VP, ESG Risk - Climate Stress Testing
Khalifa Business Park, Abu Dhabi, United Arab Emirates
Division : Group Risk Management
Sub Division : Enterprise Risk Management
Environment, Social and Governance (ESG) issues is an key driver in better business performance and stakeholder value. FAB wants to focus more on ESG going forward, as it is increasingly impacting our clients and represents risks for them, and hence for us.
FAB wants on the medium term to be a regional leader on ESG risk management, not only among peers, but among all companies.
And to that order not only taking care of our own risks, but also providing guidance to our customers, and help them perform financially better and by that making the transition to a world, where ESG is material.
It is a topic, that has an increasing amount of stakeholders, such as market participants, regulatory authorities, shareholders, expectation from customers and NGO’s involvement, and can create new revenue streams and decrease potential losses for FAB if we are successful .
The role holder will a vital part in that process and be responsible for contributing to the ESG risk agenda, implementing and maintaining a portfolio ESG risk framework within the ERM framework.
Contributing to taking ESG risk management to the highest level in the MENA region
Assist in creating an ESG risk culture in FAB
Data and quantitative expertise
Robust understanding of a bank’s data, models and systems
Assist in building up new team
Job Specific Accountabilities
TCFD analytics, especially physical and transition risk scenario analysis
Modelling of ESG and in particular climate risks
Pillar 2 capital assessment contribution from ESG
Assist in building ESG data structure for analytical purpose
Generic analytics within the ESG field
Identifying other ESG risks in FAB portfolio, both among sectors, countries and clients
Reporting of ESG risk appetite and other metrics internally
ESG intelligence provided to Group, e.g. but not limited to risk trends on sectors, FAB markets and countries, regions, issues and incidents.
Contribution to ESG external disclosure on risks.
Must have Bachelor’s degree but ideally a Master in Finance, Business Administration, Economics, Econometrics, Data Mining or Science, or any other relevant finance degree or diploma.
Developed high technical, analytical, collaboration, stakeholder management, presentation and communication skills.
Interest in taking on new area on ESG risks and trends, and how they relate to other factors.
Should possess a solid understanding of risk management practices.
Optimal at least 7 years’ experience working with risk management and analytics in a financial organization, large company, university or government body such as central bank, regulator etc.
Any ESG experience a plus, but not an requirement