Environmental and Social Risk Management - Vice President
Citi
The Environmental and Social Risk Management (ESRM) Vice President role for UK/EU is part of Citi’s Global Environmental and Social Risk Management team which sits within Citi’s Sustainability & ESG (Environmental, Social and Governance) team. The ESRM team works with banking and risk partners globally to review client activities in industries and transactions with potential environmental and/or social risks, such as oil and gas, mining, power, infrastructure, transportation, and agribusiness and implements the Citi Environmental and Social Risk Policy Framework.
The Vice President role will be based in the Citi London office and will report to the Global Head of ESRM in Citi headquarters in New York.
The role’s key responsibility will be reviewing transactions covered by the Citi ESRM Policy for European clients as well as European export credit agency transactions. As a member of the global ESRM team, the VP will gain exposure to Citi’s global footprint and support other clients and transactions globally as needed, and may involve occasional international travel to project sites where environmental and social due diligence or monitoring is occurring. The position will also work closely with Citi’s London-based Director of Sustainability for UK, Europe, Middle East & Africa in responding to regulatory inquiries regarding emerging regional expectations with regards to greenwashing, ESG and other environmental and social risk management factors.
ESRM works within Citi’s Sustainability & ESG team, which is responsible for the development and execution of Citi’s Sustainable Progress Strategy, Net Zero Plan and related key initiatives. The Sustainability & ESG team manages environmental, climate change, human rights and other stakeholder and business issues in partnership with Citi's businesses, risk functions and operational teams.
What you'll do:
Reviews proposed financing transactions in a variety of sectors (for example metals and mining, oil and gas, forestry, agribusiness, power etc. ) for potential environmental and social risks;
Advises on potential Environmental and Social Risk Management (ESRM) Policy requirements for these transactions to align with internal policy, as well as international standards for successful loan syndication;
Particular focus on transactions for European Export Credit Agencies financing projects globally, including benchmarking against international environmental and social standards;
Supports the development of ESRM policy-related procedures and guidelines;
Joins client calls and meetings to discuss client environmental and social risks and advise on meeting international ESRM standards;
Provides advice to bankers and helps develop governance structures for emerging sustainable finance products;
Leverages third-party ESG data platforms, conducts corporate-level and portfolio-level reviews of high-risk sectors (i.e., extractives, agribusiness) to identify any clients that present elevated environmental, social or reputation risk;
Supports ESRM training of bankers and risk managers;
Supports Citi Europe regulatory implementation efforts on climate/environmental/ESG risk management where ESRM input/expertise is required;
Keeps up to date with evolving UK/European ESG-related regulations;
Maintains flexibility to work across the team according to ESRM priorities but expected to focus approximately 50% on Citi Europe/UK, including Export Finance Agency environmental and social due diligence support, ESG regulatory response and policy development/deployment needs;
Works closely with key banking units as well as strategic sustainability partners (Sustainability, Climate Risk, Business & International Reputation Risk and Controls) colleagues in the region.
What we'll need from you:
Relevant experience in the financial sector, industry (such as oil & gas, mining, agribusiness), environmental consultancy or other relevant work experience.
Knowledgeable about major global environmental and sustainability trends.
Familiar with international environmental and social finance or industry standards such as the Equator Principles, IFC Performance Standards, UN Guiding Principles on Business and Human Rights, Roundtable on Sustainable Palm Oil, ICMA (International Capital Marker Associciation) Green Bond Principles, etc.
Developed project management skills and ability to handle multiple projects simultaneously with a great deal of autonomy and self-initiative; strong time management skills and ability to work in a high-performance environment, with short deadlines and shifting priorities.
Education:
Bachelor's/University degree, Master's degree preferred, related to sustainability, environmental science, business or finance preferred
What we can offer you
We work hard to have a positive financial and social impact on the communities we serve. In turn, we put our employees first and provide the best-in-class benefits they need to be well, live well and save well.
By joining Citi London, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed), and enjoy a whole host of additional benefits such as:
- Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure
- A discretional annual performance related bonus
- Private medical insurance packages to suit your personal circumstances
- Employee Assistance Program Pension Plan
- Paid Parental Leave
- Special discounts for employees, family, and friends
- Access to an array of learning and development resources
- Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day. We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive.
Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.
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Job Family Group:
Risk Management------------------------------------------------------
Job Family:
Enterprise Risk------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Most Relevant Skills
Analytical Thinking, Business Acumen, Constructive Debate, Escalation Management, Issue Management, Policy and Procedure, Policy and Regulation, Risk Controls and Monitors, Risk Identification and Assessment, Stakeholder Management.------------------------------------------------------
Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.------------------------------------------------------
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