PWC: Deals Forensic Services – Carbon Markets Director

In Deals we solve the important problems that stand in the way of value being created, sustained, realised or protected for our clients – working together to aid responsible recovery and growth.

We put together major mergers and acquisitions and resolve business crises – from international take-over bids to financial crime investigations and cases of insolvency. Our teams work on iconic deals with national and global clients as well as operating and investing in businesses, new ventures and entrepreneurs in our local market and communities. It’s both a responsibility and a privilege to guide our clients through moments that matter deeply to them. Our breadth of clients in an ever-changing market means we need to be agile – responding when we need to, in a way that really makes a difference.

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We draw upon our deals experience across many industries to support and partner with our clients, to positively impact society and the communities in which we operate. The insight we create, coupled with the innovative tools and methodologies we use to access and evaluate the data that matters, contributes to the success of our clients in all Deals situations. We encourage our clients to think more broadly – connecting their actions today with their successes tomorrow. We help our clients throughout the Deals lifecycle to create lasting value for their businesses.

Each of our key areas within Deals, delivers services to the market individually or together by combining our specialists to provide comprehensive client solutions.

PwC’s Forensic Services team comprises around 670 people in the UK, based in London, Belfast, Birmingham, Edinburgh, Leeds, Manchester and, most recently, the South East region. The group’s services are wide ranging and include dispute resolution, fraud and other financial investigations, non-financial investigations, construction claims, contract reviews and licensing management. Our group includes accountants, former regulators, civil engineers and IT specialists and we are part of a global network of over 1700 Forensic Services professionals within the global PwC network.

About the role

With the ever increasing focus on ESG across all industries and sectors, the carbon market, and how to account and report on carbon related activity, is playing an ever more important role in how companies respond. Complexity, new regulations and stakeholder pressure could present a risk of manipulation and error.

In particular:

  • Fraudulent manipulation of carbon measurements or statements from projects than were actually obtained;

  • Sale of carbon credits that either do not exist or belong to someone else;

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  • False or misleading claims with respect to the environmental or financial benefits of carbon market investments (i.e. greenwashing); and

  • Exploitation of weak regulations in the carbon market to commit financial crimes, such as money laundering, market abuse, securities fraud or tax fraud.

Carbon accounting and reporting is a growing market area where Forensics would like to build on our existing capabilities to further establish ourselves as the leading practice in this area. The opportunities for Forensics include:

Carbon credit fraud and VAT fraud inv. – Investigate specific carbon market fraud issues such as carbon credit VAT fraud.

Carbon accounting disputes requiring expert witness – Calculate damages associated with greenwashing claims and impact of carbon accounting on transactions post-deal; act as a carbon accounting expert for associated arbitration and litigation cases.

Carbon market abuse and rogue trading – Investigate market manipulation in carbon markets by utilising existing financial market abuse skills/capabilities and relying on carbon market experts.

Carbon accounting for capital projects – Apply carbon accounting to evaluate and manage the carbon credits in large-scale capital projects.

The responsibilities of the role will include:

  • Responsibility for leading the development of carbon related Forensics propositions, building our reputation as an expert in Carbon Markets across the market

  • Working closely with teams across our four competencies in a SME advisory role, supporting investigations, disputes and capital projects.

  • Working with Clients to get an understanding of their challenges across their Carbon market related activities and identifying where PwC can support.

  • Working with the senior leadership team to assess opportunities for further growth and work with the team to take advantage of these.

Key Responsibilities

To really stand out and make us fit for the future in a constantly changing world, each and every one of us at PwC needs to be a purpose-led and values-driven leader at every level. To help us achieve this we have the PwC Professional; our global leadership development framework. It gives us a single set of expectations across our lines, geographies and career paths, and provides transparency on the skills we need as individuals to be successful and progress in our careers, now and in the future.

As a Director, you’ll work as part of a team of problem solvers, helping to solve complex business issues from strategy to execution. PwC Professional skills and responsibilities for this management level include but are not limited to:

  • Support team to disrupt, improve and evolve ways of working when necessary.

  • Arrange and sponsor appropriate assignments and experiences to help people realise their potential and support their long-term aspirations.

  • Identify gaps in the market and spot opportunities to create value propositions.

  • Look for opportunities to scale efficiencies and new ways of working across multiple projects and environments.

  • Create an environment where people and technology thrive together to accomplish more than they could apart.

  • I promote and encourage others to value differences when working in diverse teams.

  • Drive and take ownership for developing connections that help deliver what is best for our people and stakeholders.

  • Influence and facilitate the creation of long-term relationships which add value to the firm.

  • Uphold the firm’s code of ethics and business conduct

Essential Skills & Experience Required

  • Ability to interpret the: quantification of carbon credits and carbon market regulations / Emissions Trading Schemes, with a focus on the UK ETS and EU ETS.

  • Experience with carbon foot printing, carbon reporting, Net Zero and GHG / sustainability reporting.

  • Ability to maintain a strong client focus across multiple client engagement teams, sharing responsibility, providing support and coaching to junior team members, developing relationships, and maintaining communication with senior team members.

  • Ability to maintain new business development by highlighting potential opportunities for new engagements and responding to tenders.

  • Gather, analyse, and distribute information regarding developments in Carbon Markets to our clients and our practice.

  • Ability to network effectively within large organisations and build relationships with individuals and clients.

Desirable Skills & Experience Required

  • Ability to quantify carbon credits and calculate carbon VAT

  • Experience of carbon market trading, carbon accounting and pricing

  • Ability to build and interpret carbon accounting models

  • Experience of implementing carbon offset projects and application of program and methodology requirements throughout the project lifecycle

  • Responsible, reliable and trustworthy.

  • Strong team player Self-motivated, independent-thinker

This role can be based in London or any of our regional hubs

Deals
Our Deals business is an exciting, fast-paced and an ever-growing business that focuses on deals and crisis situations for our clients. Collectively, we deal with the types of situations you hear about regularly in the news and we provide support, insight and analysis to the management, shareholders and financiers of business.

Not the role for you?
Did you know PwC offer flexible contract arrangements as well as contingent work (ie temporary or day rate contracting)?

The skills we look for in future employees
All our people need to demonstrate the skills and behaviours that support us in delivering our business strategy. This is important to the work we do for our business, and our clients. These skills and behaviours make up our global leadership framework, ‘The PwC Professional’ and are made up of five core attributes; whole leadership, technical capabilities, business acumen, global acumen and relationships.

Learn more here: www.pwc.com/uk/careers/experienced/apply

The Deal
We want all of our people to feel empowered to be the best that they can be, which is why we have ‘The Deal’.

Find out more about our firmwide Employee Value Proposition: https://www.pwc.co.uk/careers/about-us/the-new-deal.html

Diversity
Valuing Difference. Driving Inclusion.

We work in a changing world which offers great opportunities for people with diverse backgrounds and experiences. We seek to attract and employ the best people from the widest talent pool because creating value through diversity is what makes us strong as a business, enabling us to solve important problems and deliver value to our clients. We encourage an inclusive culture where people can be themselves, are valued for their strengths and are empowered to be the best they can be. As an organisation with an increasingly agile workforce, we also support different ways of working offering flexible working arrangements. Learn more here about our work to support an inclusive culture.

www.pwc.com/uk/diversity

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