Pascal Weel

Pascal Weel Email and Phone Number

Director of Financial Risk Management @ ING Americas
New York, NY, US
Pascal Weel's Location
New York, New York, United States, United States
Pascal Weel's Contact Details

Pascal Weel personal email

n/a
About Pascal Weel

As someone who grew up in the Netherlands, where a third of the land lies below sea level, the sea has always held a dual fascination for me: it is both a powerful natural force to admire and an insistent challenge to contend with. The sea has impressed upon me the importance of coping with the elements and the potential impacts of phenomena such as sea level rise on our lives.My admiration for the natural world has indelibly shaped my 20+ year career in banking so far, taking me from SVP roles at Citigroup to Senior Bank Examiner roles at the New York Fed and the European Central Bank, and now to the Lead of a newly-formed Climate Risk Committee at the Federal Reserve Board and Co-Founder of the New York Fed Climate Hub. As I progressed through these roles, I saw an increasingly critical need to ensure that our banks, financial systems, and economies are galvanized for climate and environmental uncertainties and have, over the last decade, determinedly sought to gather together resources to help solve this global challenge.While my career may be impressed by nature, I operate by the Latin phrase 𝘢𝘶𝘵 𝘪𝘯𝘷𝘦𝘯𝘪𝘢𝘮 𝘷𝘪𝘢𝘮 𝘢𝘶𝘵 𝘧𝘢𝘤𝘪𝘢𝘮 or “I shall either find a way or make one.” I am known for getting things done, even if I have to create a new way. My persistence – along with a bit of ingenuity and an army of good people – has contributed to new knowledge and methods in climate risk management and enhanced financial practices at US and European financial institutions. Some of my latest achievements include:» Convincing Fed leadership to make climate risk management a priority and join in global climate risk and financial stability efforts through actions such as co-founding the NY Climate Hub to raise awareness of climate risk to the economy, bringing in guest speakers to speak with the Fed leadership, and writing a white paper outlining the importance of taking climate and environmental uncertainties into consideration. » Co-authoring 7 papers raising awareness of the need for climate risk management practices in the financial industry and offering guidance on how to safeguard institutions and systems. » Improving liquidity and climate risk management practices at the European Central Bank and New York Fed, improving contingency funding, stronger defense lines, and enhanced reporting.» Guiding the education and training of global risk professionals as a member of the oversight committee for GARP’s Sustainability & Climate Risk Certificate program and as a Visiting Research Professor at NYU Stern’s Volatility and Risk Institute.

