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About the Role
The Vice President and Head of Climate & Nature Risk leads the design, implementation, and continuous enhancement of the climate and nature risk management framework. This role ensures that physical, transition, and nature-related risks are consistently identified, measured, monitored, and managed across the Group's portfolios and operations.
The role holder develops and governs climate and nature risk methodologies and models (e.g., risk scoring, scenario analysis, and stress testing) and oversees their integration into the Group Risk framework, risk appetite, credit decision-making, ICAAP, and business strategy.
This strategic leadership position demands deep technical expertise in climate and nature risk and the ability to lead and develop a specialist team. Moreover, it requires translating complex risk insights into clear recommendations for senior management and governance committees.
Key Responsibilities
Policies, Systems, Processes & Procedures
- Manage and ensure effective implementation of Risk functional policies, procedures, and controls across all international locations.
- Champion the development of a risk culture to enhance awareness and understanding of prudent risk management practices.
- Liaise with relevant Risk Committees (including Sub-Committees) to provide guidance and support in implementing effective risk management processes.
Project Management
- Lead project teams in planning and executing programs, projects, change demands, and delivering the change portfolio to meet objectives.
- Support assigned business units in defining technology programs, scoping projects, and prioritizing them for execution aligned with objectives.
- Monitor project progress, taking corrective actions to keep them on track and meet deadlines.
- Engage with stakeholders to update on progress, risks, and issues, and influence decision-making for project benefits.
Vendor Management
- Liaise with the Procurement department to initiate procurement requests and conduct vendor negotiations for high-quality and cost-effective services.
- Ensure effective evaluation of system proposals and provide recommendations to support accurate identification and acquisition of appropriate systems for business needs.
- Attend vendor selection processes to review and approve quotations, costs, functionality, and quality to meet user requirements.
- Lead the development of RFPs and RFQs relevant to services and products, ensuring cost-effective and quality services are obtained.
Relationship Management
- Develop and maintain effective relationships with external/internal stakeholders, including service providers and vendors, ensuring prompt attention to critical issues for service delivery.
Continuous Improvement
- Lead the identification of opportunities for continuous improvement and sustainability in systems, processes, and practices.
Reporting
- Ensure timely and accurate preparation of department reports that meet Group policies and quality standards.
Risk Framework and Governance
- Lead the design, implementation, and periodic review of the Group climate and nature risk management framework, aligning it with the Group ESG Strategy and international best practices.
- Embed climate risk into the Group Risk framework, including materiality assessment, risk appetite, and key risk indicators.
- Regularly update climate risk frameworks and ensure timely closure of regulatory and internal audit findings.
- Support risk and management committees, sub-committees, and working groups on climate risk matters.
Model Development, Methodologies & Stress Testing
- Lead the development and continuous improvement of climate and nature risk measurement tools, including scoring, heatmaps, scenario analyses, and stress-testing models.
- Establish and review methodologies to quantify physical and transition risks and their impacts on credit, market, liquidity, and operational risks.
- Execute regulatory and internal climate stress tests, integrating results into ICAAP and strategic planning.
- Ensure complete documentation of climate and nature risk models, adhering to model risk governance.
- Oversee implementation of models into business processes and systems.
Nature Risk
- Develop and implement the nature risk management approach, assessing nature-related dependencies, impacts, risks, and opportunities.
- Create nature risk assessment tools and sector/portfolio heatmaps, utilizing recognized tools and datasets.
- Integrate nature-related risk considerations into due diligence, credit risk assessment, and risk management processes for priority sectors.
- Support Group ESG in operationalizing and tracking nature-related targets and in preparing TNFD-aligned disclosures.
- Monitor emerging nature-related regulatory expectations and their implications for the organization.
- Lead nature target setting initiatives.
Data, Monitoring & Reporting
- Develop qualitative and quantitative climate and nature risk metrics, including financed emissions and transition risk exposures.
- Identify and assess climate and nature data vendors to bridge data gaps and champion data quality.
- Collaborate with teams on climate and nature-related disclosures (e.g., IFRS S2/TCFD, TNFD, CDP) to maintain consistency and accuracy.
- Represent in regulatory and industry forums, contributing to thought leadership on climate and nature risk.
Capability Building
- Lead training and awareness programs to enhance capability across the organization.
- Stay informed of global regulatory developments, ensuring the organization’s practices are adaptively maintained.
Frameworks, Boundaries, & Decision-Making Authority
- Operate within the framework of Group policies and overall governance frameworks, authorized to make decisions per the approved authorization matrix.
Requirements / Qualifications
Minimum Qualification
- Bachelor's degree in finance, economics, econometrics, data science, environmental science, or sustainability.
Experience
- 10+ years relevant experience in banking, financial services, regulatory bodies, or consulting.
- 5+ years of experience in Risk Management focused on climate risk, ESG, or sustainability, with a record of driving change and results.
- Proven experience in risk modeling, scenario analysis, and stress testing methodologies.
- Experience handling large datasets and proficiency in data analytics/programming tools (e.g., Python, R, SQL) and Excel.
- Demonstrated ability to integrate climate and ESG considerations into business strategies and decision-making processes.
- Proven history of developing and managing change projects and model governance processes.
- Experience engaging with a variety of internal and external stakeholders, including regulatory entities and senior management.
Competencies
- Knowledge of climate and nature-related frameworks and standards like ISSB (IFRS S1/S2), TCFD, TNFD, and international regulatory requirements.
- Strong communication and presentation skills, capable of explaining complex concepts to diverse audiences.
- Strong leadership and interpersonal skills to influence and collaborate with stakeholders at all levels.
- Superior analytical and problem-solving skills, with attention to detail and strategic recommendation capabilities.
- Ability to effectively manage multiple priorities in a fast-paced environment.
Preferred / Beneficial
- Master’s degree or other post-graduate qualifications.
- Relevant professional certifications such as CFA, FRM, or climate and sustainability-related credentials.
- Experience in nature-related risk assessment (e.g., TNFD, biodiversity, water) is advantageous.
Skills
- Risk modeling
- Scenario analysis
- Stress testing
- Data analytics/programming (Python, R, SQL)
- Excellent communication and presentation
- Strong leadership and interpersonal abilities
- Proficiency in climate and ESG considerations
- Effective change management and model governance