Senior Risk Specialist

Background: At COP27 and CMA4, the Conference of the Parties (COP) to the United Nations Framework Convention on Climate Change (UNFCCC) and the Conference of the Parties serving as the Meeting of the Parties to the Paris Agreement (CMA) established funding arrangements to assist developing countries particularly vulnerable to climate change. This decision established the Fund for Responding to Loss and Damage (FRLD) to help developing countries address the economic and non-economic impacts of climate change, including extreme weather events and slow-onset processes. At COP28 and CMA5, the COP/CMA formally approved the Fund's Governing Instrument, designating it as part of the UNFCCC's financial mechanism and placing it under the joint guidance of COP and CMA. The decision authorized the Fund's Board to secure a hosting arrangement with the World Bank as interim trustee for four years, including hosting the Fund's Secretariat. The World Bank has agreed to act as trustee and administer the Trust Fund in accordance with the COP/CMA's stipulations. The Secretariat, hosted by the World Bank in Washington, D.C. and led by the Executive Director (ED), coordinates the Fund's strategic activities across its governing bodies, including the Board and the World Bank as interim Trustee and Secretariat host, manages institutional relations with the Fund's stakeholders, and drives thought leadership to deliver the Board's vision and policies. As the FRLD scales up its operations and mobilizes resources from public, private, and innovative sources, it is essential that a comprehensive, fit-for-purpose Risk Management Framework (RMF) be established. The RMF will underpin the Fund's credibility, ensure prudent stewardship of resources, and provide governing bodies and stakeholders with confidence in the Fund's operational resilience.

Role Overview: The Senior Risk Specialist (GG) is a high-impact, mid-career professional role that sits at the center of the FRLD's institutional archi