Lead Specialist

Job Posting Organization:
The IDB Group is a community dedicated to improving lives in Latin America and the Caribbean. Established with a mission to foster sustainable development and economic growth, the organization comprises a diverse workforce that values inclusivity and collaboration. The IDB Group operates in 48 member countries and employs a passionate team that strives to create a positive impact in the region. The organization emphasizes a rewarding work environment where employees can find purpose in their roles.

Job Overview:
The Lead Specialist position is designed for a dynamic individual with extensive experience in operational risk and Internal Control over Financial Reporting (ICFR) compliance. This role requires strong leadership skills and a deep understanding of banking and corporate operations. The Lead Specialist will work closely with the head of their group to facilitate the Bank’s ICFR program, which involves developing an annual plan and guiding colleagues through the operational risk and ICFR cycle. The position is situated within the Financial Controls and Operational Risk Management Group, which is responsible for assessing the Bank’s internal control system and providing insights to Senior Management and the Board regarding corporate operational risks. The Lead Specialist will collaborate with various departments, leveraging risk assessments and control testing to offer recommendations and insights.

Duties and Responsibilities:
The Lead Specialist will implement the Bank’s Internal Control policy as the second line of defense, ensuring alignment with industry best practices and sound risk management principles. Responsibilities include integrating ICFR within the Bank’s Operational Risk Management framework, designing and implementing the Internal Control over Sustainability Reporting (ICSR) program, and establishing risk metrics to evaluate the effectiveness of internal controls. The Lead Specialist will support the first line in documenting and maintaining effective internal controls, facilitate operational risk and control self-assessments, and build strong relationships with key stakeholders. Additionally, the role involves coordinating with internal and external auditors, facilitating internal control testing, and leading the representation memorandum process for Bank managers to attest to the effectiveness of ICFR.

Required Qualifications:
Candidates must possess a Master’s degree (or equivalent advanced degree) in accounting, finance, business administration, or a related field. Additionally, certifications such as CPA, CIA, or other relevant qualifications are required. The ideal candidate will have a strong background in operational risk, ICFR/SOX compliance, and internal audit, with a proven track record of leadership within a major financial institution.

Educational Background:
A Master’s degree or equivalent advanced degree in a relevant field such as accounting, finance, or business administration is essential for this position. Candidates must also hold professional certifications like CPA or CIA, which demonstrate their expertise and commitment to the field.

Experience:
The position requires at least 10 years of progressive experience in operational risk, ICFR/SOX compliance, internal audit, or a related field. Furthermore, candidates should have a minimum of 5 years in a leadership role within a major financial institution, showcasing their ability to manage teams and drive results in complex environments.

Languages:
Proficiency in English, both spoken and written, is mandatory for this role. This ensures effective communication within the organization and with stakeholders. Additional language skills may be considered an asset but are not explicitly required.

Additional Notes:
The position offers 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, health insurance, and various benefits tailored to meet the diverse needs of employees. The organization promotes a hybrid and flexible work schedule, supporting work-life balance. Furthermore, the IDB Group is committed to diversity, equity, inclusion, and belonging, encouraging applications from underrepresented groups and ensuring reasonable accommodations for candidates with disabilities.