Director, Transition Risk
Mastercard
- Toronto, ON
- Permanent
- Full-time
The Enterprise Risk Management (ERM) team is looking for a Director, Climate Transition Risk (“Transition Risk”) who will be responsible for developing, managing, and maintaining core elements of Mastercard’s Enterprise Risk Management Framework for Climate-related Transition Risks. The role will also lead engagement with MA’s ESG community to support overall alignment with MA ESG Strategy and firm-wide mandatory and voluntary disclosure requirements.Role:
The Director, Climate Transition Risk will be responsible for:
Lead Enhancement of Climate Transition Risk Management
- Establish a framework to enhance Transition Risk Management across the Company, aligned with the Enterprise Risk Management Framework
- Enhance processes with business / function leads for assessing transition risks, e.g., mandatory disclosures, and industry leading practices including defining scenario analysis
- Develop measurement and monitoring practices for Transition Risk, including documenting controls
- Ensure material Transition Risks are captured, by the first line of defense in the Company’s risk register and escalated in line with the ERM policy
- Maintain procedures on Climate-related Risk Management practices to be executed by the first line of defense
- Engage with broader MA Sustainability and ESG community and provide thought-leadership on Transition Risk and broader Climate Risk as subject matter expert
- Engage with businesses and functions, e.g., Corporate Strategy, Financial Planning & Analysis (FP&A), Financial Operations, etc., in their development of transition scenarios informed by MA overall strategy, ESG strategy, and other components
- Review and challenge transition risk scenarios including assumptions, limitations, and weaknesses of scenarios and models developed
- Independently review and challenge results, as needed, to help determine materiality and potential disclosure requirements
- Document findings and work as part of 2nd LoD Review and Challenge, in line with industry standards
- Lead development and documentation of risk-related Transition Plan components, e.g., risk identification and assessment, risk reporting, risk measurement, etc.
- Coordinate socialization of risk-related Transition Plan with MA Risk Leadership
- Develop Climate Risk-related sections of voluntary and mandatory disclosures with Climate Risk Team
- Prior risk management experience in a large multinational financial institution with Climate Risk program or consulting experience in ESG/Climate Risk space
- Knowledge of risk management practices (e.g., ERM, ORM, technology)
- Strong interpersonal skills and ability to influence at all levels including outside his / her / their
- Experience in partnering with executive management
- Articulate and highly effective communicator (written, oral, presentation)
- Strong quantitative background with demonstrated success in applying risk management
- Excellent analytical, problem solving and critical thinking skills. Keen attention to detail
- Ability to work under pressure, in sometimes ambiguous circumstances
- Understands and appreciates diverse backgrounds
- Knowledge of the payments industry and products, competitive environment, consumer trends, and economic environment.