ESG Climate Risk Modeling Senior Manager Job in Montreal Recruiting by 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 Senior Manager with minimum 7-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.

Your key responsibilities

As an ESG/Climate Risk Modelling Senior 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 clients in comprehending, managing, and acting on the possibilities and risks connected with a low-carbon, resilient economy. Policy and strategy advice, addressing changing legislation and consumer preferences, supply chain security, climate risk, sustainable financing, and responsible investing.

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%).

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

To qualify for the role you must have

Strong academic background: Master’s or PhD degree in Economics, Statistics, Mathematics, Physics, Engineering, Financial Engineering or a similar quantitative discipline is required.

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 analytical skills and comfortable working large datasets; able to perform de-trending and key data trigger point analysis.

Knowledge of climate-related physical and transition risks and the transmission channels through which these can manifest as a risk for financial institutions.

Experience in model evaluation and development; ideally applied to business cases in the insurance, reinsurance or banking sectors involving PD and LGD modelling. We expect good familiarity with models from different vendors and data providers.

Ability to understand and execute programming code such as R, Python, SAS

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.

Highly effective in narrating the analytical output to stakeholders, with an ability to convey information clearly, accurately and succinctly (Must be able to work in French and in English), including the ability to communicate effectively and professionally with colleagues and clients.

Experience in capital management (ICAAP, stress testing, economic capital, etc.) (an asset).

Understanding of model risk management regulations (an asset).

Knowledge of SQL with experience operating in big data environments.

Proficient with coding in various languages; Python/Spark experience a plus.

Ideally, you’ll also have

Self starting attitude, Critical thinking, intellectual curiosity, and problem-solving abilities

Ability to lead and work collaboratively in multi-disciplinary teams.

Exceptional commitment to providing excellent client service by strong interpersonal relationship, agility, and resourcefulness.

Ce rôle comporte des interactions avec des clients à l’échelle nationale et mondiale. Par conséquent, la maîtrise du français et de l’anglais est exigée pour exercer ce role

This role involves interaction with clients operating nationally and globally where fluency in French and English is required. Bilingualism in both French and English is therefore a requirement of this role.

What we look for

If you’re a natural leader with a talent for answering and communicating complex client problems, we’re interested in you. You’ll need to be great at influencing people, ready to listen and confident in challenging the status quo. If you have a genuine passion for helping businesses and addressing their most pressing problems, this role is for you.

What we offers

At EY, our Total Rewards package supports our commitment to creating a leading people culture - built on high-performance teaming - where everyone can achieve their potential and contribute to building a better working world for our people, our clients and our communities. It's one of the many reasons we repeatedly win awards for being a great place to work.

We offer a competitive compensation package where you’ll be rewarded based on your performance and recognized for the value you bring to our business. In addition, our Total Rewards package allows you decide which benefits are right for you and which ones help you create a solid foundation for your future. Our Total Rewards package includes a comprehensive medical, prescription drug and dental coverage, a defined contribution pension plan, a great vacation policy plus firm paid days that allow you to enjoy longer long weekends throughout the year, statutory holidays and paid personal days (based on province of residence), and a range of exciting programs and benefits designed to support your physical, financial and social well-being. Plus, we offer:

Support and coaching from some of the most engaging colleagues in the industry

Learning opportunities to develop new skills and progress your career

The freedom and flexibility to handle your role in a way that’s right for you

About EY

FAs a global leader in assurance, tax, transaction and consulting services, we’re using the finance products, expertise and systems we’ve developed to build a better working world. That starts with a culture that believes in giving you the training, opportunities and creative freedom to make things better. Whenever you join, however long you stay, the exceptional EY experience lasts a lifetime. Recognized as one of Canada's top employers, EY continually strives to be a great place to work and with a commitment to hiring and developing the most passionate people, we’ll make our ambition to be the best employer by 2020 a reality.

Diversity and Inclusion at EY

Diversity and inclusiveness are at the heart of who we are and how we work. We’re committed to fostering an environment where differences are valued, policies and practices are equitable, and our people feel a sense of belonging. We embrace diversity and are committed to combating systemic racism, advocating for the 2SLGBT+ community, promoting our Neurodiversity Centre of Excellence and Accessibility initiatives, and are dedicated to amplifying the voices of Indigenous people (First Nations, Inuit, and Métis) nationally as we strive towards reconciliation. Our diverse experiences, abilities, backgrounds, and perspectives make our people unique and help guide us. Because when people feel free to be their authentic selves at work, they bring their best and are empowered to build a better working world.

EY | Building a better working world EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets. Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate. Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.