Associate Director - Climate risk

Crisil is seeking an Associate Director - Climate Risk in Gurugram/Mumbai. The role involves developing frameworks for the BFSI sector to assess climate risks, conducting scenario analysis, and engaging with clients and regulators. Candidates should have 6-14 years of experience in credit risk and financial modeling, particularly in climate risk. Strong analytical, communication, and problem-solving skills are essential. The position requires travel to client sites as needed.
Role: Senior Consultant/ Manager/ AD – Climate Risk

Location: Gurugram / Mumbai

The recruit will be a key member of our climate risk team, developing frameworks and intellectual property, and providing advisory services in the Climate Risk domain. Our framework will empower BFSI sector entities to assess climate-related risks and opportunities within their portfolios, enabling them to make informed lending and investment decisions. Candidates with a background in consulting would be preferred for the position.

Job Requirements

The candidate should be well versed with the Climate risk space with demonstrated experience of working with clients in order to facilitate business decisions.
• Developing and maintaining financial models that incorporate climate risk, using industry KPIs, climate-related data.
• Develop and maintain industry-level climate transition risk models. Analyse potential financial and operational impacts of climate-related transition risks across industries.
• Understand modelling and scenarios such as RCPs, SSPs and NGFS scenarios. Conduct scenario analysis to evaluate the effects of different transition pathways on operations, revenue, and asset valuations.
• Understanding of climate physical risk hazards such as flood, cyclone, drought, wildfire, extreme temperature etc.
• Understanding PCAF financed emission calculations to help banks quantify their Scope 3 emissions
• Monitor latest regulatory updates and advancements in the climate sector.
• Participation in seminars/conferences and writing articles etc. to showcase thought leadership on industry trends, policy developments, and emerging technologies related to climate change and the low-carbon transition
• Engage with regulators and partners for creating value and alignment with strategic goals.
• Ability to deliver high impact presentations to clients and internal committees.
• Develop proposals and support in business development activities.
• Travel to client sites as per need and requirement.

Experience

At least 6-14 years of Credit risk and financial modelling experience including 1-4 years of experience in climate risk, sustainability or ESG space.

Skills
• Strong financial analysis capabilities
• Ability to conduct in-depth industry research
• Proficiency in building end-to-end financial models in Excel
• Excellent report-writing skills
• Knowledge of TCFD (now ISSB), NGFS, and PCAF
• Experience with statistical models in industry research (Added advantage)
• Effective client communication skills
• Proactive, flexible, and creative approach to problem-solving
• Result-driven, responsible, curious, and team-oriented mindset
• Ability to understand the big picture and adapt to a fast-paced environment
• Proficiency in MS Excel, Word, and PowerPoint
• We are an equal opportunity employer and are committed to creating a diverse environment.