Principal, Climate Risk - London, United Kingdom - European Bank for Reconstruction and Development

European Bank for Reconstruction and Development

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Requisition ID Office Country- United Kingdom- Office City- London- Division- Risk Management- Contract Type- Regular- Contract Length- Posting End Date- 06/04/2023
Purpose of Job

The Climate Risk Team is responsible for the overall successful implementation of the Task Force on Climate-related Financial Disclosures (TCFD) principles within the EBRD's operations.

The Climate Risk Principal will own one of two Risk types (Physical or Transitional Risk) and support on the other risks, within the development of the Bank's TCFD methodology, its roll out across the Bank and its ongoing maintenance to ensure successful long term implementation.

In doing this they will translate TCFD and evolving regulatory guidelines into the ongoing operations across the bank, including banking project, investment strategies and others.

Through sound understanding of how TCFD, industry bodies and regulatory guidelines affect reporting and ongoing operations of the EBRD, the principal, together with guidance from the Climate Risk Team Head, will develop and drive the execution and implementation of the methodologies across EBRD portfolio and pipeline operations.

Reporting to AD, Head of Climate Risk, the Principal, Climate Risk will demonstrate a high commitment to the bank's mandate and institutional goals, as well as ability to drive for results, lead strategic thinking and provide leadership with cooperative approach to staff, clients and shareholders.

Accountabilities & Responsibilities

Develop, refine and maintain methodology:

Develop TCFD approach for all appropriate sectors across the bank in collaboration with all relevant departments (including conducting research and evaluation of best risk management frameworks, external benchmarks and potential external data providers).
Own the methodologies and support its iterations write a detailed set of procedures addressing all TCFDapplicable aspects per department (including detailing the responsibilities and accountabilities in a short form risk disclosure reports, define risk materiality and articulate this for all appropriate departments)
Develop a maintenance framework for all procedures to ensure they are continuously up to date based on external benchmarks and regulatory guidelines, including developing the technical data sets required for tracking, IT systems implications and other operational considerations

Roll out procedures and monitor implementation:

Own the roll out across relevant departments, including initiating pilots and managing all aspects of the pilot (e.g. lessons learned and implemented)
Scaling up roll outs based on a limited number of pilots, ensuring continuous feedback loops are translated into rapid adjustments and improvements
Write clear and high impact guidelines and training materials to accompany Bankwide roll outs; Lead training effort to help embed the new procedures; own the training materials and ensure they are always uptodate
Design performance parameters for Bankwide roll outs ("scorecard"), monitoring schedules for all relevant sectors of the bank; publish results according to schedule
Develop and disseminate learnings to improve bankwide implementation

Develop Domain Expertise

Produce ongoing output summaries on developments in this field

Support strategy aspects of the TCFD Team

Feed into the development of a threeyear project plan along with appropriate governance framework, quality control systems and reporting timeline
Help provide high level input to the Bank's leadership on all TCFDrelated matters
Help develop Bankwide communication enhancing the profile of TCFD reporting to improve adoption and raise profile
Support the team's work with a wide range of internal stakeholders including MD Risk Management, CRO, and respective committee such as RiskCom, Audit Committee and Board

Knowledge, Skills, Experience & Qualifications

Ability to handle consistent ambiguity, and cope with complex concepts, quickly translating them to simple messages
Strong drive and selfstarting mentality, able to handle intense workload, getting things done quickly and to a high standard (as befits the very senior stakeholders involved)
Strong excel skills and ability to quickly analyze financial models introducing new sensitives
Sound powerpoint skills and expertise in translating complex problems into simple messages and then into professional presentations
Experience with financial regulators and ability to translate their requirement into practical steps
Ability to listen to views of business partners and to be sensitive to and understand cultural differences, transition success factors and the complexity of political constraints across the entire footprint of the Bank
Ability to build effective working relationships with colleagues in a multicultural environment.
Comfortable working with uncertainty in an evolving field.
Comfortable under pressure and can