ESG Risk Lead - Enterprise Risk Manager

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This range is provided by psd group. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

Location: London

Purpose:

The Strategic Risk Lead is responsible for the second line oversight of the risks residing under our strategic risk category. These are currently: Environmental, Social and Governance; Reputation and Strategy Execution.

This includes leading on the development of the Bank’s ESG Risk capabilities in line with stakeholder expectations, building strong relationships with stakeholders across Risk, the wider business and our parent FirstRand, and adopting a collaborative approach to the successful delivery of their own and team priorities.

The role holder will also be responsible for the internal and external reporting of ESG Risk. This includes providing insight to senior management on the effectiveness of the Group’s management of ESG-related risk and producing disclosures in alignment with legal obligations.

Furthermore, the role is responsible for the delivery of the required risk assessments, risk appetite and other processes required by the Group Risk Management Framework for the risk under the Strategic risk category.

The role will be exposed to senior management and the candidate must be able to communicate and negotiate effectively to achieve the best outcome for the organisation.

Key Accountabilities

Reporting to the Head of Enterprise Risk you will be responsible for:

• Reporting (external):

-Delivering the Group’s annual disclosure of climate-related risks and opportunities in line with reporting requirements.

-Contributing to other key ESG-related external reports, including the Report to Society.

-Developing ESG Risk reporting capabilities in line with evolving disclosure requirements, such as ISSB.

-Any other external report as they arise.

• Reporting (internal)

-Producing meaningful and quantitative management reports on ESG-related risks and opportunities.

-Working with stakeholders to develop and enhance ESG Risk reports and MI to ensure they are easy to understand and meaningful.

-Working with colleagues within Risk and the wider Group to better integrate data sets from various sources to provide a more complete view of ESG Risk.

• Emissions

-Leading development of the Group’s financed emissions calculations, ensuring that the calculations are iterated in alignment with industry best practice, and that robust controls are in place to support disclosure.

-Coordinating climate-related scenario analysis that informs the Group’s understanding of its exposure to different ESG-related risks.

-Developing the Group’s assessment of capital requirements for climate risk through the annual ICAAP.

• Frameworks

-Owning the development of the Group’s ESG Risk Framework, ensuring its effective embedment.

-Integrating ESG Risk within the Group’s overall risk management approach.

-Developing the Group’s approach to quantifying ESG, Reputation and Strategy Execution Risk Appetite.

• Risk Oversight and Advisory

-Coordinate the delivery of the required risk documentation for all the risks under Strategic Risk.

-Partner with the first line risk owners to deliver high quality output.

-Provide advisory, oversight and challenge for strategic risk.

This is not an exhaustive list as activities will evolve. The individual may also need to support broader activities related to Enterprise Risk Management as required by the Head of Enterprise Risk.

Experience normally associated with successful performance of role:

• Technical knowledge

-Excellent organisational skills with project management capability. Able to deliver in a pragmatic and focused manner.

-Strategic thinking capability and experience.

-Excellent report writing capability, with ability to write clearly and succinctly to senior and external audiences.

-Ability to digest and assess regulatory and reporting requirements and translate those into actionable deliverables.

-Numerate with good data analysis and reporting skills.

-Advanced Excel, PowerPoint and Word skills.

-Experience of conducting ICAAP assessments would be advantageous.

-Understanding of ESG-related risk management and disclosure expectations on financial services firms, e.g. SS3/19, TCFD, ISSB would be advantageous.

• Building Relationships / People

-Able to build and develop ongoing relationships at a range of levels across the business, including the ability to influence senior colleagues to achieve objectives.

-Excellent communication (written and verbal) skills.

-Ability to work under own initiative is essential.

-Have a naturally curious and inquisitive approach to work, proactively questioning the status quo where appropriate.

Qualifications and professional memberships normally associated with successful performance of role.

• Professional qualifications such as GARP SCR (Desirable)