Chief Risk Officer (CRO), Washington

Inter-American Development Bank (IDB)

IDB Washington

Chief Risk Officer (CRO)

The Bank is seeking an exceptional candidate to lead the Office of Risk Management (RMG).


At the Inter-American Development Bank, we are devoted to improving lives. Since 1959, we have been a leading source of long-term financing for economic, social, and institutional development in Latin America and the Caribbean. We do more than lending though. We partner with our 48-member countries to provide Latin America and the Caribbean with groundbreaking research about relevant development issues, policy advice to inform their decisions, and technical assistance to improve on the planning and execution of projects. For this, we need people who not only have the right skills, but also are passionate about improving lives.


Our people are committed and passionate about improving lives in Latin America and the Caribbean, and they get to do what they love in a diverse, collaborative, and multicultural work environment. We are the first Latin American and Caribbean development institution to be awarded the EDGE certification, recognizing our strong dedication to gender equality. We encourage women, afro-descendants, Indigenous peoples, the LGBTQ+ Community, and persons with disabilities 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 [email protected] to request a reasonable accommodation to complete this application.


The Chief Risk Officer (CRO) provides thought and technical leadership to preserve and strengthen the Bank’s capacity to identify, measure and manage financial and non-financial risks effectively and within the Bank’s risk appetite.

The CRO leads the Office of Risk Management (RMG), reports to the Executive Vice President and works with senior management (directly and through membership in management committees), leads presentations to the Board of Executive Directors, and represents the management team both internally and externally on matters pertaining to RMG’s responsibilities, including with rating agencies and Multilateral Development Banks. The CRO also accompanies transformations in the institution like the ongoing Digital Transformation and the Operational Excellence Agenda on continuous improvement.

Among others, the CRO’s responsibilities include the following:

  • To lead a team of over 50 highly skilled, interdisciplinary and multicultural professionals, organized in five functional units.
  • To design, seek approval and maintain up to date the Bank’s risk management framework, including applicable policies, guidelines, data and systems. This mandate runs across all the main financial and non-financial risk areas of the Bank, including the capital adequacy framework commensurate with the Bank’s triple-A credit risk rating, the asset and liability management framework, the internal control, operational risk and enterprise risk frameworks and policies and guidelines pertaining to management of environmental, social and governance dimensions in Bank operations.
  • To ensure effective and efficient oversight and implementation of risk management policies and guidelines, including by chairing and representing RMG in Management committees.
  • To foster an integrated risk management culture, including the sharing and adoption of evolving best practices, deployment of training and providing mentoring and coaching at all levels of the organization.


Link to Core Competencies (← please Ctrl + Click)


  • 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 fourth degree of consanguinity and second degree of affinity, including spouse) working at the IDB Group.

  • Education: A Master’s or equivalent, in finance, mathematics, business administration or other related disciplines.
  • Experience: At least 12-15 years of relevant work experience in banking or financial services, including leading roles in risk management or other relevant disciplines and a proven track record of managing risk successfully.
  • Languages: Fluency in English. Working knowledge of Spanish is a plus.


  • Type contract: Staff International
  • Length of contract: 3 years
  • Business Unit: RMG/RMG
  • Location: Headquarters in Washington, D.C.


Contract type and duration: International staff contract, 36 months initially, renewable upon mutual agreement.

Compensation: competitive

Vacations: 24 days + 8 personal days

Health insurance: Bank subsidizes employee premium

Pension plan

Visa: we sponsor a visa to work in the United States of America for the employee and the family

Relocation grant if applicable

Are you passionate about improving lives in LAC and you comply with the requirements and qualifications? Apply! Our Talent Acquisition Team reviews every application.

COVID-19 considerations: the health and safety of our employees are our number one priority. As a condition of employment, IDB/IDB Invest requires all new hires to be fully vaccinated against COVID-19.





Additional Information

Tags: banking, continuous improvement, development banks, financial services, indigenous peoples, latin america, lgbt, risk management, talent acquisition