PEC Consultant - Operational Risk Management

PEC Consultant
- Operational Risk Management

Job Description PEC Consultant
- Operational Risk Management City:
Washington DC Company: IDB Invest Posting End Date: 10/02/2026

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.

The Financial and Operational Risk Division (RSM/FOR) of IDB Invest is looking for a professional with strong risk management background, specifically in operational risk management, to support IDB Invest management to deploy the operational risk management framework and improve internal controls in the business units.

RSM/FOR, part of the Risk Management Department, is responsible for managing financial and operational risks of IDB Invest. The team is divided into three main parts:

• Portfolio Management and Risk Data: responsible for overseeing the growth of the portfolio, considering concentration and other risk parameters, providing portfolio risk guidance to the business areas, managing cross-booking allocation and limits, RAROC, Risk Management MIS, reporting and limit controls.
• Market Risk: responsible for the design, implementation, update, and ongoing execution of the Market Risk 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 area is also responsible for capital management, economic capital and counter party credit risk management.
• Operational
  
  Risk Management:
  
  responsible for assessing and maintaining an appropriate internal control environment, managing a full operational risk framework as a second line of defense.

The consultant will support the activities related to the implementation, maintenance, and monitoring of operational risk management processes, especially on finance and treasury operation processes.

Support the development, implementation, maintenance, and periodic enhancement of the Operational Risk Management Framework, policies, standards, methodologies, procedures, tools, and governance arrangements.

Maintain and promote consistent operational risk taxonomy, rating methodology, risk and control language, and documentation standards across business and support functions.

Plan, coordinate, facilitate, and document Risk and Control Self Assessments (RCSAs), including process scoping, risk identification, inherent risk assessment, control identification, control design review, control effectiveness assessment, residual risk determination, and remediation planning.

Perform operational risk assessments for key business processes to identify, assess, monitor and report on key operational risks.

Provide effective challenge and independent second line oversight of risk assessments, risk acceptance decisions, control evaluations, mitigation strategies, and management action plans prepared by the first line of defense.

Review business processes, products, services, data flows, organizational changes, and third party arrangements to identify operational risks, control gaps, critical dependencies, and opportunities for improvement.

Support the development and monitoring of operational risk appetite and tolerance metrics, including escalation criteria, breach assessment, corrective action requirements, and reporting to management and governance bodies.

Develop, maintain, and monitor Key Risk Indicators and early warning indicators; assess trends, threshold breaches, concentrations, and deteriorating risk conditions; and recommend escalation or management action.

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