
Climate Risk Specialist
4 weeks ago
Job Duties And Responsibilities
- Framework Development & Integration
- Lead the design, enhancement, and implementation of climate risk management frameworks, integrating both physical and transition risks into bank-wide risk processes.
- Ensure frameworks align with Basel IV, IFRS 9, TCFD, NGFS, and other leading regulatory and industry standards.
- Risk Identification, Assessment & Modeling
- Identify, assess, and quantify climate-related risks across credit, market, and operational risk domains.
- Develop and execute advanced climate scenario analyses and stress tests, leveraging both deterministic and stochastic approaches.
- Build and validate credit risk models (PD, LGD, EAD) and valuation models for both equity and debt portfolios, incorporating climate risk factors.
- Apply financial modeling techniques to assess the impact of climate scenarios on balance sheets, P&L, and capital adequacy.
- Data Science & Analytical Tools
- Design and deploy sophisticated analytical tools using Python and other programming languages for data manipulation, modeling, and visualization.
- Integrate AI/ML techniques to enhance predictive accuracy and scenario analysis capabilities.
- Regulatory Compliance & Stakeholder Engagement
- Serve as the in-house expert on climate-related financial regulations, ensuring full compliance with global and local requirements.
- Prepare regulatory submissions, respond to queries, and maintain proactive engagement with regulators.
- Collaborate with business units (credit, market risk, corporate banking) to embed climate risk into daily decision-making.
- Reporting, Disclosure & Thought Leadership
- Oversee the preparation of high-quality internal and external climate risk reports and disclosures for senior management, boards, investors, and regulators.
- Communicate complex climate risk concepts in a clear, actionable manner to diverse stakeholders.
- Stay at the forefront of climate science, sustainable finance, and regulatory trends, driving continuous improvement and innovation.
Requirements Experience, Qualifications And Skills
- Experience: Minimum 8 years in climate risk, sustainability, or related roles within financial services or regulatory bodies.
- Education:
- PhD or Master's degree in Climate Science, Data Science, Environmental Science, Energy, or related field; OR
- Master's or equivalent in Actuarial Science, Financial Engineering, Mathematics, or other quantitative disciplines.
- Technical Expertise:
- Demonstrable experience in credit risk modeling, valuation modeling (equity and debt), and financial modeling in a banking or investment context.
- Advanced proficiency in Python for data analysis, modeling, and visualization; experience with other analytical tools (e.g., R, MATLAB, SAS) is a plus.
- Certifications:
- GARP (Global Association of Risk Professionals) certifications such as FRM (Financial Risk Manager) are highly desirable.
- Regulatory Knowledge:
- Deep familiarity with Basel III/IV, TCFD, NGFS, and other climate risk regulatory frameworks.
- Analytical Skills:
- Strong quantitative and analytical capabilities, with proven experience in scenario analysis and stress testing.
- Communication & Leadership:
- Excellent written and verbal communication skills; able to convey complex technical concepts to non-technical audiences.
- Demonstrated ability to lead cross-functional projects, influence stakeholders, and drive organizational change.
- Other Attributes:
- Strong problem-solving skills, attention to detail, and ability to work both independently and collaboratively.
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