Carbon Tracker is a UK-based not for profit financial think-tank analyzing the alignment of capital markets with international climate policy targets. We are staffed by financial market professionals including former financial analysts, regulatory lawyers and asset managers.
Carbon Tracker has developed a highly valued reputation for credible independent financial research, which is critical to its success in reframing the climate debate. This analysis has identified a failure by the markets to correctly price the risk inherent in fossil fuels based investments attributable to a lack of transparency, inadequate disclosures and lack of engagement by relevant financial regulators. As evidenced by the FSB-TCFD, regulators are beginning to respond to the dearth of decision-useful disclosure of financial risk. Carbon Tracker has also done some preliminary work evaluating the implications for auditors of accounts and the usefulness of current accounting standards in an energy transition context and now seeks to provide a comprehensive review of how both the audit and accounting standard functions might be reformed to improve transparency of the identified financial risks.
London-based, ideally. Our offices are in the heart of the city, close to London Bridge, we occupy a small hub on Bermondsey Street, which we share with other innovative climate organisations.
We are looking to build upon the success of our financial analysis with a regulatory reform research programme in the UK and EU. The purpose of this is to improve the level & quality of such disclosures and promote the role that both financial regulation and regulators can play in ensuring that investors can correctly assess the climate risk associated with fossil fuels. Audit and accounting standards can play a critical role in making these risks more transparent.
The goal of this job is to consider how existing standards can be made fit for purpose by providing transparency at the accounting level on the implications of climate change on the extractives sector or identifying areas where they could be improved. In addition, there will be a component of then educating accounting professionals on the same.
Accordingly, we seek someone with a background in auditing accounts, preferably in the extractives sector. Experience (whether practical, academic, regulatory or otherwise) in considering accounting standards would also be a plus.
Knowledge of climate science and policy is an advantage but not a requirement; the key need is for someone who can evaluate whether, in light of Carbon Tracker's financial analysis, accounting standards are fit for purpose and, if not, what modifications would make them so. The ability to convey these concepts in writing and engage with policymakers around this topic will also be important.
Joining Carbon Tracker is an exciting opportunity to work with a talented team of people dedicated to our mission. As a member of the Carbon Tracker team you will be able to develop a range of skills and build your network in the finance, public, NGO and foundation sectors. Carbon Tracker has established a reputation for producing investment-grade research on the energy transition and the fossil fuel sector, which we are aiming to promote to mainstream standard setters, decision-makers and regulators in the capital markets.
- - Produce reports on the quality of issuer-authored financial reports in light of current disclosure requirements.
- - Analyze and write two or more papers evaluating the fitness of current accounting standards for providing a true and fair disclosure of climate-related risk to the extractives sector.
- - Produce presentations and present findings to standard setters and professional organizations.
The ideal candidate will have:
- - An understanding of existing accounting and reporting regimes;
- - An understanding of the audit function and experience with auditing accounts in one or more extractives sectors.
- - An understanding of accounting standards for one or more international jurisdictions.
- - Excellent writing and analytical skills.
- - Confidence, with good outreach and presentation skills.
- - Be a self-starter and highly motivated; having the ability to work individually and within a team.
- Salary negotiable, dependent upon experience.
- Advertised position is a full-time role. However, experienced professionals seeking only a part-time or contractual arrangement are welcome to apply.
- Carbon Tracker values diversity and equal opportunities; applications are welcome from all suitably qualified candidates.
- Applications without a covering letter or email will not be considered.
- The closing date for applications is 30 September 2017, but we may interview and appoint a suitable candidate before the closing date. Early applications are advisable.