Technical Support
1900000964 Requisition #

Risk Management Consultant

Background: The Office of Risk Management (RMG) needs highly specialized technical consultancy services to implement a number of 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: The candidate, will work in coordination with RMT and IDB Group staff, on derivatives risk services for IDB Invest under a Service Level Agreement with IDB, including derivatives portfolio stress testing and risk measurement, implementation of system and reporting enhancements, validation of fixed income and derivatives valuation models, swap valuation and collateral management, and derivatives risk monitoring and reporting. Detailed of activities to perform includes the following:

  • Collaborate with RMT staff in the assessment and monitoring of derivative portfolio risks, applying metrics and tools for scenario analysis and stress testing to enable senior management to have a comprehensive view of risk positions, market conditions, and the impact of new initiatives.
  • 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 a few other metrics. 
  • Support staff in the use of the Derivative Counterparty Risk Management (DCRM) system to produce daily derivative risk measures and reports for IDB Group; assist in daily swap valuation and collateral management.
  • Contribute to the implementation of new reporting and visualization tools in Tableau to provide additional risk information and profiles on the Bank’s derivatives portfolio.
  • In coordination with RMT Quants, perform valuation model validation of derivatives in the Numerix CAS system or outside vendors, covering plain vanilla and structured swaps in developed and emerging market currencies.
  • Support staff in the development of risk models for derivatives used in new financial products
  • Conduct research and data analysis to support revisions to risk guidelines and limits, as well as ISDA/CSA collateral and risk mitigation provisions.
  • Provide advice and support on the negotiation of ISDA Swap Master Agreements, in coordination with RMG, IDB Invest, and LEG.
  • Monitor risks and prepare a summary of relevant market and portfolio developments to be presented at weekly capital market meetings. 
  • Perform other analyses, reviews and reports as directed by the Chief, Treasury Risk Management Unit, RMG/RMT, or the Lead Specialist, RMG/RMT.
What you’ll need:
  • 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 fourth degree of consanguinity and second degree of affinity, including spouse) working at the IDB Group.
  • Education: Master’s degree in Finance, Business Administration, Economics, Statistics, Computer Science, or a related discipline. Strong quantitative background preferred.
  • Experience: At least 5 years of experience in finance, capital markets, risk management and/or portfolio management with exposure to derivatives a plus.
  • Languages: Fluency in English required.

Core and Technical Competencies:

  • Ability to interact with all levels of an organization.
  • Able to work well independently and within a team environment and take initiative to drive for results with assigned tasks.
  • Advanced computer skills, including PC skills (reporting tools, spreadsheets, databases, and word processing) and the ability to program and develop applications using software such as Visual Basic.
  • 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.
  • Proficient in the use of Excel, Word, and other Microsoft Office products.
  • Strong analytical and problem-solving skills, and attention to detail.
  • Strong communication skills, including the ability to draft well-written, coherent analyses and documents for senior management.
  • Strong communication skills, both written and spoken, and the ability to influence others.
  • Strong quantitative and analytical skills.

Opportunity Summary: 

  • Type of contract and modality: Consultant, Monthly
  • Length of contract: 24 months
  • Location: IDB Headquarters, Washington D.C
  • Responsible Person: Unit Chief Treasury Risk Mgmt
  • Requirements: You must be a citizen of one of the IDB’s 48-member countries and have no family members currently working at the IDB Group.  

Our culture: Our people are committed and passionate about improving lives in Latin-America and the Caribbean, and they get to do what they love in a diverse, collaborative and stimulating work environment. We are the first Latin American and Caribbean development institution to be awarded the EDGE certification, recognizing our strong commitment to gender equality. As an employee you can be part of internal resource groups that connect our diverse community around common interests.


We encourage women, afro-descendants, people of indigenous origins, and persons with disabilities to apply.


About us: At the IDB, we’re committed to improving lives. Since 1959, we’ve been a leading source of long-term financing for economic, social, and institutional development in Latin America and the Caribbean. We do more than lending though. We partner with our 48-member countries to provide Latin America and the Caribbean with cutting-edge research about relevant development issues, policy advice to inform their decisions, and technical assistance to improve on the planning and execution of projects. For this, we need people who not only have the right skills, but also are passionate about improving lives.


Our team in Human Resources carefully reviews all applications.

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