Manager - ESG Credit Risk

at  EY

At EY, you’ll have the chance to build a career as unique as you are, with the global scale, support, inclusive culture and technology to become the best version of you. And we’re counting on your unique voice and perspective to help EY become even better, too. Join us and build an exceptional experience for yourself, and a better working world for all.
We help the world’s largest financial institutions navigate the intricate regulatory environment to effectively manage and assess capital in support of their ongoing strategies. More than ever, financial institutions are investing in enhancing their capital management capabilities to make better business decisions, presenting us with the unique opportunity to rally together to solve our clients’ most complex challenges.

THE OPPORTUNITY

EY’s Financial Services Risk Management (FSRM) practice is a consulting unit that provides risk management support to banks, insurers and asset managers. Our team includes individuals who have industry, client and product knowledge as well as quantitative, regulatory, project management and technology professionals.
We are seeking several ESG/Climate Risk Modelling Manager with minimum 5 years experience in ESG Frameworks / Climate Risk Modelling, Credit Risk Modelling experience acquired in the banking industry or in consulting services to join our team. They will be based in our Montreal (must be able to work in French and English) or Toronto office.

SKILLS AND ATTRIBUTES FOR SUCCESS

• Strong communication, presentation and technical writing skills to describe ideas, concepts and issues that involve interpretation, analysis and assessment of complex conceptual topics
• Ability to maintain and strengthen internal and external relationships
• Own and implement business development initiatives around climate risk

YOUR KEY RESPONSIBILITIES

As an ESG/Climate Risk Modelling Manager you will provide subject matter expertise on climate risk in the context of risk modelling and measurement, stress testing, risk management, strategy, and regulatory expectations.
Developing materials, tools and methodologies to support our climate risk thought leadership for use in client engagements, conferences and meetings. Work across and be the day-to-day lead on multiple engagements, delivering high quality climate risk support to our banking clients, including managing the delivery team.
Assist our financial-sector clients in ensuring compliance with ESG regulatory requirements, model development for physical / transition risk, establishing robust governance and operation models, implementing ESG data strategies, financed emission calculations, and portfolio decarbonization techniques.
Participate in the EY educational program to continually enhance abilities, as well as to create and maintain fruitful client relationships. Maintain a detailed knowledge of climate risk regulations and an awareness of broader banking regulations, market trends, competitor activities and product/services.
Ability to travel on short notice to serve Canadian clients (travel is expected to be less than 20%).

TO QUALIFY FOR THE ROLE YOU MUST HAVE

• Strong academic background: Graduate-level University degree in Economics, Statistics, Mathematics, Physics, Engineering or similar field is required
• 5 -7 years’ financial risk management / analytics experience with Financial Institutions or Consulting firms
• Thorough understanding of risk concepts such as Probability of Default (PD), Loss Given Default (LGD), capital management, stress testing, ICAAP
• Certificate in ESG, Climate risk, SCR, FRM, CFA, designation would be an asset.
• Experience in ESG frameworks or Climate Risk frameworks in the financial institutions industry or in consulting services.
• Excellent quantitative analytical skills and comfortable working large datasets; able to perform de-trending and key data trigger point analysis (Python, R, SAS, SQL)
• Knowledge of climate-related physical and transition risks and the transmission channels through which these can manifest as a risk for financial institutions.
• A good understanding of IPCC assessments of Representative Concentration Pathways (RPCs).
• Experience in financial analysis or economic analysis in the context of climate change. Experience in climate scenario analysis and/or climate risk assessment.