Financial Controls & Operational Risk Management Lead Specialist

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 looking for a dynamic Lead Specialist with extensive experience in operational risk and Internal Control over Financial reporting (ICFR) compliance, strong leadership skills, and a deep understanding of banking and corporate operations. As a Lead Specialist, you will work directly with the head of your group to facilitate the Bank’s ICFR program. You will be responsible for developing the annual plan and guiding colleagues through the execution of the operational risk and ICFR cycle.

You will work in the Financial Controls and Operational Risk Management Group, within the Office of Risk Management. This group is responsible for coordinating the activities related to the assessment of the Bank’s internal control system to support Management’s assertion on the effectiveness of its internal controls over financial reporting (ICFR). The group is also responsible for providing advice to Senior Management and the Board on corporate operational risks faced by the Bank. To enable this, the team works with the Bank’s various departments, including in Human Resources, Information Technology, Finance, Budget and Administrative Services, and others, and leverages risk and control assessments, key and emerging risk research, control testing, and more to provide insight and recommendations.

What you’ll do

• Implement the Bank’s Internal Control policy as the second line in alignment with industry best practices and sound risk management
• Integrate ICFR and other elements of risk management within the Bank’s Operational Risk Management framework (ORMF)
• Design and implement the Internal Control over Sustainability Reporting (ICSR) program in accordance with the Bank’s ORMF and the COSO framework
• Establish and maintain risk metrics to evaluate the effectiveness of internal controls and monitor changes to the Bank’s operational risk profile
• Support the first line in establishing, documenting, and maintaining effective internal controls
• Facilitate the first line’s operational risk and control self-assessments (RCAs) to identify risks and ineffective internal controls, implementing action plans where necessary
• Build and maintain effective relationships and strong networks with key stakeholders, including business units, other second line offices, and the Office of the Executive Auditor
• Coordinate with internal and external auditors to facilitate ICFR and operational risk audits and reviews
• Facilitate internal control testing and independently review deficiencies and mitigation measures
• Lead the bottom-up representation memorandum process for Bank managers to attest to the effectiveness of ICFR

What you’ll need

• Education: Master’s degree (or equivalent advanced degree) in accounting, Finance, Business Administration, or related field. CPA, CIA, or other related certifications required.

• Experience: At least 10 years of progressive experience in operational risk, ICFR/SOX compliance, internal audit, or related field, with at least 5 years of leadership role within a major financial institution.

• Languages: Proficiency in English, spoken and written 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

• 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

• Leaves and vacations

• Health Insurance

• 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

• Development support

• Other perks

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 diversity@iadb.org to request reasonable accommodation to complete this application.
Our Human Resources Team reviews carefully every application.

How cinfo Can Support You in the Application Process for This Position

• Application and Interview Preparation: Whether you’re preparing your application documents or getting ready for an interview, you can book a Job Application Support session to receive tailored guidance.
• For Swiss nationals invited to the first round of the selection process (e.g., written test, interview, assessment center): Notify us at recruitment@cinfo.ch, and we will inform our HR partners in the respective organization and the Swiss Government to help increase your visibility.

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