Location

This Position can be located in: Washington DC.

We improve lives

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.

About this position

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.

What you’ll do

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.

What you'll need

• 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. 

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;
• Hybrid and flexible work schedules;
• 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.

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.

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