Green Climate Fund is hiring

The Green Climate Fund is seeking an experienced Remote Consultant to support the development of a Target Model Portfolio and strategic asset allocation framework to enhance its climate finance programming!

Job Title: Remote Consultant – Target Model Portfolio Development
Location: Remote (Global) – with potential travel to GCF Headquarters in Songdo, South Korea
Application Closing Date: 19 February 2026, 23:59 (KST)
Contract Type: Fixed-term consultancy (up to 4 months, approximately 60 working days)
Salary: Commensurate with experience and qualifications

Join a global leader in climate finance and help shape innovative investment strategies to combat climate change!

About the Green Climate Fund (GCF)

The Green Climate Fund (GCF) is the world’s largest multilateral climate fund dedicated to supporting developing countries in their transition to low-emission and climate-resilient development pathways. Established to mobilize climate finance at scale, the GCF invests in impactful, innovative, and catalytic programs and projects that drive tangible climate action across the globe.

With a current portfolio of 336 projects across 134 countries and commitments totaling USD 19.4 billion to date, GCF is poised for significant growth. In 2023 alone, an additional USD 12.8 billion was pledged, with a strategic goal of reaching at least USD 50 billion by 2030.

GCF’s core objectives revolve around achieving meaningful impacts, ensuring access for the most vulnerable populations, and mobilizing both public and private sector financial flows for climate action. Its flexible risk appetite and innovative partnerships make it a unique entity in the climate finance landscape.

GCF is seeking a highly experienced, top-tier individual with a proven track record in portfolio management, asset allocation, and climate finance to help design and operationalize a Target Model Portfolio aligned with its strategic objectives.

Background

As part of its ongoing efforts to enhance its investment strategy, the GCF is updating its Programming Strategy to incorporate a more sophisticated approach to strategic and tactical asset allocation (S/TAA). This update aims to improve how climate finance resources are allocated, ensuring alignment with climate impact objectives, risk management, and resource mobilization targets.

To operationalize this strategy, GCF requires the development of a comprehensive Target Model Portfolio that incorporates guardrails, risk appetite, and scenario analysis tools to guide investment decisions, portfolio construction, and monitoring processes.

This portfolio must be aligned with relevant policies, including the Risk Appetite Statement and Risk Management Framework, and support pipeline screening, decision-making, and ongoing portfolio management.

To achieve this, the GCF is seeking a highly qualified individual consultant capable of designing, developing, and operationalizing a model portfolio framework that integrates scenario analysis, provides decision support tools, and embeds within the organization’s decision-making processes.

The Role

The consultant will work under the supervision of the Department of Strategic Investment Partnerships and Co-Investments (DSCI), collaborating closely with multiple departments within GCF, including Monitoring, Evaluation & Learning, Risk, Treasury, and Regional teams.

The core objective is to deliver a comprehensive Target Model Portfolio Framework that:

Aligns with GCF’s programming priorities and strategic guardrails
Incorporates risk and financial constraints
Facilitates scenario-based portfolio management
Provides practical, user-friendly internal modeling tools within a multilateral climate finance context

The role requires a strategic thinker with deep expertise in portfolio construction, quantitative modeling, and climate finance, capable of translating complex analytical outputs into actionable recommendations.

Objectives of the Assignment

The consultant will undertake a comprehensive set of tasks, broken down into phases:

1. Inception and Diagnostic Analysis

Conduct an initial kick-off meeting with key GCF stakeholders
Review relevant documentation, policies, portfolio data, and the overarching Programming Strategy

Prepare an inception report assessing current portfolio composition, strategic alignment, and risk parameters
Identify data gaps and modeling constraints to inform subsequent phases

2. Design of S/TAA Framework

Develop a Strategic Asset Allocation (SAA) model aligned with macro climate goals, sectoral and geographic priorities, and mobilization objectives
Design a Tactical Asset Allocation (TAA) framework with defined adjustment mechanisms, triggers, and monitoring metrics
Ensure linkage to pipeline maturity, market conditions, and resource availability, enabling dynamic portfolio adjustments

3. Model Development

Build a portfolio allocation model, utilizing Excel, Python, or other suitable tools, with adjustable parameters and constraints
Develop scenario simulations, including capital flows, market shocks, FX shocks, and climate impact metrics

Create an integrated analytics dashboard to visualize model outputs and scenario results
Provide comprehensive technical and user documentation to facilitate internal adoption

4. Integration and Operationalization

Embed the developed model into GCF’s decision-making processes, including programming cycles, Investment Committee reviews, and portfolio monitoring
Recommend enhancements to data systems, governance structures, and internal processes to support ongoing portfolio management

5. Final Deliverables and Presentation

Validate models and outputs with GCF teams
Deliver final versions of all tools, documentation, and analytical packages
Present findings and recommendations to senior management and relevant stakeholders

Deliverables and Outputs

The consultant is expected to produce the following key outputs:

Inception Report: Outlining initial findings, scope, and work plan
Diagnostic Report: Current portfolio assessment and strategic alignment
S/TAA Framework: Documented strategic and tactical asset allocation models

Target Model Portfolio Tool: Fully operational model with user guide and technical documentation
Scenario Analysis Package: Comprehensive simulations with visual dashboards
Implementation & Integration Roadmap: Recommendations for embedding models into organizational processes
Final Presentation: High-level briefing for GCF senior management

Required Experience and Qualifications

The ideal candidate will possess:

An advanced degree (Master’s or higher) in finance, economics, statistics, data science, or a related field; professional certifications like CFA or FRM are advantageous
Minimum of 15 years of experience in portfolio management, asset allocation, investment strategy, or quantitative modeling, preferably within private sector entities, multilateral development banks, development finance institutions, impact investors, or asset management firms

Proven ability to build, document, and implement allocation and scenario models using Excel, Power BI, Python, R, or similar tools
Strong analytical skills with experience translating complex data into decision-relevant insights

Excellent stakeholder engagement, presentation, and report-writing skills
Familiarity with climate finance, impact metrics, concessional finance, and blended finance portfolios is preferred but not mandatory

Duration and Location

The consultancy will be completed over an estimated period of up to 4 months with approximately 60 working days allocated. The work is primarily remote, with the expectation of regular virtual meetings with GCF teams.

Occasional travel to GCF Headquarters in Songdo, South Korea, may be required, subject to prior approval and applicable travel policies.

Reporting Arrangements

The consultant will report directly to the Director of the Department of Strategic Investment Partnerships and Co-Investments (DSCI). Oversight will be provided by the Programming Strategy workstream lead. Regular progress updates will be required, either weekly or bi-weekly, and all deliverables will undergo review and approval by GCF.

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Application Process

Interested candidates are invited to submit the following:

A current CV detailing relevant experience and expertise
A brief cover letter outlining motivation and availability
One example of a relevant portfolio or asset allocation model (or a detailed description if confidential)

Applications of all nationalities are welcome. Candidates should specify their earliest availability and any notice period required if currently employed.

Deadline for applications: 19 February 2026, 23:59 (KST).

Application submissions should be made via the online portal: Apply here.

CLICK HERE TO APPLY

Join GCF in Climate Action and Impact

If you have extensive experience in portfolio construction, asset allocation, and climate finance, and want to contribute to global climate solutions at a strategic level, this is an exceptional opportunity. Be part of a pioneering organization working at the forefront of climate finance innovation. Apply today and help shape the future of climate investment strategies worldwide.

Green Climate Fund is hiring: Remote Consultant for Target Model Portfolio Development

Job Description