Back RMG/RMT Risk Management - Derivatives Consultant

Post of duty: Headquarters – Washington, DC, United States.

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 Office of Risk Management (RMG) at the Inter-American Development Bank (IDB) is looking for a dynamic and innovative derivatives risk management consultant who will help us change people lives in Latin America and the Caribbean implement several initiatives and tasks in its Treasury Risk Management (RMT) Unit. These activities are consistent with RMG’s goals to further strengthen the framework for analyzing, measuring, and managing risks in the Bank's Treasury portfolios.

What you’ll do:

Working in coordination with other RMT and Bank staff, the candidate will implement a number of initiatives and functions including portfolio stress testing and risk measurement, swap valuation and collateral management, portfolio risk monitoring and reporting, and negotiation of ISDA Master Agreements.

• Leverage use of the Bank’s systems to produce daily derivative risk measures and reports; assist in daily swap valuation and collateral management to ensure accurate and efficient operations.
• Collaborate with RMT staff to evaluate and monitor risks associated with the derivative portfolio, employing relevant metrics, scenario analysis, and stress testing tools.
• Support RMT staff in negotiating new ISDA Master Agreements, GRMAs, and amendments to existing agreements and analyzing the implications of new regulatory developments in collaboration with Treasury and Legal teams.
• Monitor and summarize relevant market and portfolio developments, presenting findings at weekly capital market meetings.
• Test and evaluate alternative risk measures and platforms.
• Perform research and data analysis to support the revision of risk guidelines and limits, as well as ISDA/CSA collateral and risk mitigation provisions.
• Identify opportunities for process automation and optimization in reporting, ensuring efficiency and accuracy.
• Coordinate with multiple units in Finance and RMG on the timely collection and validation of standard and ad-hoc additional data and information needed for the Risk Management Report document, PowerPoint presentation and related Dashboard.
• Contribute to the completion of various components of the Risk Management Report, working with other RMG officers in the generation of interim and final documents, and support the development of Power BI-based tables and charts.
• Implement and monitor processes for compliance monitoring on risk policies, guidelines and limits designed to control market, credit, and liquidity risks in the Bank’s treasury portfolios, disseminating notifications of breaches as appropriate.

  What you'll need

  📚 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!

  • Education: Strong quantitative background. Master’s degree in Finance, Business Administration, Economics, Statistics, Computer Science, or a related discipline preferred.
  • Coding skills: Mid-level knowledge in VBA, Python (primarily pandas) and SQL. This will be tested.
  • Experience: At least 5 years of experience in finance, capital markets, risk management and/or portfolio management with exposure to derivatives a plus..
  • Languages: Proficiency in English.

    Key skills:

    • Learn continuously.
    • Collaborate and share knowledge.
    • Communicate and influence.
    • Innovate and try new things.
    • Attention to details.

      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: 24 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.
          • 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