FinDev Canada, a subsidiary of Export Development Canada (EDC), is Canada’s development finance institution (DFI) that supports businesses in developing countries with the potential to create jobs, empower women and help mitigate climate change.
The private sector has a key role to play as a driver of economic growth and development. DFIs are critical instruments to facilitate and optimize the contribution of private investment to development. They respond to the specific challenges faced by companies operating in developing countries in getting access to the finance necessary to grow their business, and they do so while remaining financially self-sustaining.
In addition to positive development impacts, business operations present environmental and social* (E&S) risks and opportunities. FinDev Canada’s E&S policy outlines the approach FinDev Canada takes to assess, manage and mitigate negative E&S risks and to potentially improve baseline E&S conditions at the businesses we support.
Reporting to FinDev Canada’s Director, Impact Enablement, and in close collaboration with EDC’s Environmental & Social Risk Management (ESRM) team, the Senior Advisor, Environmental and Social Risk Management has the overall responsibility for FinDev Canada’s environmental & social risk management function, working at both the strategic and operational levels to identify and manage E&S risks associated with investments. Working in partnership with FinDev Canada’s Investment and Impact teams, this role supports clients to effectively appraise any potential negative impacts and identify opportunities to enhance positive outcomes of their operations.
This is a unique opportunity to join a team of highly talented professionals committed to delivering on FinDev Canada’s mission to help create decent jobs, promote women’s economic empowerment, and contribute to a cleaner and greener environment.
*social risks include human rights risks
- Partnering with the Investment team, and in collaboration with EDC’s Environmental and Social Risk Management Team that provides services to FinDev Canada, manage E&S risks associated with investments, support clients to effectively adopt E&S standards;
- Ensure FinDev Canada fulfills legal, international and corporate requirements for due diligence and management of E&S risks;
- Coordinate due diligence and asset management requirements of investments;
- Organize and participate in site visits to projects to assess E&S risk, observe on-site conditions, and document findings;
- Support the negotiation and structuring of E&S commitments in financing and insurance documentation;
- Independently review investee monitoring reports, and identify and assess potential E&S risks, and present findings in written reports to the team and management;
- Implement dynamic approach to E&S risk assessment with regular reassessment, annual monitoring and regular collaboration with clients;
- Monitor effectiveness of existing policies and participates in development of appropriate policies for FinDev Canada, e.g. human rights, climate;
- Report to the Board of Directors on policy effectiveness and compliance;
- Ensure risk assessment methodologies for E&S and/or operational risks are applied rigourously, consistently and revised as required;
- Provide and facilitate training on E&S issues to clients, FinDev Canada teams, and other stakeholders, as appropriate;
- Participate in research and corporate oversight into evolving issues and trends in the E&S risk management arena as they relate to development finance institutions;
- Contribute to corporate knowledge by analyzing and sharing best practice and lessons learned;
- Build, maintain and leverage internal and external networks to identify and act on opportunities to continually improve FinDev Canada’s E&S risk management policies, procedures and practices;
- Represent FinDev Canada at international events and technical meetings; and
- Communicate effectively team objectives, consistently promote teamwork, solve complex problems and negotiate appropriate action with the Deal Teams and Leadership.
- Graduate degree in an environmental or social field, such as environmental science or management, ecology, climate change, water resources, international development, occupational health and safety, labour, etc., or in a related field such as Law (environmental, labour, human rights) or Engineering;
- Knowledge of international environmental and social standards, including the International Finance Corporation’s Performance Standards and the Equator Principles, among others;
- Demonstrated thought leadership on specific environmental or social risk management-related issues (e.g., occupational health and safety, human rights, environmental risk management, climate change, biodiversity, community relations, resettlement);
- At least 7-10 years of relevant work experience in the area of E&S risk assessment and management directly related to private sector business activity in a development finance context;
- Ability to communicate ideas clearly and confidently, articulate issues and recommend solutions; and
- Team player who can work as a member of a multi-disciplinary team, motivate
and lead group efforts and network effectively across boundaries.
- Bilingual in both official languages (French and English);
- Functional ability in Spanish and other languages an asset; and
- Experience working in agribusiness and energy infrastructure preferred
- The position is based in Montreal and will involve travel to Ottawa and internationally
- $87,300 – $131,000 + performance-based incentive
How to apply
Only candidates selected for an interview will be contacted.
Application deadline: Friday, March 27, 2020, 11:59 p.m. EST on www.edc.ca/careers
EDC is committed to employment equity and actively encourages applications from women, Aboriginal people, persons with disabilities and visible minorities. If selected for an interview, please advise us if you require special accommodation.
Candidates must meet the requisite government security screening requirements.