VP, ESG Risk Specialist, Risk Management Group
1 week ago
Risk Management Group works closely with our business partners to manage the bank's risk exposure by balancing its objective to maximise returns against an acceptable risk profile. We partner with origination teams to provide financing, investments and hedging opportunities to our customers. To manage risk effectively and run a successful business, we invest significantly in our people and infrastructure.
Job Purpose
A rapidly growing number of stakeholders globally across governments, private and financial sectors as well as the society at large have embraced the urgent need to address environmental and social challenges. DBS has been thoughtful around our own sustainability agenda because we not only want to create a healthy planet, but also to ensure that the transition to accomplish this is just. We want to be a bank that contributes to preserving a healthy planet while also addressing key social needs.
Reporting to the Head of ESG, Risk Management Group, the successful candidate will work in RMG ESG team and lead conversations on climate/ESG risks with senior stakeholders. The role will focus on advancing DBS' climate risk management strategies, policies and governance, driving and developing climate risk management capabilities, and building our approach to climate risk data collection.
As a second line, the role will collaborate with business to enhance standards and policies, and provide climate risk advise on deals, products, transactions and client engagements, in turn supporting DBS in achieving our Net Zero targets. Working in close partnership with the broader Risk organization, the selected candidate will be responsible for establishing climate risk best practices in this critical area.
Responsibilities
- Develop and oversee the implementation of climate risk management strategies, policies and governance frameworks across DBS' markets, including designing, implementing and documenting new measures and controls to manage climate and environmental risk.
- Function as ESG recommender for the transactions/borrowers classified higher risk from ESG perspective.
- Drive the interpretation of expectations from key regulators and to ensure risk compliance with emerging environmental risk regulations.
- Work closely with the Institutional Banking Group (IBG), particularly sustainability team, Consumer Banking Wealth Management Group (CBWM) to recommend and drive enhancements of risk policies and guidelines, to manage climate risk and in alignment with our Net Zero targets.
- Provide guidance to IBG/CBWM Credit Risk Managers on climate risk assessments and considerations relating to deals, products, transactions and clients, and provide recommendations to mitigate climate risk, where required/appropriate.
- Manage interactions with external parties such as regulators, relevant associations, consultants and prospective vendors on climate risk topics, including regular reporting and updates.
- Contribute Risk input to broader firm wide sustainability strategic commitments (e.g. NZBA, TCFD, Equator Principles).
- Guide internal risk functions in adapting internal policies for environmental risk considerations as appropriate.
- Work towards building an understanding of new climate change products and services, including carbon markets, new climate change mitigation and adaptation technologies.
- Develop and oversee climate risk capacity building, including managing environmental risk capacity building to relevant stakeholders.
- A Bachelor's or Postgraduate degree in sustainability-related field, and/or a relevant risk domain.
- Experience and proven track record in Climate and ESG Risk management in the financial sector and good understanding of Institutional Banking products/services and risk policies.
- A minimum of 8 to 10 years experience in a financial institution with relevant knowledge of climate risk management in financial institutions.
- Familiarity with the increasing regulatory expectations facing banks with respect to Climate Risk/ESG matters.
- Experience with governance, lines of defence roles and climate risk enterprise risk framework is added advantage.
- Proven track record of senior stakeholder management on climate and environmental risk with ability to take ideas forward and to challenge others, where appropriate
- Passionate and updated about the latest climate-related trends, news, science and literature.
- Resourceful, with strong ability to leverage on contacts within the banking industry, rating agencies, consultants etc. to source inputs for benchmarking and to implement best practices.
- Self-motivated and driven to produce high quality deliverables.
We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognises your achievements.
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