Senior Climate Risk Stress Test Manager

RHB Banking Group; Kuala Lumpur; On-site; MYR 80,000 - 110,000; Full time

Job summary

A leading financial services provider is seeking a Senior Climate Risk Stress Test Manager to develop climate scenario planning and stress testing methodologies. In this role, you'll engage with stakeholders and enhance risk assessment processes. The ideal candidate will have a degree in relevant fields, a minimum of five years' experience, and strong statistical, analytical, and programming skills. This position offers competitive remuneration and opportunities for professional growth in an inclusive environment.

Benefits

Competitive remuneration

Development opportunities

Collaborative work environment

Qualifications

• Minimum 5 years of experience in risk management and stress testing within a financial institution.
• Understanding of Basel IRB models, MFRS9, and stress testing approaches.

Responsibilities

• Develop and enhance climate risk stress testing processes and methodologies.
• Conduct assessments of climate risk scenarios and analyze ECL.
• Engage with stakeholders to support climate risk stress testing delivery.

Skills

Statistical modeling

Analytical skills

Programming languages (Excel, SAS, Python)

Communication skills

Experience in ESG or climate-related risk management

Education

Degree in actuarial science, statistics, mathematics, economics, risk management or finance

Job description

We are seeking a Senior Climate Risk Stress Test Manager to join RHB Banking Group. In this role, you will develop and enhance climate scenario planning and stress testing methodologies with a focus on expected credit losses and capital requirements. You will work closely with internal stakeholders, management, and regulators to ensure robust climate risk assessment and reporting across the Group.

What you will be doing

Climate Risk Stress Testing

Develop, enhance, and implement climate risk stress testing processes, methodologies, and models.

Conduct assessments of climate risk scenarios, translating results into credit risk projections and regulatory capital requirements (RWA and ECL under MFRS9).

Simulate and analyze ECL and credit risk capital demand for various credit portfolios.

Conduct in-depth analysis of stress test results to identify key climate risk drivers.

Stakeholder Engagement and Reporting

Engage with internal stakeholders to support the delivery of climate risk stress testing.

Prepare and submit reports on climate risk stress testing results for management, the Board, and regulators.

Address regulatory enquiries and reporting requirements related to climate risk stress testing.

Infrastructure and Policy Development

Implement and enhance climate risk stress testing infrastructure, ensuring accuracy and reliability.

Develop policies, manuals, and documentation related to climate risk stress testing.

Support other internal and regulatory stress testing exercises, ensuring alignment with best practices and regulatory expectations.

What we’re looking for

Education and Experience

Degree in actuarial science, statistics, mathematics, economics, risk management, or finance.

Minimum 5 years of experience in risk management and stress testing within a financial institution.

Skills and Knowledge

Understanding of Basel IRB models, MFRS9, and stress testing approaches.

Strong statistical modeling and analytical skills.

Proficiency in programming languages such as Excel, SAS, Python, or equivalent for data analysis and modeling.

Excellent written, verbal, and presentation skills for effective stakeholder communication.

Ability to interact professionally with both internal teams and external parties.

Experience in ESG or climate-related risk management is preferred.

What we offer

At RHB Banking Group, we provide a collaborative and inclusive work environment that encourages professional growth. We offer competitive remuneration, development opportunities, and a culture that values innovation, excellence, and sustainability.

RHB Banking Group is a leading regional financial services provider headquartered and listed in Malaysia. Established in 1913, we offer comprehensive banking solutions across retail, business, corporate, and Islamic banking. With a strong presence in Malaysia and nine ASEAN countries, we are committed to delivering simple, fast, and seamless experiences. Guided by our brand promise, “Together We Progress,” we continue building a sustainable and inclusive future with our customers and stakeholders.