Director, Climate Finance Partnership (CFP) E&S Officer

About this role

Job Title: Director, CFP E&S Officer

Organization: BlackRock Climate Infrastructure (BCI)

Location: New York or London

Role Description:

• Overall responsibility for management of CFP’s Environmental and Social risks and opportunities
• Lead day-to day implementation of CFP’s ESMS, and assist in its review on an annual basis and update as needed
• Provide/facilitate E&S training and E&S support to CFP team and ensure that CFP projects and platforms have received training
• Ensure CFP E&S requirements are implemented for each investee and that records of E&S reviews (i.e. assessment and monitoring) are maintained
• Lead, with support from Investment Team, Technical Team and external advisors and consultants, the organization and completion of due diligence of potential investments, including providing professional judgement on:
  • Eligibility of a potential project/platform investment with reference to the fund’s exclusion list
  • Assigning risk categorizations and identifying which IFC Performance Standards could be applicable to a potential project/platform investment
  • Determining the approach to due diligence based on the risk categorization and applicable IFC Performance Standards
  • Ensuring that appropriate diligence reports are completed for all proposed investments
  • Liaise with the investee and CFP legal team to define appropriate E&S obligations in investment and operational agreements
• Prepare E&S Review Summaries, with any required E&S Action Plans (ESAPs) for inclusion in the investment memorandum to be submitted for consideration in the investment decision process
• Oversee E&S management, monitoring and reporting across the portfolio, including internal reporting to the fund and external reporting to investors and other stakeholders. This includes:
  • Organizing and conducting monitoring of portfolio Projects/platforms E&S performance and implementation of the ESAP, with the support of specialized consultants where necessary
  • Collecting E&S related Key Performance Indicators from asset managers and portfolio projects/platforms
  • Implementing CFP E&S Standards at investment portfolio level including the implementation of ESAP items
  • Preparing the annual E&S report for investors
  • Advising on and recommending appropriate remedies to resolve E&S issues in case of non-compliance, and where needed, preparing a corrective action plan with specific follow-up procedures
  • Assisting with reviewing and responding to E&S related grievances received by the fund

• Support engagement with CFP investors and ongoing management of investor E&S requirements – in particular the Climate Impact Committees and annual Sustainability report, and periodic Impact analysis.
• Ensure that CFP maintains its SFDR Article 9 status and contribute to annual Periodic Reporting
• Support E&S development across additional BCI funds (including CFP successor funds)

Candidate must have the following qualifications and experience:

• Advanced university degree (masters or equivalent) in a relevant discipline, preferably environmental engineering, environmental or social studies; development studies / development finance; or a similar area.
• At least ten years’ work experience in a related field (relevant sector, E&S and / or sustainability etc.), preferably within E&S consulting, development finance or private equity / the wider investment industry.
• Experience and demonstrable commitment to our markets. 
• Knowledge of relevant sectors and E&S issues.
• Understanding of the challenges associated with implementing E&S improvements in emerging markets.
• Expertise with the application of the IFC Performance Standards. Knowledge of with the World Bank’s EHS Guidelines and / or similar standards.
• Familiarity with SFDR Article 9 and/or EU Taxonomy.
• Experience analyzing the E&S management systems of companies.

Candidate must have the following personal skills:

• Strong written and verbal communication skills in English, including report writing (use of PowerPoint and diagrams to present information in a concise format) and oral communication. Additional language skills (Spanish, French) preferred but not required.
• Effective negotiation skills, including the ability to be persuasive as well as to listen and pragmatically identify when compromise is required.
• Highly motivated and results driven.
• Strong analytical and problem-solving skills.
• Excellent logical reasoning and structure in thought and communications.
• Proven ability to mentor and grow the skills of team members.
• Demonstrated ability to independently manage and prioritize a busy and diverse workload with a range of deliverables for a variety of stakeholders.
• Enjoy working as part of a team, collaborating and coordinating where appropriate.
• Good judgement and attention to detail.
• Ability to travel, often at short notice.

For New York City only: The salary range for this position is $240,000 – $300,000. Additionally, employees are eligible for an annual discretionary bonus, and benefits including heath care, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.

Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.

Our hybrid work model

BlackRock’s hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person – aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.

About BlackRock

At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being.  Our clients, and the people they serve, are saving for retirement, paying for their children’s educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.

This mission would not be possible without our smartest investment – the one we make in our employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.

For additional information on BlackRock, please visit @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer.  We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.

BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.