Risk Management Derivatives Consultant

Risk Management Derivatives Consultant

City: Washington DC

Company: IDB

Posting End Date: 02-05-2025

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 Bank's capacity to identify, measure, and manage financial and operational risks. Within RMG, the Treasury Risk Management Group (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, strategic asset allocation, quantitative modeling and analytics, risk assessments and stress tests, and risk control, monitoring and reporting.

RMG/RMT is looking for a dynamic, motivated, and specialized derivatives consultant. 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 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.

What you'll do

• 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; assist in daily swap valuation and collateral management and communications with derivatives counterparties.
• Contribute to the implementation of new reporting and visualization tools to provide additional risk information and profiles on derivatives portfolios.
• Evaluate and implement enhancements to reports and processes.
• Maintain effective communication with internal clients and collaborate on new initiatives, like 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 legal department.
• 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 Head, Treasury Risk Management Group, RMG/RMT, or the Derivatives Risk Manager, RMG/RMT

What you'll need
Education: Bachelor's or Master's degree in Finance, Business Administration, Economics, Statistics, Computer Science, or other relevant discipline. Strong quantitative background preferred
Experience: At least 9 years of experience or 5 years of experience (in case of having a Master's degree) in finance, capital markets, risk management and/or portfolio management with exposure to derivatives a plus. 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. Strong communication skills, including the ability to draft well-written, coherent analyses and documents for senior management.
Languages:
- Proficiency in English

Requirements
Citizenship:

- (IDB/ IDB LAB - International) 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 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
Consultant:
- International consultant: International consultant Full-Time, 19 months

If international, Headquarters (Washington, D.C)

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:
• Health Insurance:
• Savings plan:
• We offer assistance with relocation and visa applications for you and your family when it applies.
• Hybrid and flexible work schedules.
• Development support:
• Health and wellbeing:
• Other perks:

Our culture

At the IDB Group we work so everyone brings their best and authentic selves to work, willing to try new approaches without fear, and where they are accountable and rewarded for their actions.
Diversity, Equity, Inclusion and Belonging (DEIB) are at the center of our organization. We celebrate all dimensions of diversity and encourage women, LGBTQ+ people, persons with disabilities, Afro-descendants, and Indigenous people 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 diversity@iadb.org to request reasonable accommodation to complete this application.
Our Human Resources Team reviews carefully every application.