DRC is looking for a dynamic ambitious and experienced specialist on innovative or alternative financing within the humanitarian or development sector to work closely with multiple internal and external stakeholders to support the development, initiation and implementation of a key workstream under DRC Global Innovation framework.
|Innovative finance applies to using market-based investments – which generate a financial return – rather than grants. Approaches can be innovative when new financial products (or instruments) are designed or when well-established financial instruments are used to operate in new situations, in this case fragile, humanitarian contexts. (ODI, 2019)|
Who are we?
The position is anchored in the Programme Division, within the Programme Innovation and Business Engagement team but holds the broader Programme Division, the External Relations Division, the Operations and Finance Divisions and the Communications Department.
About the job
Today’s crises are more frequent, last longer and affect more people. A conglomerate of root causes, conflict, disaster, pre-existing vulnerabilities affecting both internally displaced populations and refugees strain the financial means available for assisting these populations. Despite growing international humanitarian assistance in 2017, at USD 27.3 billion, calls by UN and governments have been made repetitively for alternative and innovative financing, trying to bridge an increasing financing gap. The Global Compact on Refugees calls for more equitable burden sharing, seeing that poor countries, or regions affected by conflict and instability are disproportionately carrying the lion’s share of hosting large refugee populations.
Notwithstanding the broad recognition of the above, and the general impetus, need and willingness from the side of both private sector, companies, foundations and investment funds to invest in ‘frontier markets’ aiming at both financial and social return, and the humanitarian sector, challenges persist in finding a common language and ground. Despite strong innovations, it is still too early and a wider range of tools and combined financing opportunities are needed for scaling these initiatives and finding new ones.
Early studies of existing work with alternative financing, in particular ODI/HPG (New Financing Partners for Humanitarian Impact, 2019) emphasizes the need to match up carefully identified needs with relevant tools
For DRC it is highly relevant to further investigate both blended financing opportunities and market-based solutions, but very few attempts have taken place. Therefore, DRC’s Programme Innovation and Business Engagement team has dedicated a workstream to (innovative) Alternative Financing that would substantiate and give input to DRC’s thought leader processes, but also position and increase DRCs experience and partnership possibilities within this area.
The incumbent will lead the global work track on alternative financing for displaced populations, i.e. ‘move from grant-making toward employing a wider range of financial tools and scaling up investment in poor countries’ aiming at both financial and social return, but also render concrete support to initiatives that are being piloted in several regions.
Your main duties and responsibilities will be:
- Support three to four concrete on-going initiatives in respectively Middle East, East Africa a.o
- Develop 2-3 concrete pilot models/initiatives on alternative financing
- Contribute to further develop DRC direction and potential strategy on alternative financing
- Act as technical advisor to programmes and staff, at field and HQ levels working on alternative financing
- Support and at times lead DRC external engagement with multilateral institutions and donors to shape both the agenda, and to catalyse appropriate financing instruments
- Act a the key technical reference point, and representative externally on the issue of alternative financing, including partaking or initiating high level dialogue on the the issue
- Fundraise and pro-actively increase both portfolio and partnerships with private sector, academia, donors and governments
- Advanced degree in finance, economics, or other relevant degree;
- Strong understanding of forced displacement and migration in general
- Well elaborated know-how and experience in humanitarian financing, and particularly alternative financing / blended financing models
- Ability to model, develop and integrate new financing models and model the business cases in this regard
- Strong interpersonal skills and ability to establish relationships within DRC and to external stakeholders at highest level
- Strategic thinking ability, to capacity to develop innovative policies, systems and new eco-systems
- Excellent communication skills
In this position, you are expected to demonstrate DRC’ five core competencies:
Striving for excellence: You focus on reaching results while ensuring an efficient process.
Collaborating: You involve relevant parties and encourage feedback.
Taking the lead: You take ownership and initiative while aiming for innovation.
Communicating: You listen and speak effectively and honestly.
Demonstrating integrity: You act in line with DRC’s vision and values.
Contract length: two years
Workplace: DRC HQ, Copenhagen, Denmark or in one of our field offices in the Middle east, East Africa a.o.
Salary and conditions will be decided once we have found the right candidate and location.
All applicants must upload a cover letter and an updated CV (no longer than four pages) in English.
Applications sent by email will not be considered.
You are welcome to contact Rikke Johannessen at email@example.com
for more information about the position (application should not be sent to this address).
If you have questions or are facing problems with the online application process, please use our job support at drc.ngo/jobsupport.
For further information about the Danish Refugee Council, please consult our website drc.ngo.
Closing date for applications: February 02 2020
Submit your CV and a motivation letter by clicking on “Apply for position” on this page. Please submit
your application, in English no later than Sunday, February 02 2020.
Interviews will be held on a rolling basis so don’t hesitate with applying.
 Humanitarian Policy Group, New Financing Partnerships for Humanitarian Impact, January 2019
DRC as an employer
By working in DRC, you will be joining a global workforce of around 8000 employees in 40 countries. We pride ourselves on our:
- Professionalism, impact & expertise
- Humanitarian approach & the work we do
- Purpose, meaningfulness & own contribution
- Culture, values & strong leadership
- Fair compensation & continuous development
DRC’s capacity to ensure the protection of and assistance to refugees, IDP’s and other persons of concern depends on the ability of our staff to uphold and promote the highest standards of ethical and professional conduct in relation DRC’s values and Code of Conduct, including safeguarding against sexual exploitation, abuse and harassment. DRC conducts thorough and comprehensive background checks as part of the recruitment process. Visit drc.ngo to read more about what we do to secure robust safeguarding mechanisms.
If you have questions or are facing problems with the online application process, please visit drc.ngo/jobsupport.
To apply for this job please visit candidate.hr-manager.net.