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Chief Risk Officer

Employer
USAJobs
Location
Washington, D.C
Closing date
Sep 20, 2019
Duties

Summary

OPIC will become the new U.S. International Development Finance Corporation (DFC) effective October 1, and under the new Corporation, must establish a Chief Risk Officer (CRO). The CRO ensures that enterprise risks across the DFC are considered in aggregate; risk management activities across the DFC are coordinated so that similar risks are considered in a similar fashion; and there is an independent viewpoint on major risk related decisions and assumptions across the DFC.

Learn more about this agency

Responsibilities

The CRO will provide executive-level guidance to the DFC by identifying and advising on mitigation efforts regarding the most significant risks facing the DFC, including operations, credit programs, financial exposures and activities including credit, market, liquidity, operational, governance, information technology, and reputational risks. The CRO:
  • Works in coordination with the Audit and Risk Committees of the DFC Board of Directors to develop, implement and manage a comprehensive process for identifying, assessing, monitoring and limiting risks to the DFC, including the overall portfolio diversification of the DFC.
  • Has responsibility for forecasting the DFC's risk management needs and oversees the development and implementation of an integrated risk management framework for the DFC.
  • Works closely with management to recommend and promote best practices in risk management and ensures that all such analyses are thorough, accurate, and authoritative. Makes recommendations concerning which options are most appropriate.
  • Compares existing DFC program-level risk-management practices against public and private sector "best practices", including those of other international development finance institutions, to propose and implement improvements, as needed. Develops plan to further formalize risk management practices across the DFC. Reviews existing program level risk reporting and works to enhance where necessary.
  • Promotes a best-practice risk-management culture at the DFC commensurate with the development and foreign policy mandate of the agency.
  • Collaborates with the DFC CEO to balance the DFC risk appetite with the DFC's goals and strategic plans for financial returns and development impact.
  • Leads multiple projects simultaneously and directs and supervises the crafting of briefing materials, issue papers, memoranda, reports, and studies. Develops DFC-wide risk reports, including risk assessments.
  • Provides management with quantitatively and qualitatively rigorous analyses on key risks including credit, market, liquidity, operational, governance, information technology, and reputational risks.
  • Formulates an integrated enterprise risk management framework with emphasis on analyzing and developing policy, mitigation of risks, determination, measurement and monitoring of risk appetite, and understanding the interrelationships of various types of risk.
  • Collaborates with the other offices within the DFC in the development of policies, proposals, reports, briefings, and other assignments, and, as appropriate, in administrative and staffing matters.


Travel Required

Occasional travel - You may be expected to travel for this position.

Supervisory status
Yes

Promotion Potential
None

Requirements

Conditions of Employment

  • This position is in the excepted service.
  • US Citizenship is required.
  • Suitable for Federal employment, determined by background investigation.
  • Selective Service registration required for male applicants, unless exempt.


Qualifications

This is an Executive level position in the federal government, part of an elite group of senior government leaders who possess a diverse portfolio of experience and the strong skills required to lead across organizations. This dedicated corps of executives is charged with providing strategic leadership and upholding a commitment to public service.

The variety and technical complexity of issues and problems of this position require (a) an in-depth understanding of Federal credit programs and other programs that present financial exposure and other risks to the U.S. government, (b) mature judgment, and (c) thoughtful and constructive analysis. The work requires flexibility in developing solutions and executing actions, while maintaining adherence to law, regulation, and rule. The work requires a constructive approach to problem solving, which includes taking initiative in (a) the identification of needs and potential problems, (b) finding potential solutions, and (c) supporting active and well-informed management and supervisory participation. Applicants must display:
  • Executive knowledge of risk management best practices in the public and/or private sector.
  • Demonstrated ability to resolve complex risk-management issues and create financial analysis documents on an executive level.
  • Executive knowledge of complex risk-related financial analysis techniques, applications, records, and reporting.
  • Ability to communicate effectively, brief senior officials regarding options and recommendations, and inspire confidence in those recommendations and decisions.
  • Ability to quickly develop a strong understanding and knowledge of the major operational functions of the DFC, including the organization's mission and function, programs, policies, procedures, rules, and regulations.
  • Ability to quickly identify and analyze problems, distinguish between relevant and irrelevant information to perform logical risk-related financial analyses, and propose solutions to individual and organizational problems.
  • Demonstrates the ability to lead, manage, and facilitate change; demonstrates the vision to define and effectively manage strategies, change structures, and change processes necessary to address program priorities of the DFC.
  • Ability to develop steps, schedules, and assignments to meet strategic goals and targets;
  • Executive knowledge of international development finance manage implementation of projects and initiatives; anticipate and adjust for problems; measure outcomes; and evaluate and report results.
  • Ability to instill trust and confidence; create a culture that fosters high standards of ethics; behave in a fair and ethical manner toward others and demonstrate a sense of responsibility and commitment to public service.
  • Ability to respond appropriately to different people in different situations in a way that demonstrates tact, compassion and sensitivity; treats others with respect.
  • Ability to facilitate collaboration, cooperation, peer support, open dialogue, shared responsibility and shared credit among work group members; develop leadership in others through coaching, mentoring, rewarding, and guiding.
These qualifications must be addressed in your resume.

Education

This job does not have an education qualification requirement.

Additional information

Work Schedule:

This position allows for a flexible work schedule.

Miscellaneous:

OPIC uses E-Verify to confirm the employment eligibility of all newly hired employees. To learn more about E-Verify, including your rights and responsibilities, please visit http://www.uscis.gov/e-verify .

How You Will Be Evaluated

You will be evaluated for this job based on how well you meet the qualifications above.

You will be evaluated for this job based on how well you meet the qualifications above.

Applications will be evaluated against the resume and qualification requirements and qualified candidates will be assigned to a quality category. The category assignment is a measure of the degree in which your background matches the competencies required for this position. The categories for this announcement are defined as: Best-Qualified and Well-Qualified. The candidate's experience will be reviewed in determining the degree to which he/she possesses each of the qualification requirements. Candidates will then be evaluated for this position by a screening panel composed of a diverse mix of senior executives and/or general officers selected for organizational and/or functional backgrounds relevant to this position. Only the individuals in the Best Qualified category will be referred to the hiring official for review.

Background checks and security clearance

Security clearance
Secret

Drug test required
Yes

Position sensitivity and risk
Moderate Risk (MR)

Trust determination process
National security

Required Documents

To apply for this position, you must provide a complete Application Package which includes:
1. Your Resume listing hours worked per week, dates of employment (mm/yy) and duties performed.
2. Optional Cover Letter
3. If you are a current Federal employee, a copy of your most recent Standard Form 50.

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