Manager - Climate and ESG Risk Management at I&M Bank

PURPOSE:

The role holder will be responsible for embedding ESG and climate-related risks into the Group’s overall Enterprise Risks Management to ensure sustainability of the business.

PRIMARY RESPONSIBILITIES:

Environment, Social and Governance (ESG)

Support implementation and integration ESG risk management in the Group’s overall Enterprise Risks Management (ERM) and Corporate Strategy

• Ensure that the Group’s ESG policy, strategy, and procedures aligns with national and international standards and best practice
• Develop a program for capacity building on ESG and climate risk for the Staff and the Board across the Group, through e-learning modules, workshops, etc
• Support management/risk owners to align their activities with the Group’s ESG ambitions
• Develop proposals to guide the Group in aligning to Global organization(s)/groups to give assurance and showcase its ESG ambitions e.g., the UN Global Compact

Organize and Coordinate ESG relevant workshops & meetings

• Organize and coordinate ESG champions and risks owners for all relevant business units across the group
• Support management/risk owners to come up with strategies and KPIs that are relevant to the Group’s ESG ambitions
• Support in embedding of all new ESG relevant initiatives across the group
• Develop tools to support ESG risks champions to monitor & report their performance.
• To identify, and support relevant thematic actions enhance stakeholder awareness of the Group’s ESG actions.
• Attend Sustainability Webinars, and Conferences on behalf of the Group

Research and development

• Develop the framework and capabilities that drive risk management oversight across ESG related topics. This includes technical expertise on key issues related to environmental and social impact assessment and on sustainability risks, the Bank’s ESG Policies, NSE ESG disclosure guidelines as well as industry and global best practices.

Regulatory Compliance

• Develop & review of policies and procedures that supports the Group’s ESG ambition
• Standardization of ESG relevant policies across I&M Group
• Facilitate the development of shared initiatives across the Group to ensure compliance with policies and standards of operation (SOP).
• Reviewing ESG procedures/processes to identify areas of potential improvement or weakness in risk management controls

Management Reporting

• Create senior management reports and summaries presenting metrics and dashboards to highlight key ESG risk issues, trends, and potential impacts. Ensure reports adhere to requirements of the ESG policy. Key reports are Monthly to the Risk committee (RISCKO) and quarterly to the Board Risk Committee (BRC) and Board Audit and Risk Committee (BARC).
• Coordinate Group’s Sustainability reporting and publishing
• Monitoring resolution of all associated ESG initiatives

 Governance & Management of Climate-Related Risks

• Support the Bank to set up climate-related financial risk appetite and getting assurance on the effective management and control of the risks.
• Support cultivation of risk culture that embeds climate-related aspects in decision making processes and business operations.
• Create awareness on climate-related risks and opportunities and how they impact various business lines.

Development of climate-related risks and opportunities strategy

• Support design business strategy and its implementation to reflect climate-related risks, for example by setting and monitoring key performance indicators (KPIs) that are cascaded down to operational business areas.
• Scan the business environment (Internal & External) with respect to climate-related issues in the short, medium, and long-term and determine the impact on the various business lines
• Determine specific climate-related risks and their impact on The Bank ’s business strategy through deployment of appropriate metrics and yardsticks.
• Engage key stakeholders with view of enabling The Bank to better understand the key concerns and expectations of the stakeholders, and conversely inform them about how The Bank is positioning itself in the light of climate-related risks and opportunities
• Consider climate-related risks over different time horizons (Short, medium & long terms)

Climate-related risks identification, control, management & mitigation.

• Conduct comprehensive assessments of risks posed by climate change, whether quantifiable or non-quantifiable, and the overall impacts on the Bank through its traditional risks categories.
• Identify material climate-related risks at portfolio, counterparty, and where relevant at transactional level. Assess relevant financial implications over short and long-term horizons. Assessment of climate-related risks to take place during client on-boarding, credit initiation, credit evaluation, review investment decisions.
• Develop risks reports that contain the impacts of climate-related and environmental risks on The Bank ’s Business model, strategy, and risk profile.
• Consider a range of quantitative and qualitative tools and matrixes to support monitoring and give early warning signals for necessary actions
• Adopt and consider appropriate measures to safeguard business continuity in instances of extreme weather events that may disrupt Group’s owned facilities, operations, and outsourced services.

Reporting on climate-related risks information

• Create senior management reports and summaries presenting metrics and dashboards to highlight key climate risk issues, trends, and potential impacts. Ensure reports adhere to requirements of the Climate-Risks related strategy. Key reports are Monthly to the Risk committee (RISCKO) and quarterly to the Board Risk Committee (BRC) and Board Audit and Risk Committee (BARC).
• Coordinate Group’s Sustainability reporting and publishing
• Monitoring resolution of all associated climate-related initiatives

PERSON SPECIFICATIONS

Academic Qualifications

• Bachelor’s degree plus Professional qualification

Professional Qualifications

• Minimum of four to six years’ supervisory and 1 to three years' experience in a Climate and ESG Risk Management function;
• Excellent communication and interpersonal skills.
• Ability to establish priorities, plan, coordinate, and monitor own work plan
• Strong negotiation skills; and
• Good understanding of relevant regulatory requirements, CBK Prudential, and Risk Management guidelines
• Good understanding of Banking internal policies and procedures as well as external regulations.
• High Level of Integrity