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Risk Analyst


  • Organization: CDB - Caribbean Development Bank
  • Location: Barbados
  • Grade: Junior level - Junior
  • Occupational Groups:
  • Closing Date: Closed

The Caribbean Development Bank (CDB) is seeking to recruit a national from its member countries to fill the position of Risk Analyst in the Office of Risk Management.  The successful candidate will be based at CDB’s headquarters in St. Michael, Barbados.


The Office of Risk Management (ORM) has been established in 2013 to assume responsibility for the design and administration of the Bank’s risk measurement, monitoring, and control functions.  The Unit is headed by a Chief Risk Officer (CRO) with responsibility for the development of an effective risk management framework. In carrying out its work, the Unit has to pursue three key goals: Delivery of ‘core’ responsibilities, which include risk identification, measurement, methodology, monitoring, reporting, limit setting and controlling. Delivery of ‘value-adding’ support that includes technical advisory, and data analysis and interpretation, which is sought for and used by the business and senior management; and daily and on-going management of the enterprise risks facing the Bank as these evolve.

The Key areas of risk management in a Financial Institution can be classified as

  • Credit risk: The Credit risk implicit in all sovereign and non-sovereign loan exposures including the concentration of the portfolio
  • Portfolio risk and Capital Adequacy: The risks posed by the portfolio of credit exposures and its coverage by equity
  • Market, liquidity and funding risk: The risks arising from market movements, and risks to the liquidity and funding of the Bank.
  • Operational risk: Risks arising in the operation and to the orderly operation of the Bank, including People, Processes, Systems, and External Events. These include risks arising in the work of the several units of the Bank, and also risks that might affect the Bank’s operations from the outside


Reporting to the CRO, the Risk Analyst will assist with the assessment, measurement, reporting and mitigation of risks that CDB faces including credit and portfolio risks, market, liquidity and funding risks, and operational risk. In this second-line of defence function the Risk Analyst will work closely with various departments of the Bank including Finance, Project, Economics and others to achieve risk management targets. The Risk Analyst will actively participate in formulating reporting, conduct quantitative analysis and provide support for the formulation of the Bank’s policies, guidelines and practices on risk management.


The Risk Analyst will be required to:

  1. Identify, measure, mitigate, and monitor the full spectrum of financial and non-financial risks at CDB in accordance to CDB’s approved policies, guidelines and processes.
  1. Conduct individually or as part of a team quantitative and qualitative assessment of risks including credit risk, operational and financial risks. Under supervision, participate in stress testing, forecasting, and scenario analysis.
  1. Formulate reports, assessments and support the formulation of policies and guidelines. Produce graphs and charts.
  1. Conduct in close cooperation and interaction with all other areas of the Bank enterprise risk and operational risk assessment and produce related reports. Support enterprise-wide risk assessment of projects and initiatives.
  1. Participate in targeted organisation-wide training and awareness sessions on an on-going basis. Participate in information selection and sharing with other areas of the Bank.
  1. Develop a good working relationship with other departments to safeguard “buy-in”, participation, ownership and implementation by all areas of the organisation.
  1. Effectively use several tools and software used in risk management. Frequent use of excel sheets and calculations.   
  1. Be involved, participate and increasingly conduct in the analysis of risks in countries, as well as private and public enterprises being appraised. As appropriate, attend and contribute to divisional and departmental discussions.


The Ideal candidate for this role should have:  

  • Master’s degree in economics, finance, accounting, or business administration. Degrees in quantitative fields (engineering, statistics, mathematics, actuarial sciences) may be considered if in combination with a degree in the afformention fields and/or appropriate experience.
  • Two (2) or more years of professional experience in the fields of risk management, economic or financial analysis, quantitative analysis, or related fields.
  • Experience in banking, and/or sound understanding of the functioning of financial institutions would be considered an asset.


Function-Specific Competencies

  • Strong financial skills, understanding of financial statements and their analysis, of banks and other financial institutions and of principles of risk management.
  • Excellent written and spoken expression and clear and secure writing style.
  • Willingness to learn, inherent curiosity, and critical thinking.
  • Excellent teamworking ability and relationship building skills.
  • Successful experience in quantitative analysis and strong quantitative, mathematical and statistical skills.
  • Strong Excel skills. Experience in excel programming such as macros and VBA, or experience with database software would be a plus.

Behavioural Competencies



Championing Customer Needs

Calls attention to issues that impact customer satisfaction; views situations from the perspective of customers; encourages people to think about customers when making decisions and develops and sustains productive customer relationships.

Communicating Effectively

Consistently communicates with clarity and thoroughness to optimise audience understanding. Communicates information in a clear, concise, and timely manner. Demonstrates effective speaking and presentation skills.

Delivering High Quality Work

Critically reviews work processes to ensure quality; addresses problems that could impact quality; makes sure project deliverables and services meet all requirements and expectations; does not make the same mistakes twice.

Demonstrating Initiative

Takes action on his/her own without being prompted; handles problems independently; able to resolve issues without relying on extensive help from others; does more than is expected or asked.

Driving for Results

Bottom-line oriented and pushes self and others to achieve results. Keeps current on project status; makes sure people are aware of project status and what they need to do to keep things moving; redirects project resources and activities to overcome setbacks; elevates project concerns to senior levels of leadership when appropriate.

Supporting Organisational Goals

Actively supports organisational goals and values; demonstrates enthusiasm toward the organisation's goals and mission; aligns actions around organisational goals.


This is a full-time position with the successful candidate being contracted on a two-year basis in the first instance, with the possibility of renewal.  The salary is competitive and commensurate with qualifications and experience.  A pension plan, life and medical insurances are included in the benefits package.

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.
  • All appointments are subject to satisfactory background checks and references.

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

The deadline for submission of applications June 9, 2023 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 who participate in the job application or interview process. Please contact us to request such accommodation.

This vacancy is now closed.
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