Back Multi-factor & quantitative risk management consultant

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

The team: The Office of Risk Management (RMG) performs the second line role in managing risk within the organization, including the assessment of credit, operational and market risks. RMG is responsible for strengthening the Bank's capacity to identify, measure and manage the credit risks of the Bank in its loan portfolio, and its treasury activities including derivatives. It also manages the Bank's exposure to market and operational risks.

The Multi-factor & Quantitative Risk Management project aims to develop, maintain, and upgrade systemic (multi-dimensional) risk management models, including related tools, policy recommendations, reports, and guidelines.

What you’ll do:

Multi-factor & Quantitative Risk Management Consultant

• Cooordinate the establishment of multi-factor risk management models to quantify systemic risk exposure, and perform stress tests to assess the Bank's portfolio resilience to extreme scenarios, including generating periodic reports for the Senior Management and relevant committees of the Board.
• Coordinate Scenario analysis process, engaging with stakeholders within RMG and across the Bank to create scenarios that include multi-factor risk considerations.
• Support RMG digital transformation process, and set standards for visualization, in line with IDB policies; develop and maintain dashboards to support RMG Groups.
• Generate knowledge repository of methods and best practices and track the Bank's efforts to comply with the recommendations derived from systemic (multi-factor) risk management models and provides feedback, knowledge, and lessons learned.

  What you'll need

  • Education: Master's degree or equivalent in Business Administration, Finance, Mathematics, Economics, Accounting, or other relevant field.
  • Experience: At least 10 years of relevant experience in risk management, finance, or related areas. Experience leading teams or projects at international financial institutions is a plus. Other skills: outstanding analytical and problem-solving skills, with a clear ability to add value to the risk management process through creative thinking and in-depth and disciplined analyses; proven ability to apply broad and deep knowledge of financial markets, products, and processes to address the risks from a multi-dimensional perspective; seasoned in the use of financial and risk management models and tools; knowledge of relevant banking regulation, including regulatory frameworks such as Basel; ability to draft well-written, coherent analyses and proposals to senior management and to engage senior decision-makers on complex risk issues. ability to attract, select, and motivate talented and diverse staff; an outstanding, effective people manager who models inclusive behaviors and promotes diversity.
  • Languages: Proficiency in English.

    Key skills:

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

      Requirements:

      📚 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!

      • 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: 19 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 to request reasonable accommodation to complete this application.

            Our Human Resources Team reviews carefully every application.

            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.

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