Climate Risk Specialist

4 weeks ago

Mumbai, India GIST Impact Full time

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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