Climate Risk Central Team

Climate Risk Central Team London, England

Morgan Stanley
Full Time London, England 10.56 - 12.04 GBP Today
Job description

Climate Risk Central Team

Job Number:

3228221

POSTING DATE: Jan 5, 2023
PRIMARY LOCATION: Europe, Middle East, Africa-United Kingdom-United Kingdom-London
EDUCATION LEVEL: Bachelor's Degree
JOB: Risk COO
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Vice President

DESCRIPTION

Climate Risk Central Team – Vice President London
3228221

Firm Risk Management (FRM) supports Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns, acting as a strategic advisor to the Board and protecting the Firm from exposure to losses as a result of credit, market, liquidity, operational, model and other risks.

The role will reside within the EMEA Climate Risk Central (CRC). The CRC team identifies, monitors and manages Climate Risk of the EMEA portfolio based on the established Climate Risk Management framework. The team is responsible for monitoring regulatory requirements from the European Central Bank and the Bank of England, as well as ensuring the timely implementation of new regulations. The CRC team coordinates the implementation of the Climate Risk frameworks across Risk Management teams providing expertise on Climate Change. The CRC team also coordinates climate stress testing including internal and regulatory scenarios.

About Morgan Stanley
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services.

As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence, and strong team ethic. We can provide a superior foundation for building a professional career – a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

What will you be doing?

    Play a central role in organising the cross divisional response to EMEA regulatory requirements around managing the financial risks from Climate Change, including the maintenance of and updates to the central plan and overseeing execution of that plan to deadline

    Draft and develop governance materials and risk framework documentation

    Apply understanding of the impact of climate risk on economies and corporations to risk management via contributing to the enhancement of rating methodologies and portfolio and sector risk management (including limit reporting)

    Liaise with stakeholders across risk disciplines to support the implementation of Climate and Environmental Risk frameworks

    Contribute to the enhancement of climate-focused physical and transition scenarios for stress testing

    Develop expertise in the following areas: the drivers of Climate Change including how it affects economies and corporations, governmental and regulatory responses to Climate Change and emerging thought over how to measure and manage Climate Risk from a financial loss perspective

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QUALIFICATIONS

What we’re looking for:

    Profound interest in developing fundamental understanding of Climate Change and its implications for risk management

    Experience in risk management, preferably in credit risk

    Experience in development of governance materials

    Experience with technical models / rating models / stress testing
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Skills that will help you in the role:

    The ability to effectively communicate with a wide range of stakeholders, both written and verbally

    An interest in working in a fast-paced environment, often balancing multiple high priority deliverables

    Confidence to take ideas forward and to challenge others, where appropriate, with experience in management by influence, facilitating and gaining consensus

    The ability to work independently in a self-directed way in a collaborative, team-oriented environment


Flexible work statement:
Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.

Internal Applicants:
Internal mobility can be a way to grow your career and realize your professional potential. Typically, you must be in your position for at least 18 months and performing satisfactorily before applying for another job at the Firm. Internal applicants can find out more regarding career navigation, mobility guidelines and policy on our employee portal by clicking here.

Equal opportunities statement:

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.

Climate Risk Central Team
Morgan Stanley

www.morganstanley.com
New York, United States
James P. Gorman
$10+ billion (USD)
10000+ Employees
Company - Public
Investment & Asset Management
Finance
1935
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