IDB Invest - Risk Management Officer

IDB Invest
Washington D.C., USA
Feb 09, 2021
Mar 11, 2021
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Credit Portfolio Management Officer

The Market and Operational Risk Team is looking for a professional with strong risk management background, specifically in quantitative credit portfolio risk management, to support IDB Invest management with quantitative models, stress tests, and reporting analysis of the loan portfolio.

The team: The Market and Operational Risk Management Team, part of the Risk Management Department, is responsible for managing financial and operational risks of IDB Invest. The team is divided into three main parts:

Portfolio Management: responsible for overseeing the growth of the portfolio, considering concentrations and other risk parameters, providing portfolio risk guidance to the business areas, managing portfolio limits, RAROC, Economic Capital, Risk Management MIS, reporting and limit controls.
Market Risk: responsible for the design, implementation, update, and ongoing execution of the Market Risk and Asset and Liability Management framework. The team identifies, quantifies and monitors interest rate risk and foreign exchange risk of the balance sheet, and the price risk of the liquid investment portfolio. This area is also responsible for counterparty credit risk management.
Operational Risk Management: responsible for assessing and maintaining an appropriate internal control environment, managing a full operational risk framework as a second line of defense.

The position will be part of the Portfolio Management team.

What you'll do:

Maintain and run internal economic capital model.
Design and run stress tests on capital adequacy in line with market best practices and internal policies.
Prepare, analyze, and present reports regularly on capital adequacy and portfolio analysis.
Model and monitor our external ratings by main rating agencies, supporting the finance team in the relationship with rating agencies.
Work with team members to build and maintain risk models such as prepayment model, loss models and other risk related models.
Run provisioning models (using Moody's Impairment Studio), including data sourcing, controls, methodology and parameterization.
Continuously develop internal RAROC tool, including its methodology, reporting, tracking, strategic utilization and training.
Interact with business teams to guide origination in line with risk guidelines.

Skills you'll need:

Education: An advanced degree (Master's degree equivalent or higher) in Economics, Finance or Business Administration. Desirable to have CFA and/or FRM certification.
Experience: 10+ years of relevant professional experience in portfolio risk management working for a large financial institution
Deep knowledge of credit portfolio management, loss modeling technics, and stress testing
Experience in Credit Economic Capital and RAROC.
Hands-on experience in producing clear reports with BI tools, especially Power BI. Additional experiences in economic capital, market risk, ALM or operational risk will be considered a plus; strong communication skills, including preparation and delivery of presentations to Management.
Languages: oral and written proficiency in English and Spanish required; knowledge of Portuguese is a plus.
Systems: Advanced user of Microsoft tools: Excel (knowledge of VBA) and Power BI (other similar tools like Tableau will be also considered). Knowledge in programming languages and statistical packages.

Opportunity Summary:

Type of contract: Staff,fixed-term
Length of contract: 3 years
Starting date: As soon as possible
Location: Washington DC, USA

Our culture: Working with us you will be surrounded by a diverse group of people who have years of experience in all types of private investment development fields, including infrastructure and energy, corporates, financial institutions, financial and non-financial products and services, gender and diversity, communications and much more.

Because we are committed to providing equal opportunities in employment, we embrace all diversity and encourage women, LGBTQ+, persons with disabilities, afro-descendants, and indigenous people to apply.

About us: IDB Invest, a member of the Inter-American Development Bank (IDB) Group, is a multilateral organization, committed to the development of the private sector of Latin America and the Caribbean by financing loans, equity investments, and guarantees. In addition, IDB Invest partners with clients to provide advisory and training services.

The IDB Invest offers a competitive remuneration and benefits package.

Our Human Resources Department carefully reviews all applications.

Due to the current COVID-19 pandemic and its implications for our Region, the IDB Group is reviewing its hiring needs and re-prioritizing its areas of talent acquisition. We encourage candidates to continue to apply to the active postings, yet current job openings may be subject to further decisions in terms of timing of the processes, or other actions, in accordance with business needs. Final hiring decisions may also be conditioned to the candidate's ability to timely relocate to the post of duty at the moment of starting service.

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