IDB Invest
Staff Retirement Plan Risk Specialist
IDB Invest, Washington, District of Columbia, us, 20022
Location : Washington, D.C., United States - Headquarters
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.
About this position
We are looking for an experienced, dedicated, and team-oriented professional to work as a Specialist in the Front Office Team within the Executive Secretariat of the Staff Retirement Plans (SRP). You will report directly to the SRP Executive Secretary. As a member of the team, you will work together with other senior team members to perform the oversight and assessment of the plan's financial risks and actuarial valuations, as well as the development and deployment of internal analytical capacity to measure and evaluate the adequacy of policies governing the Plans’ financial sustainability, and interaction with internal and external stakeholders.
The SRP department is responsible for administering the Pension Plans, overseeing the payment of benefits under the Plans, managing the investment of assets, financial planning, carrying out the day-to-day administration of the Plans, and performing other functions outlined in the Plans’ regulations and/or delegated by the Managing Committees.
What you’ll do:
Collaborate with other teams in the department and the Bank on initiatives related to financial risk management and actuarial valuation of pension plans.
Provide an independent assessment of the financial risks in the plan’s investment portfolio. Develop metrics and key risk indicators to periodically assess the adequacy of the assets portfolio’s Strategic Asset Allocation to meet its desired objectives and the effectiveness of external managers. Investigate alternative investment strategies to mitigate and manage risks associated with large market fluctuations in the value of the plan investment assets.
Prepare periodic reports and presentations for the executive Secretary, Senior Management, and Governance Committees. Design and deploy expert reports on plans, financial risk indicators, and emerging risks. Liaison with relevant business units at the IDB and IDB Invest.
Ensure that the Plans’ actuarial valuations are properly overseen. Supervise the work and deliverables of the external actuary within the Bank’s actuarial working Group. Maintain operational excellence by promoting and implementing industry best practices internally in the oversight of the plan's actuarial valuation process.
What you'll need
Education : Master’s degree in financial economics, finance, mathematics, or other fields relevant to the role's responsibilities. Member of a recognized accredited organization in actuarial practice, strongly preferred. Progress towards professional designation such as FSA or equivalent is desirable. Ph.D. is preferred but not mandatory.
Experience : At least five years of relevant professional experience in financial risk management, finance, or related areas. Specific expertise in asset-liability management, investment portfolio construction, scenario simulations, stress testing, and actuarial modeling of pensions is strongly desired. Proficiency in using MS Office and expert programming scripts and dashboards in R, Python, SQL, or other programming languages.
Languages : Proficiency in English and one of the other Bank's official languages (Spanish, French, or Portuguese) is required.
Innovate and try new things.
Communicate and influence.
Focus on clients.
Collaborate and Share Knowledge.
Requirements
Citizenship:
You are a citizen of one of our 48- member countries. We may offer assistance with relocation and visa applications for you and your eligible dependents. 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 an employee's life's different needs and moments. These benefits include: A
competitive compensation
package, including an annual base salary expressed on a net-of-tax basis. 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:
a defined benefit pension plan that provides financial security and support employees in planning for their future. We offer assistance with
relocation and visa applications
for you and your family when it applies Hybrid
and
flexible
work schedules. Health and well-being:
Access to our Health Services Center provides employees with preventive care and health education. Development support:
We offer tools to boost your professional profile, such as mentoring, 1:1 professional counseling, training and learning opportunities, language classes, and mobility options, among others. Other perks
include a lactation room, daycare center, gym, bike racks, parking, a spouse career program, and others. Our culture At the IDB Group, we work so everyone brings their best and authentic selves to work, willing to try new approaches without fear, and where they are accountable and rewarded for their actions. Diversity, Equity, Inclusion, and Belonging (DEIB) are at the center of our organization. We celebrate all dimensions of diversity and encourage women, LGBTQ+ people, persons with disabilities, Afro-descendants, and Indigenous people to apply. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job interview process. If you are a qualified candidate with a disability, please e-mail us at diversity@iadb.org to request a reasonable accommodation to complete this application. Our Human Resources Team reviews carefully every application. A candidate has been pre-identified for this position and may apply. However, this remains a competitive process, and other qualified candidates are encouraged to apply and will be duly considered. About the IDB Group The IDB Group, composed of the Inter-American Development Bank (IDB), IDB Invest, and the IDB Lab offers flexible financing solutions to its member countries to finance economic and social development through lending and grants to public and private entities in Latin America and the Caribbean. About IDB The Inter-American Development Bank is devoted to improving lives. Established in 1959, the IDB is a leading source of long-term financing for economic, social and institutional development in Latin America and the Caribbean. The IDB also conducts cutting-edge research and provides policy advice, technical assistance and training to public and private sector clients throughout the region.
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You are a citizen of one of our 48- member countries. We may offer assistance with relocation and visa applications for you and your eligible dependents. 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 an employee's life's different needs and moments. These benefits include: A
competitive compensation
package, including an annual base salary expressed on a net-of-tax basis. 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:
a defined benefit pension plan that provides financial security and support employees in planning for their future. We offer assistance with
relocation and visa applications
for you and your family when it applies Hybrid
and
flexible
work schedules. Health and well-being:
Access to our Health Services Center provides employees with preventive care and health education. Development support:
We offer tools to boost your professional profile, such as mentoring, 1:1 professional counseling, training and learning opportunities, language classes, and mobility options, among others. Other perks
include a lactation room, daycare center, gym, bike racks, parking, a spouse career program, and others. Our culture At the IDB Group, we work so everyone brings their best and authentic selves to work, willing to try new approaches without fear, and where they are accountable and rewarded for their actions. Diversity, Equity, Inclusion, and Belonging (DEIB) are at the center of our organization. We celebrate all dimensions of diversity and encourage women, LGBTQ+ people, persons with disabilities, Afro-descendants, and Indigenous people to apply. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job interview process. If you are a qualified candidate with a disability, please e-mail us at diversity@iadb.org to request a reasonable accommodation to complete this application. Our Human Resources Team reviews carefully every application. A candidate has been pre-identified for this position and may apply. However, this remains a competitive process, and other qualified candidates are encouraged to apply and will be duly considered. About the IDB Group The IDB Group, composed of the Inter-American Development Bank (IDB), IDB Invest, and the IDB Lab offers flexible financing solutions to its member countries to finance economic and social development through lending and grants to public and private entities in Latin America and the Caribbean. About IDB The Inter-American Development Bank is devoted to improving lives. Established in 1959, the IDB is a leading source of long-term financing for economic, social and institutional development in Latin America and the Caribbean. The IDB also conducts cutting-edge research and provides policy advice, technical assistance and training to public and private sector clients throughout the region.
#J-18808-Ljbffr