and to understand the market landscape.
Sustainable Development Goals
- Knowledge of the Sustainable Development Goals and the ability to apply to strategic and/or practical situations.
- Ability to substantively engage and foster networks with academia, research institutions, and think tanks.
- Ability to plan, organize, and control resources, procedures and protocols to achieve specific goals.
- Ability to capture, develop, share and effectively use information and knowledge.
Collaboration & Partnerships
- Ability to develop, maintain, and strengthen partnerships with others inside (Programmes/projects) or outside the organization who can provide information, assistance, and support. Sets overall direction for the formation and management of strategic relationships contributing to the overall positioning of UNDP
Management & Coordination
- Ability to manage and coordinate campaigns and people with inspiration. Believe in and promote diversity in the workplace and reshaping the workforce to meet need.
Required Skills and Experience
- A Master's degree, preferably in international development, law, international affairs, business administration, development economics, or other relevant field, or extensive compensating experience in the area of private sector in development.
- A minimum of 15 years of experience in either public sectors (national or multilateral, including UN), private (academia, non-governmental sector, corporate).
- Proven track record and leadership experience in the UN System related to sustainable finance, private sector development and large scale partnerships with the private sector (including financial institutions).
- Proven hands on experience in leading and managing large initiatives in the area of private sector and sustainable finance issues in international organizations including field experience).
- Excellent negotiating and communication skills and ability to mobilize support from a wide range of partners (public, private, academic, civil society, business community leaders).
- Proven track record of management and resource mobilization skills.
- Fluent and proficient in English,
- Fluency in at least one other UN language strongly desirable
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