Inter-American Development Bank · 6 hours ago
Treasury and Risk Principal Specialist - Head of Enterprise Risk Management Group
Washington, DC
Contract
Onsite
Senior Level, Lead/Staff, Director/Executive
7+ years expThe Inter-American Development Bank (IDB) is a community dedicated to improving lives in Latin America and the Caribbean. They are seeking a Treasury and Risk Principal Specialist to lead the Enterprise Risk Management Group, focusing on managing enterprise-wide risks and enhancing risk management practices through technology and data analytics.
BankingFinanceFinancial ServicesNon Profit
Responsibilities
Act as a key advisor to the CRO and Senior Management, providing a holistic, forward-looking view of enterprise risk
Define and maintain the Bank-wide Risk Taxonomy, risk appetite statement, and key risk indicators
Design, implement, and continuously improve the Enterprise Risk Management (ERM) Framework, ensuring it aligns with best practices (e.g., COSO (Committee of Sponsoring Organizations of the Treadway Commission) ERM, ISO 31000) and the Bank’s strategic priorities
Lead the Operational Risk Management Framework (ORMF) process, drive the integration of operational risk management practices across business processes, promote a proactive risk culture, and ensure that incident management, root cause analysis, and lessons learned are systematically captured and used to enhance resilience
Coordinate the institution-wide evaluation of the Internal Control over Financial Reporting (ICFR) framework, in alignment with COSO principles, ensuring effective testing, documentation, and remediation of control deficiencies
Coordinate compliance-related risk assessments and issue management across the institution
Develop and lead the risk identification and assessment process, integrating financial, operational, compliance, and other risk perspectives into a single institutional risk profile
In coordination with all RMG’s Groups, lead the building, and continuous improvement of a centralized risk dashboard leveraging technology and automation to deliver timely, actionable insights to relevant stakeholders, particularly Senior Management and the Board
Champion the adoption of AI, machine learning, process automation, and advanced data analytics to improve risk monitoring, control testing, and reporting
Identify and recommend enterprise-wide process improvements, ensuring that risk management practices evolve with industry best practices and technological innovation. Drive continuous improvement of Bank-wide processes
Drive the digitalization of risk tools (e.g., risk and control self-assessments, key risk indicators, incident reporting, ICFR representation memoranda)
Oversee and monitor RMG’s IT and capital projects, ensuring alignment with institutional priorities, risk management objectives, and digital transformation goals; serve as the primary liaison between RMG and the Technology Department on all such initiatives
Provide regular and ad-hoc risk reports and dashboards for Senior Management Committees, and the Board of Executive Directors
Monitor key risk exposures and ensure consistent communication of risk appetite and tolerance levels across the Bank
Maintain and periodically update to incorporate leading practices the bank-wide Risk Taxonomy
Establish and maintain a knowledge repository of methods, lessons learned, and best practices
Perform Secretary function for all committees chaired by RMG representatives
In coordination with RMG (Risk Management Group) / RMI (Risk Messaging and Identity), build and sustain strong working relationships with diverse stakeholders, including business unit leaders, other second line functions, internal audit, external auditors, and peer institutions
Promote a culture of risk awareness and accountability through targeted training, workshops, and communications
Facilitate dialogue across departments, managing diverse personalities and levels of expertise, from senior executives to technical specialists
Recruit, mentor, and develop a high-performing, diverse team, fostering a collaborative, inclusive, and innovative work environment
Define clear objectives, performance indicators, and development opportunities to align team output with the Bank’s strategy
Lead change management efforts, ensuring effective adoption of new processes and tools across the institution
Qualification
Required
You must hold a master's degree (or equivalent advanced degree) in business administration, finance, economics, risk management, accounting, data science, or related fields relevant to the responsibilities of the role
At least 7 years of relevant experience, preferably 10 years of relevant and progressive substantive experience in enterprise risk management, operational risk, internal controls, compliance, or related fields within international financial institutions or regulated entities
Demonstrated leadership experience managing cross-functional teams and delivering results in complex, multicultural environments
Proven experience with digital transformation initiatives, including AI-driven risk analytics, automation of control processes, and implementation of enterprise-wide risk systems
Deep knowledge of COSO Internal Control Framework, Basel operational risk standards, and compliance best practices
Strong understanding of emerging technologies (AI/ML, RPA, data visualization) and their application to risk management
Skilled in dashboard development and process automation tools (e.g., Power BI, Tableau, or similar platforms)
Exceptional stakeholder management and communication skills, with the ability to engage diverse audiences and build consensus
High emotional intelligence, able to navigate complex organizational dynamics and diverse personalities
Strategic and critical thinker, capable of driving continuous improvement and innovation
Proficiency in English and one of the other Bank official languages (Spanish, French or Portuguese) is required
You are a citizen of one of our 48-member countries
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
Benefits
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.
On-site position with the occasional flexibility of teleworking.
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 (country specific): Lactation Room, Daycare Center, Gym, Bike Racks, Parking, Spouse Career Program, and others.
Company
Inter-American Development Bank
Our people are committed and passionate about improving lives in Latin America and the Caribbean, and they get to do what they love in a diverse, collaborative and stimulating work environment.
1001-5000 employees
Funding
Current Stage
Late StageTotal Funding
$25.66MKey Investors
Taiju Life Insurance
2022-10-06Debt Financing· $25.66M
Leadership Team
Leticia Riquelme
Financial Markets Specialist
Luis Moreno
President
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