About the role
This is an exciting opportunity to apply your skills and experience to help deliver the Mayor’s ambition to making London a net zero-carbon city by 2030.
This is a key priority for the Mayor and supporting this ambition will require considerable investments in capital infrastructure across London’s buildings, energy networks and transport systems. To facilitate this, the Mayor has made available a £500m debt facility, called the Green Finance Fund (GFF), to support the capital investment in green projects from the GLA Group and strategic partners across London.
The GFF will be administered by the GLA’s arms-length, regulated subsidiary London Treasury Limited (LTL); however, a newly established Credit Committee will make final loan decisions.
We are seeking to appoint two exceptional individuals to the Green Finance Fund Credit Committee to support this important Mayoral initiative.
A Credit Committee has been established to exercise delegated authority from the Mayor to approve GFF investments. The Credit Committee has been established to perform the following duties:
decide on investment recommendations from LTL, ensuring that these meet the objectives of GFF and comply with the any agreed green bond framework
decide on finance costs subsidy recommendations from LTL, ensuring that these are proportionate to the benefit being delivered
approve the terms and conditions of any investment finance and subsidy provided by GFF
provide oversight and strategic guidance
Skills, Knowledge & Experience
We are seeking two exceptional individuals that bring the following areas of expertise:
- Green Finance: knowledge and experience of finance and making investments, preferably through lending at corporate or project level, to tackle climate change and transitioning to net zero .
- Infrastructure planning and implementation: knowledge and experience of delivering low carbon infrastructure and/or climate technology projects.
- Environmental Policy: knowledge of environment and sustainability policies and technologies to support the transition to net zero.
- A broad understanding of mayoral environmental policies and initiatives.
- Private sector finance experience, including green bonds.
- Good understanding of impact investing.
- Commitment to championing diversity and equality and a commitment to public sector values.
Remuneration and expenses
The position of Credit Committee member is unremunerated and non-pensionable. We will, however, pay members reasonable out of pocket expenses.
Equality, diversity and inclusion
We are committed to equality, diversity and inclusion. We want to represent the city we serve, which will help us become a more innovative and efficient organisation. Our goal is to make our recruitment as inclusive as possible. We are a disability confident employer who guarantee an interview to any disabled candidate who meets all of the essential criteria. We also use anonymising software that removes identifying information from CVs and cover letters to make the process fair.
If you have any queries regarding the application process or if you require information in an alternative format, please email firstname.lastname@example.org quoting the reference details in the job advert.
Candidates are invited to apply by submitting a CV and a cover letter via our online recruitment system. The CV must include details of employment, public appointments, directorships and qualifications; the name and contact details of two referees; and any relevant information regarding eligibility for appointment.
We are keen to know about the unique expertise and experience you would bring as a GFF Credit Committee member. Please use your cover letter to demonstrate that you understand the opportunities and challenges facing the capital.
Please ensure you do not include your name on your CV as the applications are shortlisted anonymised.
Please submit your CV and Expression of Interest via our online recruitment system by 23 June at 23:59 BST.
Please find the detailed Recruitment Pack here. Click 'Apply' to register an application.
If you would like to arrange a confidential discussion about the position, please contact Kenroy Quellennec-Reid (Head of Impact Investment and Analysis) at email@example.com.