ERM is experiencing a rapid uptake in client demand for our services in climate-related financial risk assessment. As such, we are seeking to fill a variety of new positions in our climate risk team. Our team was the lead author of the ‘ground breaking’ approach for investors and corporates to assess climate financial risk – supporting the G20 Financial Stability Board and its Task Force on Climate-related Financial Disclosures (TCFD).
ERM is a leading global provider of climate risk, environmental, health, safety, social and sustainability services. Over the last four years, we have worked with more than half of the Global 500 companies. We have 4,500 professional staff working in a 160 offices in over 40 countries around the world.
Our Energy & Climate Change team is an active thought leader on the financial implications of climate change, supporting the G20 Financial Stability Board (FSB) and organisations around the world in their response to the low-carbon energy transition. Our work ranges from providing advice on climate-related strategy and policy, to supporting the implementation from board to asset level responses to climate change. We have a diverse client base: corporates, governments, financial and public institutions in the energy, technology and industrial sectors.
OVERALL JOB PURPOSE
The core focus of these new roles will be to support ERM’s development of a more financially-driven service offering in climate risk assessment and management, which will be crucial to build the case for organisations across the spectrum to respond sufficiently urgently to the challenges posed by climate change. As such, we are looking to enhance our financial analysis capability, both in relation to impacts of the low-carbon energy transition, driven by advances in technology, policy and market frameworks; and in relation to the impacts of physical climate change.
The new Senior/Principal Consultants will work within our multidisciplinary team providing support to ERM clients on a range of issues related to energy and climate change. Our role as consultant is to help our clients to achieve their sustainable development objectives, and to effectively manage the related business risks and opportunities.
ERM is seeking candidates who have outstanding credentials in one or more of the following areas:
- Strong track record across a breadth of the financial services sector, from the world’s largest banks, institutional investors to private equity
- Solid understanding of specific client needs (and value add) for assessing climate financial risk – both macro risk (e.g. financial stress testing) and micro risk (e.g. lending book risk assessment)
- Ideally experience in developing and running financial stress test models
Market & Macroeconomic Research
- Broad understanding of global energy (and energy-intensive) market and macroeconomic outlooks across a wide variety of data sources
- Strong capability to extract and interpolate macroeconomic financial drivers (across a variety of scenarios) for input into clients’ financial models
- Excellent analytical skills to support our clients in interpreting financial impacts from market shifts on their businesses, driven by low-carbon energy transition and physical climate change
- Solid understanding of the various approaches and commercial value add of scenario analysis at investor portfolio, corporate and asset-level
- Broad exposure to scenarios: low-carbon transition and physical climate change
- Robust credentials in working in a consulting setting to deliver scenario analysis
Physical Climate Change
- Solid understanding and experience of applying climate science, including major global and regional circulation models, ensemble model datasets such as CMIP5
- Experience of applying model results to inform assessment of the social and economic consequences of climate change, including the consequences for business organisations
- Experience of weather risk management and associated tools and management approaches.
OTHER REQUIREMENTS OF THE ROLE:
- Minimum 4 years of experience
- Enthusiasm, energy and a desire to work in a dynamic team within an international consultancy
- Motivated and willing to take the initiative to make things happen; quick to learn new skills and develop in new subject areas related to climate finance
- Strong ability to communicate effectively, through good report-writing skills and strong presentational skills
- Typically, a first class or upper second class degree in engineering, science, economics or business management (or equivalent)