Financial Control & Operational Risk Management Specialist or Sr. Associate

  • Competitive
  • Washington D.C., DC, USA Washington D.C. DC US
  • Permanent, Full time
  • Inter-American Development Bank
  • 05 Mar 18 2018-03-05

Do you have expertise in operational risks and reporting in financial institutions? Join the IDB’s Financial Control & Operational Risk Management Unit. You will help us coordinate the activities related to our Operational Risk Management Framework and the assessment of our internal control system, which supports Management’s assertion on the Bank’s internal controls over financial reporting (ICFR).


What you’ll do: 

  • Facilitate risk and control workshop sessions with business divisions on process analysis, identification and assessment of risk and controls, including key risk indicators, event collection and other risk management tools; 
  • Ensure our internal control system process is executed in accordance with the COSO Internal Control Framework, including walk-throughs, assessment of control design and operational effectiveness, representation memorandum process, and process flow documentation; 
  • Monitor and support Management’s efforts to implement significant corporate initiatives, such as system implementations; 
  • Support the project to configure/update SAP Governance Risk and Compliance (GRC) tool ruleset, identify potential segregation of duties violations and test mitigating control effectiveness; 
  • Provide input to periodic risk reports to Senior Management and the Board’s Audit Committee including the Bank’s operational risk profile, for corporate processes, and the status and results of the assessment of effectiveness of our internal controls over financial reporting; 
  • Serve as a liaison to the Bank’s external and internal auditors on internal controls on corporate processes. Maintain effective working relations with the business divisions;
  • Contribute to the training and development of others, coaching and mentoring junior staff to build technical expertise and leadership skills.  


What you’ll need:

Education: Master's degree or equivalent in finance, business administration, system engineering, or relevant field.

Experience: Minimum of 4 years of relevant experience (3 years for Senior Associate) preferable with an international financial institution in operational risk management, audit, system implementations, and/or the assessment of internal control systems in credit risk, investment management or banking. Advanced computer skills, including proficiency with PC-based software, i.e., Excel, Word, PowerPoint. Proficiency in Nasdaq-BWise and SAP GRC are highly desirable.

Languages: Proficiency in English and Spanish is required. Additional knowledge of Portuguese or French is a plus. Experience preparing documents, including the ability to draft well-written analyses and proposals.


Opportunity Summary:

  • Type of contract: Fixed Term Staff
  • Length of contract: 3 years
  • Starting date: April/May 2018
  • Location: Washington D.C.
  • Requirements: Candidates must be citizens of one of the IDB’s 48 member countries and have no family members currently working at the IDB Bank Group.


Our culture: Working with us you will be surrounded by a diverse group of people who have years of experience in all types of development fields, including transportation, health, gender and diversity, communications and much more.


About us: At the Inter-American Development Bank, we’re devoted to improving lives. Since 1959, we’ve been a leading source of long-term financing for economic, social, and institutional development in Latin America and the Caribbean. We do more than lending though. We partner with our 48 member countries to provide Latin America and the Caribbean with cutting-edge research about relevant development issues, policy advice to inform their decisions, and technical assistance to improve on the planning and execution of projects. For this, we need people who not only have the right skills, but also are passionate about improving lives.  


The IDB offers a competitive benefits and compensation package.
The IDB is committed to diversity and inclusion and to providing equal opportunities in employment. We embrace diversity on the basis of gender, age, education, national origin, ethnic origin, race, disability, sexual orientation, religion, and HIV/AIDs status. We encourage women, Afro-descendants and persons of indigenous origins to apply.