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Yue (Nina) Chen

Chief Climate Risk Officer at the OCC

Yue (Nina) Chen, Chief Climate Risk Officer at the Office of the Comptroller of the Currency

Yue (Nina) Chen is the newly appointed Chief Climate Risk Officer at the Office of the Comptroller of the Currency (OCC). In this role, she will lead the agency's climate risk efforts related to supervision, policy, and external engagement.4

Background

  • Previously served as the Executive Deputy Superintendent of the Climate Division at the New York State Department of Financial Services (DFS)36
  • Vice chair of the climate risk steering group at the International Association of Insurance Supervisors2
  • Holds a Ph.D. in chemical engineering from the Massachusetts Institute of Technology25

Significance of Appointment

  • Reaffirms the OCC's strong commitment to improving oversight of climate-related financial risks1
  • Elevates the OCC's internal climate function into a full-fledged office reporting directly to Acting Comptroller Michael Hsu2
  • Seen as an important step in addressing the systemic financial risks of the climate crisis by organizations like Ceres3

Key Focus Areas

  • Incorporate feedback on the OCC's proposed Principles for Climate-Related Financial Risk Management for Large Banks and further develop this guidance1
  • Ensure banks develop frameworks to identify, measure, monitor, and control climate-related risks12
  • Encourage banks to consider a diversity of approaches in climate risk scenario analyses2

Chen's appointment underscores the growing importance of climate risk management in the banking sector and the OCC's commitment to protecting the safety and soundness of the financial system in the face of climate change.13

Highlights

Jan 27 · linkedin

We are #hiring again! I am looking for a deputy to help me lead the Office of Climate Risk at the federal banking regulator Office of the Comptroller of the Currency (OCC). The Director of Climate Risk will covers all spectrum of #ClimateRelatedFinancialRisks (physical and transition risks) and work on #ClimateRisk supervision, policymaking, staff education, and interagency collaboration .

The OCC was the first US federal regulator to issue draft principles on climate risk management. We have been developing in-depth understanding of the largest banks’ (those with $100bn+ in assets) climate risk management programs and how climate-related financial risks may affect the safety and soundness of these banks.

Have you led the climate work in a financial institution or a service provider? Are you an expert is #ClimateRisks and their impacts on the economy and the financial system?  Interested in #PublicsSrvice? Please apply! Multiple locations and #telework are available!

We had strong interest for the physical risk position that was just closed. Thanks to everyone who helped spread the words. Please do so for this position too! Linda-Eling Lee, Robert Eccles, Carol Jeppesen, Lori Choi, CFA, Lily Trager, Eva Zlotnicka, Bridget Realmuto LaPerla, Danielle Chesebrough, James Belmont, Laura Segafredo, Leela Ramnath, Eri Yamaguchi, Shin Furuya, Zane Jamal, CFA, Chris Fowle, Jason Jay, Jakob Thomä, Daniel Firger, Tensie Whelan, Danielle Joseph, Jarek Olszowka, norman friedland, Nikita Singhal, Ram S., Judy Samuelson, Corey Klemmer, CFA, Esq., James Alexander, Brittany Mancuso Schmidt, Heidi DuBois, Keren R., Delilah Rothenberg, Martin Jarzebowski, CFA, Matthew Scott, Veena Ramani, Puja Modi, Michael Salat, Marilyn Waite, John F. Larkin, Laura Nishikawa

Dec 22 · linkedin

We are #hiring! Are you an expert on #NaturalCatastrophes or chronic physical #ClimateRisks and their impacts on the economy and the financial system? Know #PropertyAndCasualtyInsurance? Interested in #PublicService? The federal banking regulator Office of the Comptroller of the Currency (OCC) is hiring a senior person to focus on #PhysicalRisks and join the Office of Climate Risk.

You will help shape the analysis, policy development, and supervision of physical risks on the federal banking sector, collaborate across all lines of business at the OCC, and participate in national and international networks. You will gain outstanding insights and the opportunity to enhance and broaden technical expertise in the emerging field of #ClimateRelatedFinancialRisks.

Do apply! Multiple locations and #telework are available!

Please help spread the words! Avani Shah, My Chi To, Giorgis Hadzilacos, Mathesh Sripraba, Josette Lau, Butch Bacani, Jennifer Gardner, Jeff Czajkowski, Nancy Watkins, Peter Sousounis, Carolyn Kousky, Mark Way, Maryam Golnaraghi, Ph.D., Marc Marcella, Roger Grenier, Steven Jackson, Jack Krolikowski, James Belmont, Anne Obersteadt, Tim Nauheimer, Graham Hall, FIA, Dag Lohmann, David Altmaier, Marshal Bozzo, Robert Kasinow, Michael Peterson, Elizabeth Kelleher Dwyer, Deirdre Manna, Joe Perry, Tomas Stastny, Ray Spudeck, Andrew R. Stolfi, Marc Philippe Radice, FRM, Kathleen Birrane, Kathy Baughman McLeod, Dennis Burke, George Bradner, Mark Prindiville, Glen Daraskevich,

https://lnkd.in/eK2gqBEs

Related Questions

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How did Dr. Yue (Nina) Chen contribute to climate risk policy at the New York Department of Financial Services?
What is the significance of Dr. Yue (Nina) Chen's appointment for the banking industry?
How does Dr. Yue (Nina) Chen's background in chemical engineering influence her approach to climate risk management?
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Yue (Nina) Chen
Yue (Nina) Chen, photo 1
Yue (Nina) Chen, photo 2
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Location

New York, New York, United States