We improve lives
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
At the IDB, the Office of Risk Management (RMG) is responsible for overseeing and strengthening the Bankโs capacity to identify, measure, and manage financial and non-financial risks. Within RMG, the Treasury Risk Management Group (RMG/RMT) manages risks in the Bankโs Treasury portfolios (investments, funding, derivatives). RMG/RMT is looking for a dynamic, innovative, and seasoned risk management consultant to implement initiatives, work programs and projects in the area of investment risk management.
What youโll do
- Collaborate with staff in measuring and assessing risks in the Bankโs Treasury portfolios to enable senior management to have a comprehensive view of risk positions, market conditions, and the impact of new initiatives.
- Update assumptions in models and systems to run various risk metrics including sensitivities, key rate duration, spread duration, Value-at-Risk (VaR), and stress tests.
- Provide analyses to support periodic revisions to risk guidelines and limits in the Bankโs Treasury portfolios; update investment and derivative guidelines documents.
- Collaborate with Treasury and Risk in applying models to adjust risk boundaries for investment strategies as part of strategic asset allocation (SAA) reviews.
- Coordinate the implementation of investment risk and performance measurement functions for the Capacity Building, Advisory, and Asset Management Services (CAsA) program, in collaboration with IDB Treasury.
- Evaluate developments in global macro-economics and markets that may impact the risk profile of Treasury portfolios.
- Present relevant market developments and portfolio risk exposures to senior management of Finance and Risk Management at market meetings.
- Collaborate with RMT staff in generating and enhancing periodic reports.
What you'll need
โข Education: Masterโs degree in Finance, Business Administration, Economics, Statistics, Computer Science, or other relevant discipline.
โข Experience: At least 5 years of experience in fixed income market risk, counterparty credit risk management, asset liability management, capital markets and/or Treasury. Outstanding analytical and problem-solving skills, with a clear ability to add value to the risk management process through creative thinking and in-depth and disciplined analyses. Advanced computer skills, seasoned in the use of financial models as well as quantitative techniques; familiarity with Summit is a plus
โข Languages:
- Proficiency in English and SpanishRequirements
โข Citizenship:
- (IDB/IDB Lab - National) You are either a citizen of Colombia or a citizen of one of our 48-member countries with residency or legal permit.
โข 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
โข Consultant:
- National consultant Full-Time, 24 months.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: 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: โโโโโโโThe 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, we work so everyone brings their best and authentic selves to work while finding their purpose. Our people consistently strive for excellence, and we recognize and celebrate the impact of their contributions.
In our efforts to drive innovation, we intentionally include all voices, cultivate a sense of belonging and champion fairness. We welcome individuals from underrepresented groups to join us and share their unique perspectives.
We ensure that individuals with disabilities are provided reasonable accommodations to participate in the job interview process. If you require an accommodation to complete this application, please email us at accommodations@iadb.org.