Climate Risk

Job purpose :

1. Development and implementation of CIMBT's strategies, initiatives and processes to assess and manage climate risks at portfolio and sector level
2. Support initiatives and/or process improvement to ensure CIMB's compliance with the most up to date regulatory & standards requirements related to climate risk
3. Promote adoption and integration of sustainability risk into Risk frameworks and methodologies, strengthen sustainability accountability and maintain an effective sustainability risk line of defense
4. Drive the incorporation of ESG considerations, and in particular climate risk, into risk management decisions, working closely with Sustainability Team to upskill relevant teams within Risk Team

Key Responsibilities :

a) Climate Risk Strategy and Planning

• Work with Sustainability Team and Group Climate Risk to develop overall climate strategy, integrate climate risk throughout CIMBT business and oversea the performance
• Responsible for the integration of sustainability and climate risk in the Division
• Responsible to champion overall sustainability efforts within Risk Team, working closely with Sustainability Team in addressing concerns and requirements of internal/external stakeholder

b) Climate Risk Assessment & Management

• Assess the exposure, identify hotspots and manage climate risk in Bank's portfolio.
• Work with other units of Enterprise Risk and Infrastructure e.g. Modelling and Portfolio Analytics, Non-retail Credit Risk Analytics, Capital Risk and Regulatory Reporting and Data Management to develop and improve stress testing models.
• Support data and information as per required by CIMB Group

c) Climate Scenario Analysis & Stress Testing

• Work with Key Stakeholders to develop methodologies, identify climate scenarios and risk drivers, and manage and propose improvements
• Meet BOT requirements for Climate Stress Test
• Support CIMB Group on Climate Scenario Analysis & Stress Testing for both regulatory and internal purposes

d) Climate Data Analytics

• Identify a set of climate metrics for targeted and regular monitoring, early warning detection and reporting

e) Regulatory & Voluntary Compliance

• Ensure continual compliance with the latest sets of regulatory requirements

Qualifications:

1. Bachelor's degree or above in Finance, Economics, Mathematics, Statistics, Environmental Science, Sustainability, or relevant quantitative discipline
2. At least 3-year experience in financial service-related industry or consultancy agency
3. Excellent and proven ability to communicate effectively Knowledge about sustainability disclosure, climate risk or risk management
4. Familiar with regulatory requirements and IFRS9 S2 (preferred)