Treasury & Risk Lead Specialist/Senior Specialist – Investment Risk Manager

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Treasury and Risk
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2200000517 Requisition #

 

The Office of Risk Management (RMG) is seeking to recruit an Investment Risk Manager to lead initiatives and work programs for managing risks in the Bank’s liquid asset investment portfolio.

RMG performs the second line role in managing risks within the organization, including the assessment of credit, market, operational and socio-environmental risks, strengthening the capacity to identify, measure, and manage credit risk in the Bank’s loan portfolio and treasury activities, and managing exposures to market and operational risks. The Bank has a $152 billion balance sheet, including a $110 billion portfolio of development assets, comprised mostly of loans.

The team:

Within RMG, the Treasury Risk Management Unit (RMG/RMT) manages risks in the Bank’s Treasury portfolios (investments, funding, derivatives), including analyses and recommendations to adjust risk boundaries in guidelines and policies/strategies, quantitative modeling and analytics, risk assessment and monitoring, and risk control and reporting.

What you’ll do:

The Investment Risk Manager will manage risks in the Bank's $40 billion liquid asset investment portfolio within Board risk policy parameters, through prudent risk guidelines and limits, risk measures, stress tests and assessments, and understanding of the impact of market developments and regulations on the portfolio. You will implement work programs and projects including but not limited to the functions listed below.

  • Develop proposals to formulate risk guidelines and limits for IDB’s investment portfolio consistent with Board-approved policies and advise if current risk limits and metrics should be revised in response to changing market conditions or business needs.
  • Coordinate the review and update of the Strategic Asset Allocation (SAA) framework to keep investment portfolio strategies aligned with liquidity objectives and risk appetite, working with IDB Treasury and RMG/RMT staff.
  • Lead the assessment and monitoring of investment risks, applying risk metrics (e.g., Value-at-Risk, risk sensitivities) and stress tests to enable senior management to have a comprehensive view of risk positions, market conditions, and the impact of new initiatives.
  • Define and enhance stress scenarios for the investment portfolio and assess their appropriateness to facilitate understanding of extreme risks and associated implications.
  • Collaborate with Risk and Treasury working groups in the analysis of select securities and counterparties of concern and recommend ways of mitigating risks identified.
  • Lead working groups and teams in implementing projects and initiatives such as the Libor Transition investment risk workstream, Investment Portfolio Analytics and Risk Management (ARMS) system, new investment products, and others.
  • Lead investment risk and performance functions for the Capacity Building, Advisory, and Asset Management Services (CAsA) program, in collaboration with IDB Treasury.
  • Prepare the investment risk sections of the OC Financial Risk Report for the Board, as well as risk monitoring reports for the Asset Liability Management Committee.
  • Lead market surveillance efforts to evaluate developments in global macro-economic factors and relevant asset types and sectors that may impact the risk profile of Treasury portfolios.
  • Manage processes and use of analytical tools by junior staff in carrying out investment portfolio performance and risk measurement tasks. Provide technical guidance to more junior staff, coaching and mentoring them to build technical expertise.
  • Build on best practices and maintain internal networks to enhance risk awareness and expand knowledge in the Treasury and Risk area of expertise. Represent RMG internally and externally.

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, IDB Invest, or IDB Lab.

Education: Master's degree [or equivalent] in Business Administration, Finance, Economics, Accounting, Mathematics, or other relevant field. CFA or FRM designation is desirable.

Experience: At least 7 years of relevant experience in risk management, finance, or related areas. Specific experience in managing risks of fixed income portfolios, market and counterparty risk management, asset liability management, capital markets and/or Treasury would be highly valued. Other skills:

  • outstanding analytical and problem-solving skills, with a clear ability to contribute to the risk management process through creative thinking and in-depth and disciplined analyses.
  • proven ability to apply broad and deep knowledge of financial markets, products, and processes to address the risks of multi-currency Bank portfolios.
  • seasoned in the use of financial and risk management models and tools.
  • knowledge of relevant banking regulation, including regulatory frameworks such as Basel.
  • ability to lead project teams and risk management functions; and,
  • ability to draft well-written, coherent analyses and proposals to senior management and to engage senior decision-makers on complex risk issues.

Languages: Fluency in English is required. Knowledge of Spanish, Portuguese and/or French desirable.

Link to Technical Competencies (← please Ctrl + Click)

Link to Core Competencies (← please Ctrl + Click)

Opportunity Summary:

  • Type of contract: Fixed term
  • Length of contract: 3 years
  • Starting date: Upon agreement with the selected candidate
  • Location: Washington, D.C.
  • 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.

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 innovative 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.

The IDB offers a competitive remuneration and benefits package.

Our team in Human Resources carefully reviews all applications.

The IDB is committed to diversity and inclusion and to providing equal opportunities of employment. We embrace diversity on the basis of gender, age, education, national origin, ethnic origin, race, disability, sexual orientation, religion, and HIV/AIDs status. We encourage women, Afro-descendants, Indigenous peoples, the LGBTQ+ community and people with disabilities 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 HRSC@iadb.org  to request a reasonable accommodation to complete this application.

The organization requires a COVID-19 vaccination for in-person business in the United States. Therefore, everyone working in HQ is required to present proof of vaccination status upon hire unless they qualify for a medical or religious exemption, subject to the Bank’s approval.

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