Head of Cash Management and Settlements Group (CMS)
Principal/Lead Specialist
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 results-oriented, trusted, and forward thinker Head of the Cash Management and Settlements Group (Head CMS). As Head CMS, you will lead the team in charge of the Treasury back-office.
You will work in the Treasury Division, part of the Finance Department (FIN/TRY). The Treasury Division is responsible for mobilizing and managing Bank resources to fulfill its financial intermediation activities. The main functions include funding, investments, asset liability management, client solutions, middle office and banking and liquidity management (cash and collateral) and settlements.
What youโll do:
Manage and supervise cash management team to coordinate, plan, and monitor the day-to-day management of the operational cash and transactions for the purpose of ensuring that the Bank meets its short-term obligations. Ensure that FX trades executed on a timely basis. Manage and monitor the payment flow of Bank transactions, reconciliation and investigations of all outstanding cash items. Supervise the Treasury operations team to ensure that Confirmations and Settlements tasks related to Securities and Non-Security transactions (i.e. FX, money markets, swaps, swaptions and futures) for the Investment, Treasury Client Solutions, Asset and Liability Management and Funding activities, monitoring and ensuring that cash needs and requirements for desks activities are executed, as well as the servicing related to our Bond Issuances and Swaps. Manage the Documentation team execution of Bond and Swap Documentation to ensure that the validation of Term sheets, pricing supplements and prospectus for New Bond issues, asset and Liability swaps are performed in a timely and accurate manner. Be the contact point of the Group and coordinate with team for audit topics to make sure requests are handled timely and properly. Manage and complete work on special projects to ensure delivery of planned corporate products and services.What you'll need
Education: Preferably Masterโs degree or equivalent advanced degree in Finance or related field, or Bachelorโs degree in Business, Economics, Math or other quantitative disciplines combined with a professional certification relevant to the role (e.g. CFA or CTP). Experience: At least 6 years of progressive experience in similar positions with cash management, reconciliations, settlements, and/or treasury operations. Experience in supervisory roles and in international financial institutions is required. Knowledge of the financial markets of the Latin America and Caribbean region is desirable. Languages: Proficiency in English is required. Additional knowledge of Spanish or Portuguese is desirable.Key skills
Technical track (with supervisory responsibilities):
Mentor and develop Promote Diversity, Equity, Inclusion and Belonging 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.What we offer
The IDB group provides benefits that respond to the different needs and moments of an employeeโs life. These benefits include:
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 IDB Group, composed of the Inter-American Development Bank (IDB), IDB Invest, and the IDB Lab offers flexible financing solutions to its member countries to finance economic and social development through lending and grants to public and private entities in Latin America and the Caribbean.
About IDB
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 cutting-edge research and provides policy advice, technical assistance and training to public and private sector clients throughout the region.
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Additional Information
External Opening Date: May 8, 2023 External Closing Date: Jun 2, 2023 External Contact Email: hrsc@iadb.org External Contact Name: HR Service Center Job Field: Business Leader