Manager - ESG Credit Risk

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 Modeling Manager with minimum 3-5 years experience in ESG Frameworks / Climate Risk Modeling, Credit Risk Modeling 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 Modeling Manager you will provide subject matter expertise on climate risk in the context of risk modeling 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 financial-sector clients in ensuring compliance with ESG regulatory requirements, model development for physical / transition risk, establishing robust governance and operation models, implementing ESG data strategies, financed emission calculations, and portfolio decarbonization techniques.

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
• Ability to maintain and strengthen internal and external relationships
• Own and implement business development initiatives around climate risk

To qualify for the role you must have

• Strong academic background : Graduate-level University degree in Economics, Statistics, Mathematics, Physics, Engineering or similar field is required
• 5 -7 years' financial risk management / analytics experience with Financial Institutions or Consulting firms
• Thorough understanding of risk concepts such as Probability of Default (PD), Loss Given Default (LGD), capital management, stress testing, ICAAP
• 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 quantitative analytical skills and comfortable working large datasets; able to perform de-trending and key data trigger point analysis (Python, R, SAS, SQL)
• Knowledge of climate-related physical and transition risks and the transmission channels through which these can manifest as a risk for financial institutions.
• 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.

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.

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 offer

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

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.

From our actions to combat systemic racism and our advocacy for the LGBT+ community to our innovative Neurodiversity Centre of Excellence and Accessibility initiatives, we welcome and embrace the diverse experiences, abilities, backgrounds and perspectives that 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.