Pascal Weel's Current Company Details
ING Americas

Ing Americas

View
Director of Financial Risk Management
New York, NY, US
Website:
ingwb.com
Employees:
204
Pascal Weel Work Experience Details
  • Ing Americas
    Director Of Financial Risk Management
    Ing Americas
    New York, Ny, Us
  • Nyu Stern School Of Business
    Visiting Research Professor
    Nyu Stern School Of Business Apr 2024 - Present
    New York, Ny, Us
    Engaging with Volatility and Risk Institute
  • Federal Reserve Board
    Manager, Financial Stability Climate Committee
    Federal Reserve Board Sep 2022 - Present
    Washington, Dc, Us
    I serve as a Manager on the Financial Stability Climate Committee for the Federal Reserve Board of Governors, taking the lead on many climate risk management initiatives. I direct multiple teams of researchers, economists, and financial analysts to perform scenario analyses, research, and metrics development and tracking. I also engage with external climate risk-related organizations and help to develop guidance for financial institutions.𝗦𝗲𝗹𝗲𝗰𝘁 𝗥𝗲𝘀𝘂𝗹𝘁𝘀:✓ ORGANIZATION BUILDING: I set up the financial stability climate committee by helping to develop the vision, philosophy, and committee structure. I also operationalized the vision by organizing research workstreams and project leads and gathering resources.✓ CLIMATE SCENARIO ANALYSIS: I played a key role in driving the Fed’s Climate Scenario Analysis pilot, partnering with 6 of the largest banks in the US to conduct scenario analyses. I co-authored new guidance on climate risk management.✓ METRICS DEVELOPMENT: I enhanced the Fed’s understanding of bank portfolio vulnerabilities by implementing climate-related risk metrics leveraging in-house and external methodologies.
  • New York University
    Adjunct Assistant Professor, Climate Economics
    New York University Jan 2022 - Mar 2024
    New York, Ny, Us
  • Federal Reserve Bank Of New York
    Senior Bank Examiner - Funding & Liquidity / Climate Risk
    Federal Reserve Bank Of New York Nov 2014 - Sep 2022
    New York, Ny, Us
    I served as a Senior Examiner initially before becoming the Examiner in Charge leading a team of ~20 examiners conducting liquidity exams of large, systemically important financial institutions. We focused on liquidity and climate risks.𝗦𝗲𝗹𝗲𝗰𝘁 𝗥𝗲𝘀𝘂𝗹𝘁𝘀:✓ ENHANCED RISK MANAGEMENT PRACTICES: I helped the largest US and European banks improve their risk management practices by identifying issues and suggesting or mandating strategies to strengthen their second line of defense and enhance liquidity risk reporting.✓ CONTINGENCY FUNDING: I helped to improve contingency funding and processes for accessing the funds, safeguarding against potential disruptions from crisis situations.✓ CULTURE CHANGE: I convinced the Fed to make climate risk management a priority and to participate actively in global climate risk management initiatives. I organized multiple events for leadership and staff with guest speakers from the United Nations, re-insurers, and central banks. I also wrote and presented a white paper internally on the potential impacts of climate change on financial stability.✓ CLIMATE ADVOCACY: I co-founded the New York Fed Climate Hub, bringing together expertise to raise awareness of climate-related risks to the financial sector and provide advice to Fed leadership.
  • European Central Bank
    Senior Bank Examiner & Team Lead / Climate Risk
    European Central Bank Jul 2019 - Jul 2021
    Frankfurt Am Main, Hessen, De
    I arranged to be temporarily seconded as Senior Examiner at the European Central Bank to help the ECB elevate their risk management practices and learn from their advances in environmental and climate risk management. I was quickly appointed as Team Lead and oversaw the team of 12 examiners across the EU to examine a large, systemically important financial institution and safeguard it against liquidity, interest rate, and climate risks.𝗦𝗲𝗹𝗲𝗰𝘁 𝗥𝗲𝘀𝘂𝗹𝘁𝘀:✓ LIQUIDITY RISK MANAGEMENT: I helped to improve liquidity risk management practices by identifying gaps and issues during a period of unusual market activity and fostering collaboration between liquidity experts covering multiple large banks.✓ CLIMATE & ENVIRONMENTAL RISK MANAGEMENT: I co-authored the ECB’s assessment and guidance on climate and environmental risk management for major banks. ✓ GLOBAL CLIMATE & ENVIRONMENTAL RISK MANAGEMENT: I actively contributed to global efforts on climate-related risk management with contributions to BCBS task force reports and providing internal training on C&E risks.
  • Citi
    Svp, Treasury Liquidity
    Citi Oct 2013 - Oct 2014
    New York, New York, Us
    As the SVP overseeing Treasury Liquidity, I led a global, firm-wide initiative to standardize and automate liquidity reporting. I also served as co-chair of Citi’s Green Team.
  • Citi
    Vp, Svp, Treasury Capital Markets
    Citi Jan 2003 - Oct 2013
    New York, New York, Us
    Initially joining Citigroup as AVP, I was progressively promoted to SVP - Global Funding & Capital Markets within 5 years to manage a $30B structured notes portfolio. 𝗦𝗲𝗹𝗲𝗰𝘁 𝗥𝗲𝘀𝘂𝗹𝘁𝘀:✓ HEDGING METHODOLOGY: I transitioned the notes portfolio to a new hedging method, reducing risk for the bank.✓ NEW BUSINESS OPPORTUNITIES: I set up a retail notes program within a few months, helping to open up a new market and business opportunities.✓ GREEN INITIATIVES: I pioneered structured notes linked to carbon emissions and I also prepared the groundwork for Citi’s green bond issuance.
  • Citi
    Avp, Strategy & Planning
    Citi Sep 2001 - Dec 2002
    New York, New York, Us
    Performed various recurring and ad-hoc analyses in support of strategic management decisions. Analyzed data and comparative financial information for senior management (CEO, CFO) presentations.
  • Citigroup
    Relationship Service Manager, Fx
    Citigroup Aug 1998 - Aug 2001
    Los Angeles, Us
    Ensured customer satisfaction in the field of FX Operations and proper functioning of multinational cash management arrangements for our largest clients. Optimized processes. Advised clients on complex treasury issues (e.g., FAS 133, hedging, etc.).- Increased customer satisfaction from 23% (1999), 67% (2000) to 92% (2001)
  • Citigroup, Amsterdam
    Head Of Independent Control
    Citigroup, Amsterdam Feb 1998 - Aug 1998
    New York, New York, Us
  • Rothmans International, Amsterdam
    Assistant Treasurer
    Rothmans International, Amsterdam Sep 1996 - Jan 1998
    Ca
  • Rabobank
    Intern, Derivatives Sales
    Rabobank Apr 1996 - Aug 1996
    Utrecht, Utrecht, Nl

