Associate, Climate Risk

Job Posting Organization:
The European Bank for Reconstruction and Development (EBRD) is an international financial institution established in 199

• The EBRD's mission is to foster the transition towards open market-oriented economies and promote private and entrepreneurial initiative in countries committed to democratic principles. The bank operates in over 30 countries across Europe, Asia, and the Middle East, employing thousands of professionals dedicated to sustainable development and economic growth. The EBRD is known for its commitment to environmental sustainability, social responsibility, and fostering inclusive economic growth.

Job Overview:
The Associate in the Climate Risk team plays a crucial role in advancing the Bank's objectives related to climate risk management. This position requires the application of prior experience to enhance the development of internal databases, data structures, and procedural frameworks. The Associate will be responsible for refining climate risk methodologies, drafting policy-related content, and participating in climate scenario analysis and stress testing activities. The role demands a strong foundational knowledge and the ability to work independently on routine and moderately complex tasks, ensuring the team consistently meets its high-quality delivery objectives. The Associate will also prepare presentation materials for senior audiences, contributing to the overall strategic direction of the Bank regarding climate-related financial risks.

Duties and Responsibilities:
The Associate's duties include refining climate risk methodologies and frameworks, ensuring alignment with industry best practices and regulatory standards. They will define and implement governance structures for climate-related financial risk assessments, oversee the integration of climate risk considerations across various processes, and deliver scenario analysis and climate stress testing. The Associate will prepare climate-related financial disclosures, drive internal and external capacity building, and ensure the management of climate-relevant data. Specific responsibilities include contributing to the preparation of procedural and policy content, strengthening internal controls, providing informed input for financial risk assessments, engaging with stakeholders, and developing communication materials for senior audiences. The role also involves project management, tracking timelines and risks, and delivering structured inputs to support project goals.

Required Qualifications:
Candidates must possess a degree in Finance, Economics, Environmental Science, Sustainability, or a related field. Relevant working experience in financial risk assessments and the ability to interpret climate impacts on financial risk is essential. A working knowledge of sustainability risk approaches and international frameworks such as TCFD, ISSB, and CSRD is required. Proficiency in analytical and quantitative skills, particularly in Excel, and experience with data tools like SQL or Python are necessary. Strong writing and communication skills aligned with executive expectations are crucial, along with the ability to draft policies and methodologies independently. Candidates should demonstrate strong interpersonal skills and familiarity with international climate policy developments.

Educational Background:
A degree in Finance, Economics, Environmental Science, Sustainability, or a related field is required. Candidates with equivalent experience in relevant areas may also be considered. The educational background should include a focus on financial risk assessments and sustainability-related topics, providing a solid foundation for understanding the complexities of climate risk in financial contexts.

Experience:
Candidates should have relevant working experience in financial risk assessments, particularly in relation to climate risk. Experience in interrogating financial models and assessing climate-related risks affecting cash flow and covenant performance is essential. Familiarity with climate scenario analysis frameworks and the ability to contribute to the drafting of policies and methodologies are also important. The role requires a strong sense of ownership and accountability, with the ability to manage multiple priorities in a fast-paced environment.

Languages:
Proficiency in English is mandatory, as the role requires strong communication skills for drafting and presenting materials. Knowledge of additional languages may be beneficial but is not explicitly required for this position.

Additional Notes:
This position is a regular contract role with a contract length that is not specified. The EBRD promotes a hybrid workplace model, offering flexibility to employees. The organization values diversity and encourages applications from all qualified candidates, regardless of background. The EBRD provides a comprehensive suite of competitive benefits and prioritizes employee wellbeing.