Risk Manager

Climate Asset Management is an independent investment firm co-owned by HSBCAsset Management (HSBC AM) and Pollination. HSBCAM is the asset management arm of HSBC, onethe world’s leading and most respected international financial institutions. Pollination is a climate change advisory and investment firm, solely focused on accelerating the transition to a net zero, climate resilient future and a world leader in finance, investment, technology, business, law, and policy.

Climate Asset Management is a purpose-oriented investment firm, unbound by legacy, which has established a series of natural capital funds, investing in a diverse range of activities that value, preserve, protect and enhance nature over the long-term, helping to address climate change, while delivering commercial risk-adjusted returns to investors. We aim to unlock natural capital investment opportunities at scale. Through our shareholders we leverage HSBC’s experience as the world’s leading bank for sustainable financeand Pollination’s deep, global expertise in natural capital, mainstreaming natural capital as an asset class.

Our Purpose

Our purpose is to secure a more climate-resilient, nature-positive and inclusive world through bold, scalable nature-based investment solutions.

Our Values

We have assembled, and continue to grow a highly motivated, multinational and multilingual team.We aim to reflect our four core values in everything we do:

• Passion : both in helping our clients achieve their objectives and in using our collective energy and expertise to help solve the big issues of the day
• Integrity : both in doing the right thing and in holding ourselves accountable
• Ambition : both in our optimism and our drive, aspiring to the highest quality standards and seeking to evolve and improve continually
• Inclusiveness : where we prioritise diversity, equality and inclusion, collaborating widely and connecting thoughts with technological innovation for breakthrough ideas and systemic change

Our Product Offer

We have three active investment product offerings, including:

1. A Natural Capital Fund, investing in sustainable agriculture, forestry and environmental assets in developed economies, seeking to optimise landscapes for production and ecosystem services;
2. A Nature Based Carbon Fund, offering investors access to global nature-based carbon projects at scale in developing economies that generate high integrity carbon credits.
3. Our Carbon Nature Fund which we manage on behalf of Apple’s Restore Fund, which is a unique blended strategy that combines the financial returns of the Natural Capital Fund with the impact of the Nature Based Carbon Fund.

We are continuing to fundraise for these strategies while deploying funds into projects around the world.

We will be developing second vintages and launching new investment strategies that continue to help our investors and stakeholders meet their net zero commitments while helping protect the planet from land degradation, biodiversity loss and climate change.

The opportunity

We are currently looking for a Risk Manager to join our global team in London. In this role,you will be responsible for identifying, assessing, and managing risks associated with the firm and the management of real assets, including processes, systems, and external risks. The role will require close collaboration with investment, asset management, legal, compliance, ESG, finance and operational teams to ensure the effective management of risks, especially in complex environments such as emerging markets. This position is critical for ensuring operational resilience and the continuous improvement of risk frameworks across the firm, its funds and the assets held.

Risk & Control Framework:

• Ongoing development and maintenance of the CAM Risk Management Framework across the firm, its funds and the assets held.
• Identify and assess operational risks and controls, including funds and investments, investment processes, asset management, transaction execution, and external service providers.
• Support the Investment Teams in risk assessment and mitigation on transactions
• Support the Asset Management Teams and Project Partners in risk assessment and mitigation on assets held
• Ensure the risk framework aligns with regulatory requirements and best practice
• Lead the Firm’s ICARA process, with support from Finance and Compliance.
• Undertake regular risk and control assessments, including testing the effectiveness of controls; monitor the implementation of associated action points.

Risk Identification and Assessment:

• Conduct detailed risk assessments on processes, systems, and third-party relationships, particularly in emerging markets where operational risks may be elevated.
• Identify key operational risk indicators and develop risk scenarios to assess potential impacts. Monitor and report on operational incidents, ensuring root cause analysis, timely remediation and embedding of lessons learned.
• Identify and analyse emerging risks, agreeing action plans where appropriate.
• Develop and implement a risk assurance programme.

Controls and Mitigation:

• Design and implement controls to mitigate identified risks, ensuring that operational processes are robust and resilient.
• Work with operational teams to enhance risk mitigation strategies and ensure effective implementation of control measures.
• Review and update business continuity plans and operational processes to ensure they meet current risk management standards.

Reporting and Monitoring:

• Develop and provide regular risk reports to senior management, the Risk & Compliance Committee and the Investment Committees, including trends, key risk exposures, and potential threats to operational stability.
• Develop and maintain a risk dashboard to track operational risk metrics and incidents.
• Ensure that operational risk data is communicated effectively to internal and external stakeholders, including regulators and auditors.
• Exposure monitoring and reporting including counterparty and investment exposures

Risk Culture and Training:

• Promote a strong risk culture across the firm, ensuring that all employees understand their role in managing risks.
• Ensure policies and procedures are well documented, fit for purpose and maintained.
• Onboard investment counterparties to CAM Risk Management Framework.
• Deliver training programs to enhance awareness of operational risks and effective risk management practices.

This is a full-time role. Whilst maintaining a good work-life balance is important to us, we look for flexibility to work outside of standard office hours when necessary, particularly driven by multiple time zones that we operate in.

Who we’re looking for

• Bachelor’s degree in Finance, Business, Risk Management, or a related field. Advanced degree or professional certifications (e.g., PRM, FRM, or ORM) are preferred.
• Strong communication and interpersonal skills, with the ability to influence and collaborate across various levels of the organisation.
• 7+ years of experience in operational risk management, internal audit or audit, ideally within a real assets asset management firm or related industry.
• Strong understanding / genuine interest in real assets and associated risks and risk frameworks; natural capital assets is desirable.
• Experience managing risks in emerging markets is desirable.
• Excellent analytical, problem-solving, and decision-making skills with the ability to work effectively under pressure.
• Proficient in risk management systems and tools, with strong data analysis and reporting capabilities.
• High level of integrity, professionalism, and attention to detail.

Applying with Climate Asset Management

Climate Asset Management is an equal opportunity employer committed to providing a working environment that embraces and values diversity and inclusion. We encourage people of all backgrounds to apply. If you have any support or access requirements, we encourage you to advise us at the time of application. We will then work with you to identify the best way to assist you through the recruitment process.

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