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Compliance Management System for the Green Climate Fund

Compliance Management System for the Green Climate Fund

The Board adopted recently updated the risk management framework. To uphold and commit to achieving the highest standards of integrity, ethics and transparency in the conduct and governance of all its activities, and to minimize reputational risks that GCF may encounter, a compliance risk policy is essential in providing a framework to deal with such risks. 

The GCF compliance framework has the objectives of establishing and maintaining effective GCF-wide compliance risk management. The Compliance Function is part of the Office of Risk Management and Compliance and has the following main objectives at the GCF:
  • to ensure that all compliance risk events are appropriately managed through a risk-based approach;
  • to involve early in the consultation process of addressing any compliance-related risk incidents;
  • to ensure its objectivity in its compliance-related scope of work by maintaining its independence from other Secretariat divisions/units;
  • to ensure the GCF staff is empowered to manage compliance risks appropriately and to ensure a culture of good compliance in the GCF; and
  • to ensure the GCF’s investment related processes are performed in compliance with contractual obligations of the GCF’s counterparties, including complying with applicable regulations, international standards and best practices as required by the contribution agreements

Through this request for proposals (“RFP”), the GCF is seeking to procure a Compliance  Management System. 

The Compliance Management System is set to aid the Compliance team in automatization of its workflow, provide visibility and oversight into compliance activities. Due to the nature and quantity of Compliance work, a system is needed to efficiently organize the intensive workflow of compliance reviews and other internal and external inquiries. This solution will serve as an automatic tool to effectively manage cases, distribute responsibilities and follow-up with responses.

Proposals must be submitted to the Secretariat no later than  Friday 3rd May 2019 at 1700 hrs Korean Standard time.
Submission period
22 March 2019 - 03 May 2019
Status
Closed
Document type
Request for proposal
Ref. number
RFP 2019/S/008