Senior Risk Specialist - Office of Risk Management (ORM) - Contractual

Senior Risk Specialist

Work for the IMF. Work for the World.

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 an ongoing roll-out 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, CD, and related support services. 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 ongoing development of methodologies and tools to identify, assess, analyze, and monitor risk, supporting their use by Area, Functional, and Support departments; and producing reports on the Fund's risk profile relative to tolerance at regular intervals for the Fund Risk Committee and Executive Board. ORM also provides an independent review and challenge function for enterprise risk assessments and treatments prepared by Departments. In this regard, ORM is also tasked to highlight areas where additional risk analysis or mitigation efforts need to be undertaken and complements risk management policies and practices in operational departments. A key objective is risk-based decision support across the organization. To enable this, ORM is also responsible for developing Fund training in risk management and shaping strong risk governance and a culture of risk acknowledgment in the organization.

The Senior Risk Specialist is expected to take a leading role in reviewing Fund policy and country operations from an enterprise risk perspective, will report to the Advisor in ORM and work collaboratively with the Head of Risk Oversight. The successful candidate is also expected to collaborate with other risk specialists and support ORMs work program on: (i) ongoing support for departments in rolling-out all aspects of ERM methodologies and application, and (ii) analysis of financial and non-financial risks to the IMF.

Major Duties and Responsibilities

• Assume a leading role in reviewing relevant Fund policy and country operations documents, through an enterprise risk management lens, building on the methods and tools already developed under the ERM framework.
• Work with risk specialists and oversight staff to support ORM's medium-term work program and in particular the ongoing roll-out of the tools and methodologies included in the ERM toolkit.
• Contribute to ORM's ongoing learning and communication strategies to key stakeholders throughout the institution including the Board, Management, Senior Departmental management and other staff of the institution.
• Contribute analysis and content to the main outputs of ORM including the annual and mid-year updates on the risk report, risk event reporting, and Risk Tolerance reporting to the Board and Fiscal Risk Committee.

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 eight (8) years of relevant work experience, is required. Alternatively, a minimum of two (2) years of experience in a related position at Grade A12, or equivalent, is required. The ideal candidate will have in-depth understanding of IMF operations across its core workstreams with specific understanding of policy work and country operations, a good knowledge of enterprise risk management frameworks across all dimensions of financial and non-financial risks, and an ability to support change management and operational work of the Fund. The candidate should demonstrate a strong understanding of the complexity of the Fund's relationships with member countries, internal work practices and procedures, the ability to engage with diverse teams, and to communicate effectively with a wide range of stakeholders. The job requires excellent oral and written communication skills, a demonstrated capacity to manage and execute multiple tasks and develop new ideas under tight deadlines, and to work well with teams within ORM and across the IMF's business units.

This is a one-year contractual appointment. Contractual appointments at the IMF are renewable for up to four years of cumulative contractual service, pending incumbent's performance, budget availability and continuous business need.

Department: ORM Office of Risk Management

Hiring For: A13, A14

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.