Pascal Weel Skills

Capital Markets Derivatives Fixed Income Treasury Management Risk Management Structured Products Financial Risk Fx Options Financial Markets Banking Hedging Treasury Structured Finance Bonds Bloomberg Market Risk Interest Rate Risk Management Securitization Equities Investment Banking Middle Office Interest Rate Derivatives Funding Credit Cash Management Finance Liquidity Management Green Bonds

Pascal Weel Education Details

  • Professional Risk Managers' International Association
    Professional Risk Managers' International Association
    Professional Risk Manager
  • Cfa Institute
    Cfa Institute
    Chartered Financial Analyst
  • Vrije Universiteit Amsterdam (Vu Amsterdam)
    Vrije Universiteit Amsterdam (Vu Amsterdam)
    Chartered Treasurer
  • University Of Amsterdam
    University Of Amsterdam
    International Financial Economics
  • University Of Hohenheim
    University Of Hohenheim
    Graduate Semester On The Economic Consequences Of The German Reunification
  • University Of Amsterdam
    University Of Amsterdam
    Political Science / International Relations
  • St Ignatius
    St Ignatius
    High School

Frequently Asked Questions about Pascal Weel

What company does Pascal Weel work for?

Pascal Weel works for Ing Americas

What is Pascal Weel's role at the current company?

Pascal Weel's current role is Director of Financial Risk Management.

What is Pascal Weel's email address?

Pascal Weel's email address is pa****@****fed.org

What schools did Pascal Weel attend?

Pascal Weel attended Professional Risk Managers' International Association, Cfa Institute, Vrije Universiteit Amsterdam (Vu Amsterdam), University Of Amsterdam, University Of Hohenheim, University Of Amsterdam, St Ignatius.

What skills is Pascal Weel known for?

Pascal Weel has skills like Capital Markets, Derivatives, Fixed Income, Treasury Management, Risk Management, Structured Products, Financial Risk, Fx Options, Financial Markets, Banking, Hedging, Treasury.

Who are Pascal Weel's colleagues?

Pascal Weel's colleagues are Nieves Rodríguez, Cfa, Vaishali Agarwal, Yanming(Sherman) Xu, Alexander Karman, Emiel Van Der Wekken, Paul Gagnez, Anthony Yaneza.

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