Location: Washington
Deadline: Friday, 20 September 2013
Description
Deadline: Friday, 20 September 2013
Description
Description
Operational Risk and Internal Control Defined Term Consultant (DTC)
Established in 1959, the Inter-American Development Bank ('IDB' or 'Bank') is the main source of multilateral financing for economic, social, and institutional development in Latin America and the Caribbean. It provides loans, grants, guarantees, policy advice and technical assistance to the public and private sectors of its borrowing member countries.
The Operational Risk Management and Internal Control Unit, within the Office of Risk Management (RMG/ORM) coordinates the activities related to the Bank-wide Operational Risk Management Framework (ORMF), and the activities related to the assessment of the Bank's internal control system to support Management's assertion on the Bank's internal controls over financial reporting (ICFR). RMG/ORM is seeking a talented and experienced operational risk and internal control professional to strengthen its risk management group, and to support risk management initiatives and programs of the Bank.
KEY RESPONSIBILITIES
The candidate will, as a project team member or individually, perform the following activities;
- Support the implementation of a formal operational risk management framework, including the design and implementation of key risk indicators, risk management tools and systems, processes and controls to effectively identify and manage operational risks;
- Facilitate risk and control workshop sessions with relevant business units on process analysis, identification and assessment of risk and controls, including the identification/update significant Bank's accounts and processes related to ICFR;
- Provide training to Bank units on internal control and operational risk matters, promoting risk awareness and common understanding of operational risk issues, definitions and procedures;
- Create/update process flow documentation, perform process walk-through assessing adequacy of design;
- Develop test procedures for assessing operating effectiveness of key controls. Determine and obtain sampling for the testing of key controls, coordinate testing with internal and external auditors and prepare test summary report;
- Support the Bank's efforts during the implementation of an Enterprise Resource Planning (ERP) solution –SAP- by providing internal control and operational risk guidance, and coordinating the consideration of internal control matters during the planning and implementation processes.
- Coordinate and follow up with the relevant business units the action plans for mitigation of operational risks; Maintain an effective liaison and working relations with strong networking with the relevant business units.
Qualifications
REQUIREMENTS
Education: Master's degree in finance, business administration, and/or systems. CPA or CIA certifications preferred.
Experience: Minimum of 5 years of relevant experience (preferable with an international financial institution) in developing and implementation of Operational Risk Management frameworks, assessment of internal control systems and/or Sarbanes Oxley (SOX). Proven knowledge and experience in the implementation of SAP.
Languages: Fluency in English and Spanish.
COMPETENCIES
Technical Competencies
- Proven ability to implement risk management initiatives involving multiple business units with diverse interests;
- Solid foundation and knowledge of operational risk and tools, related standards such as Basel, Sarbanes Oxley Act (SOX), Public Accounting Oversight Board (PCAOB) Standards, COSO Internal Control Framework, COBIT and others issued by standards setting organizations, risk management, governance, and best practices;
- Strong quantitative and analytical skills;
- Ability to independently formulate and draft well-organized, well-written, analytically sound and thorough reports on operational risk and assessment of internal control systems;
- Proficiency with PC-based software, i.e., Excel, Access, PowerPoint, etc.
Payment and Conditions of Employment:
If the work will be carried out at Bank headquarters in Washington D.C. Remuneration will be determined in accordance with Bank regulations and criteria. The Bank will additionally contribute toward travel and moving expenses, if applicable. If a candidate is not a citizen or resident of the United States, the Bank will apply for a G-IV visa from the consulate of the United States in the candidate's country of origin. If a candidate cannot obtain a visa to work at the IDB the contractual offer will be rescinded.
Individuals with relatives working for the IDB within and including the fourth degree of consanguinity and the second degree of affinity are not eligible. This includes staff members and consultants. Candidates must be citizens of a member country of the Inter-American Development Bank.
Primary Location
: HQ-US-Washington DC
Job Posting
: Sep 4, 2013, 10:00:00 AM
Closing Date
: Sep 20, 2013, 10:00:00 AM
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