Avp, Esg Risks
Abu Dhabi, United Arab Emirates
Job Description
First Abu Dhabi Bank (FAB) Al Qurm Business Park, Abu Dhabi, United Arab Emirates
Full-time
Division: Group Risk Management
Sub Division: Group ESG
Environment, Social and Governance (ESG) issues is no longer only a corporate social responsibility (CSR) and public relations issue, but a key driver in better business performance and stakeholder value. FAB wants to focus more on ESG going forward, as it is increasingly impacting our clients and represents risks for them, and hence for us. Parallel to implementing a new strategy on ESG and sustainability FAB needs a risk framework that mirrors this. FAB wants on the medium term to be a regional leader on ESG risk management, not only among peers, but among all companies. And to that order not only taking care of our own risks, but also providing guidance to our customers, and help them perform financially better and by that making the transition to a world, where ESG is material. It is a topic, that has an increasing amount of stakeholders, such as market participants, regulatory authorities, shareholders, expectation from customers and NGO’s involvement, and can create new revenue streams for FAB if we are successful .The role holder will a vital part in that process and be responsible for contributing to the ESG risk agenda, implementing and maintaining a portfolio ESG risk framework within the ERM framework. Generic Accountability
- Contribute to taking ESG risk management to the highest level in the MENA region
- Support the creation of ESG risk culture at FAB through the set up and deployment of internal trainings, reviewing all processes and ensuring ESG is accounted for in all areas deemed necessary and exploring further areas of opportunities in this space.
- Showcase strong ESG expertise, provide continuous guidance and timely counsel to FAB business units on concerns relating to customers, products and transactions.
- Develop, strengthen and manage relationships with FAB business units to promote best practice and awareness.
- Seamless collaboration with Group to implement framework whilst following all relevant policies, processes and standard operating procedures.
- Assist in building up new team.
- Operationalize a risk framework into the Groups business activities, including but not exhaustive.
- Identify, monitor and review ESG risks across all FAB channels (customers, products, transactions etc.)
- Continuous improvement of assessment methodology to minimize the risk of losses. Utilize established models and help develop new models to support the assessment methodology, capture the Risks and manage them in compliance with guidance and regulations as well as expectations from other market participants.
- Deep dive ESG due diligence provided to Group utilizing a Risk based approach
- Report ESG risk metrics to all relevant stakeholders (EXCO, Group Strategy, Investor Relations, Group Marketing, Corporate Governance).This data will eventually feed into the BSC and also help us define our risk appetite.
- Report ESG Intelligence to Senior Management and relevant stakeholders in FAB business units. This includes but is not limited to risk trends on sectors, FAB markets and countries, ESG mapping against FAB customers and a spotlight on issues, incidents and recurring concerns.
- Contribution to ESG external disclosure on risks to investors and external stakeholders.
- TCFD (Taskforce on Climate Financial Disclosures) scenario analytics and includes but is not limited to stress testing, alignment on ESG updates and their impact, information to be disclosed etc.
- Pillar 2 capital assessment contribution from ESG.
- Functions within the framework and boundaries of Group policies as well as overall organisational and governance frameworks.
- Authorised to take decisions as per the approved authorisation matrix.
Qualifications
Minimum Qualification
- Must have Bachelor’s degree but ideally a Master in Business Administration, Economics or any other relevant finance degree or diploma.
- Developed technical, analytical, collaboration, stakeholder management, presentation and communication skills.
- Demonstrated expertise in analyzing ESG risks and trends, and how they relate to other factors.
- Should possess a good understanding of risk management practices.
- Knowledgeable of how frameworks can be implemented within organizations.
- Understanding of society, government policies, laws, regulations and best practices in particular on ESG matters.
- Optimal at least 4-5 years’ experience working with ESG risks and risk management or analytics in a financial organization, large company, university or government body such as central bank, regulator etc.
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Job Detail
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Job IdJD1426100
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IndustryNot mentioned
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Total Positions1
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Job Type:Full Time
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Salary:Not mentioned
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Employment StatusPermanent
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Job LocationAbu Dhabi, United Arab Emirates
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EducationNot mentioned