We improve lives
The 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.
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About this position
We are looking for an experienced, highly motivated, and detailed-oriented Financial Management Risk Senior Specialist. As Financial Management Risk Senior Specialist, you will conduct quality assurance and risk review of the IDB-financed projects and contribute to the strengthening of project portfolio financial management risk through advisory services, portfolio analyses, data management, and reporting.
You will work in the Environmental and Social Risk Management Group part of the Office of Risk Management (RMG/ESR). RMG supports the IDB’s developmental mission by maintaining a robust and dynamic risk management and oversight framework. It facilitates the understanding, mitigation, and control of risks across the organization to optimize the use of the IDB’s capital and financial resources, to maintain its AAA-rating, and to ensure the IDB follows best in class operational risk and ESG standards.
As of January 2025, the team in RMG/ESR is responsible for the oversight of three new risk areas: project and portfolio, procurement, and financial management, in addition to the social, environmental, governance, climate change, natural disasters and biodiversity risk area. For all risk areas, RMG/ESR: (i) provides quality assurance and risk review services throughout the project lifecycle; (ii) performs portfolio monitoring and reporting, including in-depth analyses and recommendations to improve risk management and ultimately the performance of projects; (iii) supports other departments through risk management advisory services; (iv) integrates sound risk management practices into country strategies, strategic documents, and existing operational processes; and (v) assesses various risk exposures of the portfolio, providing data-driven, expert advice to Senior Management.
What you’ll do
- Conduct financial management quality assurance and risk review of higher-risk projects in preparation and monitor risk management actions during project execution, in line with financial management policies and procedures and the project risk management framework.
- Develop and coordinate advisory services in portfolio financial management risk for regional, country, and sector teams, in coordination with other areas of the Bank.
- Conduct in-depth portfolio analyses and provide technical expertise to country, sector and project teams to strengthen financial risk management.
- Establish processes to monitor and report on project and portfolio financial management risks.
- Manage, define, and analyze key risk indicators, and dashboards as applicable, and report on portfolio exposure to higher fiduciary risks.
- Design, deliver, and disseminate knowledge products, training, technical policy interpretation, and guidance notes, in collaboration with areas of the Bank.
- Develop and maintain relationships with key stakeholders to ensure harmonization and strengthening of financial management risk management practices.
What you'll need
- Languages: Proficiency in English and one of the other Bank official languages (Spanish, French or Portuguese) is required.
Requirements
- Citizenship: You are either a citizen of XXX or a citizen of one of our 48-member countries with residency or legal permit to work in XXX
- Consanguinity : You have no family members (up to the fourth degree of consanguinity and second degree of affinity, including spouse) working at the IDB, IDB Invest, or IDB Lab.
Type of contract and duration
What we offer
The IDB group provides benefits that respond to the different needs and moments of an employee’s life. These benefits include:
- A competitive compensation package
- Leaves and vacations : 24 days of paid time off + 8 personal days + sick leave + gender-neutral parental leave
- Health Insurance : IDB Group provides employees and eligible dependents with a robust medical benefits program that covers medical, dental, vision, preventive care, and prescription drugs.
- Pension plan : defined benefit pension plan that provides financial security and supports employees in planning for their future.
- Hybrid and flexible work schedules
- Health and wellbeing: Access to our Health Services Center which provides preventive care and health education for employees.
- Development support : We offer tools to boost your professional profile such as mentoring, 1:1 professional counseling, training, and learning opportunities, language classes, mobility options, among others.
Our culture
We ensure that individuals with disabilities are provided reasonable accommodations to participate in the job interview process. If you require an accommodation to complete this application, please email us at [email protected] .
