Operations Risk Management Senior Associate

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 an experienced, highly motivated, and detailed-oriented Operations Risk Management Senior Associate. You will conduct quality assurance and risk review of the IDB-financed projects and contribute to the strengthening of operational risk management through advisory services, portfolio analyses, data management, and reporting.

You will work in the Environmental and Social Risk Management Group part of the Office of Risk Management (RMG/ESR). RMG supports the IDB’s developmental mission by maintaining a robust and dynamic risk management and oversight framework. It facilitates understanding, mitigation, and control of risks across the organization to optimize the use of the IDB’s capital and financial resources, to maintain its AAA-rating, and to ensure the IDB follows best in class operational risk and ESG standards.

As of January 2025, the team in RMG/ESR is responsible for the oversight of three new risk areas: project and portfolio, procurement, and financial management, in addition to the social, environmental, governance, climate change, natural disasters and biodiversity risk area. For all risk areas, RMG/ESR: (i) provides quality assurance and risk review services throughout the project lifecycle; (ii) performs portfolio monitoring and reporting, including in-depth analyses and recommendations to improve risk management and ultimately the performance of projects; (iii) supports other departments through risk management advisory services; (iv) integrates sound risk management practices into country strategies, strategic documents, and existing operational processes; and (v) assesses various risk exposures of the portfolio, providing data-driven, expert advice to Senior Management.

What you’ll do

What you will do:

• Conduct operational quality assurance and risk review of higher-risk projects in preparation and monitor risk management actions during project execution, in line with operational policies and procedures and the project risk management framework.
• Develop and coordinate advisory services in operational risk management for regional, country, and sector teams, in coordination with other areas of the Bank.
• Conduct in-depth portfolio analyses and provide technical expertise to country, sector and project teams to strengthen risk management.
• Carry out field missions to participate in or facilitate selected risk workshops.
• Manage, define, and analyze key risk indicators, and dashboards as applicable, monitor and report on portfolio exposure to higher operational risks.
• Design, deliver, and disseminate knowledge products, training, technical policy interpretation, and guidance notes, in collaboration with areas of the Bank.
• Develop and maintain relationships with key stakeholders to ensure harmonization and strengthening of project risk management practices.

What you”ll need

• Education: Master’s degree (or equivalent advanced degree) in Project Management, Business Administration, Procurement, Engineering, Law, or other fields relevant to the responsibilities of the role.
• Experience: At least 5 years of progressive experience in international private or public operational management or in development finance, working with multilateral financial institutions, international non-government organizations, government agencies, or the private sector, preferably in Latin America and the Caribbean.
• Languages: Proficiency in English and one of the other Bank official languages (Spanish, French or Portuguese) 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

• Staff: International staff contract, 36 months, renewable upon mutual agreement.
• Duty Station: Headquarters full time based.

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: 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 supports employees in planning for their future.
• Hybrid and flexible work schedules
• Health and wellbeing: Access to our Health Services Center which 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.

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 [email protected].