IDBInvest Model Risk Officer/Senior Officer

What you'll need

• Education: Master's degree in a quantitative field, preferably in mathematics, economics, engineering, statistics, actuarial science, risk or finance. FRM/CFA is a plus.
• Experience: 4+ years of technical experience developing or evaluating market risk models (e.g. Interest Rate/FX simulation models, volatility models, VaR, XVA, CCR, Funding/ALM models), derivatives pricing models, and credit risk models (e.g. PD, LGD, EAD, credit VaR (e.g. Risk Frontier); knowledge of financial data sourcing, processing and infrastructure, coding; knowledge of statistical techniques for data sampling, predictive models, monte-carlo simulations, parameter estimation and statistical significance, hypothesis testing, model selection; experience in the validation of Bloomberg’s suite of models (e.g. BRM, XBM); hands-on experience in producing advanced reports with BI tools, especially Power BI. Additional experiences in pricing models for securitization products, economic capital models, credit provisioning models, or operational risk models will be considered a plus; strong communication skills, including preparation and delivery of presentations to Management; process oriented to designing and implement automated process.
• Languages: Proficiency in English and one of the other Bank official languages (Spanish, French or Portuguese) is required.
• Systems: Advanced user of Microsoft tools (e.g. Excel, Powerpoint, Word, and Power BI (other similar tools like Tableau will be also considered)), SQL; Advanced coding skills (e.g. VBA, R, MATLAB, Python, Quantlib, Julia)

Key skills

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

Requirements

• Citizenship: No requirements
• Consanguinity: You have no family members (up to fourth degree of consanguinity and second degree of affinity, including spouse) working at the IDB Group

Type of contract and duration

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

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 package.
• Leaves and vacations: 24 days of paid time off + 8 personal days + sick leave + gender- neutral parental leave.
• Health Insurance: IDB Group provides employees and eligible dependents with a robust medical benefits program that covers medical, dental, vision, preventive care, and prescription drugs.
• Pension plan: defined benefit pension plan that provides financial security and supports employees in planning for their future.
• We offer assistance with relocation and visa applications for you and your family when it applies
• Hybrid and flexible work schedules.
• Health and wellbeing: Access to our Health Services Center which provides preventive care and health education for employees.
• Development support: We offer tools to boost your professional profile such as mentoring, 1:1 professional counseling, training and learning opportunities, language classes, mobility options, among others.
• Other perks include a lactation room, daycare center, gym, bike racks, parking, a spouse career program, 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 a 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 Invest 

IDB Invest, a member of the IDB Group, is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results and maximize economic, social, and environmental development in the region. With a portfolio of $14.1 billion in asset management and 325 clients in 25 countries, IDB Invest provides innovative financial solutions and advisory services that meet the needs of its clients in a variety of industries. 

Follow us:

https://www.linkedin.com/company/idbinvest/ 

https://www.facebook.com/IDBInvest  

https://twitter.com/BIDInvest