The Inter-American Development Bank (IDB) is dedicated to supporting Latin American and Caribbean countries by financing and advising on projects that drive economic development and regional integration. Its focus includes fostering innovation, improving infrastructure, and addressing social challenges through strategic investments and policy guidance. By leveraging its extensive expertise and regional knowledge, the IDB aims to stimulate sustainable growth and enhance the quality of life across the Americas.
IDB Invest – Model Risk Officer/Senior Officer
Location: Washington DC – Headquarters
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.
About this position
The Financial and Operational Risk Management Division is looking for a professional with a financial model development and validation background, specifically in credit and market risk models, to support IDB Invest management with model risk governance.
The candidate is expected to be a knowledgeable, proactive, self-starter and actively contribute to the development of automated reports, models, processes, and controls related to the function.
The Financial and Operational Risk Management Division, part of the Risk Management Department, is responsible for managing the financial and non-financial risks of IDB Invest, including operational risk.
The team is divided into four main groups:
This group is also responsible for counterparty credit risk management.
This position is to work in the Model Risk and Capital Adequacy team, reporting to its lead.
The candidate will play a key role in developing and improving the team’s risk management capabilities.
The position will require combining risk management knowledge, experience with the building and the verification and challenge of risk models, coding skills, good understanding of IDB Invest’s policies and limits, project management skills to interact with IT and an excellent hands-on attitude to develop and improve reports and controls in Excel, Power Point, and Power BI. Team spirit, proactivity, intellectual curiosity, adaptability, and a strong desire to be part of IDB Invest.
What you’ll do
This will include, but will not be limited to:
What you’ll need
BRM, XBM); hands-on experience in producing advanced reports with BI tools, especially Power BI. Additional experiences in pricing models for securitization products, economic capital models, credit provisioning models, or operational risk models will be considered a plus; strong communication skills, including preparation and delivery of presentations to Management; process oriented to designing and implement automated process.
VBA, R, MATLAB, Python, Quantlib, Julia)
Key skills
Requirements
Type of contract and duration
What we offer
The IDB Group provides benefits that respond to the different needs and moments of an employee’s life.
These benefits include:
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 a 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 Invest
IDB Invest, a member of the IDB Group, 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 $14.1 billion in asset management and 325 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.
Follow us:
https://www.linkedin.com/company/idbinvest/
https://www.facebook.com/IDBInvest