Risk Specialist

Job Posting Organization:
The International Monetary Fund (IMF) is a global organization established to promote international monetary cooperation, facilitate sustainable economic growth, and reduce poverty around the world. Founded in 1944, the IMF has grown to include 190 member countries and operates in various regions worldwide. The organization plays a crucial role in maintaining the stability of the international monetary and financial system, providing financial assistance, and offering policy advice to its member countries. The IMF is committed to fostering global economic stability and growth through its various programs and initiatives.

Job Overview:
The Risk Specialist position is integral to the Office of Risk Management (ORM) at the IMF, which is responsible for enhancing the organization's Enterprise Risk Management (ERM) framework. This role involves analyzing economic and financial risks that the Fund and its members face, contributing to the development of methodologies and tools for risk assessment, and producing reports on the Fund's risk profile. The successful candidate will work closely with various departments to ensure effective risk management practices are in place and will play a key role in fostering a culture of risk acknowledgment within the organization. The position requires a proactive approach to identifying areas where additional risk analysis or mitigation efforts are needed, ultimately supporting enhanced risk-based decision-making across the IMF.

Duties and Responsibilities:
The Risk Specialist will have a diverse set of responsibilities, including:

• Development of Risk Tools: Assisting in the creation of financial risk assessment tools and practices to evaluate and report on financial risks affecting the Fund's balance sheet, including credit, liquidity, and market risks.
• Data & Analytics: Contributing to the design and implementation of risk data models, analytics, stress-testing, scenario development, and reporting capabilities focused on enterprise financial risks.
• Analysis and Reporting: Monitoring and analyzing financial risks within the organization's business units and preparing comprehensive reports on these risks at a corporate level.
• Review: Supporting the coordination and preparation of risk-based reviews of country documents for program and systemically important countries.
• Policy Compliance: Ensuring that the organization's financial risk management policies, limits, and strategies comply with applicable standards and best practices.
• Relationship Management: Engaging with relevant departments to develop risk analytics and metrics, assisting them in identifying, treating, and reporting on their key enterprise risks, particularly those related to financial and economic factors.

Required Qualifications:
Candidates must possess an advanced university degree or equivalent in fields such as business, accounting, economics, finance, information technology, law, communications, or organizational development. Alternatively, a professional certification as an Accountant (CPA or international equivalent) or as an Auditor (CIA or CISA) is acceptable. A minimum of four years of relevant work experience is required, or alternatively, two years of experience in a related position at Grade A10 or equivalent. Additional desired qualifications include excellent analytical and quantitative skills, strong verbal and written communication abilities, and the capacity to articulate complex technical concepts to non-technical stakeholders. Candidates should also demonstrate strong relationship-management skills, the ability to work independently, manage multiple workstreams, and adapt to evolving priorities.

Educational Background:
The educational background required for this position includes an advanced university degree in business, accounting, economics, finance, information technology, law, communications, or organizational development. Candidates may also qualify with a professional certification as an Accountant (CPA or international equivalent) or as an Auditor (CIA or CISA).

Experience:
The position requires a minimum of four years of relevant work experience in risk management or a related field. Alternatively, candidates with at least two years of experience in a related position at Grade A10 or equivalent will also be considered. Experience should ideally include work related to economic and financial risk assessments, particularly in the context of sovereigns and organizational balance sheets.

Languages:
While the job description does not specify mandatory languages, proficiency in English is essential given the international nature of the IMF. Additional languages may be beneficial but are not explicitly required.

Additional Notes:
The selected candidate will maintain their open-ended status if they are a regular staff member. If the candidate is a contractual employee, they will be offered a Term staff appointment. Staff members on a term appointment may receive an extension if their current term has not already been extended. The IMF is committed to non-discrimination in employment and welcomes requests for reasonable accommodations for disabilities during the selection process.