What are the responsibilities and job description for the MICI Compliance Review Phase Coordinator Oversight, Audit & Compliance Principal Specialist position at The Economist?
Contract : 36 months initially
Location : Washington, D.C. United States
Posting End Date : 01 / 31 / 2025
We improve lives
The IDB Group is a community of diverse, versatile, and passionate people who come together on a journey to improve lives in Latin America and the Caribbean. Our people find purpose and do what they love in an inclusive, collaborative, agile, and rewarding environment.
About this position
The Independent Consultation and Investigation Mechanism (MICI for its initials in Spanish) is the independent accountability mechanism of the Inter-American Development Bank Group (IDB, IDB Invest, and IDB Lab). It started operations in September 2010, and its operation is governed by the IDB and IIC MICI Policies that are currently in effect. The MICI is a last resort alternative for addressing the concerns of groups of individuals or communities who allege that they are or might be adversely affected by IDB Group-financed operations due to institutional non-compliance with its operational policies.
The MICI's objective is to provide a mechanism and process independent of IDB Management to investigate allegations by Requesters of harm produced by the Bank’s failure to comply with its Relevant Operational Policies in IDB Group Financed Operations. This objective is fulfilled through two Phases : Consultation and Compliance Review.
The Compliance Review process is fact-finding in nature. It is not a judicial process and is not designed to establish guilt or innocence, or to adjudicate fault or apportion blame among the various Parties involved. The MICI only has a mandate to investigate allegations of noncompliance with Safeguards in a Group’s financed operations. It does not have a mandate to investigate actions of governments, public entities, local authorities, Borrowers, Clients, Executing Agencies or other lenders, sponsors, or investors in connection with the Bank-Financed Operation.
The Compliance Review Phase Coordinator, directly subordinate to the MICI Director, will be a full-time employee of the IDB under a fixed-term contract, reporting to the MICI Director. The Compliance Review Phase Coordinator will be independent of Bank Management and will be subject to the IDB Code of Ethics and Professional Conduct, Access to Information Policy, and other Bank policies, and will protect against conflicts of interest that could weaken the objectivity and integrity of the MICI.
What you’ll do
- Works under the general supervision and guidance of the MICI Director.
- Works with the MICI Director to develop operating guidelines and protocols for the Compliance Review Phase.
- Supports the MICI Director in the eligibility determination of Requests.
- Under the supervision of the MICI Director develops terms of reference, and identifies and contracts experts to constitute the Compliance Review Panel.
- Serves as Chairperson of the Compliance Review Panel formed for approved investigations.
- Investigates in an independent, thorough, and objective manner, in coordination with the members of the Panel.
- Consults with Requesters, Management, and other stakeholders, as appropriate.
- Works under the general supervision and guidance of the Director to prepare investigation reports.
- Monitors implementation of Board decisions on Compliance Reviews.
- At the request of the MICI Director, attends Board meetings for any matter related to the Compliance Review Phase.
- Works with the MICI Director and the Human Resources Department to identify and select expert consultants to be added to the Roster.
- Undertakes tasks and assignments as requested by the MICI Director that may be necessary or relevant for the work of the Compliance Review Phase.
What you'll need
