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Manager/ Associate Director - Climate Risk (Transition Risk Modelling)

Hong Kong, Hong Kong
Closing date
Oct 15, 2023

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
KPMG China provides multidisciplinary services from audit and tax to advisory, with a strong focus on serving our clients' needs and their industries. Not only do we have an overriding commitment to provide the highest quality services for our clients, but we also strive to become a responsible corporate citizen that has a positive impact on our environment and community. At KPMG, you'll translate insights into action and reveal opportunities for all-our teams, our clients and our world.

Service Line Overview

The Climate Modelling Team leads KPMG's work on modelling transition and physical climate risk. As a fast-growing team focused on one of the defining issues of our time and directly supported by the senior management of KPMG, we present an exciting opportunity to potential hires, both in terms of professional opportunity and potential for real-world impact.

Our team has been formed to help clients across corporates and financial services respond to the immense, systemic challenges posed by climate change. Amongst other activities, we help clients to identify and quantify climate risks and opportunities faced by their businesses to meet regulatory, investor and stakeholder demands; analyse and assess the range of mitigation and adaptation strategies available to address climate risks (including the adoption of net zero strategies, carbon market participation and transition planning); ensure business are positioned to capture the opportunity from climate change; implement the strategies; and, finally, embed the risk, strategy, targets and governance into financial reporting, helping to pave the way to a low carbon economy.

Our vision is for the Boards of all companies to consider climate change as a key part of their Enterprise Risk Management and business strategy. The team has received extremely positive feedback from clients and is currently working a fast growing roster of organisations, playing a key role in KPMG's goal of delivering profit with purpose.

We are looking for hires who are passionate about climate change, regard this as a systemic issue and who can fit in well to a dynamic, enthusiastic and highly capable team. If this is sounds like you, please get in touch!

Key Responsibilities

The role is for a Manager / Associate Director with significant CGE modelling expertise that would be involved in both local and international delivery and integrated into a growing macroeconomics team. The macroeconomics team advises clients on the impact of future economic conditions on client's business.

The role will involve enhancing our CGE modelling capabilities, in particular in relation to the economics of climate change, collaborating with leading academics and working closely with KPMG's broader climate change modelling practice.
  • Enhancing and developing the in-house CGE model and adapting it for climate risk assessment
  • Drafting methodology papers and client reports
  • Conducting technical modelling and presenting to internal and external stakeholders
  • Contributing to proposals and pitches
  • Contributing to thought leadership around climate risk and opportunities
  • Developing tools for forecasting macroeconomic variables
  • Managing engagement risk process
  • Managing engagements including scoping, resourcing, budget monitoring, analysis, report writing
  • Managing the delivery of project deliverables and advising persuasively, earning the position of a trusted advisor
  • Developing the team culture and inspiring and empowering team members to be the best
  • Providing coaching and training to other team members
  • Participating in the professional development of KPMG Climate Risk and Decarbonisation team members and assist with the recruiting and training of new staff
  • Support colleagues in the respective region
Experience & Background
  • A first-class undergraduate degree in Economics
  • A first-class Masters' degree in economics from a top-rated university
  • No less than 5 years of experience working with another professional services firm, Central Bank or Think Tank in a macroeconomics team/unit or at a firm's client risk modelling unit with a focus on economic scenarios
  • Excellent data science, statistics, and analysis skills
  • Experience developing CGE from scratch, and adapting these models to suit specific client needs
  • Experience in climate economics and understanding of academic literature related to climate models, databases, projections, regulatory requirements etc.
  • Deep understanding of the climate challenge and drivers for decarbonisation
  • Proficiency in R, GEMPACK, GAMS
  • Ability to work across diverse projects, with other skillsets
  • Excellent communication skills, both orally and in writing
  • An ability to explain complex economics clearly to non-economists and apply economic concepts and techniques to real world situation
  • Proven experience of managing teams
  • Proven track record leading and managing teams, including:
  • Ability to structure complex work programmes
  • Ability to operate in the detail and to understand the big picture
  • Experience in developing more junior colleagues
  • Experience developing other macroeconomic models and econometrics models
About KPMG

At KPMG China, we are committed to being an equal opportunity employer, with zero tolerance for any form of discrimination against any persons. It is important for us to create an inclusive, diverse and agile workplace for our people to develop and thrive at both a personal and professional level.

We strive to make ESG (environmental, social and governance) a watermark running through our organisation; from empowering our people to become agents of positive change, to providing better solutions and services to our clients. To lead by example, we launched Our Impact Plan (OIP) which includes our ESG commitments and progress across four key pillars - Planet, People, Prosperity and Governance.

We encourage you to come as you are, and we welcome all qualified candidates to apply, and hope you unlock opportunities with us. Visit KPMG China website for more company information.

Please note that all information in this form has been voluntarily supplied and will be used by KPMG for selection purposed only.

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