Back Treasury & Risk Associate -Derivatives Risk

Treasury & Risk Associate – Derivatives Risk

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) is looking for a dynamic and innovative derivatives risk management Associate who will help us change people’s lives in Latin America and the Caribbean and implement initiatives in its Treasury Risk Management (RMT) Unit. These activities are part of RMG’s goals to further strengthen the framework for analyzing, measuring, and managing risks in the Bank's Treasury portfolios.

What you’ll do:

This position will be responsible for implementing initiatives and work programs on derivatives portfolio risk measurement, collateral management, ISDA/CSA negotiation, risk guidelines and limits, risk control and monitoring and risk reporting.

• Leverage the use of the Bank’s internal Derivative Counterparty Risk Management (DCRM) system to produce daily derivative risk measures and reports.
• Ensure accuracy of daily swap valuation for collateral management. Communicate effectively with counterparties to agree on margin calls and solve disputes in valuation, ensuring timely posting of collateral.
• Collaborate in the assessment and monitoring of derivative portfolio risks, applying metrics and tools for scenario analysis and stress testing to give senior management a comprehensive view of risk positions, market conditions, and the impact of new initiatives.
• Negotiate new ISDA Swap Agreements and amendments to existing agreements and collaborate on analyzing the impact of new developments in regulations in coordination with TRY and LEG.
• Lead the enhancement of processes for risk monitoring, data analysis and visualization, and collateral management through automating procedures and proposing innovative solutions where required.
• Maintain and update a database of key assumptions and market inputs required to run portfolio risk measures, including Value-at-Risk (VaR), risk sensitivities, potential credit exposures and other metrics.
• Conduct research and data analysis to support revisions to risk guidelines and limits, as well as ISDA/CSA collateral and risk mitigation provisions.
• Monitor risks and prepare a summary of relevant market and portfolio developments to be presented at weekly capital market meetings.

  What you'll need:

  · Education: Master’s degree in Finance, Business Administration, Economics, Statistics, Computer Science, or a related discipline preferred. Strong quantitative background preferred.

  · Experience: At least 5 years of experience in finance preferred, capital markets, risk management and/or portfolio management with exposure to derivatives a plus. Outstanding analytical and problem-solving skills, with ability to add value to the risk management process through creative thinking and in-depth and disciplined analyses. Strong communication skills, including the ability to draft well-written, coherent analyses and documents for senior management.

  · Languages: Fluency in English required.

  📚 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!

  Key Skills

  · Learn continuously

  · Collaborate and share knowledge

  · Focus on clients

  · Communicate and influence

  · Innovate and try new things

  Requirements

  · Citizenship: You are a citizen of one of our 48-member countries. We may offer assistance with relocation and visa applications for you and your eligible dependents.

  · 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

  · International staff contract, 36 months initially, renewable upon mutual agreement.