Treasury and Risk Senior Specialist – Quantitative Analysis

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Position Title: Treasury and Risk Senior Specialist – Quantitative Analysis
Location: Washington, D.C.
Country: United States
Deadline Date: January 31, 2025

Job Details

Job Posting Organization:
The IDB Group is a community of diverse, versatile, and passionate individuals dedicated to improving lives in Latin America and the Caribbean. Established with a mission to foster sustainable development and economic growth, the organization operates in multiple countries across the region, employing a diverse workforce that collaborates in an inclusive and agile environment. The IDB Group values creativity and innovation, encouraging its employees to find purpose in their work while contributing to the organization's overarching goals.

Job Overview:
The Treasury and Risk Senior Specialist – Quantitative Analysis position is designed for a proactive and creative individual who will lead the quantitative measurement of risks associated with the Bank's derivatives portfolio. This role is situated within the Treasury Risk Management team, which is responsible for overseeing risks in both the derivatives and investment portfolios of the Bank. The specialist will be tasked with developing innovative risk management methodologies and analytical solutions that are essential for the Bank's operations in a complex and dynamic market environment. The position requires a strong focus on quantitative analysis, model development, and the implementation of risk management frameworks that align with the Bank's investment objectives and risk tolerance.

Duties and Responsibilities:
The duties and responsibilities of the Treasury and Risk Senior Specialist include leading the development of quantitative analyses and models that incorporate both financial and non-financial risks. This includes conducting multidimensional stress testing and scenario analysis, as well as developing robust decision models. The specialist will oversee the quantitative analysis of various financial instruments within the IDB’s derivatives, investment, and funding portfolios, ensuring that derivatives analytics are accurately calculated. Additionally, the role involves maintaining and improving internally developed pricing models and risk systems, advising on new system architecture, and ensuring smooth transitions between systems. The specialist will evaluate new and complex structures, determine the availability of market data inputs for risk models, and introduce advancements in portfolio analytics. Furthermore, the role requires collaboration with technology and risk management teams to automate risk measurement processes, evolve risk measures in line with market practices and regulations, and develop tools for managing swap exposures. The specialist will also be responsible for creating and maintaining thorough documentation for models and systems, contributing to regular reporting, and working on various projects as assigned by Group Heads.

Required Qualifications:
Candidates must possess a Ph.D. or Master’s degree in Finance, Economics, Mathematics, Physics, Statistics, Engineering, or a similar quantitatively oriented field, with a preference for a Ph.D. Additionally, a minimum of 5 years of relevant experience in quantitative statistical or mathematical modeling is required. Candidates should demonstrate outstanding analytical and quantitative skills, with the ability to contribute creatively to the risk management process. A broad and deep knowledge of global financial markets, products, and regulations is essential, along with the capability to assess non-financial risks, including ESG risks. Experience in designing, developing, and implementing advanced modeling tools for portfolio risk management and securities valuation is also necessary. Proficiency in advanced quantitative finance techniques, such as stochastic calculus and Monte Carlo simulation, is expected, along with the ability to draft coherent analyses and proposals for senior management.

Educational Background:
The educational background required for this position includes a Ph.D. or Master’s degree in a quantitatively oriented discipline such as Finance, Economics, Mathematics, Physics, Statistics, or Engineering. A Ph.D. is preferred, indicating a higher level of expertise and research capability in quantitative analysis and modeling.

Experience:
The position requires a minimum of 5 years of relevant experience in quantitative statistical or mathematical modeling. Candidates should have a proven track record of applying advanced analytical techniques to real-world financial scenarios, demonstrating the ability to solve complex problems and add value to the risk management process.

Languages:
Fluency in English is mandatory for this position. Knowledge of additional languages such as Spanish, Portuguese, or French is preferred, as it enhances communication within the diverse environment of the IDB Group and facilitates collaboration with stakeholders across different regions.

Additional Notes:
The position is offered as an international staff contract for an initial duration of 36 months, with the possibility of renewal upon mutual agreement. The IDB Group provides a competitive compensation package, including a net-of-tax annual salary, comprehensive health insurance, a defined benefit pension plan, and generous leave policies. Employees are entitled to 24 days of paid time off, 8 personal days, and sick leave, along with gender-neutral parental leave. The organization also offers relocation assistance and flexible work schedules, promoting a healthy work-life balance. Additional benefits include access to health services, professional development opportunities, and various workplace amenities that support employee well-being and career growth.