Climate and ESG Credit Risk and Policy Manager London, England
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About the job
Job summary
The principal role of the UK Export Finance (UKEF or the Department) is to support UK companies exporting to foreign markets by providing insurance, loans and guarantees against non-payment or non-performance by UK exporters and overseas buyers.
To perform its statutory function, UKEF must assume significant credit risks on behalf of UK exporters. Consequently, the financial success of the Department is crucially dependent upon sound credit risk assessment, particularly given the elevated default risks associated with emerging markets, and portfolio analysis.
The Risk Approval Division (RAD) is responsible for providing probability of default (PD) ratings and loss given default (LGD) assessments on all risks assumed by the Department. RAD is split into five main teams, economists focusing on country risk, a project finance team, a financial institutions team, a corporate, aero and trade finance team, and the Climate and ESG Risk team. This role will sit within the Climate and ESG Risk team.
Job description
UKEF recognises climate and ESG risk as potentially material risks for individual transactions and UKEF’s portfolio and UKEF is strengthening its climate risk management accordingly. This function sits within the Climate and ESG Risk team that works across the Risk Management Group (RMG) and reports to the Deputy CRO.
The RMG Climate and ESG Risk Team leads on the following areas:
- Climate and ESG Risk related portfolio analysis and stress testing
- Climate and ESG Risk related credit risk analysis
- Climate and ESG Risk management related reporting
- Implementation of the climate risk management related aspects of TCFD
- Related policy advisory and capacity building within RMG.
- Contributing to UKEF implementing TCFD recommendations.
The Climate and ESG (Environmental, Social, Governance) Credit Risk and Policy Manager is responsible for leading the development of processes, policies, and tools, and acting as subject matter expert in climate and ESG risk areas. The role also oversees the analysis of climate and ESG risks as part of UKEF’s credit risk analysis. The role will need to keep up to date with best practise in the subject area and collaborate with other teams in UKEF on climate and ESG matters, including portfolio analysis and stress testing. The role will be reporting to the Head of Climate and ESG Risk Team.
Person specification
Responsibilities will include but are not limited to:
- Act as a subject matter expert on all areas of Climate and ESG credit risk, keeping best informed of developing market trends and approaches.
- Ensure that best practice is adhered to and UKEF’s credit risk analysis approach, processes, policies, and templates are regularly reviewed and updated accordingly.
- Review transactions in collaboration with credit analysts with a focus on climate and ESG credit risks.
- Undertake complex analytical activities, including e.g., further integrating climate and ESG data into existing processes and developing Management Information reporting system (MIS).
- Support UKEF’s capability building regarding the subject area.
- Support the engagement with key internal and external stakeholders such as other Government departments and committees such UKEF’s Export Guarantee Advisory Committee, commercial banks, BoE’s CFRF, rating agencies, ECAs and other relevant market participants.
- Support RMG’s implementation of climate risk management related aspects of the Task Force for Climate Related Financial Disclosures (TCFD) and in future emerging legislation and regulation such as the Taskforce on Nature-related Financial Disclosures (TNFD).
This list is not exhaustive; you may be required to carry out additional duties according to business need.
Qualifications
Behaviours
We'll assess you against these behaviours during the selection process:
- Managing a Quality Service
- Seeing the Big Picture
- Making Effective Decisions
- Delivering at Pace
- Working Together
We only ask for evidence of these behaviours on your application form:
- Managing a Quality Service
Technical skills
We'll assess you against these technical skills during the selection process:
- A short presentation (this will be on a topic determined by UKEF and will need to be prepared in advance).
Benefits
- Learning and development tailored to your role
- An environment with flexible working options
- A culture encouraging inclusion and diversity
- A Civil Service pension with an average employer contribution of 27%
Things you need to know
Selection process details
To apply for this role please submit your application via Civil Service Jobs. You will need to complete an online application form.
In the job history section, you should include sufficient detail to enable to selection panel to understand your responsibilities and key achievements in each of the roles listed.
In the skills section ensure that you provide evidence on how you meet the essential criteria in the person specification set out in this information pack, including information on your qualifications.
We are assessing candidates using Success Profiles (see Appendix 1) and across the whole process we will assess your Experience, Ability, Technical aptitude and Behaviours as highlighted below.
You will be invited to complete the online application form. The application form must be completed by 23.55 on the day of the closing date for it to be accepted.
All applications will be sifted against our minimum selection criteria outlined in the personal specification.
You will be either asked in the relevant sections of the application form to provide examples of evidence against a range of the success profiles (refer to appendix 1). Where applicants are asked to apply with a personal statement, you should fully articulate in 750 words how you meet the essential criteria outlined in the person specification within the Information Pack
For the initial sift your application will be evaluated against:
- Experience
- Ability
- Technical
- Behaviours
In the event there is a large number of applications, there will be an initial sift on the following criteria:
- Behaviour – Managing a Quality Service – as evidenced in your 250-word behaviour statement
If you are successful following the sift stage, you will be invited to an initial interview; this will include the following assessment:
- Behaviours/Technical/Experience - a formal panel interview where you will be interviewed across all five behaviours highlighted and your technical ability to successfully carry out the role.
- Technical - a short exercise (this will be on a topic determined by UKEF and will need to be prepared in advance).
Details of interview panel members will be e-mailed to all successful candidates who are invited for interview.
To meet the National Security Vetting requirements for this role you will need to have resided in the UK for a minimum of 3 out of the past 5 years. If you do not meet this requirement, you would not be eligible for SC clearance and therefore not eligible to apply for this role.
Feedback will only be provided if you attend an interview or assessment.
Security
See our vetting charter (opens in a new window).
Nationality requirements
This job is broadly open to the following groups:
- UK nationals
- nationals of Commonwealth countries who have the right to work in the UK
- nationals of the Republic of Ireland
- nationals from the EU, EEA or Switzerland with settled or pre-settled status or who apply for either status by the deadline of the European Union Settlement Scheme (EUSS) (opens in a new window)
- relevant EU, EEA, Swiss or Turkish nationals working in the Civil Service
- relevant EU, EEA, Swiss or Turkish nationals who have built up the right to work in the Civil Service
- certain family members of the relevant EU, EEA, Swiss or Turkish nationals
Working for the Civil Service
We recruit by merit on the basis of fair and open competition, as outlined in the Civil Service Commission's recruitment principles (opens in a new window).
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