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Analyst position in Risk, Climate – Enterprise Risk Management in Salt Lake City.
Focus on climate-related risk assessment and regulatory compliance within the banking sector.
Title: Risk, Climate - Enterprise Risk, Analyst, Salt Lake City
Location: Salt Lake City, UT, United States
Team: Enterprise Risk Management – Climate Risk
Level: Analyst
Location: Salt Lake City
Divisional Overview
The Risk division identifies, monitors, assesses, and manages financial and non-financial risks in support of the firm’s appetite and strategic plan as well as the risk of expected and unexpected events that may have an adverse impact on the firm. Risk teams play a critical function for the firm, driving how risk is taken and managed. Risk professionals execute critical day-to-day risk management activities, operating in a fast paced and dynamic environment and utilizing best-in-class risk tools and frameworks. Risk teams are analytically curious, have an aptitude for challenge, and an unwavering commitment to excellence. Effective coordination with executive management, business units, control departments and technology is critical for success.
The Enterprise Risk Management (ER) department manages a range of pan-Risk capabilities to ensure that Risk and divisional leadership have a comprehensive and aggregate view of the firm’s risk profile, inclusive of both financial and non-financial risks, in a way that facilitates strategic planning and risk decision making. ER oversees the evaluation and planning of new business initiatives, management of evolving or emerging risks, governance of the division’s frameworks, processes, and capabilities, as well as regional and legal entity governance.
Job Summary
The Climate Risk team leads the firm’s strategy and framework for monitoring, assessing, and managing climate-related and environmental risks. This includes evaluating the firm’s exposure to both physical and transition risks through its balance sheet positions and determining the potential impact to firmwide operations. Climate Risk professionals execute critical day-to-day risk management activities, lead projects, and contribute to the ongoing advancement of a robust climate and environmental (“C&E”) risk management program.
The team interacts closely with all areas of Risk, as well as with various groups across the firm including Executive Office, Controllers, Global Banking & Markets, Asset and Wealth Management and Risk Engineering.
RESPONSIBILITIES
- Support day to day responsibilities and strategic priorities of the Climate Risk program
- Prepare regulatory submissions as part of the ongoing supervision process, regulatory examinations and other regulatory deliverables
- Monitor the changing regulatory landscape including reviewing, interpreting and providing guidance to help shape the further development of the Climate program
- Support implementation of C&E considerations into 1LoD and 2LoD processes
- Contribute to the design of the Risk Appetite Statement framework, including calibrating limits and monitoring utilization reports
- Partner with quant team to understand use of climate risk models and scenario capabilities to inform views of portfolio risks
- Manage internal risk frameworks and processes including risk identification
- Contribute to Risk Committee and Board Risk Committee materials, regulatory submissions, and external disclosures
- Maintain relationships with key stakeholders across Sustainable Finance Group, Controllers, Office of Government and Regulatory Affairs and Legal
SKILLS & EXPERIENCE
Bachelor's degree
1-3 years in the Financial Services / Banking industry or experience in the ESG and sustainability space
Interest or background in sustainability and climate-related risk
Exceptional verbal, written, and interpersonal communication skills
Strong analytical skills with high attention to detail and accuracy
Strong organizational skills and ability to manage multiple assignments concurrently
High proficiency in Excel and PowerPoint required