Treasury & Risk Associate โ Derivatives Risk
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 Office of Risk Management (RMG) is looking for a dynamic and innovative derivatives risk management Associate who will help us change peopleโs lives in Latin America and the Caribbean and implement initiatives in its Treasury Risk Management (RMT) Unit. These activities are part of RMGโs goals to further strengthen the framework for analyzing, measuring, and managing risks in the Bank's Treasury portfolios.
What youโll do:
This position will be responsible for implementing initiatives and work programs on derivatives portfolio risk measurement, collateral management, ISDA/CSA negotiation, risk guidelines and limits, risk control and monitoring and risk reporting.
- Leverage the use of the Bankโs internal Derivative Counterparty Risk Management (DCRM) system to produce daily derivative risk measures and reports.
- Ensure accuracy of daily swap valuation for collateral management. Communicate effectively with counterparties to agree on margin calls and solve disputes in valuation, ensuring timely posting of collateral.
- Collaborate in the assessment and monitoring of derivative portfolio risks, applying metrics and tools for scenario analysis and stress testing to give senior management a comprehensive view of risk positions, market conditions, and the impact of new initiatives.
- Negotiate new ISDA Swap Agreements and amendments to existing agreements and collaborate on analyzing the impact of new developments in regulations in coordination with TRY and LEG.
- Lead the enhancement of processes for risk monitoring, data analysis and visualization, and collateral management through automating procedures and proposing innovative solutions where required.
- Maintain and update a database of key assumptions and market inputs required to run portfolio risk measures, including Value-at-Risk (VaR), risk sensitivities, potential credit exposures and other metrics.
- Conduct research and data analysis to support revisions to risk guidelines and limits, as well as ISDA/CSA collateral and risk mitigation provisions.
- Monitor risks and prepare a summary of relevant market and portfolio developments to be presented at weekly capital market meetings.
What you'll need:
ยท Education: Masterโs degree in Finance, Business Administration, Economics, Statistics, Computer Science, or a related discipline preferred. Strong quantitative background preferred.
ยท Experience: At least 5 years of experience in finance preferred, capital markets, risk management and/or portfolio management with exposure to derivatives a plus. Outstanding analytical and problem-solving skills, with ability to add value to the risk management process through creative thinking and in-depth and disciplined analyses. Strong communication skills, including the ability to draft well-written, coherent analyses and documents for senior management.
ยท Languages: Fluency in English required.
Key Skills
ยท Learn continuously
ยท Collaborate and share knowledge
ยท Focus on clients
ยท Communicate and influence
ยท Innovate and try new things
Requirements
ยท 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.
ยท 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
ยท International staff contract, 36 months initially, renewable upon mutual agreement.