Story Behind the Need:

• Business group Business GRM ESG Risk -Desing and implement the Environmental, Social and Governance (ESG) program.
• EU ESG Regulations Project: Work with central project team to create high level roadmap, interpretation of specific EU regulations and development of risk methodologies.

Candidate Value Proposition:

• This candidate has the opportunity to not only work with a top 5 Canadian bank
• We have an inclusive and collaborative working environment that encourages creativity and curiosity and celebrates success!
• We provide you with the tools and technology needed to create meaningful customer experiences
• You’ll get to work with and learn from diverse industry leaders, who have hailed from top technology companies around the world
• We hire you for your talent not just a job so you can grow with us. We’ll equip you for success not only in your role, but also in your career as a whole

Daily responsibilities:

• Pillar III ESG Disclosures: EU requirements:
o Work with central project team to create high level roadmap and potential stakeholders.
o Summarize risk-owned disclosure requirements and communicate/raise awareness stakeholders (coordinate with Project team)
o Understand all the quantitative reporting requirements and facilitate agreement on interpretations (e.g., do we understand what is being asked). Present interpretations to EU Project Team for concurrence/approval
o Investigate data sources for quantitative requirements in templates 1-10 (quantitative requirements). Identify potential sources for any data gaps (include lack of reliable sources of data)
o Deep dive into requirements of EU Taxonomy (relates to GAR disclosure requirements)
o Determine what EU Paris-aligned Benchmarks in accordance with Article 12(1) points (d) to (g) and Article 12(2) of Regulation (EU) 2020/1818 are
o Mapping of bank internal sector classification (BR codes, SIC, NAICS) to EU reporting sectors (e.g., NACE)
o Work with CIDA on mapping emissions to EU reporting sectors based on above
o Research GAR (Green Asset Ratio) calculation and develop methodology
o Research BTAR (Banking book Taxonomy Alignment Ratio) calculation and develop methodology
• CSRD: Corporate Sustainability Reporting Directive:
o Work with central project team on to create high level roadmap and potential stakeholders.
o Summarize disclosure requirements and communicate/raise awareness stakeholders (coordinate with Project team)
o Understand risk-owned the quantitative reporting requirements and facilitate agreement on interpretations (e.g., do we understand what is being asked). Present interpretations to EU Project Team for concurrence/approval
o Determine what CSRD components are extraterritorial requirements and for which bank would be in scope.
o Research EU taxonomy definitions for climate adaptation actions and climate mitigation actions
o Investigate data sources for quantitative requirements in templates 1-10. Identify potential sources for any data gaps (include lack of reliable sources of data)
o Mapping of bank internal sector classification used in financial statements to EU reporting sectors (e.g., NACE)
o Investigate EU sector level physical and transition risk ratings to be able to compare with bank heatmap

Must have:

• 10+ years of experience working as Business analyst in the financial industry
• 5+ years of experience interpretating regulatory requirements
• 5+ years of experience conducting gap analysis vs regulatory requirements
• 5+ years of working knowledge of banking book (i..e, lending) products

Nice to have:

• Experience in risk management, specifically credit risk would be an asset
• Familiarity ESG/Climate regulation specifically with EU regulation and EU green taxonomy

Soft skill:

• Ability to analyze complex situations and problems and do the necessary research using multiple sources of information to arrive at innovative solutions
• Ability to work as part of a team, as well as work independently or with minimal direction
• Good time management and organizational skills to effectively manage high-scale project
• Integrity, high attention to detail, thoroughness and accuracy are critical to ensure quality outputs.
• Solid organizational and time management skills to manage competing activities within short time frames.
• The incumbent requires self-initiative, resourcefulness and strong organizational ability to manage a diverse range of projects.
• Master of identifying and solving ambiguous problems to drive customer and business value
• Excellent organizational and analytical skills with strong attention to detail
• Great verbal and written communication skills, with the ability to engage and influence stakeholders at different levels in the organizations
• Ability to build trusted relationships, instill confidence and influence stakeholders

Education and Certifications:

• Business related degrees
• Sustainability related qualification is considered an asset

Best vs. Average Candidate:

• The ideal candidate will possess experience in Environmental, Social, and Governance (ESG) and climate regulation, with a particular focus on European Union (EU) regulations and the EU Green Taxonomy.
• This individual should demonstrate a proactive approach, capable of taking the initiative and leading projects to successful completion.
• They must be self-sufficient, able to work independently without supervision, and exhibit strong project management skills to ensure timely delivery of all tasks.
• Additionally, the candidate should have a proven track record of driving projects forward, meeting deadlines, and achieving set objectives.

Interview:

• 2 rounds:
o 1 round – -60 minutes – Virtual (Technical & situational questions) with Hiring Manager & Director Climate Risk Oversight
o Team will be assessing both soft skills and technical skills
o 2 round – 30 mins – Virtual –validating the first interview and narrowing down in case there are multiple candidates. Behavioural questions with Hiring manager, and Director Risk Management in Europe