Climate and Disaster Risk Finance and Insurance (CDRFI) Consultant

Technical Support
2400000088 Requisition #

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:

Latin American countries are exposed to a growing number of adverse climate events. In recent times, because of climate change, these events have not only been more frequent but also more devastating in terms of the economic losses they have caused. Therefore, it is imperative to promote the development and implementation of financial risk management strategies and solutions. The potential benefits of focusing on this type of ex-ante solutions are greater than their eventual costs and allow countries to reduce their fiscal and financial vulnerability to these events.

The Connectivity, Markets, and Finance Division (IFD/CMF), through the Risk Financing and Insurance Technical Group, has been supporting IDB’s borrowing member countries in the design and implementation of strategies and programs for the financing and transfer of climate and disaster risks, through a combination of different financial instruments. The main instrument deployed has been the Contingent Credit Facility (CCF), which seeks to provide borrowing member countries with liquid resources immediately after the occurrence of a disaster of severe to catastrophic proportions to help them deploy humanitarian assistance, restore basic services to the population, and other response measures. The Bank has been using the CCF for 15 years, providing coverage for approximately US$3.5 billion to 17 countries in the region for earthquakes, hurricanes, floods, and other risks.

As a result of the above, the IDB has positioned itself as one of the main multilateral institutions supporting the countries of Latin America and the Caribbean in the area of financial management of disaster and climate change risks that affect the public sector, the productive sectors (such as the agricultural sector) and the population in general. There is a growing demand from borrowing countries for both technical assistance and climate and disaster risk financing and insurance instruments.

We are looking to strengthen its technical team by incorporating a Climate and Disaster Risk Finance and Insurance (CDRFI) Consultant with the necessary capacity and experience to support the design and implementation of strategies and programs, as well as the development of innovative financial solutions for climate and disaster risk financing for both the public and private sectors, as well as the generation of technical knowledge on the subject.

You will work with the Risk Financing and Insurance Technical Group in the Connectivity Markets, and Finance Division, part of the Institutions for Development Department.

What you will do:

  • Conduct methodological analysis for the design and operational implementation of climate and disaster risk financing and transfer programs.
  • Participate in the design and implementation of lending and technical assistance programs and projects.
  • Contribute to the technical dialogue and capacity building of governments and financial sector institutions in the strategic management of climate and disaster risks.
  • Provide technical recommendations to improve the Bank's risk management products and financial instruments.
  • Participate in the development of innovations in risk transfer (e.g. agriculture insurance, risk pooling)
  • Generate and maintain strategic alliances with the private sector, academic and scientific institutions, multilateral and humanitarian organizations, and institutions dedicated to climate financing, among others
  • Contribute to the production of technical notes and other relevant documents for the dissemination of the knowledge generated by the Bank related to DRFI.

What you will need:

  • Education: Master’s degree in finance, economics, law, or other fields relevant to the responsibilities of the role.
  • Experience: Between 5 and 10 years of progressive experience in the public and/or private financial sector, or in multilateral organizations, where you have participated in the analysis, design, and successful implementation of risk financing strategies, programs and/or projects. You must have relevant work experience and an advanced understanding in the field of risk financing. Experience in probabilistic modeling with stochastic methods will be highly valued.
  • Languages: Proficiency in Spanish and English, spoken and written, is required. Additional knowledge of French and Portuguese is preferable.

Key skills:

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


  • 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: 12 months. (Possible extensions up to 24 additional 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  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.

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