Director, Product Management - Climate Change

at  Moodys

JOB CATEGORY:

• Product Development
  Experience Level: Experienced Hire
  At Moody’s, we unite the brightest minds to turn today’s risks into tomorrow’s opportunities. We do this by striving to create an inclusive environment where everyone feels welcome to be who they are-with the freedom to exchange ideas, think innovatively, and listen to each other and customers in meaningful ways.
  If you are excited about this opportunity but do not meet every single requirement, please apply! You still may be a great fit for this role or other open roles. We are seeking candidates who model our values: invest in every relationship, lead with curiosity, champion diverse perspectives, turn inputs into actions, and uphold trust through integrity.
  Moody’s the world’s leading provider of analytics and decision science solutions for the quantification and management of catastrophic risks throughout the world. As pioneers in the development and application of advanced statistical and numerical modeling methods, we produce the most detailed and comprehensive models of natural catastrophes and their impacts. Our clientele spans several hundred entities, including insurance and reinsurance companies, brokers, banks, hedge funds, regional and local governments, and multilateral agencies.
  In response to the escalating financial impact of a changing climate, Moody’s RMS has developed a suite of climate models that measure the impact of this change. These models are designed to aid the understanding of the impact of a changing climate on portfolio and accumulation risk management. We are seeking a highly talented individual to lead the scientific and business success of our global suite of Climate Change models. The position is full time, at Senior Director level and ideally based in US or London. Some business travel will be required.
  The Model Product Management team plays a crucial role in defining products used by the (re)insurance and financial industry to quantify catastrophe losses and manage exposure portfolios. The ideal candidate will possess expert knowledge in climate perils, a deep understanding of the insurance and risk management landscape, and experience in product management processes. This role offers an exciting opportunity for those passionate about applying scientific and engineering-based methods in business applications and keen on blending technical expertise with a product management role. While focused on future climate risk, the role necessitates close collaboration with Product Managers of our climate peril model products.

Responsibilities:

• Drive the success of Moody’s RMS climate change risk model products for all climate perils globally
• Research, understand and synthesize insurance market requirements as respects modeling of future climate risk to support key business activities such as portfolio management, pricing and accumulation management
• Keen understanding of scientific research into climate change and developing views on climate risk. Confidence to educate clients on state of science and opinions, comparing and contrasting views, while supporting Moody’s modeling approach.
• Lead model product requirements and work with the model development team and leadership to optimize investments
• Handle go to market activities for new models and model updates collaborating closely with present day core model product managers
• Expand vision, strategy and roadmap meeting customer needs as climate and market dynamics evolve
• Engage with regulators to represent Moody’s RMS risk model solutions and the development of insurance climate regulatory standards
• Represent Moody’s RMS in public forums, including presenting at events, participating in interviews, and contributing to blogs and other media outlets.
• Develop and promote Moody’s RMS thought leadership activities around climate change including related insurance topics
• Collaboration across a wide range of Moody’s Analytics teams, including modelling, consulting, sales, product, and client relationship managers to support successful adoption of our model products that focus on insurance; however, the role is not limited to insurance and includes coordination of climate risk modeling needs and expertise for banking, corporate and asset management business units

REQUIRED QUALIFICATIONS AND SKILLS:

• The ideal candidate will hold a MSc or PhD in a climate-related field such as climate science, meteorology or related, with a deep interest in the application of climate science into financial services decision making
• 5+ years’ experience working with catastrophe models
• Understanding the range of applications of catastrophe models in the insurance industry
• Knowledge of financial regulatory disclosures, especially climate change related disclosures. Experience engaging directly with regulators is beneficial.
• Able to lead multiple projects across international cross-functional teams, have excellent organization and time management skills, and be able to build solid relationships
• A deep interest in understanding end-user business needs, market trends and driving successful products into markets
• Excellent communication skills and versatility in engaging in technical subjects to a varied client base, with the ability to explain technical subjects to non-technical and business end-users
• Product management experience is a distinct advantage but not essential
• An excellent team player with a high-degree of self-motivation and ability to work independently, with experience of handling changing priorities effectively
• Must have good English written and oral communications skills, and strong presentation skills
• Some travel may be required
  Moody’s is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, protected veteran status, sexual orientation, gender expression, gender identity or any other characteristic protected by law.
  Candidates for Moody’s Corporation may be asked to disclose securities holdings pursuant to Moody’s Policy for Securities Trading and the requirements of the position. Employment is contingent upon compliance with the Policy, including remediation of positions in those holdings as necessary

• Drive the success of Moody’s RMS climate change risk model products for all climate perils globally
• Research, understand and synthesize insurance market requirements as respects modeling of future climate risk to support key business activities such as portfolio management, pricing and accumulation management
• Keen understanding of scientific research into climate change and developing views on climate risk. Confidence to educate clients on state of science and opinions, comparing and contrasting views, while supporting Moody’s modeling approach.
• Lead model product requirements and work with the model development team and leadership to optimize investments
• Handle go to market activities for new models and model updates collaborating closely with present day core model product managers
• Expand vision, strategy and roadmap meeting customer needs as climate and market dynamics evolve
• Engage with regulators to represent Moody’s RMS risk model solutions and the development of insurance climate regulatory standards
• Represent Moody’s RMS in public forums, including presenting at events, participating in interviews, and contributing to blogs and other media outlets.
• Develop and promote Moody’s RMS thought leadership activities around climate change including related insurance topics
• Collaboration across a wide range of Moody’s Analytics teams, including modelling, consulting, sales, product, and client relationship managers to support successful adoption of our model products that focus on insurance; however, the role is not limited to insurance and includes coordination of climate risk modeling needs and expertise for banking, corporate and asset management business unit