Location:

New York, United States
Salary:

negotiable / YEAR
Job type:

FULL_TIME
Posted:

6 months ago
Category:

Audit and Oversight, Evaluation, Management and Strategy, Treasury and Investment
Deadline:

01/07/2024

JOB DESCRIPTION

Risk Management Senior Officer/Lead Officer – Capital Management

Washington, DC

IDB Invest, the private sector arm of 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.

IDB Invest is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results and maximize economic, social, and environmental development in the region. With a portfolio of $20.9 billion under management and ~500 clients in 25 countries, IDB Invest provides innovative financial solutions and advisory services that meet the needs of its clients in a variety of industries.

We are looking for a dynamic professional to support the Risk Management Department of IDB Invest in developing and deploying advanced capital management methodologies and tools.

The objective of this function is to directly support the Chief Risk Officer (CRO), and the Financial and Operational Risk Division of the Risk Management Department (RSM/FOR), in Capital Management and Capital Optimization initiatives in the context of the originate-to-share strategy for the IDB Invest+ business model.

WHAT YOU WILL DO:

The responsibilities will include:

Capital Management: Coordinate with the Finance Department on the calculation of historical and projected capital ratios under various methodologies incorporating risk transfer. Develop metrics to assess different risk transfer modalities and mobilization strategies. Support capital assessment as per external credit rating agencies approaches to risk transfer. Serve as a source of expertise on rating agency methodologies and analytics.

Capital Optimization: Support decision making for capital allocation. Evaluate capital efficiency for multiple risk transfer products and develop decision hierarchy and prioritization. Consider G20 Capital Adequacy Framework (CAF G20) recommendations in pursuing capital optimization on the Development Related Asset (DRA) and the Treasury portfolios as well as evaluate alternative sources of liquidity and funding such as hybrid capital and guarantees. Benchmark with other MDBs on the internal models and thresholds for deploying capital.
Stress Test and Scenario Analysis: Perform quantitative and qualitative scenario analysis to determine sensitivity of capital ratios to various economic and financial scenarios.

The selected candidate will collaborate with the four teams within the Risk Department: Credit Risk, Financial and Operational Risk, Social and Environmental Risk and Special Assets.

WHAT YOU WILL NEED:

Education: Master’s degree or equivalent advance degree in a field related to risk management. CFA is a plus.
Experience: At least 5 years of relevant financial and risk experience in developing models and quantitative methods. Required knowledge of rating agency methodologies on risk transfers, securitization and supranationals ratings criteria is a plus.
Languages: oral and written proficiency in English and ability to communicate in Spanish or Portuguese.

KEY SKILLS:

Learn continuously
Collaborate and share knowledge
Focus on clients
Communicate and influence
Innovate and try new things

REQUIREMENTS

Citizenship: No requirements.
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: International Staff contract, 36 months initially, renewable upon mutual agreement.
Location: Washington, DC

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 package.
Leave and vacations: 24 days of paid time off + 8 personal days + sick leave + gender- neutral parental leave.
Health Insurance: the IDB Group provides employees and eligible dependents with a robust medical benefits program that covers medical, dental, vision, preventive care, and prescription drugs.
Pension plan: defined benefit pension plan that provides financial security and support employees in planning for their future.
We offer assistance with relocation and visa applications for you and your family when it applies.
Hybrid and flexible work schedules.
Health and wellbeing: Access to our Health Services Center which provides preventive care and health education for all employees.
Development support: We offer tools to boost your professional profile such as mentoring, 1:1 professional counseling, training and learning opportunities, language classes, mobility options, among others.
Other perks: Lactation Room, Daycare Center, Gym, Bike Racks, Parking, Spouse Career Program and others.

Our culture

At the IDB Group we work so everyone brings their best and authentic selves to work, willing to try innovate 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.

Follow us:

https://www.linkedin.com/company/idbinvest/

https://www.facebook.com/IDBInvest

https://twitter.com/BIDInvest

Additional Information