IDB Invest Risk Management Officer - Operational Risk | ICFR

IDB Invest Risk Management Officer - Operational Risk | ICFR

This Position can be located in:
Washington DC.

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.

IDB Invest is the private sector arm of the IDB Group and an international financial institution committed to addressing the development needs of Latin America and the Caribbean. Our mission is to support sustainable enterprises and projects that deliver financial results while maximizing social and environmental impact in the region.

IDB Invest operates in 26 countries, structured across four geographic regions and three industry verticals:
Infrastructure and Energy, Financial Intermediaries, and Corporates.

In support of a new transformative business model “Originate to Share” our shareholders recently approved a $3.5 billion capitalization. This will allow IDB Invest to significantly scale up its investments, nearly doubling annual financing from approximately $8 billion to $19 billion, and unlocking greater private sector participation to drive development and climate impact across the region.

The Financial and Operational Risk Division, part of the Risk Management Department, is seeking a professional to support the implementation and monitoring of internal controls over financial reporting at IDB Invest. Key responsibilities include evaluating business controls, identifying risks and deviations, recommending corrective actions, and providing training on operational risk and internal controls.

The candidate will support the activities related to the implementation, maintenance, and monitoring of internal control over financial reporting methodology in IDB Invest. The main activities will consist of:

• Evaluate the design and effectiveness of business controls to mitigate operational risk and financial reporting misstatement.
• Provide support on the identification, assessment, treatment, monitoring, and reporting of operational and financial misstatement risks within IDB Invest processes.
• Identify deviation from US GAAP (U.S. Generally Accepted Accounting Principles) and/or Bank policies and procedures and recommend corrective action.
• Identify, document and update entity level controls and relevant financial reporting assertions, and benchmarks and collaborate with process owners to ensure key controls are operating effectively.
• Review the business procedures to identify gaps, control deviations, and improvements, and monitor action plan implementation.
• Provide support in risk and internal control assessments in IDB Invest processes and systems during the year.
• Register, monitor and report periodically financial misstatement risk, incidents and key risk indicators regarding IDB Invest processes and systems.
• Provide training and awareness regarding internal control and operational risk matters.
• Provide assistance for any additional task associated with the implementation of the operational risk and internal control framework.

• Education: Master’s degree or equivalent advance degree in finance, economy or industrial engineering, or other fields relevant to the responsibilities of the role. Specialization in accounting, finance, or ICFR risk management is highly desirable.
• Experience: At least 4 years of progressive experience in business processes analysis, risk and control assessments, or internal control audits. Experiences evaluating ICFR and operational risks on accounting, financial instruments and finance processes is required.
• Languages: Proficiency in English and Advanced Spanish is ideal. French or Portuguese will be considered a plus.

• 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.

International staff contract, 36 months initially, renewable upon mutual agreement.

The IDB group…