ERCII - Senior Economist (Senior Research Engineer Position) – Green Finance Policies for Climate Mitigation and Adaptation

We are looking for a senior research engineer in macroeconomics and/or financial economics for a full-time and permanent position to commence as soon as possible (start date flexible). The researcher will join the EDHEC-Risk Climate Impact Institute (preferably) in Nice, France, to work on green finance and policy evaluation.

The successful candidate will join the “Impact of Finance on Climate Change Mitigation and Adaptation” research programme and work under the direct supervision of Irene Monasterolo, PhD, Professor of Climate Finance at EDHEC Business School. The candidate will join a growing, vibrant team of researchers in climate finance with a track record of academic publications in the field. The candidate's work will contribute inform financial supervisors, development finance institutions and the financial industry on issues related to climate financial risk assessment and management.

Main tasks:

• Strengthen and implement Stock-Flow Consistent models and/or financial network models to perform dynamic balance sheet assessment of green finance policies;
• Perform research and analysis on the impact of green macroprudential policies and financial regulation, including but not limited to systemic risk buffers, on the adjustment in financial risk assessment and on capital reallocation in the low-carbon transition;
• Contribute to identify potential trade-offs between green macroprudential policies, economic decarbonisation and financial stability;
• Contribute to the analysis of green finance policy complementarities to inform policy design and evaluation;
• Contribute to the writing of academic articles, practitioner-oriented articles, and technical notes.

Your profile:

• You have a PhD in economics, applied mathematics, statistics, physics or finance, and ideally further research experience in academia or financial institutions;
• You have a background in topics such as climate economics, sustainable finance and systemic risk, and experience in either Stock-Flow Consistent models, Agent Based Models, and/or network models.
• You have very good understanding of macro- and micro-prudential regulation and monetary policy, and their transmission channels to the economy and finance. You have a good understanding of, and interest in, green finance policies;
• You are highly proficient in macroeconomic and financial modelling, preferably with programming skills in Matlab;
• You have experience working in collaborative research teams bringing together postgraduate students and senior researchers from different specialist backgrounds;
• You are interested to join an interdisciplinary, international team of research, policy and industry experts in climate finance, to collaborate with finance and policy institutions, and to deliver policy relevant-research work;
• You are experienced in writing and publishing scientific literature;
• You are highly proficient in English (written and spoken).

Terms and conditions are competitive. The salary will be determined according to the School pay scale, based on the candidate’s qualifications and prior experience.

To apply, please send your CV and a cover letter to the attention of Irene Monasterolo at: [email protected].

About EDHEC-Risk Climate Impact Institute

Institutional context

Operating from campuses in Lille, Nice, Paris, London and Singapore, EDHEC Business School is ranked in the top ten of European business schools. With more than 110 nationalities represented in its student body, some 50,000 alumni in 130 countries, and learning partnerships with 290 institutions worldwide, it is truly international.

For over 20 years, EDHEC Business School has been pursuing an ambitious research policy that combines academic excellence with practical relevance.  Spearheaded by EDHEC-Risk Institute, this original research policy aims to make EDHEC Business School an academic institution of reference for decision makers in a small number of areas in which it has reached critical mass in terms of expertise and research results.  This ambition is delivered by furthering academic research in these areas while simultaneously highlighting its practical implications and applications to decision makers.  The approach may be complemented by strategic partnerships or business ventures that can accelerate the transfer of scientific innovation to the industry and financially benefit the School and its constituencies.

Marking the priority assigned by the School to sustainability issues and building on its research programmes exploring the relationships between climate change and finance, EDHEC-Risk Institute will become EDHEC-Risk Climate Impact Institute in the Fall of 2022.

Mission and ambitions

The mission of EDHEC-Risk Climate Impact Institute is to help private and public decision makers manage climate-related financial risks and make the best use of financial tools to support the transition to low-emissions and climate-resilient economies.

Building upon the expertise and industry reputation developed by EDHEC-Risk Institute, the core ambition of EDHEC-Risk Climate is to become the leading academic reference helping long-term investors manage the asset pricing and investment management implications of climate change and adaptation and mitigation efforts. EDHEC-Risk Climate also aims to play a noted role helping financial supervisors and policy makers assess climate-related risks in the financial system and understand their links with the real economy and advising on policy and financial tools to mitigate those risks and optimise the contribution of finance to climate change mitigation and adaptation.