Climate Risk Specialist

General Job Title: Climate Risk Specialist Division: Exposure Management & Climate Reports To: Head of Climate & Nature Key Relationships: Exposure Management Team, Underwriters, Investment, Actuaries, Sustainability Team, Sustainability Reporting Team, Risk Management

Job Summary: Work closely with the Head of Climate & Nature and team members to coordinate climate risk initiatives across business functions

The successful candidate will work with a wide range of business functions to integrate climate methods and initiatives into existing and new business processes

The candidate will work with Risk team on integrating climate risk management into the ERM process and framework

The candidate will work closely with Investment team on undertaking climate risk analysis to the Investment portfolio, and Sustainability, and Sustainability Reporting Teams on climate initiatives, disclosures and related activities

Key Responsibilities Support the Head of Climate & Nature to implement Beazley’s climate risk and nature strategy liaising and coordinating with colleagues and/or teams across Beazley with a focus on Transition and Investment risks

Support and lead risk assessments and analytics for modelling a range of climate risks working closely with Underwriters, Exposure Management, Actuarial, and Investment teams

Support research on climate risks and make recommendations on how climate might impact the business, including climate and nature related emerging topics

Support Actuarial functions for considering climate related impacts into pricing, capital and reserving

Assist with developing and implementing climate scenario analysis, including physical, litigation and transition risk scenarios across Underwriting, Investment, and Operations

Assist with integrating climate and nature into current and new business processes, including and not limited to functions such as Underwriting, Investments, and Operations

Engage with Underwriters as required, particularly ESG leads across each underwriting division

Work closely with the Risk teams to manage and integrate climate risk management and metrics into the ERM process and framework

Support the Head of Climate & Nature to assess, manage and implement actions to achieve compliance with the updated PRA climate risk supervisory statement (SS5/25) and other climate risk regulation and requirements

Responsible for tracking team projects, actions, ad hoc requests and committee / board papers to ensure compliance with all deadlines

Assist with planning the agenda, upcoming papers and any strategic projects for the Climate Risk Working Group

Capture business requirements and draft business case papers for various internal groups and committees

Work closely with Sustainability team and Sustainability Reporting team on climate disclosures, e.g

TCFD (Task Force on Climate-Related Financial Disclosures)

Assist with developing climate risk training and material to key areas of the business as required by the Head of Climate & Nature and/or the Head of Catastrophe & Research

Assist with establishing and/or strengthening links to external peers and experts such as academic and scientific communities

Engage with brokers and reinsurance partners on projects and deliverables as required

General It is important that within all your interactions both internally and externally you adhere to Beazley’s core values - Being Bold, Striving for Better, and Doing the Right Thing – as they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers

We also expect Beazley employees to: Comply with Beazley procedures, policies and regulations including the code of conduct

Undertake training on Beazley policies and procedures as delivered by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system

Display business ethics that uphold the interests of all our customers

Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs

Comply with any specific responsibilities necessary for your role as outlined by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas

This may include, amongst others, Beazley’s underwriting control standards, Beazley’s claims control standards, other Beazley standards and customer relationship management

Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system

These may include membership of any Beazley committees or working groups

Personal Specification: Skills & Abilities Accurate and numerate Strong analytical skills with attention to detail Ability to communicate effectively with various stakeholders, both verbally and in writing Ability to manage time, meet deadlines and prioritise Ability to manage workflow of team based on incoming requests

Team worker as well as able to work on own initiative General commercial and financial knowledge Knowledge & Experience Insurance experience Strong understanding of climate risk & related analysis and concepts Strong understanding of investment related climate risk analysis Knowledge of regulatory requirements on climate risk desirable Knowledge of climate transition risk desirable Experience with climate risk scenario analysis and stress testing desirable Aptitude & Disposition Outcome focused, self-motivated, flexible and enthusiastic Sees solutions not problems Interested in understanding and helping others Professional approach to successfully interact with senior management/colleagues/external suppliers Competencies Accuracy Information seeking Concern for quality Customer focus Initiative Self-starter Analytical thinking Speed and accuracy Teamwork Technical competence Time management Integrity