IDB Invest - Risk Management Consultant

We improve lives

IDB Invest is the private sector arm of the IDB Group committed to supporting the sustainable development of Latin America and the Caribbean through the private sector. Our mission is to finance, structure, and mobilize capital for companies and projects that support economic growth, resilience, and long-term development across the region.

IDB Invest operates in 26 countries, structured across four geographic regions and three industry verticals: Infrastructure and Energy, Financial Institutions, and Corporates.

As part of its evolving business model, “Originate to Share,” IDB Invest is expanding its capacity to mobilize private capital and scale development impact across Latin America and the Caribbean, supported by a $3.5 billion capitalization from its shareholders. The model strengthens IDB Invest’s ability to originate high-quality assets, structure innovative financial solutions, and connect global capital with opportunities across the region.

About this position

We are looking for an analytical, proactive, and collaborative Risk Consultant. As a Risk Consultant, you will support two teams within the division, contributing to model review and validation activities as well as to the implementation of the market data management solution, including market data analysis, validation and reporting.

You will work in the Model Risk team, part of the Financial and Operational Risk Management Division (FOR) within the Risk Management Department (RSM). The team is responsible for the model governance framework and model validation across areas including market risk, credit risk, capital adequacy, and asset pricing

What you’ll do

Support the execution of the Model Validation Program, primarily for market risk models and, as needed, credit risk and other model types (50%)

This will include:

• Assessing model documentation, methodologies, assumptions, data, and calibration approaches;
• Replicating model results and performing independent validation analyses;
• Designing and executing model testing activities, including back-testing, sensitivity analyses, and benchmarking;
• Identifying validation findings, recommending remediation actions, and preparing validation reports and supporting documentation.

Support the implementation and enhancement of the Bank's market data management framework (50%)

This will include:

• Identifying and assessing appropriate market data sources;
• Supporting the development and validation of yield curves, volatility surfaces, and other market data inputs;
• Developing and maintaining code for market data processing and controls;
• Designing and executing test plans and User Acceptance Testing (UAT) for market data solutions.

Develop and maintain effective working relationships with model owners, business stakeholders, and technology teams.

What you'll need

• Education: Bachelor's degree in a quantitative field such as mathematics, economics, engineering, statistics, actuarial science, risk management, finance, or a related discipline. FRM and/or CFA designation is a plus.
• Experience: Minimum of 2 years of relevant experience in quantitative risk management, model development, model validation, market data management, or related functions. Experience with market risk and derivatives pricing models, market data sourcing and curve construction, quantitative and statistical techniques, and technology implementation/testing (including UAT). Familiarity with Bloomberg market data and analytics is a plus. Additional experience with other risk model types will be considered an asset. Strong analytical, communication, and presentation skills are required.
• Languages: Proficiency in English, spoken and written, is required. Additional knowledge of Spanish is preferable
• Systems: Advanced user of Microsoft tools (e.g. Excel, Power point, Word and Power BI (other similar tools like Tableau will be also considered)); Advanced coding skills (e.g. VBA, R, MATLAB, Python, SQL).

Requirements

• Citizenship: No requirements
• 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

International consultant Full-Time, 12 months.

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: 2 days per month of contract + gender-neutral parental leave.
• Health Insurance: The IDB Group provides a monthly allowance to supplement the purchase of health insurance
• Savings plan: The IDB Group cares about your future, depending on the length of the contract, you will receive a monthly savings plan allowance.
• We offer assistance with relocation and visa applications for you and your family when it applies.
• On-site position with the occasional flexibility of teleworking.
• Development support: We offer learning opportunities to boost your professional profile, such as seminars, 1:1 professional counseling, and much more.
• Health and well-being: Access to our Health Services Center that provides preventive care and health education for employees.
• Other office amenities (as available): Lactation Room, Daycare Center, Gym, Bike Racks, Parking, spouse career support, 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.

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