Financial Risk Consultant
JOB DETAIL
Post of duty: Washington, DC
The IDB Group is a community of diverse, versatile, and passionate people who come together on a journey to improve lives in Latin America and the Caribbean. Our people find purpose and do what they love in an inclusive, collaborative, agile, and rewarding environment.
About this position
IDB Lab is looking for a dynamic, results-oriented, and client-focused risk management consultant. As a risk management consultant, you will provide support on risk management activities for IDB Lab operations, as well as for the IDB Lab as an entity. The main focus of the assignment will be financial risk management of IDB Lab Operations.
What you’ll do:
· Develop and implement a financial risk framework for IDB Lab’s operations by identifying and measuring risks at the product, client and sector level among others, including specific methodologies and processes for measuring risk related to venture capital investments and portfolio.
· Provide expertise and technical advice in the identification, analysis, and management of financial risks present in IDB Lab’s operations. The definition and implementation of this framework should be coordinated with the Portfolio Tribe Team and embedded in the Portfolio Risk Management tools and guidelines.
· Analyze our investment portfolios (direct equity investments, venture capital funds, lending products as well as contingent grants) to identify high financial and operational risks. Provide support, maintenance, and updates to the operation risk framework already in place, and while enhancing, designing, and expanding the financial risk framework.
· Develop comprehensive strategies for mitigating identified risks, safeguarding IDB Lab’s Portfolio quality, and supporting our mission.
· Analyze IDBG’s existing risk policies and private sector practices to assess the appropriate level of alignment with IDB Lab’s risk tolerance and business practices.
· Review existing IDB Lab operational framework and update existent risk management tools (governance documents, project risk methodologies, project, and entity risk appetite), if needed and requested, as well as to coordinate quarterly Risk Management Committee meetings.
· Regarding the IDB Lab operational framework, gather feedback from specialists about adequateness in day-to-day operational implementation and identify areas for enhancement.
· Develop an implementation strategy and workflow to integrate existing risk frameworks in areas of non-financial, integrity and ESG.
· Prepare comprehensive reports that clearly communicate risk assessment results, mitigation strategies, and recommendations to stakeholders within the Integrated Risk Management Framework (IRMF).
· Be involved in the maintenance, improvement, and evolution of the risk monitoring tool in Salesforce and the associated dashboard. This will be done in coordination with the Digitribe.
What you’ll need:
· Education: Master’s degree or equivalent in finance, risk management or related field. Certifications such as FRM (Financial Risk Manager) or CFA (Chartered Financial Analyst) are highly desirable.
· Experience: At least 7 years of professional experience in financial risk management, with a significant focus on direct equity investments, venture capital funds, and lending risks. Demonstrated experience working in or with markets in Latin America and the Caribbean. Proven track record in implementing or enhancing Integrated Risk Management Frameworks, particularly in the context of project-based investment risk management.
· Languages: Proficiency in Spanish and English, spoken and written, is required. Additional knowledge of French and Portuguese is a plus.
Key Skills:
· Exceptional skills in credit analysis and financial risk. Ability to interpret complex financial data and derive insightful conclusions.
· Excellent communication skills, including the ability to clearly explain complex financial and risk management concepts to a diverse audience. Proficiency in preparing and delivering formal presentations to stakeholders.
· Ability to think strategically and holistically about risk factors and financial performance, contributing to the firm’s broader mission and objectives.
· Advanced user of financial software tools and applications, including risk assessment and financial modeling platforms.
· Demonstrated ability to work effectively in multidisciplinary teams, showing a collaborative mindset and contributing to a positive work environment.
· Solid experience in MS products (especially Excel) and other systems such as Tableau or Power BI desirable.
· Understanding of global financial risk management standards and practices, particularly as they relate to equity investments, venture capital, and lending in emerging markets.
Requirements:
· Citizenship: You are a citizen of one of our 48-member countries.
· Consanguinity: You have no family members (up to the fourth degree of consanguinity and second degree of affinity, including spouse) working at the IDB, IDB Invest, or IDB Lab.
Type of contract and duration:
· Type of contract: International Consultant Full-Time.
· Length of contract: 12 months.
· Work Location: On site.
What we offer
The IDB group provides benefits that respond to the different needs and moments of an employee’s life. These benefits include:
· A competitive compensation packages.
· Leaves and vacations: 2 days per month of contract + gender- neutral parental leave.
· Health Insurance: the IDB Group provides a monthly allowance for the purchase of health insurance.
· Savings plan: The IDB Group cares about your future, depending on the length of the contract, you will receive a monthly savings plan allowance.
· We offer assistance with relocation and visa applications for you and your family when it applies.
· Hybrid and flexible work schedules.
· Development support: We offer learning opportunities to boost your professional profile such as seminars, 1:1 professional counseling, and much more.
· Health and wellbeing: Access to our Health Services Center which provides preventive care and health education for all employees.
· Other perks: Lactation Room, Daycare Center, Gym, Bike Racks, Parking, and others.
Consultant Part-Time
· A competitive compensation packages.
· A flexible way of working. You will be evaluated by deliverable.
Our culture
At the IDB Group we work so everyone brings their best and authentic selves to work, willing to try new approaches without fear, and where they are accountable and rewarded for their actions.
Diversity, Equity, Inclusion and Belonging (DEIB) are at the center of our organization. We celebrate all dimensions of diversity and encourage women, LGBTQ+ people, persons with disabilities, Afro-descendants, and Indigenous people to apply.
We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job interview process. If you are a qualified candidate with a disability, please e-mail us at diversity@iadb.org to request reasonable accommodation to complete this application.
Our Human Resources Team reviews carefully every application.
About the IDB Group
The IDB Group, composed of the Inter-American Development Bank (IDB), IDB Invest, and the IDB Lab offers flexible financing solutions to its member countries to finance economic and social development through lending and grants to public and private entities in Latin America and the Caribbean.
About IDB
We work to improve lives in Latin America and the Caribbean. Through financial and technical support for countries working to reduce poverty and inequality, we help improve health and education and advance infrastructure. Our aim is to achieve development in a sustainable, climate-friendly way. With a history dating back to 1959, today we are the leading source of development financing for Latin America and the Caribbean. We provide loans, grants, and technical assistance; and we conduct extensive research. We maintain a strong commitment to achieving measurable results and the highest standards of integrity, transparency, and accountability.
Follow us:
https://www.linkedin.com/company/inter-american-development-bank/
https://www.facebook.com/IADB.org
About IDB Lab
Is the innovation laboratory of the IDB Group. We mobilize financing, knowledge, and connections to drive innovation for inclusion in Latin America and the Caribbean. We believe innovation is a powerful tool that can transform our region, providing today unprecedented opportunities to populations that are vulnerable due to economic, social, or environmental factors. IDB Lab has a commitment to gender quality and diversity as part of its development mandate. The Strategy and Impact unit supports IDB Lab in the development of strategy, connections and knowledge, and impact measurement and reporting.
Follow us:
https://www.linkedin.com/company/idblab/
https://www.facebook.com/IDBLab
