Senior Climate Risk Analyst

At M&G our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years we have a long history of innovation in savings and investments combining asset management and insurance expertise to offer a wide range of solutions.

Our two distinct operating segments Asset Management and Life work together to provide access to balanced long-term investment and savings solutions.

Through telling it like it is owning it now and moving it forward together with care and integrity; we are creating an exceptional place to work for exceptional talent.

We will consider flexible working arrangements for any of our roles and offer workplace adjustments to ensure you have the support you need to succeed in your role.

The Role

This role sits within M&G Investments Stewardship & Sustainability team reporting to the Head of Climate Investment.

The Senior Climate Risk Analyst will  work closely with the Head of Climate Investment to develop and implement thefirmsclimaterisk integration with a focus on meeting the requirements of SS5/25.They willbe responsible for developing and owning key elements of M&G Investments Climate Risk Framework .

Key Responsibilities:

• Climate Risk Assessment Framework
  Develop and implement M&G Investments approach to assessing physical and transition risk exposure at individual issuer and asset level. Establish a consistent screeningmethodologyto classify assets by climate risk exposure across listed equity and corporate bonds with phased extension tootherasset classes.

• Key Risk Indicator Development & Delivery Definecalibrateandmaintainclimate-related KRIs aligned to the business wide
  
  Risk Appetite Statement. Develop methodologies linking bottom-up issuer assessments to risk thresholdslimitsand management-action triggers. Produce quarterly MI on risk indicators.

• Material Risk Assessment Monitor issuers that have a material impact on the climate risk profile of investment portfolios. Assess andmonitorsingle-issuer sectoral and geographic concentration risks arising from climate-related exposures.

• Scenario Analysis
  Develop and implement narrative and quantitative climate scenario analysis including short-term scenarios and contributions to central case scenario development. Assess impacts on individual issuersfundsand multi-asset allocations. Implement and embed the firms Principles for Climate Scenario Analysis across relevant work streams.

• Data Product Development & Reporting
  Support the development ofdata products to aggregate issuer-level climate risk assessments. Develop dashboards and reporting tools to surface climate risk metrics for internal and external stakeholders. Coordinate reporting of management information related to M&G Investments climate risk exposure and progress on its Climate Transition Plan.

• Stewardship & Engagement
  Work closely with the stewardship team to engage companies on the enhancement of their climate resilience and transition plans. Extend engagement scope to physical climate risks with priorities informed by material relationship assessments.

• Credit Rating Integration
  Strengthen the integration ofclimate risk into internal credit ratings and asset valuation methodologies.

• Regulatory & Client Support
  Support the firms compliance with PRA SS5/25 and contribute to ORSA Climate Transition Plan and UK Sustainability Reporting Standards deliverables. Contribute to client presentations due diligenceprocessesand thought leadership on climate risk.

Key Knowledge Skills & Experience

• A minimum of seven years experience within asset management or financial services incorporating climate risk analysis into investment processes and frameworks.

• PhD or Masters degree in climate science environmental science earth sciences atmospheric physics or a closely related quantitative discipline (PhD preferred).
• IMC CFA or CFA ESG qualification desirable.
• Additional qualifications in sustainability risk management or data science are advantageous
• Comprehensive understanding of climate science and the mechanisms by which it may impact the global economy
• Strong quantitative and analytical skills with demonstrated ability to analyse large and complex datasets to derive actionable insights for investment decision-making.
• Experience with climate scenario analysis methodologies including familiarity with NGFS scenarios integrated assessment models and short-term narrative scenario development.
• Understanding of PRA regulatory requirements for climate risk management (SS5/25 SS3/19) and…