Advisory - Financial Services Climate Risk, Extended Enterprise Manager
Mitigating the impacts of climate change is a monumental task. Yet, we know progress is possible if we act collectively. It is vital that we all (business and society) take urgent and immediate action. To do our part to help the world achieve the goals of the Paris Agreement, Deloitte’s WorldClimate strategy is focused on driving responsible climate choices within our organization and beyond. As a part of this commitment, Deloitte has established a Sustainability, Climate & Equity (SC&E) practice that provides our clients a broad range of risk and advisory services focused on today’s most pressing environmental, social, and governance (ESG) needs. With the focus on climate change, societal impacts, and stakeholder influence, companies are increasingly focusing on decarbonization, assessing their potential risks, and reducing their environmental footprint. A career in the SC&E practice will provide you with the opportunity to provide high-value SC&E services to some of the world’s largest companies in a variety of industries.
Our Financial Services Industry (FSI) Risk Management professionals help organizations identify trends and regulatory changes impacting their business and implement effective and efficient processes to manage financial and non-financial risk.
Work you’ll do
The ideal candidate will have a genuine passion for driving ESG and Climate Risk related strategic transformation in the financial services industry and the insurance industry sector, combined with relationship-building, leadership, and communication skills. The ability to bring together stakeholders and persuade senior clients to act is essential. A genuine passion for the insurance and financial services industry, combined with relationship-building, leadership, and communication skills will be critical to success. Candidates should be energized by continuous personal improvement, proactively seeking out new skills and perspectives and exhibiting openness to coaching from senior colleagues and reviewing the work of and contributing to the development of junior staff.
Your responsibilities will include:
* Leading high-quality climate risk related engagements, taking ownership for all aspects of delivery (including scoping, program design, team selection and leadership, client communication, project delivery, risk & quality management, and budgetary control)
* Leveraging in-depth knowledge of the climate risk landscape to act in the capacity of ‘trusted advisor’ for client stakeholders
* Supporting in the assessment of climate risk maturity, development of climate risk scenarios and development of climate risk program roadmap considering financial and non-financial value in both short and long-term timeframe
* Supporting activities related to climate risk due diligence, reporting and disclosures
* Understanding, reviewing, and supporting how climate risk can inform long term client account plans and strategies and support identification of opportunities for clients
* Holding and continuing to develop fluent knowledge of climate risk, decarbonization, and the latest developments in climate impact science
* Facilitating use of technology-based climate risk assessment tools or methodologies to review, design and implement solutions
* Developing thought leadership and market eminence related to climate risk and sustainability
* Building conceptual and technical knowledge on climate risk across the wider Deloitte internal team
* Developing strong relationships with internal stakeholders across the firm, working alongside others on all climate risk and sustainability matters and industries as the team continues to grow
* Providing leadership and mentoring to junior team members and others where required
* Contribute to Deloitte’s thought leadership and business development activities
* Experience leading presales, proposal, and RFPs
* Oversee the development of junior staff
Qualifications
Required:
* Bachelor’s degree in Accounting, Finance, Business Management, Economics or related field
* 4-7 overall years of professional experience, including experience in one or more of the below climate-related fields, or similar:
* Climate risk assessment, measurement and analytics, including portfolio reviews
* Climate risk modeling
* Climate risk reporting and monitoring
* Climate risk scenario analysis and planning and/or climate risk related stress testing
* Decarbonization and net zero strategies
* Energy and low carbon policy
* Climate risk strategy and appetite
* 4-7 years of demonstrated experience with risk management across the third-party engagement lifecycle (pre-contracting, contracting and post contracting) and an understanding of the associated organizational infrastructure (e.g. relevant internal controls, business processes, governance structures)
* 4-7 years of experience in one or more of the following:
* Business process and organizational design (e.g. process mapping, workflows, governance structures across the three lines of defense, process and enterprise level RACIs)
* Procurement / supply chain process assessment and design (and other third- party engagement processes not typically within procurement remit, e.g. distributor relationships)
* Third party assessment experience, including things such as compliance inspections, IRQ, current state assessments, and other
* Third Party Risk Management tools and technology solutions (e.g. GRC enablement solutions, etc.)
* Third Party Risk Management market utilities (e.g. community models)
* Software compliance, entitlement models (perpetual, term, SaaS), install / usage discovery and metering, and license optimization across multiple software vendors
* Ability to travel up to 25% on average, based on the work you do and the industries/clients you serve
* Must be legally authorized to work in the United States without the need for employer sponsorship, now or at any time in the future
Preferred:
* Proficiency in ERM frameworks and robust knowledge of the financial, operational, and strategic impacts of climate-related risks
* Robust knowledge of existing and emerging regulatory requirements for climate risk, guidelines, and recommendations applicable to different types of firms and business models
* Robust knowledge of leading practices around climate risk modeling methodologies for various risk domains and regulatory applications
* Strong technical competence in deploying tools or in using methodologies/approaches to assess climate risks (e.g., climate risk scenario analysis)
* Experience with other environmental, social, and governance risk management topics
* Experience incorporating climate considerations into business functions (e.g. modeling, stress testing, etc.)