AVP Climate scenario

Job Summary

• The job holder will be a part of the Scenario Design Team which is involved in designing, maintaining and enriching regulatory and management stress scenarios for the Bank at group and country level. They will be expected to become the subject matter expert on all areas relating to climate scenario expansion (macro and sectorial) and help with the design and development of the modelling capacity to produce climate scenarios. This may involve working with external vendors to design and build econometric models. The role will, in particular, will support the Head of the Scenario Design Team with key activities as set out below:

Key Responsibilities

Strategy

• Design regulatory and non-regulatory climate risk scenarios.

• Perform scenario expansion of key climate risk economic variables across the Group's diverse footprint.

• Present baseline and alternative scenarios to senior managers in forums, expert panels and committees.

• Contribute to committee papers, structured data requests and other internal or external scenario-related reports.

• Foster good working relationships and solicit input from Global Businesses and Global Functions and, where relevant, external vendors to enhance scenarios.

• Contribute to the development of a robust operational risk framework for scenario design processes

• Stay informed of all regulatory and industry developments related to the scenario work stream.

Business

• Broad awareness and understanding of business model and risk profile.

• Understanding of the bank's existing enterprise risk management framework, governance of the ERMF related requirements, wider stress testing and scenario analysis capabilities and existing processes, with an understanding of the climate risk stress testing and scenario analysis approach

Processes

• Design and build controls for the Scenario analysis related workstream for Climate Risk.

• Evaluate relevant existing controls and contribute to designing new controls as required.

• Support development of a climate database, including sourcing of internal and external data and performing data quality checks as required.

People & Talent

• Work with team members in a collaborative manner

• Foster a culture of knowledge sharing and learning

Risk Management

• Understanding of various scenario families including NGFS, IPCC, and IEA scenarios

• Understand and translating transmission channels of climate risks into financial system impacts

• Familiarity with industry leading climate risk models and climate/ESG data providers, with fluency in the scope, capabilities, and limitations of each tool and platform

• Understanding of regulatory expectations with respect to climate risks including capital frameworks etc

• Experience in dealing with large complex, change projects and/or building / delivering new capabilities

• A proven track record of liaising across diverse stakeholder groups; including senior managers, and large firm networks

• Experience with scenario expansion and/or econometric modelling for scenario analysis and stress testing purposes

Key stakeholders

Internal:

• Climate Risk

• Stress Testing

• Finance

• Treasury

• Credit Risk

• Global Research

• ERM Management Team

• Country CROs, and CEOs

• Regional CROs and CEOs

• Global and Regional Business Heads

• Group OR, Group COO and other business COOs

External

• Regulator, Consultants, Vendors

Other Responsibilities

• Embed Here for good and Group's brand and values in climate risk team; Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures; Multiple functions (double hats);

• Lead the scenario analysis workstream for the group and countries

• Point of contact for the country related climate stress tests and scenario analysis

• Lead the reporting and TCFD requirements for countries

• Promote Risk Governance

Skills and Experience

• Scenario design and expansion

• Forecasting Macroeconomic variables

• Economic/Political Risk Analysis

• Good problem identification skills coupled with an analytical and pragmatic approach to proposing solutions

• Econometrics