Esg Analyst

**GROUP BNP PARIBAS**

BNP Paribas Group is the top bank in the European Union and a major international banking establishment. It has close to 185,000 employees in 65 countries. In Spain we are more than 5,100 employees within 13 business lines.

**RISK HUB**:
RISK is an integrated and independent control function of the BNP Paribas Group. It is the second line of defense on the risk management activities of the Group which are under its direct responsibilities, including credit and counterparty risk, market risk, funding and liquidity risk, interest rate and foreign exchange risks in the banking book, insurance risk, operational risk, and environmental and social risks.

RISK aims to be a partner of the businesses by contributing to their sustainable development, but also a gatekeeper to ensure risks taken remain compatible with the Group’s Risk Appetite and its strategy.

RISK Iberian Hub Madrid is a transversal platform servicing the RISK Function by covering added-value activities around credit risk, market risk, operational risk and data protection. Offering a wide range of services to RISK teams, from consulting to cyber security, going through data analysis, modelling or artificial intelligence.

**ABOUT THE JOB**:
MISSION

Environmental, Social and Governance (ESG) topics are areas of rapid and significant change, increasingly shaping how business is conducted, regulated, measured and reported on.

From a risk management perspective, BNP Paribas considers that ESG factors are risk drivers that may have potential impacts on existing risks such as credit, operational or market risks.

In this context, BNP Paribas has decided to take bold actions to further strengthen the Bank’s initiatives and framework in these areas. So did the RISK Function with the creation of the RISK ESG team at the end of 2020.

Accordingly, the RISK ESG team is a transversal team which aims at supporting and steering the integration of ESG risk factors within Group’s risk management framework.

RESPONSIBILITIES

Within the RISK ESG Team, the **Credit & Sustainable Finance** team is in charge of credit related matters and processes requiring embedding ESG factors, across the Group various métiers/poles and for all corporates clients and Financial Institutions.

RISK ESG **Credit & Sustainable Finance** team, as part of the second line of defense, is accountable for the design and the sound functioning of the ESG risk management framework. It should ensure adequate set-ups are in place to identify, assess, measure, manage, monitor and report on the ESG-related performance and risks through the client journey (from onboarding, products origination and through credit process).

The **Credit & Sustainable Finance** team is involved in setting up ESG-related frameworks, in coordination with business lines and other functions, and in ensuring their effective implementation in the operational processes, in particular credit processes, encompassing:

- **ESG assessment at the Counterparty level**: ensuring suited ESG assessment methodologies are deployed and implemented in operational processes, so that ESG Assessment outcome can serve as a basis to assess any impact (including financial one) on the counterparty’s overall profile and adapt product offer and risk appetite
- **ESG assessment at the transaction’s level**: contributing to define articulation criteria of any transaction vs. counterparty-level ESG assessment and to operational insertion of transaction-level assessment in the credit process
- **Operational risk linked to ESG in the credit chain for corporates**: based on the above, ensure operational risks linked to the ongoing operational insertion of new ESG-related credit matters are identified and adequate relating controls are in place

As such, the **Credit & Sustainable Finance** team is in charge of ensuring and/or effectively contributing to produce:

- ESG frameworks or set-ups (ESG assessment design/enhancement, ESG labels/tags, operational insertion etc.).
- Policies, procedures and guidelines ruling the above, ensuring they are comprehensive, exhaustive, up-to-date and provided to the relevant stakeholders (RISK, Business lines etc.), ensure articulation and consistency Group-wide, advising on ESG & credit related topics upon request
- Analyses and challenge of results of the assessments, dashboards, articulation with other ESG evaluation (portfolio alignement, portfolio, other assessments methods in the bank, etc.) participation in other RISK’s committees/forums to share information/expertise
- Analyses / communications to be incorporated in the Group internal reporting / committees up to top management and external publications such as CSRD, on the ESG Assessment, sustainable finance and credit related topics.

The ESG analyst will report to the Head of Credit & Sustainable Finance team on all these topics, within RISK ESG Paris, with a local reporting line to the RISK ESG Team Leader in Madrid.

**REQUIREMENT