Job Title: Programme Manager- Financial Markets & Accounting
Division: Decision, Metrics & Finance (DMF)
Reports to: Director – DMF, working as an integral part of a collaborative team across Climate-KIC and its partners
Location: Multiple EU city locations, excluding Berlin and Bologna
Start Date: ASAP
Apply by: 20 February 2018
Climate-KIC is the EU’s largest public-private partnership addressing climate change through innovation. Our community consists of over 250 leading partners from business, academia, the public sector and NGOs. Our purpose is to help create a prosperous, inclusive, climate resilient society founded on a circular, zero-carbon economy.
We focus on levers of systemic change, looking for where innovation is most needed to accelerate deep decarbonisation (elimination of fossil fuels and negative carbon) and effective adaptation. We act as a platform in order to work across boundaries and across sectors, fostering innovation as a catalyst for transformation. We provide funding, we facilitate the creation of innovation consortia, we work together with our partners to take a portfolio approach to innovation options, we challenge and seek to enrich business model design, we offer tailored support for experimentation, implementation and scaling, and we incubate very early stage ideation and pre-seed innovation.
In order to make ourselves accessible to key actors and ‘challenge owners’, we work along four priority themes: urban transitions, sustainable land use, sustainable production systems, and decision metrics and climate finance. In all four areas, we place an emphasis on entrepreneurship and innovation design, on education as a driver of behavioural change through new skills and capabilities and on policy innovation. We run programmes for students, start-ups and innovators across Europe via centres in major cities and regions, convening a community of excellence in people and organisations.
We balance strategic innovation, aimed at renewing core business models, with a significant portfolio of bottom-up innovation – e.g. through our start-up accelerators – in order to learn, evaluate and continuously adjust our efforts to impact climate change. Ultimately, we aim to become a leader in systemic innovation that contributes to a paradigm shift from a linear, industrial metabolism to a circular, regenerative model, leveraging the power of our unique community of innovators and inspiring change beyond it.
Climate-KIC is supported by the European Institute of Innovation and Technology (EIT), a body of the European Union.
Climate-KIC is looking to appoint a Programme Manager in the area of ‘Financial Markets and Accounting’. This programme area represent a one of three priority areas within the Decision Metrics and Finance theme in 2018.
DMF will work through main levers of change including (i) metrics, standards, and ratings; (ii) open platform business models for data and service provision; (iii) novel financial instruments; (iv) ‘deal flow’ generation and investor matchmaking; and (v) executive education and capacity building. Target areas where needs have been identified are:
- Climate accounting and reporting methodologies: Greenhouse gas (GHG) emission disclosure and accounting methodologies have come a long way. However, there still remain gaps, not only in terms of what can be accounted for (scope 3, natural capital accounting, impact definition and measurement, resilience, among others), but also in tailoring the available and newly produced data into practical information and services for climate action (climate-related financial disclosures). It is also critical these methodologies remain updated using the latest innovations that enhance decision making for climate finance and that the surrounding ecosystem of actors is sustained and nurtured.
- Facilitating the uptake and scaling of innovative climate finance instruments: This will entail exploring novel approaches to investment including derisking, pooling and securitization, impact investment. Financial products, structures and investment vehicles that aggregate or scale investments, particularly with a view to mainstreaming climate finance more broadly are desperately needed, so an emphasis will be made on instruments that target investors who seek market returns (retail or institutional). This endeavour may include applications of blockchain, behavioural finance and data visualisation techniques, as well as remaining on the cutting edge of the impact investment, whilst using lessons learned from other domains such as microfinance. New and novel methods, metrics, ratings and standards that assist mainstream fund managers with portfolio allocations will be critical to scaling efforts and also needed. Ideas for robustly incorporating and mainstreaming climate considerations into financial accounts and valuation will also be targeted, as well as methods and tools to scale successes e.g. climate ratings initiatives
- Safeguarding the integrity of nascent markets and emerging asset classes as they scale: While climate finance needs to be scaled very quickly, a lack of integrity of new innovations could cause a backlash which needs to be avoided. For example, the market for green bonds is developing rapidly. However, there is a persistent need to develop better standards, improve verification, and integrate aspects such as resilience. Innovative offerings to accelerate the development of sovereign green bonds could help in financing Nationally Determined Contributions (NDCs).
