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.

About this position

We are seeking a highly motivated, quantitatively oriented Systemic Risk Specialist / Senior Associate with a proactive mindset and strong analytical curiosity to support the measurement, analysis, and monitoring of financial and non-financial risks. The selected candidate will play an active role in the research, design, and implementation of the Systemic Risk Framework, contributing to the development of innovative methodologies, analytical tools, reporting solutions, and risk monitoring processes.

Beyond core delivery, the role includes a research-and-learning dimension. The candidate is expected to contribute to the Office of Risk Management’s broader quantitative and research agenda, learn key analytical approaches to financial and non-financial risk management, and help translate complex risk concepts into practical insights for decision‑making.

You will join the Systemic and Multifactor Risk Management Group (SRM), part of the Office of Risk Management (RMG). SRM is a quantitative team responsible for identifying, assessing, and monitoring systemic financial and non-financial risks affecting the institution. The group contributes to the Bank's knowledge agenda through applied research and the development of innovative quantitative models that support risk analysis across RMG. In addition, SRM leads initiatives to automate and modernize risk-related processes, fostering innovation and cross-functional collaboration. SRM operates in a highly collaborative environment. The candidate is expected to be an excellent team player, with an open mind and a willingness to respectfully receive and provide constructive feedback.

What you’ll do

You will collaborate with other group members to develop innovative and effective risk management methodologies, models, and analytical solutions to support the Bank's risk management activities in a highly complex and dynamic market environment. You will implement work programs and projects to strengthen the framework for analyzing, measuring, and managing risks, including the functions listed below.

• Collaborate closely with the Systemic and Multi‑Factor Risk Management Group to conceptualize and develop innovative systemic risk monitoring indicators and stress‑testing tools, with an emphasis on creative, forward‑looking approaches to risk identification and measurement.
• Design and support advanced quantitative models and analytical frameworks that integrate financial and non‑financial risks, including multidimensional stress testing, scenario analysis, AI and ML models, and systemic risk decision‑making tools. The role requires intellectual flexibility and the ability to explore non‑standard methodologies and novel data sources to address complex risk questions.
• Contribute actively to the Bank's research agenda on financial and non‑financial risk management by conducting applied and conceptual research on systemic risk in multilateral development banks, interconnections within the development finance ecosystem, and emerging sources of risk relevant to the institution. The candidate is expected to co‑author research papers with other risk professionals and contribute original analytical perspectives.
• Develop and maintain clear, rigorous documentation for quantitative models, systems, and analytical processes, and contribute to recurring and ad‑hoc risk reporting.
• Support the development of automated and scalable solutions for data processing, analysis, and reporting, contributing ideas that improve efficiency, transparency, and analytical depth.
• Prepare high‑quality presentations and technical documentation to communicate model results, automated solutions, and key analytical findings to both technical and non‑technical audiences.
• Be open to continuous learning and skills development, including receiving training in quantitative financial risk methodologies for derivatives, and working closely with the Treasury and Risk Management Group (RMT) on the design, enhancement, and maintenance of credit and market risk models for derivative instruments.

What you'll need

• Education: Master’s degree in mathematics, physics, computer science, or a similar quantitatively oriented degree. A Ph.D is preferred.
• Experience and functional knowledge:
  • [i] at least 3 years of relevant experience for the Senior Analyst and 4 years of experience for the Specialist, in quantitative methods, mathematical modeling, or AI/ML learning quantitative models (Ph.D. research experience may be considered toward this requirement);
  • [ii] contribute to risk management through creative problem-solving, rigorous analytical thinking, and a disciplined approach to quantitative analysis;
  • [iii] experience in the use of advanced techniques in quantitative analysis;
  • [iv] potential to produce high-quality research, as demonstrated by research output;
  • [v] ability to draft well-written, coherent analyses in English and proposals to senior management and to engage senior decision-makers on complex risk issues;
  • [vi] proven ability to find practical solutions to complex problems.
• Willingness to receive formal training in quantitative methods for derivatives-related financial risk management and to apply the acquired knowledge through active collaboration with other financial risk managers. No prior experience in finance is required of the candidate
• Advanced computer skills, including the ability to program in various languages such as Python, MATLAB, or C++. Familiarity with Bayesian models, NLP-based quantitative text analysis, AI models, and quantitative methods in finance is a plus.
• Excellent interpersonal and communication skills, including the ability to present complex and technical issues in simple terms.
• Languages: Written and oral fluency in English is required.

Requirements

• Citizenship: You are a citizen of one of our 48-member countries. We may offer assistance with relocation and visa applications for you and your eligible dependents.

• 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

• Staff: International staff contract, 36 months initially, renewable upon mutual agreement.

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, including an annual base salary expressed on a net-of-tax basis
• Leaves and vacations: 24 days of paid time off + 8 personal days + sick leave + gender- neutral parental leave
• Health Insurance: IDB Group offers employees and eligible dependents a comprehensive medical benefits program that includes coverage for medical, dental, vision, preventive care, and prescription drugs.
• Pension plan: a defined benefit pension plan that provides financial security and supports employees in planning for their future.
• We assist with relocation and visa applications for you and your family, when it applies
• Hybrid and flexible work schedules
• Health and Well-being: Access to our Health Services Center, which offers preventive care and health education for employees.
• Development support: We offer tools to enhance your professional profile, including mentoring, one-on-one professional counseling, training and learning opportunities, language classes, and mobility options, among others.
• Other perks: Lactation Room, Daycare Center, Gym, Bike Racks, Parking, Spouse Career Program, and others.

Our culture

At the IDB, we work so everyone brings their best and authentic selves to work while finding their purpose. Our people consistently strive for excellence, and we recognize and celebrate the impact of their contributions.

In our efforts to drive innovation, we intentionally include all voices, cultivate a sense of belonging and champion fairness. We welcome individuals from underrepresented groups to join us and share their unique perspectives.

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 accommodations@iadb.org.