AddressThe IDB Group is a community of diverse, versatile, and passionate people who come together on a journey to improve lives in Latin America and the Caribbean. Our people find purpose and do what they love in an inclusive, collaborative, agile, and rewarding environment.
About this position
We are looking for a proactive, creative and committed Treasury & Risk Senior Specialist – Derivatives Risk Manager. In this role, you will be responsible for risk management of the Bank’s derivatives portfolio.
You will work in Treasury Risk Management, part of the Risk Management department. Treasury risk management is responsible for overseeing risks in the Bank’s derivatives portfolio and investment book.
What you’ll do:
The candidate will lead the development of innovative and effective risk management solutions to support the Bank’s treasury risk management activities in a highly complex and dynamic financial market environment. S/he will implement work programs and projects to strengthen the framework for measuring, assessing and managing treasury risks, including but not limited to the functions listed below:
Formulate effective risk guidelines and limits for the derivatives portfolio consistent with Board approved policies and advise if current risk limits and metrics should be revised in response to changing market conditions or business needs. Lead the assessment and monitoring of derivative portfolio risks, applying metrics and tools for scenario analysis and stress testing to enable senior management to have a comprehensive view of risk positions, market conditions, and the impact of new initiatives. Define and enhance stress scenarios for the derivatives portfolio and assess their appropriateness to facilitate understanding of extreme risks and associated implications. Coordinate with Finance Department (Treasury Division) and RMG/RMT quantitative staff in leveraging the use of risk analytics including potential future exposure, credit and funding value adjustment, risk capital and others to enhance transparency in derivative pricing costs and to help facilitate exposure optimization. Collaborate with RMG/RMT quantitative staff in assessing the risks of derivative structures (including complex local currency transactions) used in the Bank’s investment, borrowing and asset/liability management operations. Manage the derivative collateral management function, determining appropriate valuations and collateral requirements, and ensuring timely posting of collateral by counterparties. Negotiate credit elements of ISDA Master Agreements with IDB counterparties, sovereign governments, and corporate entities. Lead market surveillance efforts to evaluate developments in global macro-economic factors, and relevant asset types and sectors that may impact the risk profile of the derivatives portfolio. Collaborate with joint RMG and Treasury working groups involved in the analysis of select securities or counterparties of concern and recommend ways of mitigating risks identified. Manage processes and use of analytical tools by junior staff in carrying out tasks related to investment portfolio performance measurement and derivatives valuation and risk measurement. Lead working groups and teams involved in implementing various treasury risk management projects and initiatives. Provide technical guidance to more junior staff, coaching and mentoring them to build technical expertise. Build on best practices and maintain internal networks to enhance risk awareness and expand knowledge in the Treasury and Risk area of expertise. Represent RMG internally and externally. Work independently with minimal oversight.Education: Master’s degree in Finance, Business Administration, Economics, Statistics, or a related discipline. Additional Chartered Financial Analyst (CFA) designation preferred. Experience: [i] Minimum of 5 years of relevant experience in Treasury, capital markets, portfolio management, or in managing risks of fixed income and derivative portfolios; [ii] outstanding analytical and problem-solving skills, with a clear ability to add value to the risk management process through creative thinking and in-depth and disciplined analyses; [iii] proven ability to apply broad and deep knowledge of international financial markets and products to address the financial risks of multi-currency investment, funding, and derivative portfolios; [iv] seasoned in the use of financial models as well as quantitative techniques; [v] knowledge of relevant banking regulation, including regulatory frameworks such as Basel III; [vi] experience in the negotiation of master netting and collateral agreements such as ISDA, CSA, or financial contracts, desirable; [vii] demonstrated ability to lead project teams and risk management functions; [viii] ability to draft well-written, coherent analyses and proposals to senior management and to engage senior decision-makers on complex risk issues. Excellent interpersonal and communication skills, including the ability to present complex and technical issues in simple terms. Ability to lead project teams and risk management functions.Advanced computer skills, with familiarity with specialized risk models or systems a plus. Languages: Fluency in English is required. Additional knowledge of Spanish, Portuguese or French is preferred.
Key Skills
Core Competencies
Collaboration, Teamwork and Inclusion: Works cooperatively with others independent of background (e.g., gender, ethnic origin, religion, disability, sexual orientation, background, perspective) or organizational role, and takes a team-based and inclusive approach to projects and decision making. Innovation and Creativity: Develops imaginative ideas and solutions through creativity, experimentation and critical thinking. Communication and Influence: Communicates effectively and leverages relationships and strategies to influence others. Client Focus: Understands client needs and provides services that meet their expectations for quality and performance; meets the Bank's expectations for ethical behavior.Technical Competencies
Quantitative Analysis: Uses analytical tools and mathematical processes to empirically analyze and evaluate data and information. Qualitative Analysis: Investigates beyond numbers through research and intuition to determine the reasonableness of information used for decision-making. Financial Market Knowledge: Understands financial market dynamics, products and economics and their implications for financial and risk management. Financial Operations: Researches, analyzes, inputs and reports information on the origination, execution and monitoring of financial operations. Systems and Applications Knowledge: Leverages systems and applications knowledge to enter data, process transactions, conduct relevant analyses, and generate reports. Risk Awareness: Understands, analyzes, acts on and communicates risks by applying appropriate controls and risk mitigation procedures. Business Acumen: Demonstrates an understanding of own functional area, the business of the Department and the IDB's needs and priorities. Understands and applies knowledge of IDB strategies, business priorities and policies to accomplish goals and execute on business area work program.Requirements
