Courses

Risk Management Regulatory Compliance

Climate Financial Risk Workshop - Tailored to your requirements

About this Online Workshop

Background

Measuring and managing Climate Financial Risk is becoming critical for financial industry firms. Recently, the Bank of England released a Supervisory Statement outlining how they expect banks and insurers to ramp up their financial risk response to climate change. The Bank of England delivered a clear message to firms on their need to improve resilience to climate change.

Firms now have to see climate change as a financial risk and no longer just a reputational risk.  

All this considered, we seem to be quickly ramping up to consultation and then prudential regulation in response to the material financial risks of climate change.

At the very least, over the next 12 - 18 months, we expect to see significant risk management programmes in response to climate risk being built out.

Whilst early publications by the BoE on Climate Financial Risk have been pointed to the larger banks and insurers, the publications point out that these programmes will be vital for any firms with “large exposure to climate risk due to geographic or sectoral concentration”.

Learning Outcomes

This 90-minute session will be tailored to your company's specific requirements. Our Risk Consultancy Director, Ross Molyneux, will cover the following areas:

  • Introduction | Why the importance of Climate Financial Risk and current focus by the regulators?
  • The content | Rundown of the main areas firms need to consider – from governance through to their own emissions targets
  • The challenges | New areas and thinking that firms need to contend with
  • The project | Outline project structure and indicative timings
  • Q&A session 

Who Should Attend?

We suggest 4 to 8 staff members attend this workshop.

This workshop will be of benefit to anyone who is likely to be affected by the challenges in implementing a robust Financial Climate Risk framework, including Board members, senior management, legal, compliance and those employees at the coalface.

We suggest relevant departments may include but are not limited to:

  • Climate change risk
  • Sustainability
  • Operational risk
  • Reputational risk
  • Enterprise risk
  • Business risk
  • Finance

Board Briefing and Style

Bespoke workshops are participative and interactive. The presentation will combine key formal presentations, case studies and syndicate discussion sessions. There will be an opportunity for attendees to benchmark experiences with their colleagues and raise issues of most concern to their organisation.





Course Information

  • Location: Live Online
  • Led By: Ross Molyneux
  • Type: Online Workshop
  • CPD Points: 3

Course Instructor:
Ross Molyneux

Ross leads FourthLine's Risk Consulting service and specialises in risk management and regulation.

He has worked extensively across non-financial and financial risk management engagements in his time in consulting in both the UK and New Zealand.

After starting his early career in industry working across different financial services institutions, Ross moved into consulting in 2011 with Deloitte, primarily leading and performing financial risk engagements including capital adequacy, liquidity, credit risk and recovery and resolution planning.

Following time in Aviva’s Internal Audit function, Ross moved to help build EY’s North of the UK extended assurance practice, leading and performing a range of engagements across both financial and non-financial risk, including extensive engagement with large banks, asset managers and investment firms as they continued to face into the challenges of revisions to existing regulation and new requirements, such as the Senior Manager & Certification Regime (SMCR).

In 2017 Ross made the decision to spend time overseas, joining KPMG New Zealand’s Auckland Consulting practice. Joining as an Associate Director, Ross was quickly promoted to Director and co-led the firm’s response to emerging conduct and culture challenges arising from the Australian Royal Commission (ARC) and new operational resilience requirements arising from the Reserve Bank of New Zealand’s (RBNZ) Outsourcing Policy.

Working with a range of entities since being in New Zealand, Ross has led engagements ranging from internal audit co-source support to preparing entities for acquisition through ensuring they meet licensing conditions via uplifts of frameworks and policies.

Choosing to return home in 2020, Ross is supporting Fourthline’s clients as they face into current and future risk and regulatory challenges.

Specific learning requirement?

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General Enquiry

If you would like this course to be delivered in-house and made bespoke to your organisation’s requirements, fill in your details below.

Get in touch

Kieran_Maplesden

Kieran Maplesden
Managing Director


0203 800 1099
kieran.maplesden@thefourthline.co.uk

fahim

Fahim Miah
Head of Learning Solutions


0203 854 0591
fahim.miah@thefourthline.co.uk