Senior Climate Risk Experts

Project: EIB Greening Financial Systems Technical Assistance Programme (GFS TA)

The European Investment Bank is the European Union climate bank. The EIB has set ambitious targets to exceed 50% of its lending activity by 2025 supporting climate action and environmental sustainability, with a €1 trillion investment leverage. This investment is aligned with the Paris Agreement and the sustainable finance principles, addressing climate-related financial risks but also harnessing opportunities related to a greener future. EIB also recognises the need to strengthen climate resilience in vulnerable regions across the world, working with financial institutions and regulators. The introduction of climate action in the financial sector is critical in accelerating and building resilience in the deployment of climate investment.

The Greening Financial Systems Technical Assistance Programme (GFS TA) is an EIB flagship initiative focused in supporting regulators and financial intermediaries in creating an enabling environment to catalyse funding and integrating climate risk in the investment process. The GFS TA Programme is structured into two vertical components, offering advisory and tailored support to amplify climate action to central banks, regulators, and financial intermediaries.  Component 1 focuses in supporting central banks and financial supervisors in addressing climate risk and green financing. Component 2. Supporting financial institutions in scaling up green financing. A transversal component is aimed at improving green finance capacities, fostering knowledge sharing among FIs, central banks and regulators, as well as raising awareness. The GFS TA Programme is embedded in the EIB investment cycle, providing advisory and lending in ten focus countries in Africa and Eastern Europe. 

The GFS TA Programme is funded by the International Climate Initiative (IKI) Fund whose first contributor is the German Federal Ministry of Economic Affairs and Climate Action (“BMWK”). The Programme is implemented by the EIB, in close coordination with the NDC Partnership. 

Professional experience: technical knowledge

• An understanding of the international landscape of climate risk management, including the development of climate scenarios (NGFS), stress tests, as well as other climate risk methodologies, approaches and tools, such as ICAAP/ILAAP processes, as Probability of default (PD), Loss Given Default (LGD) Models. 
• Knowledge of the interactions between Central Bank regulations and the operations of financial institutions, especially with respect to reporting and compliance issues that emerge during periods of regulatory change and of off-site, on-site Supervisory Review and Evaluation Processes (SREP). Understanding lending risk enhancement products (guarantees, collateral) is an advantage. Having put in place Climate Stress Testing and climate scenarios in banking institutions is another desired asset. 
• Understanding of banking Risk management practices, financial markets, commercial bank operations and key elements of credit analysis, particularly with regard to Climate risk due diligence, physical and transition climate risks and climate finance. 
• Preliminary experience in analysing/implementing regulatory frameworks such as Basel III, guidelines from the Basel Committee on Banking  Supervision (BCBS) or guidelines about ESG disclosures from the European Banking Authority (EBA) or implementing technical standards from the European Union could be a very relevant complement in addition to previous requirements.
• Experience in working with one or more of the main Sustainable Finance risk management frameworks (IISB-IFRS, TCFD, ESRS, GRI), as well as the specific methodologies used by international financial institutions (IFIs).
• Awareness of initiatives that are relevant to the GFS Programme (NGFS, Sustainable and Banking Finance Network …) and the ability to reach representatives of those initiatives in the country* or at headquarters, for interviews and/or information requests 

*MENA region, West Africa

• Strong presentation, facilitation and report-writing skills.
• Sociocultural and intercultural skills
• Efficient partner- and client-oriented working methods
• Interdisciplinary thinking
• Proficiency with basic office applications, including MS Office, Teams. 
• Ability to work under pressure with tight deadlines, including the ability to integrate feedback from team members and stakeholders

• A master’s degree in Finance, business administration, sciences (Maths, Physics), environmental economics, climate change, economics, econometrics, international relations or other relevant advanced degree. 
• Preferably 10 years, at least 7 years of experience in serving the financial and/or environmental sectors, with proven experience in climate, credit and market risk management, development and use of climate risk tools, reporting and standards, as well as environmental, social and governance (ESG) best practices. 
• Language skills: Demonstrated excellent command of spoken and written French and English (C2-level in the Common European Framework of Reference for Languages)