Partner: UNEP FI / Resources and Markets Branch
Job categories: Finance, Legal
Vacancy code: VA/2019/B5119/17527
Department/office: ECR, GVA, UN portfolio
Duty station: Home based
Contract type: International ICA
Contract level: IICA-2
Duration: 3 months
Applications to vacancies must be received before midnight Copenhagen time (CET) on the closing date of the announcement.
Background Information – Job-specific
The United Nations Environment Programme Finance Initiative (UNEP FI) is a strategic public-private partnership between UNEP and the global financial sector. UNEP FI works with over 200 financial institutions, signatories to UNEP Statement of Commitment by Financial Institutions on Sustainable Development, and a range of partners and organizations, to embed environmental, social and governance considerations in financial decision-making. Through its industry, thematic and regional activities, UNEP FI promotes the adoption of sustainability practices by financial institutions and the finance sector at large.
The consultant will work with UNEP FI members and the Principles for Responsible Investment Team to research, write and deliver a report of the programme “Fiduciary Duty in the 21st Century”.
Purpose and Scope of Assignment
In line with the work programme agreed at UNEP FI Annual General Meeting and approved by UNEP, and under the direction of UNEP FI Head and Elodie Feller, UNEP FI, Investment Programme Manager, the Consultant will be responsible of :
- Producing a detailed report outline including chapter headings and sub-headings
- Producing an in-depth questionnaire for the PDC membership which specifically addresses members’ decarbonization objectives, their specific decarbonization activities and strategies, performance measurement, performance outcomes, lessons learned, priorities for action, and barriers to implementation
- Conducting an internal analysis of the fiduciary duty programme, ready to be presented to the project Steering Committee.
- Producing a public summary analysis of the fiduciary duty project.
- A final report on progress
- Communications support (2 articles)
- General advisory to the Fiduciary Duty project team
Monitoring and Project Controls
About the Project: Fiduciary Duty in the 21st Century
In September 2015, UNEP FI and the Principles for Responsible Investment (PRI) launched the report Fiduciary Duty in the 21st Century. The report argued that modest changes in law and policy relating to fiduciary duty could catalyze significant and rapid change in the importance assigned by investors to ESG issues in their investment processes (The report looked at 8 countries). In 2016, UNEP FI, PRI and The Generation Foundation partnered to launch a four-year programme with the objective to implement the recommendations made in the report Fiduciary Duty in the 21st Century.
The project Steering Committee has recommended a final report be delivered before the end of the project (end 2019). In this context, the consultant will carry out the following project tasks for UNEP FI in coordination with the Principles for Responsible Investment Team:
- A quantitative and qualitative analysis of current status and progress of the different project elements including all the country roadmaps published on www.fiduciaryduty21.org, the Global Statement in Investor Obligations and Duties and the multilateral engagements with the European Commission and the OECD.
- The analysis should identify indicators/performance measures that are most relevant to the project, element cited above and relevant to the long terms objective of the fiduciary duty programme.
- The analysis should include specific recommendations, and general advice to the project team on current progress, and alignment with mid to long term objectives of the fiduciary duty issue in relation to sustainable development more broadly.
- A public analysis of project outcomes developed in collaboration with the project team to be published in Q3 2019.
- The analysis should include a mapping of the recommendations and actions undertaken in several jurisdictions.
The report should be designed in a way that makes it straight forward for investors to read (including graphs, info graphs, timelines etc.)
Education (Level and area of required and/or preferred education)
- Master’s degree in finance, law, business administration, environmental studies, economics, management or sustainable development. Ideally, the consultant will have published in this area or have access to, or support from, relevant academic networks.
- A first-level university degree (bachelor’s) in combination with 7 years of relevant experience may be accepted in lieu of the advanced university degree.
- At least 5 years of work experience, especially in the financial services sector and/ or responsible investment, or at NGOs, academic organizations, standard-setting bodies.
- Proven knowledge in the field of sustainable finance, particularly responsible investment and a strong understanding of ESG risks and legal frameworks for institutional investors around sustainability issues for instance: pension funds, insurers; ability to cope with and manage complex projects and activities in an organised and timely manner;
- Proven conceptual, analytical and evaluative skills; excellent communication (spoken and written) skills;
- Outstanding ability to conduct both desk-top research and on-the-ground fieldwork;
- Ability to work independently and with remote teams.
- Proven project management skills, particularly in international and multi-stakeholder environments.
- Proven conceptual, analytical and evaluative skills.
- Excellent written skills, including strong report writing skills.
- Ability to work and deliver independently with little oversight.
- Develops and implements sustainable business strategies, thinks long term and externally in order to positively shape the organization. Anticipates and perceives the impact and implications of future decisions and activities on other parts of the organization.
- Treats all individuals with respect; responds sensitively to differences and encourages others to do the same. Upholds organizational and ethical norms. Maintains high standards of trustworthiness. Role model for diversity and inclusion.
- Acts as a positive role model contributing to the team spirit. Collaborates and supports the development of others. For people managers only: Acts as positive leadership role model, motivates, directs and inspires others to succeed, utilizing appropriate leadership styles.
- Demonstrates understanding of the impact of own role on all partners and always puts the end beneficiary first. Builds and maintains strong external relationships and is a competent partner for others (if relevant to the role).
- Efficiently establishes an appropriate course of action for self and/or others to accomplish a goal. Actions lead to total task accomplishment through concern for quality in all areas. Sees opportunities and takes the initiative to act on them. Understands that responsible use of resources maximizes our impact on our beneficiaries.
- Open to change and flexible in a fast paced environment. Effectively adapts own approach to suit changing circumstances or requirements. Reflects on experiences and modifies own behavior. Performance is consistent, even under pressure. Always pursues continuous improvements.
- Evaluates data and courses of action to reach logical, pragmatic decisions. Takes an unbiased, rational approach with calculated risks. Applies innovation and creativity to problem-solving.
- Expresses ideas or facts in a clear, concise and open manner. Communication indicates a consideration for the feelings and needs of others. Actively listens and proactively shares knowledge. Handles conflict effectively, by overcoming differences of opinion and finding common ground.
Contract type, level and duration
- Contract type: Individual Contractor Agreement (ICA)
- Contract level: International ICA Level 2 (ICS-10)
- Contract duration: 3 months
- Please note that the closing date is midnight Copenhagen time
- Applications received after the closing date will not be considered.
- Only those candidates that are short-listed for interviews will be notified.
- Qualified female candidates are strongly encouraged to apply.
- Work life harmonization – UNOPS values its people and recognizes the importance of balancing professional and personal demands. We have a progressive policy on work-life harmonization and offer several flexible working options. This policy applies to UNOPS personnel on all contract types
- The incumbent is responsible to abide by security policies, administrative instructions, plans and procedures of the UN Security Management System and that of UNOPS.
It is the policy of UNOPS to conduct background checks on all potential recruits/interns.
Recruitment/internship in UNOPS is contingent on the results of such checks.