Financial Sector Lead or Senior Specialist
Headquarters, Washington D.C.
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 IDB and the Connectivity Markets and Finance Division in the Institutions for Development Sector (IFD) has been leading the international agenda on innovative financial instruments for sustainability and, in particular, on the design of credit enhancement strategies to facilitate critical private sector mobilization to support countries to meet their sustainable objectives.
We are looking for a financial sector expert with strong track record on the design and implementation of sovereign guarantees and innovative financial structures in the areas of climate, infrastructure finance and SME financing.
Our Division works to strengthen the capacity of the public financial sector to mobilize resources and catalyze capital for development. We focus on effective capital market development and innovative financial structuring and solutions to facilitate private investment and ensure inclusive and sustainable development. The design and application of these financial solutions are conducted jointly, in close collaboration, with other IDB divisions, ensuring a holistic approach that leverages and combines financial and sector specific expertise.
What youโll do
Lead and co-lead all activities described below in close collaboration with different sectors of the IDB, ensuring effective combination of financial and sector specific expertise. Lead or participate in the identification, preparation, and delivery of innovative financial structures in support to the development of the LAC Region. Lead or participate in the design and implementation of IDB sovereign guarantees and other risk mitigation structures to foster private sector mobilization across strategic sectors. Lead or participate in the execution of loan and technical assistance programs, focusing on achieving development effectiveness and capturing lessons learned for the design of future operations. Design or participate in the execution of technical assistance and investment grant programs to support the public financial sector in the LAC Region. Engage in technical dialogue with government authorities, providing analytical and advisory services. Develop high level policy dialogue, knowledge exchange effort to strengthen strategic partnerships with key development stakeholders in the Region.What youโll need
Education: Masterโs degree (or equivalent advanced degree) in Economics, Finance, Public Affairs, Engineering, Mathematics, or other relevant field to the responsibilities of the role. Experience: At least 8 years of relevant work experience in finance, economics, or related fields from the public and/or private financial sector, or multilateral organizations, mainly focused on the design and/or execution of financial public sector operations and project management in Latin America and the Caribbean. Proven track record on structuring operations and expertise on the use of guarantees, guarantee funds and other structures in the areas of climate, infrastructure finance and SME financing. Languages: Proficiency in Spanish and English, spoken and written, is required. Additional knowledge of French and Portuguese is preferable.Key skills
Learn continuously Collaborate and share knowledge Focus on clients Communicate and influence Innovate and try new thingsRequirements
Citizenship: You are a citizen of one of our 48-member countries. We may offer assistance with relocation and visa applications for you and your eligible dependents. 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
International staff contract, 36 months initially, renewable upon mutual agreement. If we identify candidates in the region you will be working under a national staff contract.What we offer
The IDB group provides benefits that respond to the different needs and moments of an employeeโs life. These benefits include:
A competitive compensation package, including an annual base salary expressed on a net- of-tax basis Leaves and vacations: 24 days of paid time off + 8 personal days + sick leave + gender- neutral parental leave Health Insurance: IDB Group provides employees and eligible dependents with a robust medical benefits program which covers medical, dental, vision, preventive care, and prescription drugs. Pension plan: defined benefit pension plan that provides financial security and support employees in planning for their future. We offer assistance with relocation and visa applications for you and your family, when it applies. Hybrid and flexible work schedules. Health and well-being: Access to our Health Services Center which provides preventive care and health education for employees. Development support: We offer tools to boost your professional profile such as mentoring, 1:1 professional counseling, training, and learning opportunities, language classes, mobility options, among others. Other perks: Lactation Room, Daycare Center, Gym, Bike Racks, Parking, Spouse Career Program, and others.Our culture
At the IDB Group we work so everyone brings their best and authentic selves to work, willing to try new approaches without fear, and where they are accountable and rewarded for their actions.
Diversity, Equity, Inclusion and Belonging (DEIB) are at the center of our organization. We celebrate all dimensions of diversity and encourage women, LGBTQ+ people, persons with disabilities, Afro-descendants, and Indigenous people to apply.
We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job interview process. If you are a qualified candidate with a disability, please e-mail us at diversity@iadb.org to request reasonable accommodation to complete this application.
Our Human Resources Team reviews carefully every application.
About the IDB Group
The Inter-American Development Bank is devoted to improving lives. Established in 1959, the IDB is a leading source of long-term financing for economic, social and institutional development in Latin America and the Caribbean. The IDB also conducts ground breaking research and provides policy advice, technical assistance and training to public and private sector clients throughout the region.
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External Opening Date: Aug 12, 2024 External Closing Date: Sep 2, 2024 External Contact Email: hrsc@iadb.org External Contact Name: HR Service Center Job Field: Sector