Back Financial Control and Operational Risk Management Consultant

Post of duty: Washington D.C. - USA

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

The Financial Control & Operational Risk Management Unit, within the Office of Risk Management RMG/ORM is seeking a talented and experienced Financial Control and Operational Risk Management Consultant to support the risk and controls reviews part of the Bank’s Operational Risk Management Framework.

The Financial Control and Operational Risk Management Unit team is responsible for coordinating the activities related to the Bank-wide Operational Risk Management Framework (ORMF), and the activities related to the assessment of the Bank's internal control system to support Management’s assertion on the Bank’s internal controls over financial reporting (ICFR).

What you’ll do:

• Facilitate process walkthrough sessions with the Human Resources Department, as well as divisions within the Knowledge Innovation and Communications and Budget departments, to include, the identification and assessment of risks and controls, key risk indicators, incident and near-miss collection, action plan design and more.
• Support the ICFR cycle executed in accordance with the COSO Internal Control Framework, including walkthroughs, assessment of control design and operational effectiveness, representation memorandum process (annual attestations), and process flow documentation.
• Monitor and support the Human Resources Department’s efforts to implement significant corporate initiatives such as system implementations or new business services or products.
• Provide input to quarterly risk reports to Senior Management and the Board’s Audit Committee on the Bank’s operational risk profile for the Human Resources Department and the status and results of the assessment of effectiveness of ICFR.
• Generate knowledge, ensuring that best practices and lessons learned are captured and shared with others by drafting training materials and conducting training sessions to key audiences on operational risk matters.
• Contribute to the training and development of junior members within RMG/ORM, mentoring them to build technical expertise and leadership skills.
• Maintain an effective liaison and working relationship with the Human Resources Department.
• Serve as a senior-level liaison to the Bank’s external and internal auditors on internal controls on corporate processes.
• Draft and maintain risk Frameworks, Standards and Procedures.

  What you'll need

  • Education: Master’s or equivalent degree in relevant fields such as risk management, finance, business administration or accounting. Or other fields relevant to the responsibilities of the role.
  • Experience: At least/ Between 5 years of relevant experience preferable in operational risk management, internal controls, compliance, or audit, in the assessment of operational risk and internal control systems. Working experience with COSO Internal Control Framework and Bwise system is highly desirable with an international financial institution
  • Languages: Proficiency in English and one of the other Bank official languages (Spanish, French or Portuguese) is required.

    Key skills:

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

      Core and Technical Competencies:

      📚 𝗗𝗶𝘀𝗰𝗼𝘃𝗲𝗿 𝗛𝗼𝘄 𝘁𝗼 𝗚𝗲𝘁 𝗮 𝗝𝗼𝗯 𝗶𝗻 𝘁𝗵𝗲 𝗨𝗡 𝗶𝗻 𝟮𝟬𝟮𝟯! 🌍🤝 𝗥𝗲𝗮𝗱 𝗼𝘂𝗿 𝗡𝗘𝗪 𝗥𝗲𝗰𝗿𝘂𝗶𝘁𝗺𝗲𝗻𝘁 𝗚𝘂𝗶𝗱𝗲 𝘁𝗼 𝘁𝗵𝗲 𝗨𝗡 𝟮𝟬𝟮𝟯 𝘄𝗶𝘁𝗵 𝘁𝗲𝘀𝘁 𝘀𝗮𝗺𝗽𝗹𝗲𝘀 𝗳𝗼𝗿 𝗨𝗡𝗛𝗖𝗥, 𝗪𝗙𝗣, 𝗨𝗡𝗜𝗖𝗘𝗙, 𝗨𝗡𝗗𝗦𝗦, 𝗨𝗡𝗙𝗣𝗔, 𝗜𝗢𝗠 𝗮𝗻𝗱 𝗼𝘁𝗵𝗲𝗿𝘀! 🌐

      ⚠️ 𝐂𝐡𝐚𝐧𝐠𝐞 𝐘𝐨𝐮𝐫 𝐋𝐢𝐟𝐞 𝐍𝐨𝐰: 𝐏𝐨𝐰𝐞𝐫𝐟𝐮𝐥 𝐓𝐞𝐜𝐡𝐧𝐢𝐪𝐮𝐞𝐬 𝐡𝐨𝐰 𝐭𝐨 𝐠𝐞𝐭 𝐚 𝐣𝐨𝐛 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐍𝐚𝐭𝐢𝐨𝐧𝐬 𝐍𝐎𝐖!

      • Extensive knowledge and experience implementing operational risk management frameworks including Risk and Control Self Assessments (RCSA), Control Testing, Key Risk Indicators (KRI), Action Plans and other elements of ORMF
      • Solid foundation and knowledge of operational risk best practices in the financial services industry as it relates to items such as data privacy, third party management, reputational damage and more.
      • Business & Technology Knowledge: Demonstrates business and technology perspective and broad understanding of related processes and frameworks.
      • Internal Control & Technique: Has a solid foundation of internal control knowledge and tools, standards such as COSO Internal Control Framework, and Basel standards, COBIT is a plus.
      • Knowledge and experience on Governance Risk and Compliance (GRC) tools and interpretation of results in the context of business processes is a plus
      • Information Management & Reporting: Develops well-organized, well-written, analytically sound and thorough reports.
      • Strong quantitative and analytical skills.
      • Strong communication skills, both written and spoken, and the ability to influence others.
      • Knowledge of generally accepted accounting principles US GAAP is a plus.
      • Knowledge of risk management related to technological innovations such as Artificial Intelligence, Robotics, Block Chain, a plus.
      • Proficient in the use of Excel, Word, and other Microsoft Office products.
      • Ability to interact with all levels of an organization.
      • Able to work well independently and within a team environment and take initiative to drive for results with assigned tasks.
      • Strong analytical and problem-solving skills, and attention to detail.

        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: 9 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.

              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