Capital Markets Business Systems Analyst to Support compliance with ESG regulations in Europe. - 35924

40 King Street W 11th Floor

Work Arrangement:

Hybrid - 2 day in office (Mondays and Wednesdays)

Contract Duration: 6 months

• Reason for request:

Support compliance with ESG regulations in Europe.

Story Behind the Need

• Business group Business GRM ESG Risk -Design and implement the Environmental, Social and Governance (ESG) program.

EU ESG Regulations Project: Work with central project team to create high level roadmap, interpretation of specific EU regulations and development of risk methodologies.

Responsibilities:

Pillar III ESG Disclosures: EU requirements

• Work with central project team to create high level roadmap and potential stakeholders.

• Summarize risk-owned disclosure requirements and communicate/raise awareness stakeholders (coordinate with Project team)

• Understand all the quantitative reporting requirements and facilitate agreement on interpretations (e.g., do we understand what is being asked). Present interpretations to EU Project Team for concurrence/approval

• Investigate data sources for quantitative requirements in templates 1-10 (quantitative requirements). Identify potential sources for any data gaps (include lack of reliable sources of data)

• Deep dive into requirements of EU Taxonomy (relates to GAR disclosure requirements)

• Determine what EU Paris-aligned Benchmarks in accordance with Article 12(1) points (d) to (g) and Article 12(2) of Regulation (EU) 2020/1818 are

• Mapping of the bank internal sector classification (BR codes, SIC, NAICS) to EU reporting sectors (e.g., NACE)

• Work with CIDA on mapping emissions to EU reporting sectors based on above

• Research GAR (Green Asset Ratio) calculation and develop methodology

• Research BTAR (Banking book Taxonomy Alignment Ratio) calculation and develop methodology

CSRD: Corporate Sustainability Reporting Directive:

• Work with central project team on to create high level roadmap and potential stakeholders.

• Summarize disclosure requirements and communicate/raise awareness stakeholders (coordinate with Project team)

• Understand risk-owned the quantitative reporting requirements and facilitate agreement on interpretations (e.g., do we understand what is being asked). Present interpretations to EU Project Team for concurrence/approval

• Determine what CSRD components are extraterritorial requirements and for which BNS would be in scope.

• Research EU taxonomy definitions for climate adaptation actions and climate mitigation actions

• Investigate data sources for quantitative requirements in templates 1-10. Identify potential sources for any data gaps (include lack of reliable sources of data)

• Mapping of the bank internal sector classification used in financial statements to EU reporting sectors (e.g., NACE)

• Investigate EU sector level physical and transition risk ratings to be able to compare with BNS heatmap

Must have:

10+ years of experience working as Business analyst in the financial industry

5+ years of experience interpretating regulatory requirements

5+ years of experience conducting gap analysis vs regulatory requirements

5+ years of working knowledge of banking book (i..e, lending) products

Nice to have:

Experience in risk management, specifically credit risk would be an asset

Familiarity ESG/Climate regulation specifically with EU regulation and EU green taxonomy

Education and Certifications:

• Business related degrees

• Sustainability related qualification is considered an asset

Best vs. Average Candidate

The ideal candidate will possess experience in Environmental, Social, and Governance (ESG) and climate regulation, with a particular focus on European Union (EU) regulations and the EU Green Taxonomy. This individual should demonstrate a proactive approach, capable of taking the initiative and leading projects to successful completion. They must be self-sufficient, able to work independently without supervision, and exhibit strong project management skills to ensure timely delivery of all tasks. Additionally, the candidate should have a proven track record of driving projects forward, meeting deadlines, and achieving set objectives.