Treasury & Risk Associate -Derivatives Risk
JOB DETAIL
Treasury & Risk Associate – Derivatives Risk
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
The Office of Risk Management (RMG) is looking for a dynamic and innovative derivatives risk management Associate who will help us change people’s lives in Latin America and the Caribbean and implement initiatives in its Treasury Risk Management (RMT) Unit. These activities are part of RMG’s goals to further strengthen the framework for analyzing, measuring, and managing risks in the Bank’s Treasury portfolios.
What you’ll do:
This position will be responsible for implementing initiatives and work programs on derivatives portfolio risk measurement, collateral management, ISDA/CSA negotiation, risk guidelines and limits, risk control and monitoring and risk reporting.
- Leverage the use of the Bank’s internal Derivative Counterparty Risk Management (DCRM) system to produce daily derivative risk measures and reports.
- Ensure accuracy of daily swap valuation for collateral management. Communicate effectively with counterparties to agree on margin calls and solve disputes in valuation, ensuring timely posting of collateral.
- Collaborate in the assessment and monitoring of derivative portfolio risks, applying metrics and tools for scenario analysis and stress testing to give senior management a comprehensive view of risk positions, market conditions, and the impact of new initiatives.
- Negotiate new ISDA Swap Agreements and amendments to existing agreements and collaborate on analyzing the impact of new developments in regulations in coordination with TRY and LEG.
- Lead the enhancement of processes for risk monitoring, data analysis and visualization, and collateral management through automating procedures and proposing innovative solutions where required.
- Maintain and update a database of key assumptions and market inputs required to run portfolio risk measures, including Value-at-Risk (VaR), risk sensitivities, potential credit exposures and other metrics.
- Conduct research and data analysis to support revisions to risk guidelines and limits, as well as ISDA/CSA collateral and risk mitigation provisions.
- Monitor risks and prepare a summary of relevant market and portfolio developments to be presented at weekly capital market meetings.
What you’ll need:
· Education: Master’s degree in Finance, Business Administration, Economics, Statistics, Computer Science, or a related discipline preferred. Strong quantitative background preferred.
· Experience: At least 5 years of experience in finance preferred, capital markets, risk management and/or portfolio management with exposure to derivatives a plus. Outstanding analytical and problem-solving skills, with ability to add value to the risk management process through creative thinking and in-depth and disciplined analyses. Strong communication skills, including the ability to draft well-written, coherent analyses and documents for senior management.
· Languages: Fluency in English required.
Key Skills
· Learn continuously
· Collaborate and share knowledge
· Focus on clients
· Communicate and influence
· Innovate and try new things
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
·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 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 support employees in planning for their future.
· We offer assistance 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 that 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.
· Other perks: Lactation Room, Daycare Center, Gym, Bike Racks, Parking, Spouse Career Program, and others.
Our culture
At the IDB Group, we work so everyone brings their best and authentic selves to work, willing to try new approaches without fear, and where they are accountable and rewarded for their actions.
Diversity, Equity, Inclusion, and Belonging (DEIB) are at the center of our organization. We celebrate all dimensions of diversity and encourage women, LGBTQ+ people, persons with disabilities, Afro-descendants, and Indigenous people to apply.
We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job interview process. If you are a qualified candidate with a disability, please e-mail us at [email protected] to request reasonable accommodation to complete this application.
Our Human Resources Team reviews carefully every application.
About the IDB Group
The IDB Group, composed of the Inter-American Development Bank (IDB), IDB Invest, and the IDB Lab, offers flexible financing solutions to its member countries to finance economic and social development through lending and grants to public and private entities in Latin America and the Caribbean.
About IDB
The Inter-American Development Bank is devoted to improving lives. Established in 1959, the IDB is a leading source of long-term financing for economic, social, and institutional development in Latin America and the Caribbean. The IDB also conducts cutting-edge research and provides policy advice, technical assistance, and training to public and private sector clients throughout the region.
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