Treasury and Risk Lead Specialist

We work to improve lives in Latin America and the Caribbean. Through financial and technical support for countries working to reduce poverty and inequality, we help improve health and education, and advance infrastructure.

Established in 1959, the Inter-American Development Bank (“IDB” or “Bank”) is the main source of financing for economic, social and institutional development in Latin America and the Caribbean. It provides loans, grants, guarantees, policy advice and technical assistance to the public and private sectors of its borrowing member countries. The Office of Risk Management (RMG) is responsible for overseeing financial and operational risks, and for strengthening the Bank’s capacity to identify, measure, and manage financial and operational risks. Within RMG, the Treasury Risk Management Unit (RMG/RMT) oversees the management of risks in the Bank’s Treasury portfolios, 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. RMG/RMT is currently looking for a talented and seasoned professional to implement initiatives and work programs in the area of investments and/or derivatives.

* Develop proposals to formulate effective risk guidelines and limits for IDB Treasury portfolios 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. * Lead the assessment and monitoring of risks in Treasury portfolios, 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. * Define and enhance stress scenarios for Treasury portfolios, and assess their appropriateness to facilitate understanding of extreme risks and associated implications. * Coordinate with Treasury Division (FIN/TRY) and RMG/RMT quantitative staff in leveraging risk analytics including, but not limited to, Value-at-Risk, risk sensitivities, scenario analyses, potential future exposure, credit and funding value adjustment, and/or risk capital. * Coordinate with FIN/TRY and RMG/RMT staff in assessing the risks of structured investment products (e.g., asset-backed and mortgage-backed securities, covered bonds) and derivative structures used in the Bank’s investment, borrowing and asset/liability management operations. * Manage the approval process for new issuers and/or counterparties in coordination with FIN/TRY and Credit Risk Unit (RMG/RMC) staff. Negotiate risk mitigation terms of ISDA Master Agreements with IDB counterparties, sovereign governments, and corporate entities. * Oversee processes for managing collateral used to mitigate risks in the derivatives portfolio. * 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. * Collaborate with joint RMG and Treasury working groups involved in the analysis of select securities or counterparties of concern, and recommend ways of mitigating risks identified. * Manage processes and use of analytical tools by junior staff in carrying out tasks related to investment portfolio performance measurement and derivatives valuation and risk measurement. * Lead working groups and teams involved in implementing various treasury risk management projects and initiatives. 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. * Work independently with minimal oversight.

**Core Competencies:** * Collaboration, Teamwork and Inclusion: Works cooperatively with others independent of background (e.g., gender, ethnic origin, religion, disability, sexual orientation, background, perspective) or organizational role, and takes a team-based and inclusive approach to projects and decision making. * Innovation and Creativity: Develops imaginative ideas and solutions through creativity, experimentation and critical thinking. * Communication and Influence: Communicates effectively and leverages relationships and strategies to influence others. Excellent interpersonal and communication skills, including the ability to present complex and technical issues in simple terms. * Client Focus: Understands client needs and provides services that meet their expectations for quality and performance; meets the Bank's expectations for ethical behavior. **Technical Competencies:** * Quantitative Analysis: Uses analytical tools and mathematical processes to empirically analyze and evaluate data and information. * Qualitative Analysis: Investigates beyond numbers through research and intuition to determine the reasonableness of information used for decision-making. * Financial Market Knowledge: Understands financial market dynamics, products and economics and their implications for financial and risk management. * Financial Operations: Researches, analyzes, inputs and reports information on the origination, execution and monitoring of financial operations. * Systems and Applications Knowledge: Leverages systems and applications knowledge to enter data, process transactions, conduct relevant analyses, and generate reports. Advanced computer skills, with familiarity with specialized risk models or systems a plus. * Risk Awareness: Understands, analyzes, acts on and communicates risks by applying appropriate controls and risk mitigation procedures. * Business Acumen: Demonstrates an understanding of own functional area, the business of the Department and the IDB's needs and priorities. Understands and applies knowledge of IDB strategies, business priorities and policies to accomplish goals and execute on business area work program. **Qualifications** * **Education:** Master’s degree in Finance, Business Administration, Economics, Statistics, or a related discipline. Additional Chartered Financial Analyst (CFA) designation preferred. * **Experience:** [i] Minimum of 8 years of relevant experience in Treasury, capital markets, portfolio management, or in managing risks of fixed income and derivative portfolios; [ii] 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; [iii] proven ability to apply broad and deep knowledge of international financial markets and products to address the financial risks of multi-currency investment, funding, and derivative portfolios; [iv] seasoned in the use of financial models as well as quantitative techniques; [v] knowledge of relevant banking regulation, including regulatory frameworks such as Basel II / III; [vi] experience in the negotiation of master netting and collateral agreements such as ISDA, CSA, or financial contracts, desirable; [vii] demonstrated ability to lead project teams and risk management functions; [viii] 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 and any of the other official languages of the Bank (Spanish, French or Portuguese). Strong writing skills in English is required.