Senior Research Engineer Position - Empirical Macroeconomist with Climate Change Focus - One vacancy

EDHEC Risk Climate Impact Institute
London, United Kingdom
According to experience and qualification
15 Nov 2022
15 Dec 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
The successful candidate will work under the direct supervision of Riccardo Rebonato, Professor of Finance at EDHEC Business School and Scientific Director of the EDHEC-Risk Climate Impact Institute. He/she will join a growing, vibrant team of researchers with a varied academic background (Economics, Physics and Finance). The candidate's work will contribute to inform the decisions of strategic investors and their portfolio construction, financial supervisors and the financial industry on issues related to climate financial risk assessment and management.

Main tasks:
  • Coordinate various research strands currently under way focussed on the estimation of the sensitivity of assets, assets classes, factors and strategies to physical and transition climate risk. The ultimate goal is to arrive at the estimation of a 'climate beta', to be used in portfolio construction, in the assessment of sectoral strengths and vulnerabilities to climate risk, and in the estimation of the extent to which current prices already embed climate information.
  • Contribute original research to the same task by following a bottom-up, empirically-based approach, with extensive use of fundamental financial and extra financial data.

Ancillary tasks:
  • Make use of the results above for scenario analysis, stress testing and to estimate the vulnerability and exposure of financial institutions (and of the financial system) to (physical and transitional) climate risk.

Your profile:
  • You have a PhD in economics, econometrics or finance, and ideally further research experience in academia or financial institutions;
  • Your research output will be grounded in solid (macro)economic theory, but its distinguishing feature will be its innovative empirical contribution;
  • You like working with empirical data and to 'get your hands dirty' with data analysis; you are comfortable with econometric methods, and you are able and willing to work with incomplete, missing and heterogeneous data (probably not 'big data');
  • You have strong programming skills, preferably in MatLab;
  • You have experience working in collaborative research teams that bring together senior researchers from different specialist backgrounds;
  • You are interested to join an interdisciplinary, international team of research, policy and industry experts, to collaborate with finance and policy institutions, and to deliver policy- and industry-relevant research work;
  • You are experienced in writing and publishing scientific literature, and you have a strong publication track record;
  • You are highly proficient in English (written and spoken)

To apply, please send your CV and a cover letter.

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 (ERCII) 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 ERCII 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. ERCII 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.