Head, Systemic & Multi-factor Risk Group (RMG/SRM)

Job Advertisement

Position Title: Head, Systemic & Multi-factor Risk Group (RMG/SRM)
Location: Washington, D.C.
Country: United States
Deadline Date:

Job Details

Job Posting Organization:
The IDB Group is a community dedicated to improving lives in Latin America and the Caribbean. Established to foster development and economic growth in the region, the IDB Group comprises a diverse team of professionals who are passionate about their work. The organization emphasizes inclusivity, collaboration, and agility, creating a rewarding environment for its employees. The IDB Group operates across multiple countries in Latin America and the Caribbean, focusing on various sectors to enhance the quality of life for the people in these regions.

Job Overview:
The position of Head of Systemic & Multi-factor Risk Group requires an experienced leader with a strong quantitative and analytical background. The successful candidate will be responsible for managing multidisciplinary teams and integrating financial and non-financial risk-related information. This role involves developing a multidimensional risk framework for the Office of Risk Management, which includes assessing compounding, concurrent, and cascading risks. The candidate will also be expected to have expertise in data management, including the processing of structured and unstructured information, and the development of data visualization tools. The role is situated within the Strategic Risk Management group, which is part of the Office of Risk Management, and aims to enhance the organization's ability to manage risks effectively.

Duties and Responsibilities:
The Head of Systemic & Multi-factor Risk Group will have a range of responsibilities, including but not limited to: managing technically strong multidisciplinary teams, conceptualizing and creating analytical groups, developing and implementing a multidimensional risk framework, conducting scenario and stress testing analyses, processing non-structured data, and communicating complex ideas to decision-makers. The role also involves fostering a cooperative work environment, attracting and motivating diverse staff, and collaborating with various stakeholders across the IDB Group. The candidate will be expected to demonstrate exceptional strategic thinking, analytical skills, and the ability to monitor metrics and results effectively. Additionally, the role requires excellent planning, organizational, and communication skills, as well as the ability to devise visual tools for presenting data.

Required Qualifications:
Candidates must possess a Master’s degree (or equivalent advanced degree) in relevant fields such as Economics, Mathematics, Statistics, Data Science, or Finance. A minimum of 12 years of relevant experience is required, particularly in managing and delivering analytical work focused on non-financial risk assessment, scenario analysis, and stress testing. Experience in management positions within multilateral and/or financial institutions is highly valued. Proficiency in working with econometric and statistical models, data management, and data visualization is essential.

Educational Background:
The educational background required for this position includes a Master’s degree or an equivalent advanced degree in fields relevant to the responsibilities of the role, such as Economics, Mathematics, Statistics, Data Science, or Finance. This advanced education is crucial for understanding the complexities of risk management and data analysis.

Experience:
The position requires at least 12 years of relevant experience, particularly in managing and delivering analytical work with a focus on non-financial risk assessment, scenario analysis, and stress testing. Candidates should have a proven track record in management roles within multilateral and/or financial institutions, demonstrating their ability to lead teams and projects effectively. Experience with econometric and statistical models, as well as data management and visualization, is a must.

Languages:
Proficiency in English and Spanish is mandatory for this position. This bilingual requirement is essential for effective communication within the diverse teams and stakeholders involved in the IDB Group's operations.

Additional Notes:
The job is based in Washington, D.C., and is likely to be a full-time position. The IDB Group promotes diversity, equity, inclusion, and belonging within its workforce, and the successful candidate will be expected to contribute to these values. The organization may offer competitive compensation and benefits, although specific details regarding contract duration and other employment terms are not provided in the job description.