Risk Specialist (Financial and Economic Risks) - Office of Risk Management

JobSummary

The IMF is the apex International Organization at the heart of supporting the stability of the International Monetary and Financial System. The Fund is engaged in a significant enhancement of its Enterprise Risk Management (ERM) framework to bring the scope and operations in line with those in other major organizations and international bodies. The scope of the ERM framework covers all activities of the Fund, including surveillance, lending, and CD. 

TheOffice of Risk Management (ORM)is at the center of these efforts and has the lead in developing and supporting implementation of a strengthened ERM framework at the Fund. This includes development ofadditionalmethodologies and tools toidentify, assess, analyze, andmonitorrisk, including new risk methodologies and techniques, and their use by Area, Functional, and Support departments; and producing reports on the Fund’s risk profile at regular intervals. ORM is also tasked to highlight areas whereadditionalrisk analysis or mitigation efforts are needed andcomplementsrisk management policies and practices in operational departments. A keyobjectiveisenhancedrisk-based decision support across the organization. To enable this, ORM is also responsible for developing Fund training in risk management, strengthening the governance around the risk managementfunctionand fostering a culture of risk acknowledgment in the organization. ORM will also provide an independent challenge of enterprise risk information and assessments of Departments. 

To aid in the full implementation and ongoing operational execution of the framework theORMis looking for a Risk Specialisttoworkonanalysis ofeconomicandfinancialRisksfacing the Fundand its membersto informthe assessment of theFund’s enterprise financial risks.Theposition willalso involveanalysis of existing financial and economic risksfacingthe Fund and its membershipand the further developmentandimplementationofnew metrics and tools toincrease ORM’s capabilitiesto effectivelyassessand supportmitigationofrisks in these core areas of the Fund’soperations, andprovideaggregatereporting.

Major Duties and Responsibilities

The successful candidate willsupportongoing operations andfurther development of theRisk Managementfunction with a particular emphasis onfinancialandeconomicrisk.This position will also involvesignificant input analysis and preparation of material for key ORM outputs including ORM’s flagship Annual and Midyear Risk Reports. Key responsibilities include:

• Development of Risk Tools:Supportingthe development of financial riskassessmenttools and practices to analyze and report on financial risksto the Funds balance sheetspanning credit,liquidityand market risks. 

• Data & Analytics:Contribute to the design and implementation of risk data models, analytics,stress-testing andscenariodevelopment,and reporting capabilities, focused onenterprisefinancialrisks.

• Analysis and Reporting:Monitoring,analyzingand preparing reports onfinancial risks within the organization's business units and on a corporate basis. 

• Review:Support thecoordination and preparation ofrisk-basedreviews of country documentsforprogramandsystemicallyimportantcountries.

• Policy Compliance:Support assessing thatthe organization's financial risk management policies, limits, and strategiesare in compliance withapplicable standards, bestpracticesand strategic imperatives of the organization.

• Relationship Management: Support engagementwithrelevant departmentsto developriskanalytics and metricsandto help departmentsidentify,treatand report on their key enterprise riskswith a focus on financial and economicrisksfacing departments.  

Qualifications

Educational development, typically acquired by the completion of an advanced university degree, or equivalent, in business, accounting, economics, finance, information technology, law, communications, organizational development, or a related field, or a professional certification either as an Accountant (CPA or international equivalent) or as an Auditor (CIA or CISA), supplemented by a minimum of four (4) years of relevant work experience, is required. Alternatively, a minimum of two (2) years of experience in a related position at Grade A10, or equivalent, is .

Additional Desired Qualifications: 

• Excellent analytic and quantitative skills ideally with application to economic and financial risk assessments for sovereigns, performance of IMF programs,andliquidity, credit and market risk analysis facing organizational balance sheets.

• Strong verbal and written communication skills, with the ability to articulate complex technical concepts to non-technical stakeholders.

• Strong relationship-management skills, with the ability to build trust and work constructively across departments 

• Ability to work independently, manage multiple workstreams, and adapt to evolving priorities 

• Proven ability to influence, collaborate, initiate action plans, manage change, and complete challenging assignments.

• Highdegreeof agility, flexibility, and adaptability.

• Knowledgeof the Fund’s operationswould bedesirable. 

A regular staff member who is selected to fill the vacancy will maintain their open-ended status. If the selected candidate is a contractual employee, they will be offered a Term staff appointment. Staff members already on a term appointment will continue their current term but may receive an extension provided that their current term appointment has not already been extended.