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About this position

The Financial and Operational Risk Management Division, part of the Risk Management Department, is responsible for managing financial and operational risks of IDB Invest. The team is divided into four main teams:

• Portfolio Management: responsible for overseeing the growth of the portfolio, considering concentrations and other risk parameters, providing portfolio risk guidance to the business areas, managing portfolio limits, RAROC, Economic Capital, Risk Management MIS, reporting and limit controls, and quarterly calculation of provisions under the CECL.
• Market Risk: responsible for the design, implementation, update, and ongoing execution of the Market Risk and Asset and Liability Management framework. The team identifies, quantifies and monitors interest rate risk and foreign exchange risk of the balance sheet, and the price risk of the liquid investment portfolio. This group is also responsible for liquidity risk and counterparty credit risk management.
• Model Validation: responsible for independently validating IDB Invest’s models and maintaining the model governance framework.
• Operational Risk Management: responsible for assessing and maintaining an appropriate internal control environment, developing and managing a full operational risk framework as a second line of defense.
  
  

The Financial and Operational Risk Division is seeking a seasoned Counterparty Risk professional to join the Market Risk team as Lead Officer, based in Washington, D.C. Reporting to the Market Risk Director, the successful candidate will be responsible for the end-to-end management of counterparty risk arising from Treasury derivatives, with financial and non-financial counterparties. The Lead Officer will drive counterparty limit-setting, PFE/CVA/XVA analytics, ISDA/CSA governance, and daily exposure monitoring, and will play a hands-on role in the migration and implementation of new counterparty risk systems being integrated with Treasury operations, in close coordination with the Treasury, Legal, Operations, and IT functions.

What you’ll do

• Lead the counterparty risk onboarding, credit due diligence, and limit-setting process for derivatives counterparties (PFE, EE, EPE).
• Establish and maintain the framework of counterparty limits.
• Design, calibrate, and independently monitor Potential Future Exposure (PFE) models, CVA/DVA/FVA/KVA (XVA) computations, wrong-way risk analytics, and exposure netting/collateral treatment for the derivatives portfolio.
• Oversee ISDA Master Agreement and CSA lifecycle management jointly with Legal and Treasury: pre-execution documentation checks, tracking of amendments and renewals, sign-off routing, and escalation of non-standard risk provisions to the CRO.
• Perform daily monitoring, limit utilization reporting, and excess/pre-approval management for all counterparty exposures.
• Run stress testing, scenario analysis, and reverse stress testing on the counterparty portfolio, including sensitivity to counterparty downgrades, spread widening, and market shocks; report results to the CRO, ALCO, and the Risk Committee.
• Lead the counterparty risk workstream in the implementation of the new Market Risk / Treasury system (including PFE and XVA modules), collaborating with IT and Treasury to automate data sourcing, exposure aggregation, reporting, and limit control.
• Maintain and evolve the counterparty risk policies, guidelines, and procedures, benchmarking against Basel III/IV standards (SA-CCR, CVA capital charge), MDB peer practices, and industry best practices.
• Deliver executive-level reporting: daily counterparty exposure dashboards to the CRO and Managing Director, and periodic reporting to ALCO, Senior Management, and the Board.
• Lead the cross-functional integration of counterparty risk management across the transaction lifecycle, partnering with Finance, Operations, IT, Legal, Treasury, and Front Office teams to ensure effective onboarding through transaction maturity and unwind.
• Monitor regulatory developments (BCBS, EBA, FSB, IOSCO), market events, and idiosyncratic counterparty deterioration; propose proactive limit or hedging actions.

What you'll need

• Education: Master’s in Finance, Financial Engineering, Economics, Mathematics, Statistics, or related quantitative field strongly preferred. FRM, CFA, PRM, or CQF certification is highly desirable.
• Experience: Minimum 6 years (Preferable 8–10 years of relevant experience) in counterparty risk, market risk, or derivatives risk management within an international financial institution, MDB, investment bank, or top-tier commercial bank. Demonstrated hands-on experience managing PFE, XVA, ISDA/CSA governance, and derivatives exposure across multiple asset classes.
• Technical Skills: Strong understanding of derivatives products (IRS, CCS, FX forwards/swaps, options, CDS), pricing and exposure modeling; Basel III/IV counterparty credit risk framework (SA-CCR, IMM, CVA capital charge); collateral and margining under ISDA CSA and Uncleared Margin Rules; wrong-way risk; netting and close-out mechanics. Hands-on experience with risk systems such as Murex, Calypso, Bloomberg (MARS/BRM), Numerix, or equivalent. Strong programming and data-analytics skills (Python, SQL, Excel/VBA, Power BI).
• Languages: Oral and written proficiency in English required. Spanish and/or Portuguese are a strong plus.
• Core Competencies: Ability to translate complex counterparty risk concepts into clear, actionable recommendations. Strong analytical rigor, attention to detail, and control mindset. Excellent communication and stakeholder-management skills, including with senior management and Board committees. Problem-solving, ownership, and hands-on delivery attitude.
• Hands-on Approach: Willingness to operate as an individual contributor and subject-matter expert while progressively contributing to team growth.
• Ability to engage with executive committees, ALCO, and the Board.
• Experience in managing change, driving system migrations (PFE/XVA platforms), and leading cross-functional projects.
• Strong understanding of LATAM market dynamics, conventions, practices, derivatives regulatory landscape.
• High ethical standards and integrity.
• Ability to work under pressure and manage multiple priorities.
• Strong project management skills.
• Commitment to continuous professional development.
  
  

Please note that for this position, the final candidates will be required to successfully pass a background check to the satisfaction of the IDB Group, as a pre-employment condition, which will be conducted by third-parties. 

Requirements

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: 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.
• We offer assistance with relocation and visa applications for you and your family when it applies. 
• On-site position with the occasional flexibility of teleworking. 
• 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.
• Other office amenities (as available): Lactation Room, Daycare Center, Gym, Bike Racks, Parking, spouse career support, and 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 accommodations@iadb.org.

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