Senior Manager Climate Risk Full-time Job

Job Purpose

Responsible for climate risk initiatives within the bank, from planning, implementation and tracking the deliverables to completion.

Coordinate further embedment of climate and ESG risk consideration across the Risk control team and wider Bank.

To be updated with current and emerging regulatory expectations around ESG and climate risk

Understanding of the climate risk concepts and its applicability to financial institutions, namely transition risk and Physical risk.

Understanding of the ESG and climate aligned technology and data solutions for measurement of various types of climate risk such as transition risk, physical risk, reputational risk etc.

Revision or formulation of new policies and controls aligned with regulatory and compliance guidelines and requirements.

Responsible for execution of climate stress tests on the climate sensitive sectors across the group based on defined scope.

Responsible for computation of financed emissions in accordance with PCAF guidelines

Work closely with business units to specify data requirements and collate data for measurement of physical risk.

Work closely with ESG teams on risk related disclosures for TCFD and ISSB reporting

Job Content

Climate risk measurement

Transition risk

Assist in calculation of financed emissions in accordance with Cat.15 of the PCAF guidelines.

Work closely with international teams to collate industry and financial information of clients.

Computation of carbon intensity for the portfolio

Preparation of presentation packs for updates to senior management

Work closely with finance to obtain pillar 3 data to reconcile industry exposures with pillar 3 report.

Work closely with ESG team to validate financed emissions reporting in accordance with TCFD and ISSB standards.

To stay up to date with current CBUAE regulations on transition risk

Emirates NBD (DFM: Emirates NBD) is a leading banking group in the MENAT (Middle East, North Africa and Turkey) region with a presence in 13 countries, serving over 17 million customers. As at 31st December 2022, total assets were AED 742 billion, (equivalent to approx. USD 202 billion). The Group has operations in the UAE, Egypt, India, Turkey, the Kingdom of Saudi Arabia, Singapore, the United Kingdom, Austria, Germany, Russia and Bahrain and representative offices in China and Indonesia with a total of 879 branches and 4,130 ATMs / SDMs. Emirates NBD is the leading financial services brand in the UAE with a Brand value of USD 3.6 billion. Emirates NBD Group serves its customers (individuals, businesses, governments, and institutions) and helps them realise their financial objectives through a range of banking products and services including retail banking, corporate and institutional banking, Islamic banking, investment banking, private banking, asset management, global markets and treasury, and brokerage operations. The Group is a key participant in the global digital banking industry with 97% of all financial transactions and requests conducted outside of its branches. The Group also operates Liv., the lifestyle digital bank by Emirates NBD, with close to half a million users, it continues to be the fastest-growing bank in the region.Emirates NBD contributes to the construction of a sustainable future as an active participant and supporter of the UAEs main development and sustainability initiatives, including financial wellness and the inclusion of people of determination. Emirates NBD is also an early supporter to Dubai Can sustainability initiative, a city-wide initiative aimed to reduce use of single-use plastic bottled water.