Pension Insurance Corporation (“PIC”) provides secure retirement incomes through comprehensive risk management and excellence in asset and liability management, as well as exceptional customer service. Our purpose is to pay the pensions of our current and future policyholders. We achieve our purpose by setting Company-wide strategic objectives and driving a healthy culture based on our PIC Values of Resilient, Adaptable, and Loyal.
PIC is recruiting for a Responsible Investing Manager – Climate Lead to join its PIC Capital department. Reporting to PIC's Head of Sustainability and working within a team of three, in this role you will apply knowledge and insights concerning the impact of climate change on investment portfolios and how this impacts our policyholders. Your accountabilities will include:
- Conduct thorough analysis of physical and transition risks associated with investment opportunities, and use that analysis to support the investment teams in their due diligence. Provide a ‘climate opinion’ on new investment and contribute to Credit Committee / Investment Committee papers and discussions where appropriate
- Review the climate metrics used to measure and monitor sustainability related risks and propose new metrics where appropriate
- Collaborate with PIC’s Non Financial Reporting team to produce TCFD reports on an annual basis
- Design and deliver climate scenario analysis approach across asset classes and sectors, working with relevant investment teams
- Monitor and update progress against PIC’s transition plan, supporting investment teams to take action where appropriate to meet PIC’s climate targets
- Partner with the Risk team to ensure PIC meets regulatory requirements on climate-related risk, particularly with reference to PRA Supervisory Statement 5/25
- Consider the ongoing appropriateness of PIC’s climate targets, ensuring they remain appropriate to meet the expectations of PIC’s stakeholders.
- Collaborate with the investment teams to develop and maintain house views on sustainability related risks and communicate these within the team - this includes keeping informed of industry trends and market developments. Ensure knowledge sharing across the Investment team
- Respond to Trustee, Adviser or other external stakeholder climate related queries
- Continue to explore and develop PIC’s approach to Nature-related risks
- Contribute to external reporting requirements (TCFD, Sustainability Report, Annual Report, NZAOA, UNPRI), providing SME input where required
