Green Finance Fund Credit Committee Member

2 weeks ago


London, United Kingdom Greater London Authority Full time

**Key information**:
**Salary**:Voluntary, Unremunerated**Contract type**:Part Time**Reference**:CM1**Application closing date**:Fri, 23/06/2023 - 23:59**About the role**:
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.

**Key Accountabilities**:
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

**The Terms of Reference (ToR) of the committee can be found in the attached Recruitment Pack which can be downloaded here.**

**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.

**Additional skills/experience**
- 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**

**Application Process**:
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 submit your CV and Expression of Interest via our online recruitment system by 16 June at 23:59 BST.**

**Find out more



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