Fiduciary Specialist

Tags: Law English Spanish language Environment
  • Added Date: Friday, 13 June 2025
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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 Division of Financial Management and Procurement Services for Operations (FMP) is looking for an experienced, dedicated, and problem-solving Procurement Specialist. This role will be based in Country Office of Suriname and will support Executing Agencies and IDB Project Team Leaders in the projectโ€™s design, implementation and closure, as well as in their efforts to strengthen their fiduciary systems.

FMP is under the purview of the Vice-Presidency of Countries and works in collaboration with IDB partners to help IDB borrowing member countries achieve their development objectives through effective fiduciary supervision through expert advice and quality service that ensures the effective and efficient use of the Bankโ€™s development funds. To achieve this, we focus on the following task: establish a strategic dialogue with the authorities of the borrowing countries, provide advice on the design and implementation of Bank-financed operations, and support eligible countries to strengthen their fiduciary systems.

As a highly decentralized division, FMP focuses on: (i) bringing knowledge and innovation to FMP's operational and corporate work to create more effective development solutions; (ii) improve our decision making using business intelligence, relevant data and analytics; (iii) deploy our resources efficiently based on a planning framework to monitor, measure and communicate results; and (iv) create a healthy work environment that allows each FMP staff to grow, individually and collectively.

FMP includes within its main lines of action Leadership based on knowledge, innovation and transparency, customer-focused solutions, digitization, connectivity, data-based decisions, communication, and collaboration.

What youโ€™ll do

The fiduciary function is an integral part of the development process; in the public sector it ensures accountability, transparency, and value for money in the use of resources. The procurement management function is a critical part of the Bank's fiduciary function in conjunction with the financial management function.
Through an effective fiduciary strategy, which combines adequate risk management and efficient supervision, it provides quality advice for the fulfillment of the development objectives of our clients to ensure value for money and the timely completion of Procurement activities that directly affect the disbursement and Project execution following the Core Procurement Principles. For this, it has adequate knowledge of the market, of the latest tools in terms of procurement, and supports the strengthening of national procurement systems.
The Procurement Specialist is committed to providing the required advice to ensure that the proceeds of operations financed, guaranteed, or participated in by the Bank, are carried out effectively, in a timely manner and promoting the principles of economy, efficiency, and Value for Money. This objective is met through strong skills and knowledge which will be reflected in the following activities.

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