Requisition ID 1321 - Posted  - Barbados

The Caribbean Development Bank (CDB/the Bank) is seeking to recruit an Intern, Risk Management. 

THE DEPARTMENT

The Office of Risk Management (ORM) is an independent - but integral part of Bank’s activities - dynamic, strategic and responsive office leading CDB’s second line function, fully supporting the President, the Senior Management Team and the Board of Directors in the management of all core, non-core and emerging risks across the organization It. Led by the Chief Risk Officer (CRO), ORM ensures the effectiveness and continuous development of the Bank’s risk management framework, supporting CDB’s strategic vision and mandate. The Unit also ensures that business areas appropriately implement risk management measures and comply with Board‑approved risk limits. ORM is the guardian of the Bank’s risk management framework, owned by the Board of Directors, and associated policies and oversees their implementation across the institution. ORM delivers ‘value-adding’ support, including technical and strategic, advisory, report and data analysis and interpretation, which is actively sought and used by the first line operations units and senior management.

ROLE AND RESPONSIBILITIES

Strategic Risk:

  • Supporting the CRO across the team in special projects and strategic initiatives (e.g. AI, risk repository etc.)
  • Supporting the team in analysis, research, studies on financial innovation and innovative risk-related topics, subject matters.

Operational Risk:

  • Supporting the operational risk assessment process by reviewing operational risk registers and documenting key findings.
  • Assisting with incident management activities, including tracking and analysing operational risk incidents, and preparation of concise summaries of incident trends.
  • Conducting targeted research on emerging operational risk themes, summarize findings, and present brief, well‑structured briefing notes.

Credit Risk:

  • Writing credit reviews of non-sovereign borrowers of CDB, assisted by experienced risk staff;

Market Risk:

  • Contributing to the monthly monitoring of market, liquidity, and funding risks by assisting in the review and analysis of key financial risk indicators.

General Responsibilities:

  • Supporting the design and enhancement of policies and procedures by reviewing existing documents and highlighting potential areas for improvement.
  • Assisting with knowledge management and awareness initiatives by helping coordinate risk-related training sessions and activities, and maintaining a centralized repository of tools and templates.
  • Contributing to strategic and ad hoc risk reporting by helping prepare risk dashboards and contributing to risk reports by drafting sections and assembling datasets.

REPORTING REQUIREMENTS

Reporting to the Operational Risk Officer under the supervision of the Chief Risk Officer.

EDUCATION

Currently pursuing a Bachelor’s or Master’s programme in a relevant field of study, such as Risk, Accounting, Finance, Economics, Statistics, or Operations Management or a related discipline, at an accredited tertiary level educational institution, or a recent graduate from at a minimum, a Bachelor’s programme (not more than 12 months).

COMPETENCIES

  • Curiosity and willingness to learn about risk frameworks and operational processes
  • Ability to analyze qualitative and quantitative data
  • Proficiency in Microsoft Office, especially Excel
  • Strong written and verbal communication skills
  • The ability to work harmoniously and effectively within a small team and to manage competing assignments
  • Understanding of the professional, ethical and integrity considerations related to Multilateral Institutions

LOCATION,  DURATION AND TIMING

The assignment will be based at CDB’s headquarters in St. Michael, Barbados over a 3-month period commencing on June 1, 2026 and ending on August 31, 2026.

TERMS OF APPOINTMENT

Before you proceed to apply, please consider the following requirements:

  • You must be a national of one of CDB’s member countries.
  • You will be required to produce evidence of any educational and professional qualifications to support your application if you are selected for an interview.

CDB fully respects the need for confidentiality of the information supplied and assures you that we will not discuss your background and interest with anyone, including references, without your prior consent.

The deadline for submission of applications is March 13, 2026, at 11:59 pm AST.

The Caribbean Development Bank is an equal opportunity employer and values diversity. We encourage all qualified candidates to apply regardless of their racial, ethnic, religious, cultural background, gender, sexual orientation, or disabilities. Women are strongly encouraged to apply.

The Bank provides reasonable accommodation to individuals with disabilities participating in the job application or interview process. Please contact us to request such accommodation.

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Before applying, please make sure that you have read the requirements for the position and that you qualify. Applications from non-qualifying applicants will most likely be discarded by the recruiting manager.