Environmental Risk Head

A GLIMPSE ABOUT CRÉDIT AGRICOLE EGYPT: Crédit Agricole Egypt Since its launch in 2006, Crédit Agricole Egypt has succeeded to become a strong player on the economic scene, positioning itself as the Reference European Bank in Egypt. Aiming to become a leading innovation-driven sustainable bank, Crédit Agricole Egypt is committed to bring its international expertise to the local market to serve its clients and drive the sustainable development in line with Egypt’s national priorities. With a universal customer-focused model, Crédit Agricole Egypt is “a whole bank just for you” serving the entire spectrum of customers: individuals, SMEs, enterprises, Corporate and public sector. Prioritizing its customers’ best interests, Crédit Agricole Egypt presents an extensive range of services, tailored financial solutions and the sound advice, to accompany its clients in their walk of life. Awarded most innovative bank in Egypt, convenience and distinguished customer experience is Crédit Agricole Egypt’s endeavor to attain its customers’ satisfaction throughout its nationwide network of branches and its state-of-the-art fully-fledged platform of digital services. Furthermore, Crédit Agricole Egypt is in line with the world’s digital transformation, encouraging and implementing an innovative environment to exceed its customers’ expectations. In addition, for being an active contributor to the local economy, the bank is committed to support the development of the Egyptian community and the respect of the environment. Duties & Responsibilities: Perform horizon scanning, analyze and understand for ESG and climate risks regulatory & CA Group requirements and ensure coordination with the relevant stakeholders across the bank for the assessment of any new requirements by defining best practices. Utilize data-driven research and analysis to identify, assess, and quantify the financial risks associated with environmental and climate change, including physical and transition risks. Maintain/Update registry in relation to the bank actual activity in response to the CBE and the Group requirements with respect Climate Risk as well as Environmental and Social Risk Management frameworks. Support the embedment of Environmental and climate risk in business planning and strategy by development of the needed plans to realize the bank and the Group’s aspiration and strategies in relation to environmental and climate risk management. Proactively identify all material climate, environmental and social risks across CAE’s operations using the approved risk identification methodology, following a top-down approach and considering risk causal factors, the likelihood of occurrence, impact, control activities, and effectiveness of controls. Maintain, update, and ensure the implementation of policies and procedures in relation to Climate, Environmental and Social Risk management frameworks. Support the implementation of ESG and Climate risk capacity building for relevant through development and deliver ESG and Climate risk training programs for internal teams ensuring strong awareness, compliance, and effective implementation of ESG and Climate risk management practices. Collaborate with Risk Departments to integrate Environmental and climate risks into the bank's overall risk management framework, including integration into credit, liquidity, operational and market risk, etc. Support CAE’s departments to develop and update risk policies in alignment with CA Group NPs and regulatory frameworks for managing Environmental, Social and Climate Risks. Collaborate with risk departments to ensure Environmental and climate-related risk management strategies are effective and up-to-date. Coordinate the ESG and climate risk plan implementation and track the deliverables to completion. Development of environmental and climate risk materiality matrix and development of environmental and climate-related risk appetites including RAS, risk indicators and Ensure that appropriate and/or adequate controls are always in place to effectively manage CAE’s climate, environmental and social risks to ensure they are within acceptable risk appetite. Coordinate risk management reviews for the Climate, Environmental and Social Risk Management i.e. ensure that all CA Group and regulatory requirements are timely and accurately provided. Ensure that all climate, environmental and social risk management raised by Group IGL & internal audit recommendations are resolved within agreed timelines. Prepare timely, comprehensive, and reliable ESG & Climate embedment progress reports to senior management and the Board committees on a monthly, quarterly, and ad-hoc basis. Such reports shall be reviewed and signed off by the CRO/DCRO. Cooperate with relevant stakeholders in IT, business lines, sustainability, risk and strategy divisions to develop and implement environmental and climate risk data governance strategy. Ensure the integration of climate data with existing financial and risk data systems. Serve as the Secretariat of the Bank’s CERES Committee, Prepare the CERES Committee minutes of meetings and ensure their timely delivery to Committee Members and CRC committee. Provide ESG & Climate risk opinions related to the launch of a new products or activities to NAP committee upon request. Conduct Environmental and Social Risk Management due diligence including climate risk assessment and screening for transactions proposed for financing in line with CAE policies, CA Group E&S Guidelines as well as other leading practice standards like, the EBRD/IFC Standards, World Bank Group Environmental, Health, and Safety Guidelines, Equator Principles, etc. Review and validate transaction documentation in line with the Bank’s ESG risk management due diligence Questionnaire. Prepare due diligence reports on climate, environmental and social risk management and validate the categorization of transactions in line with the Bank’s ESRM policy and CA Group guidelines Review and opine on environmental and social risk due diligence reports submitted by the Bank’s technical consultants for projects/transactions proposed for financing according to CBE regulation. Integrating ESG Risk analysis to CERES committee for sensitive credit files from ESG perspectives, act as a coordinator with other stakeholders: LOB, Sustainability & sustainable finance & Compliance. Provide oversight of Environmental and Social risk management covenants, undertakings, or Environmental and Social Action Plans (ESAPs) for transactions financed by the Bank. Partner with relevant CAE’s functions, e.g. sustainability for the preparation of CAE’s Sustainability Report and other environmental and climate-related risk reporting and disclosures requested by regulators and CA Group Cooperate in developing models to test the Climate Risk scenarios and perform climate change scenario, anticipate the affected sectors; Support the expansion of the current climate modelling capabilities. Drive continuous improvement in climate-related financial risk modelling methodologies and processes. Foster a culture of innovation and excellence for the environmental and climate Risks, within Risk departments. Represent the risk division in ESG and climate-related events such as the Bank’s participation in conferences, and meetings held by regulators, CA group, etc. Engage with external stakeholders, including regulators, investors, and industry groups, on ESG and climate risk issues. Qualifications : Bachelor’s degree and Master’s degree in Environmental Sciences, Engineering, Economics/Sustainable Development, Environmental Management, or Environmental Policy from a recognized University A professional qualification or certification in environmental and social risk management, sustainable finance, climate finance, banking, or other relevant fields is preferred. At least 10 years of professional experience in sustainability, Environmental Consultancy, or relevant industry. Applied knowledge of climate, environmental and risk management standards and frameworks Ability to function in a change-oriented setting with good knowledge of ESG and risk management practices in Egypt as well as globally. Business and product knowledge, including an understanding of financial processes to be able to determine their impacts on ESG risks and controls In-depth knowledge of climate risk factors, financial markets, and regulatory requirements.