Capital Adequacy and Rating Agencies Consultant

📁
Technical Support
📅
2400000993 Requisition #

Post of duty: Washington D.C.

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:

We are looking for a motivated and disciplined Risk Consultant with a background in financial risk and financial modeling. As Capital Adequacy and Credit Rating Agency Consultant you will be supporting the implementation financial models to assess capital requirements for lending portfolios as per the credit rating agencies methodologies and the internal Economic Capital Model.

The ideal candidate will be able to quickly understand the institution’s financial position to support the capital adequacy assessment, planning, and analysis. The role requires advanced expertise in financial/capital forecasting and a good understanding of macroeconomic dynamics that can impact the creditworthiness of sovereigns.

You will work in the Credit Risk Management Unit as part of the Office of Risk Management (RMG). The Credit Risk Management Unit (RMC) develops and applies models and instruments for the assessment and management of credit risk in the Bank’s lending operations and capital requirements. It recommends approval and performs periodic credit assessments of issuers and counterparts in Treasury operations. RMC is in charge of quantifying and overseeing the Bank’s Capital Adequacy Policy. 

 

What you’ll do: 

  1. Collaborate with senior analysts in capital planning and balance sheet forecasts to maintain shadow credit rating methodologies and assess the impact of new businesses or products on capital adequacy.
  2. Collaborate with senior analysts to enhance analysis and forecasts and optimize capital.
  3. Master and monitor rating agency methodologies for supranational organizations and support incorporating methodology changes in the Bank’s corresponding capital adequacy models.
  4. Evaluate, monitor, and report on credit risk transfer transactions (including guarantees, insurance, etc.) with other MDB’s, governments, traditional insurers, or the capital markets.
  5. Support senior analysts in managing analytics for economic capital.
  6. Evaluate and develop proposal for the economic capital treatment of new credit instruments and risk transfer initiatives.
  7. Support the periodic assessment, monitoring and reporting on IDB’s capital adequacy framework to the Asset Liability Committee (ALCO) and the Board of Directors. Create tools and dashboards that can enhance and improve risk analysis.
  8. Participate in the drafting of presentations and reports to senior management.

What you'll need:

  • Education: Master’s degree (or equivalent advanced degree) in Finance, or related quantitative background in an accredited University.
  • Experience: At least 5 years of professional experience in jobs related to financial modeling for Banks, capital adequacy, or a similar relevant field.
  • 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.

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: 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:

  • 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 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:

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.

Follow us:

https://www.linkedin.com/company/inter-american-development-bank/

https://www.facebook.com/IADB.org

https://twitter.com/the_IDB

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