Credit Risk Management Consultant
Location:
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
We are looking for a Credit Risk Management Officer with strong experience in as many of the following areas/industries as possible: financial institutions, structured finance, and investment funds.
What you’ll do:
- Support the origination, execution, and monitoring of financial institutions, structured finance, and investment fund transactions and provide independent technical risk assessments of IDB Invest’s transactions, identifying issues to be addressed by various business areas and offer potential solutions and alternatives.
- Perform the independent credit risk and/or investment assessment of sophisticated transactions, including reviewing and providing advice on financing structures, financial documents, consultant reports, financial models, and legal documentation in order to fully assess resulting credit and investment risk and possible mitigants to assigned transactions.
- Be part of multidisciplinary teams in the analysis of prospective transactions and make recommendations to mitigate the identified key credit risks, as part of the credit approval process.
- Review and ratify the internal credit risk ratings applicable to the transactions assigned, considering all dimensions involved, including borrower risks, transaction structure risks, and the macro/regulatory environment, as well as the envisioned probability of default, loss-given default, and expected recoveries.
- Prepare written credit risk assessments including a credit recommendation on the counterparty's risk profile/rating in accordance with our credit policy and guidelines and documentation standards.
- Formulate well-reasoned recommendations and persuasively communicate recommendations at required committees and to senior management.
- Review and evaluate waivers and amendments presented by the Portfolio Management and Origination Divisions.
- Work closely with the Special Assets Division on troubled debt restructurings to identify suitable debt restructuring strategy, steer jointly with that Division and other partners in the IDB Invest the recovery efforts and propose loan provisions.
- Use an array of analytical tools, risk management models and methodologies to measure IDB Invest credit risk exposure for assigned projects and ensure that all transactions operate inside of clearly established limits.
What you’ll need:
· Education: master’s degree (or equivalent advanced degree) in Business Administration, Finance, Engineering, or relevant field.
· Experience: Minimum of five years of relevant professional experience in similar position. You will also possess confirmed analytical skills and experience in seeking innovative solutions.
· Languages: You are proficient (oral and written) in English. Additional knowledge of Spanish, Portuguese or French is a plus.
Key skills:
· Learn continuously.
· Collaborate and share knowledge.
· Focus on clients.
· Communicate and influence.
· Innovate and try new things.
Requirements:
· Citizenship: You are either a citizen of Trinidad and Tobago or a citizen of one of our 48-member countries with residency or legal permit to work in Trinidad and Tobago.
· Consanguinity: You have no family members (up to the fourth degree of consanguinity and second degree of affinity, including spouse) working at the IDB, IDB Invest, or IDB Lab.
Type of contract and duration:
· Type of contract: Consultant Full-Time.
· Length of contract: 36 months.
· Work Location: COF Trinidad and Tobago
What we offer
The IDB group provides benefits that respond to the different needs and moments of an employee’s life. These benefits include:
· A competitive compensation package.
· Leave and vacations: 2 days per month of contract + gender-neutral parental leave.
· Health Insurance the IDB Group provides a monthly allowance for the purchase of health insurance.
· Savings plan: The IDB Group cares about your future, depending on the length of the contract, you will receive a monthly savings plan allowance.