To ensure that the Priority area within DMF embodies and executes Climate-KIC strategy and theory of change, and helps to increase Climate-KIC’s profile as a leader in innovative solutions for in the financial markets and accounting space.
- Develop, in conjunction with programme governance bodies, a project delivery pipeline and plan, ensure that the plan is delivered on time, to budget and to the required quality standard (within agreed specifications)
- Manage work plans, allocate and use resources efficiently and maintain a co-operative, motivated and successful delivery team, often consisting of key staff from the lead partner organization(s)
- Coordinate activities with the portfolio manager, and other themes at KIC central level
- Manage direct reports and delegate activities as required
Strategy alignment (10%)
- Identify opportunities and benefits to achieve Climate-KIC’s strategic objectives through implementation of programme
- Ensure functional alignment and work closely with Theme portfolio manager and Theme Director – Decision Metrics and Finance
- Ensure positioning of the programme within the Climate-KIC community and interactions between academics, start-ups, education initiatives and large companies
- Provide input to the yearly Climate-KIC business plan
Governance & programme management (40%)
- Establish processes and procedures for maintaining programme and project management oversight and decision making support for applicable policies and practices in the programme
- Clearly define stage gates both at the activity as well as portfolio level in accordance with Climate-KIC best practices, working closely with the theme portfolio manager and geography innovation lead
- Prepare budget and implement financial controls
- Report performance to investors and funders according to the requirements of Climate-KIC, the EIT and/or other funders
- Organize meetings of governing and advisory bodies and reporting to those bodies
Business development (30%)
- Define, create, maximize, deliver, and sustain the benefits provided by the programme
- Engage with business development efforts for the programme, together with the partners and Climate-KIC executive team to acquire additional partners to complement the ecosystem and raise additional funds to sustain the flagship in the future, working closely with the business development leads of the relevant geography and theme
- Renew annual funding each year which will be based upon performance including generation of revenue streams.
- Contribute to the attraction of funding from sources other than EIT.
Stakeholder Engagement (20%)
- Capture and understand stakeholder needs, desires and expectations
- Analyse the impact of programme on stakeholders, gain and maintain stakeholder support
- Manage stakeholder communications, and mitigating/ channeling stakeholder resistance
- Engage with European Commission initiatives and representing the programme in an appropriate way
- Organization-wide support services from Climate-KIC’s Programme Management Office.
- Work closely with
- Other flagship and programme managers for best practice sharing
- Theme portfolio manager and theme director for strategy, two-way feedback
- Line manager: Theme Director [because it’s the strategic position]
- Dotted line to: Geography Director [on operational side]
- Minimum requirements: At least 10 years (as an indicator) of professional experience, including several years as project leader; combining management, strategic and financial tasks, ideally with P&L responsibility in the range of 10mio€
- Experience in multidisciplinary / international teams
- A proven track record of project delivery within an international product development environment, a degree within a relevant discipline and strong commercial knowledge
- Experience in developing programmes/projects with proven ability to identify and support the development of business opportunities, including acquisition of funds from private and public sources
- Demonstrated experience in management of complex stakeholder networks
- Technical knowledge and competences in the area of the programme with (i) a track record of professional experience and understanding of the challenges in that area, (ii) a clear motivation to address these challenges and (iii) possibly a professional network readily available
- Excellent collaborative, interpersonal, organisational, analytical, creative problem-solving, communication and presentation skills.
- Works well in an environment of ambiguity and uncertainty
- Ability to understand technical and scientific topics
- Ability to balance conflicting requirements, changing priorities, a diverse group of stakeholders as well as different project-related issues.
- Excellent English is required, along with another European language if possible.
- A passion for empowering people, taking action against climate change and some creativity are further assets to this position.
- Is thoughtful and resilient.
Climate-KIC values diversity and welcomes applications from all suitably qualified candidates regardless of age, gender, race, disability, sexual orientation, religion or ethnic background.
Your application should consist of a full curriculum vitae and a covering letter describing briefly how your profile, skills and experience meet the criteria outlined in the person specification, and outlining your interest in and vision for the role.
Please send your full application to firstname.lastname@example.org.