AVP - ESG Risks Management (Mashreq Global Network Pakistan)

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Mashreq

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Karachi, Pakistan

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Job Purpose

Under the Global head of ESG Risks, Incumbent is expected to coordinate the second line responsibilities of ESG Risks related Policies, Physical & Transition Risk Assessment, Measurement, Mitigation while maintaining regulatory compliance against ESG & Climate risk related regulations across Mashreq Network. Incumbent is also expected to lead change management initiatives around ESG and Climate Risks related evolution on a global basis.

Key Result Areas

  • Supporting Mashreq’s Net zero commitment and transition planning journey by enhancing maturity of ESG Risks related second line responsibilities.
  • Embedding climate risk and sustainability aspects into credit underwriting journey via policy enhancements to sustainable finance credit policy. Enablement of climate risk identification, assessment, measurement and mitigation across the risk management policies and frameworks.
  • Development and maintenance of green & sustainable finance transactions framework aligned with regulatory guidelines and best practices like LMA principles while supporting a robust control environment around greenwashing risks.
  • Development and maintenance of climate risk appetite related qualitative and quantitative metrics, concepts and coordinate the governance of these via group wise risk appetite statement.
  • Providing qualitative and quantitative risk management inputs towards ESG and Sustainability related disclosures like GRI, ESG Reporting, ISSB etc.
  • Change management for ESG & climate risk related initiatives and automation projects in coordination with ESG team, One Data & Technology, External consultants and other stakeholders across three lines of defense.
  • Supporting the internal & external capacity building initiatives via training and awareness program around ESG & climate risk.
  • Coordination & conduct of gap analysis, roadmaps and remediation plans for various ESG & climate risk related regulatory guidelines and associated regulatory submissions.

Operating Environment, Framework and Boundaries, Working Relationships

Regular interaction and working relationship with

  • Within risk management group
  • ESG & Sustainable finance team
  • Credit Management Group
  • First line functions
  • Auditors, Regulators and External Consultants

Problem Solving

  • Strong climate risk skills in interpretation of Central Bank Principles, Guidelines, Drafts and Regulations on Climate related financial risk.
  • Sound understanding of physical and transition risk related measurements and portfolio management, impact on complex financial assets and products origination and onboarding.
  • Ability to engage diverse stakeholders across different locations and cultures from different geographies across the Mashreq Group
  • Quantitative aptitude, well versed with reporting visualization tools like Power BI
  • Proactive and hands-on in solving complex Climate Risk & credit issues from complex financial assets.
  • Ability to navigate and work in complex, multicultural and distributed work force environment.

Decision Making Authority & Responsibility

  • Custodian of climate risk related policies of the bank which may have potential impact on business strategy, assets growth and associated capital requirements.
  • Day-to-day decisions will involve regulatory submissions, risk appetite, stakeholder and team management.

Knowledge, Skills and Experience

  • Graduate in Banking / Economic/ Financial discipline. Professional risk management certifications related to climate risk or ESG like CFA/SCR/FRM/GRI is a must.
  • Three to five years of experience in ESG, Climate Risk, Sustainability discipline from a complex multinational financial institution is a must. Familiarity and experience of risk management concepts of IFRS 9, RWA, ECL, Risk Appetite, Stress Testing, ICAAP etc. is must.
  • Strong analytical skills focused on assessing ESG risks for a financial institution from underwriting, assessing, measurement & mitigation.
  • Hands-on experience with Climate risk related tools like MSCI, PAT etc. will be preferred.
  • Familiarity with sustainability reporting frameworks (e.g. GRI, TCFD, ISSB, IFRS S2) and the ability to develop frameworks and policies based on regulatory requirements.
  • Excellent verbal and written communication skills, adept at collaborating with diverse stakeholders across business, risk, and support functions in dynamic, multicultural environments. Arabic language will be a plus.
  • Well-organized and capable of managing multiple priorities while staying informed on the latest climate science, technology, policy developments across regional/global climate trends.