Risk management – Environmental, Social, and Governance Framework Task and Finish Group – members

Application closing date: 8 December

This task and finish group (TFG) has been established in an area of developing risk management to consider an approach to assessing economic, social, and governance factors across the breadth of an organisation (outside of focusing on investment applications). In particular, to focus on assessing social and governance factors, and non-climate aspects of environment factors.

This may include:

• developing a framework for identifying and assessing ESG risks
• developing a practical approach to performing dual materiality assessments
• identifying use cases for stress testing / reverse stress testing approaches to consider ESG risks

Deliverables for the TFG are likely to include:

• producing reference documentation for practitioners, boards, and NEDs
• enhance understanding of the consideration of ESG issues within the risk management community and its applications to actuarial risk management

We are seeking expressions of interest from a small number of IFoA members or lay-applicants who wish to volunteer for this TFG. Non-actuaries who are keen to share their practical insight are particularly welcome. Members of the TFG will ideally have (some or all the following):

• a good understanding of environmental, social, and governance issues as they apply to insurers and actuaries
• an interest in or awareness of current industry practice in this area
• an interest in providing support for risk management specialist and actuaries working in these areas

Read TFG terms of reference (PDF, 60 KB)

Time commitment

The time commitment varies but is likely to be around two to four hours per month. It is expected that the TFG will deliver the outcomes over the next six to 12 months.

Next steps

If you are interested in this role but would like an informal conversation before applying, please email us at engagement.team@actuaries.org.uk.

If you have read all the above and would like to apply, please send us:

• brief details of your relevant experience
• your reasons for wishing to get involved
• your ARN (if you are a member)
• a brief copy of your CV and full contact details (if you are a non-member)
• confirmation that you have read, understood, and agree to the information and requirements laid out in our volunteer information pack (please be aware that until we have received this confirmation, we will not be able to appoint you as a volunteer)

Please email all the above to engagement.team@actuaries.org.uk. Please note, we are unable to accept late applications.

We are committed to promoting diversity, equality of opportunity, and inclusion, within all our vacancies and we actively encourage applications from a diverse range of potential candidates. Recognising and embracing the unique and diverse talents of our volunteers is fundamental to the success of our organisation.

What you need to know

Volunteering provides you with a wide range of opportunities. With all rights and opportunities come responsibilities and we ask all our volunteers to comply with the terms of the IFoA’s governance manual and volunteer information pack. Before offering to provide support, please read through: what you need to know.