Risk Officer

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

THE ROLE 

Reporting to the CRO, the Risk Officer will assist with the operationalisation of the framework within various departments to consistently and comprehensively identify, measure, monitor, mitigate, and report enterprise risks. The Risk Officer will provide support for the formulation of CDB’s policies, guidelines and practices on risk management.

KEY RESPONSIBILITIES 

The Risk Officer will be required to: 

1.      Contribute to drafting as well as following policies, guidelines and processes to identify, measure, mitigate, and monitor, the full spectrum of financial and non-financial risks at CDB. 

2.      Contribute to establishing as well as following the requirements for effective implementation and maintenance of enterprise risks utilizing in-house and appropriate industry tools. 

3.      Establish reporting requirements; report frequently and comprehensively on the full spectrum of enterprise risks facing CDB with proposed effective mitigation controls. 

4.      Define parameters and embark on extensive financial and non-financial modelling exercises to guide the organisation’s strategic planning and future policy initiatives. 

5.      Conduct rigorous stress testing and scenario analysis on an ongoing basis to better understand gaps and CDB’s preparedness to mitigate anticipated and unanticipated enterprise wide risks. 

6.      Design and participate in targeted organisation-wide training and awareness sessions on an on-going basis. 

7.      Develop a good working relationship with other departments to safeguard “buy-in”, participation, ownership and implementation by all areas of the organisation. 

8.      Select, implement and maintain analytical enterprise-wide systems to enhance the timeliness, completeness, and accuracy of information provided to end-users via report automation, query access to data, and/or intranet reporting solutions. 

9.      Complete enterprise wide risk assessment of projects and other organisation-wide initiatives to guide the organisation. 

    Participate in the analysis of risks in country, private and public project appraisals; and attend and contribute to divisional and departmental discussions to support the Risk Manager. 

    Act in a supervisory role providing guidance, leadership and support to the Risk Analyst. 

Embark on other enterprise wide projects, initiatives and activities as directed by the CRO.

QUALIFICATIONS 

The Ideal candidate for this role must have:  

• A post-graduate degree in a numerate discipline.
• Five (5) years' sound credit risk experience
• Experience in the use of risk quantitative techniques 
• Proven ability to conduct research, data analysis and mathematical modeling 

Multilateral Development Bank exposure would be considered an asset.

COMPETENCIES 

Function-Specific Competencies

 The Risk Officer must demonstrate: 

• An understanding of risk management principles, methodologies and tools, and governance principles and activity in a financial services environment. 

• Good understanding of financial and non-financial risk data aggregation; trending; management and analysis. 

• Relevant financial services sector, macro-economic and developmental experience. 

• An understanding financial and non-financial risk characteristics including the scoping and development of risk monitoring, reporting and key risk indicators. 

• Project management and sovereign expertise.  

• Strong written and verbal communication skills with proven ability in communicating with senior managers. 

• Strong communication and relationship building skills. 

• Strong quantitative, mathematical, modelling and statistical skills. 

• A good understanding of regional and international financial regulatory developments. 

• Strong excel macro skills. 

• Strong initiative, entrepreneurial, innovative and value added skills. 

• Supervisory and leadership skills.