Climate risk consultant – banking

At Finalyse, for over 35 years, we have supported (re)insurance and banking clients in navigating changes and embracing innovations in valuation, risk management, and regulatory compliance. Our commitment to contributing to a sustainable and resilient financial system drives us every day. We empower our talented consultants to design and implement efficient, pragmatic solutions, fostering a collaborative spirit with partners and clients. Our unique blend of financial and technological expertise has been the cornerstone of numerous successful projects and enduring relationships. We embrace diversity at Finalyse, recognising the unique strengths everyone brings, and we are committed to creating an inclusive working environment that respects diverse beliefs and backgrounds.

THE ROLE

As a Climate Risk Consultant, you will join our Risk Advisory practice, working on challenging projects for leading banks. With climate risk increasingly integrated into banks' credit risk frameworks, you will advise clients on the incorporation of climate risk metrics into their existing risk management framework and prudential risk models. You will assist clients in the assessment of their climate risk exposure, with a focus on climate stress testing ahead of the supervisory and internal exercises expected in 2027. You will also design and build automated, reliable data solutions in SQL, Python or similar tools that meet both data quality standards and business requirements meaningful for risk managers. Depending on the project pipeline, you will also contribute to credit risk assignments not related to climate risk (e.g. credit risk modelling, CRR3/Basel IV, IFRS 9). International exposure is part of this role: you should be open to short- and medium-term assignments in Belgium and abroad.

RESPONSIBILITIES

• Climate risk Participating in and leading climate risk engagements for our banking clients: climate stress testing, physical risk assessment and transition risk modelling.
• Advising clients on the incorporation of climate risk metrics into their existing credit risk framework and prudential risk models (PD/LGD, IFRS 9, ICAAP).
• Supporting clients in preparing for the climate stress testing exercises expected in 2027 and deriving financial risk impacts under different scenarios.
• Development of methodologies to identify, quantify and prioritise the materiality of climate risk factors, incl. definition/selection of adequate data.
• Depending on the project pipeline, contributing to credit risk assignments not related to climate risk (Basel/CRR, credit risk models, tools or solutions).

Climate risk data and reporting Supporting the implementation of climate risk reporting solutions and underlying data infrastructures. Assisting clients in the processing and reporting of climate risk–related information, including data collection, enrichment of sustainability metrics and proxies, calculations and reporting, using SQL, Python or similar. Designing conceptual data models to store sustainability metrics (Scope 1, 2 and 3 emissions, geolocations) at the appropriate level of granularity.

In addition Depending on your experience, coordinating the workload across projects while coaching more junior staff. Building close client relationships and participating in business development and internal projects. Promoting Finalyse's image through Regbrief publications, external conferences and networking events.

REQUIREMENTS

• MA or MSc in econometrics, physics, mathematics, computer sciences or applied economics.
• FRM, PRM or SCR certification is a plus.
• At least 3–5 years of experience in the banking sector and good understanding of credit risk regulatory aspects.
• Consulting experience is a plus.
• A first proven experience in climate risk management: physical risk assessment, transition risk modelling or climate stress testing.
• Hands-on experience in model development or model validation (e.g. PD, LGD, IFRS 9 ECL).
• Familiarity with banking products, retail and non-retail.
• Relevant regulatory knowledge (CRR3/CRD6, BCBS 239, IFRS 9, EBA Guidelines on the management of ESG risks).
• Strong technical skills in Python and SQL.
• R, SAS, VBA, Power BI or Tableau are a plus.
• Ability to act as a bridge between business and IT stakeholders and to work autonomously in a result-oriented environment.
• Good communication, writing and presentation skills.
• Fluency in English is mandatory. French is a strong asset.
• Mobility is required.

WHY FINALYSE

• A meaningful role and mission contributing to the stability and responsible innovation of the financial sector.
• A diverse, multinational team of talented specialists and senior experts, committed to sharing knowledge, supporting each other, and driving collective success.
• A clear and flexible career path, with the freedom to shape your own specialisation and grow quickly in a flat, agile organisation.
• Personalised development through tailored technical training, recognised certifications, and continuous learning.
• A healthy work culture and environment that values wellbeing, work–life balance, and sustainable consulting practices.
• Flexible ways of working with hybrid/remote options, trust-based autonomy, and openness to part-time arrangements.
• A competitive compensation and benefits package, including healthcare, pension, and sustainable mobility options, etc.
• International exposure and opportunities to travel and work with clients and colleagues across Europe and beyond.
• Innovation and thought leadership opportunities, including internal initiatives, research groups, and access to modern tools and structured methodologies.