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Webcast

Climate Risk Management at a Crossroads? Looking Back and Ahead

February 28, 2023

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February 28, 2023
4:00 PM - 5:00 PM |

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In this webcast, GARP Risk Institute’s Jo Paisley, Maxine Nelson and Tim Walton will look back at how climate risk management has evolved over the four years of conducting the GARP Annual Climate Risk Management Survey.

Within the context of evolving scientific and regulatory understanding, the GARP Risk Institute team will consider how firms are currently managing climate risks, where they are struggling, and how things might develop moving forward.

Drawing on insights from their annual climate risk management surveys, this webcast covers:

•The changing external context for firms, from advances in climate science to changing regulatory expectation;

•The growing sophistication of firms’ quantification of climate risks and top challenges;

•A look ahead to what might be in store next.

Speakers

Jo Paisley

President, GARP Risk Institute

Jo has worked on a variety of risk areas at GARP Risk Institute, including stress testing, operational resilience, model risk management and climate risk. Her career prior to joining GARP spanned public and private sectors, including working as the Director of the Supervisory Risk Specialist Division within the Prudential Regulation Authority and as Global Head of Stress Testing at HSBC.

Dr. Maxine Nelson

SVP, GARP Risk Institute

Maxine currently focusses on climate risk management. Previous roles have included operational risk modelling at NAB, leading KMPG London’s credit risk team, senior consultant at Oliver Wyman, responsibility for counterparty credit risk at the UK Financial Services Authority, and Global Head of Wholesale Risk Analytics and Head of Capital Planning at HSBC.

Tim Walton

Associate Vice President, GARP Risk Institute

Tim specializes in sustainability and climate risk issues. His work spans research, programme management and content production. Before joining GARP, Tim studied at the University of Warwick where he completed a BA in Politics, Philosophy & Economics, and an MA in Political & Legal Theory.

Speakers

Jo Paisley

Jo Paisley

President, GARP Risk Institute
Jo Paisley

Jo Paisley

President, GARP Risk Institute

Jo has worked on a variety of risk areas at GRI, including stress testing, operational resilience, model risk management, and climate and environmental risk. Jo’s career began at the Bank of England where she worked in various economist roles, ran the Statistics Division, and spent the last part of her career in supervision. Her last role was as a Director of the Supervisory Risk Specialist Division within the Prudential Regulation Authority. This area provided deep technical risk expertise to front line supervisors across all risk disciplines, covering banking and insurance. She was also heavily involved in the design and execution of the U.K.’s first concurrent stress test in 2014.

Jo left the Bank in 2015 and joined HSBC as their Global Head of Stress Testing, where she was responsible for ensuring that they met all their regulatory stress testing requirements around the world. She has also worked as an independent stress testing consultant, advising firms on how to get the most value out of stress testing. Jo studied Philosophy, Politics, and Economics at Magdalen College, Oxford, before completing her MPhil in Economics at Nuffield College, Oxford.


Tim Walton

Tim Walton

Associate Vice President, GARP Risk Institute
Tim Walton

Tim Walton

Associate Vice President, GARP Risk Institute

Tim specializes in sustainability and climate risk issues. His work spans research, programme management and content production. Before joining GARP, Tim studied at the University of Warwick where he completed a BA in Politics, Philosophy & Economics, and an MA in Political & Legal Theory.

Dr. Maxine Nelson

Dr. Maxine Nelson

Senior Vice President, GARP Risk Institute
Dr. Maxine Nelson

Dr. Maxine Nelson

Senior Vice President, GARP Risk Institute

Maxine is a Senior Vice President at the GARP Risk Institute, GARP’s research and thought leadership arm, where she focusses on climate and environmental financial risk management. 

She has extensive experience in risk, capital and regulation gained from a wide-ranging variety of roles, including Global Head of Wholesale Risk Analytics and Head of Capital Planning at HSBC, significantly expanding counterparty credit risk management at the UK Financial Services Authority during the last financial crisis, leading the credit risk team at KPMG London, senior credit risk consultant at Oliver Wyman, and embedding operational risk analytics globally at National Australia Bank. Maxine has a degree in mechanical engineering and a PhD about how best to apply probability theory to real world problems.

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