Post of duty: Washington D.C. United States
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 IDB’s Office of Institutional Integrity (OII) is searching for an Integrity and Compliance Consultant to play a key role in carrying out the integrity oversight function for the IDB Group’s private sector operations. The selected candidate will participate in advising staff and management regarding the identification, assessment and mitigation of integrity and reputational risks in specific private sector transactions. The selected candidate will also support the development and implementation of mechanisms for managing integrity risks in private sector operations.
The candidate’s principal responsibilities will include:
· Overseeing a know-your-customer review of IDB Invest clients and relevant entities.
· Carrying out assessments of the AML/CFT systems of financial institution clients.
· Assessing tax-related risks presented by cross-border corporate structures used by proposed IDB Invest clients.
What you’ll do
· Assist OII’s prevention team by providing advice and responding to consultations from the IDB Invest and IDB Lab investment officers and other staff regarding the management of integrity risks in specific operations with private sector entities. This advice will encompass:
Monitoring compliance with IDB Invest procedures regarding Integrity Due Diligence (IDD) and related matters. Advising teams regarding the identification and assessment of specific integrity risks identified through IDD. Collaborating in the development of mitigation approaches to identified integrity risks (e.g., assessing the quality of anti-corruption compliance programs and working with clients on an action plan to remedy any gaps). Advise IDB Lab and IDB Invest regarding integrity and reputational risks in their operations, pursuant to applicable policies and procedures. Advise IDB Invest and IDB Lab regarding potential actions and alternatives when integrity risks manifest in connection with their counterparties or operations. Draft disclosure language to be included in project documents submitted to senior management, the IDB Invest Board, or IDB Lab Donors Committee. Manage a database of consultations received and advice provided and ensure that OII's information systems are kept up to date. Conduct research and analysis regarding issues relevant to OII’s prevention function (e.g., specific corporate entities, anti-money laundering regulations, or developing international tax transparency standards.)
What you'll need
· Education: Master’s Degree (or equivalent post-graduate education level) in one of the following fields: Law, Compliance, Business Administration, Finance, Forensic Auditing or related areas.
· Experience: 5 years of relevant professional experience with a preference for experience in one or more of the following areas:
o Anti-corruption compliance/oversight, with particular weight given to experience in assessing and/or implementing anticorruption compliance programs.
o Anti-money laundering compliance/oversight, with particular weight given to experience in assessing and/or designing AML/CFT compliance programs.
o Cross-border tax minimization strategies, with particular weight given to experience in creating or assessing cross-border tax optimization structures.
o Compliance/oversight function in an international institution context. Experience in other compliance or oversight functions in the context of an international institution.
· Languages: Proficiency in English and one of the other Bank official languages (Spanish, French or Portuguese) is 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.
· 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
· Type of contract: International Consultant Full-Time.
· Length of contract: 6 months.
· Work Location: On site.
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 packages.
· Leaves and vacations: 2 days per month of contract + gender- neutral parental leave.
· Health Insurance: the IDB Group provides a monthly allowance for the purchase of health insurance.
· Savings plan: The IDB Group cares about your future, depending on the length of the contract, you will receive a monthly savings plan allowance.
· We offer assistance with relocation and visa applications for you and your family when it applies.
· Hybrid and flexible work schedules.
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