Risk Specialist (ORM) - Contractual

Location: USA, Washington DC

Work for the IMF. Work for the World.

The International Monetary Fund is the apex International Organization at the heart of supporting the stability of the International Monetary and Financial System. The IMF continues to mature 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 key activities of the Fund, including surveillance, lending, and capacity development (CD).

The Office 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 of additional methodologies and tools to identify, assess, analyze, and monitor risk, 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 where additional risk analysis or mitigation efforts are needed and complements risk management policies and practices in operational departments. A key objective is enhanced risk-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 management function and fostering a culture of risk acknowledgment in the organization.

ORM will also provide an independent challenge of enterprise risk information and assessments of Departments.

The successful candidate will use quantitative and qualitative analytical skills, knowledge of risk assessment tools, and related eGRC technology and information systems to support the enhancement of the Fund's risk framework and develop additional tools for identifying and analyzing risks.

Major Duties and Responsibilities

The successful candidate will provide coverage for designated operational risk areas and deliver specific analytical, risk assessments, risk reporting, and data-management responsibilities assigned for the duration of the appointment.

Specific responsibilities include

Examine and evaluate issues in the Fund's strategic, core, and cross-functional risk areas using qualitative and quantitative economic and statistical methods, techniques, and institutional knowledge of the Fund; communicate risks, priorities, and necessary remediation actions effectively.

Maintain and enhance departmental models for assessing risks, including risks related to lending, budget, and information security.

Analyze the Fund-wide incident reporting database using operational risk methods and statistical modeling to interpret and predict potential risks.

Participate in the review and analytical work on the Fund@Risk survey.

Process, consolidate, and transform datasets within and between databases using statistical and/or econometric techniques.

Draft sections of analytical papers and Board documents prepared by ORM, and review and comment on documents, memoranda, and reports related to cross-functional risk management.

Prepare charts, tables, and presentations to support risk reporting and other communications.

Collaborate with departments and remain current on academic research concerning emerging risk topics.

Minimum 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 required.

The ideal candidate will also possess the following

• Experience with data extraction and analytical tools such as Python, VBA, or SQL.
• Proficiency with presentation and visualization software, such as Keynote, PowerPoint, Adobe Creative Suite, and Tableau.
• Previous experience in risk assessment and exposure to Fund policies and organizational procedures, including experience in area and/or functional departments. Strong knowledge of Fund procedures is required.
• Proficiency with external IMF economic and emerging risk databases, including Bloomberg, OECD, and other global risk databases.
• Demonstrated ability to collaborate with others, initiate action plans, manage change, make impactful decisions, and complete challenging assignments.
• Exceptional technical and analytical skills, including experience with Microsoft Excel and preparing presentations.
• Ability to quickly understand systems, situations, pressures, and the Fund's culture to identify potential risks and determine how best to achieve business goals in the face of those obstacles.
• Strong oral and written communication and interpersonal skills, with the ability to articulate complex technical ideas to nontechnical stakeholders and colleagues.
• Ability to address business challenges consistently and effectively through collaboration and transparency.
• Demonstrated ability to quickly assimilate technical and institutional context, assume responsibility for an existing work program, and deliver high-quality outputs within a defined assignment period.
• This is a one-year contractual appointment. Contractual appointments at the IMF are renewable for up to four years of cumulative contractual service, subject to continued temporary business needs, satisfactory performance, and budget availability.

Department

ORM Office of Risk Management

Hiring For

A11, A12

The IMF is guided by the principle that the employment, classification, promotion, and assignment of staff shall be made without discrimination against any person. We welcome requests for reasonable accommodations for disabilities during the selection process. Information on how to request accommodations will be provided during the application process.