Risk Management Consultant

Job Posting Organization:
IDB Invest is the private sector arm of the IDB Group, dedicated to supporting the sustainable development of Latin America and the Caribbean through private sector initiatives. Established to finance, structure, and mobilize capital for projects that foster economic growth and resilience, IDB Invest operates in 26 countries across four geographic regions and three industry verticals: Infrastructure and Energy, Financial Institutions, and Corporates. With a capitalization of $3.5 billion from its shareholders, IDB Invest is committed to enhancing its capacity to mobilize private capital and scale development impact in the region, focusing on high-quality asset origination and innovative financial solutions.

Job Overview:
The Risk Management Consultant position is designed for an analytical, proactive, and collaborative individual who will support two teams within the Financial and Operational Risk Management Division (FOR) of the Risk Management Department (RSM). The role involves contributing to model review and validation activities as well as implementing a market data management solution. The consultant will work primarily with the Model Risk team, which is responsible for the governance framework and validation of models related to market risk, credit risk, capital adequacy, and asset pricing. The consultant will engage in model validation programs, focusing on market risk models and other types as needed, while also enhancing the Bank's market data management framework.

Duties and Responsibilities:
The consultant will support the execution of the Model Validation Program, which includes assessing model documentation, methodologies, assumptions, data, and calibration approaches. Responsibilities also involve replicating model results, performing independent validation analyses, designing and executing model testing activities such as back-testing and sensitivity analyses, and preparing validation reports. Additionally, the consultant will support the implementation and enhancement of the Bank's market data management framework by identifying appropriate market data sources, developing yield curves and volatility surfaces, maintaining code for market data processing, and executing User Acceptance Testing (UAT) for market data solutions. Building effective working relationships with model owners, business stakeholders, and technology teams is also a key responsibility.

Required Qualifications:
Candidates must possess a Bachelor's degree in a quantitative field such as mathematics, economics, engineering, statistics, actuarial science, risk management, finance, or a related discipline. A Financial Risk Manager (FRM) or Chartered Financial Analyst (CFA) designation is considered a plus. Strong analytical, communication, and presentation skills are essential for this role, along with proficiency in quantitative risk management and model validation.

Educational Background:
A Bachelor's degree in a quantitative field is required, with a focus on disciplines that provide a strong foundation in analytical and statistical methods. Advanced degrees or professional certifications such as FRM or CFA are advantageous and may enhance a candidate's profile.

Experience:
A minimum of 2 years of relevant experience is required, specifically in quantitative risk management, model development, model validation, or market data management. Candidates should have experience with market risk and derivatives pricing models, market data sourcing, curve construction, and technology implementation/testing, including UAT. Familiarity with Bloomberg market data and analytics is a plus, and additional experience with other risk model types will be considered an asset.

Languages:
Proficiency in English, both spoken and written, is mandatory for this position. Knowledge of Spanish is preferable and may enhance communication with stakeholders in the region.

Additional Notes:
This position is classified as an international consultant role, requiring full-time commitment for a duration of 12 months. The IDB Group offers a competitive compensation package, including health insurance, a savings plan, and support for relocation and visa applications. Employees are entitled to 2 days of leave per month, gender-neutral parental leave, and access to various health and wellness services. The position is primarily on-site, with occasional flexibility for teleworking. The IDB Group is committed to fostering an inclusive workplace culture and provides reasonable accommodations for individuals with disabilities during the application process.