We improve lives
IDB Invest is the private sector arm of the IDB Group and an international financial institution committed to addressing the development needs of Latin America and the Caribbean. Our mission is to support sustainable enterprises and projects that deliver financial results while maximizing social and environmental impact in the region.
IDB Invest operates in 26 countries, structured across four geographic regions and three industry verticals: Infrastructure and Energy, Financial Intermediaries, and Corporates.
In support of a new transformative business model โOriginate to Shareโ our shareholders recently approved a $3.5 billion capitalization. This will allow IDB Invest to significantly scale up its investments, nearly doubling annual financing from approximately $8 billion to $19 billion, and unlocking greater private sector participation to drive development and climate impact across the region.
About this position
We are looking for a Credit Risk Management Consultant with strong experience in financial institutions. Experience in structured finance, and/or investment funds is an asset.
What youโll do
- Support the origination, execution, and monitoring of financial institutions, structured finance, and investment fund transactions and provide technical risk assessments of IDB Investโs transactions, identifying issues to be addressed by various business areas and offer potential solutions and alternatives.
- Perform credit risk and/or investment assessment of sophisticated transactions, including reviewing and provide 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: Masterโs degree (or equivalent advanced degree) in Business Administration, Finance, Engineering, or relevant field.
- Experience: Minimum of 10 years of relevant professional experience in similar position. You will also possess confirmed analytical skills and experience in seeking innovative solutions.
- Languages: Your mother tongue is Spanish and you are proficient in English. Additional knowledge of Portuguese or French is a plus.
Requirements
- Citizenship: You are either a citizen of Panama or with residency or legal permit to work in Panama.
- 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
National consultant: National consultant Full-Time, 36 months.
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
-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 that 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.
-Hybrid and flexible work schedules.
-Health and well-being: Access to our Health Services Center that 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.
Our culture
At the IDB, we work so everyone brings their best and authentic selves to work while finding their purpose. Our people consistently strive for excellence, and we recognize and celebrate the impact of their contributions.
In our efforts to drive innovation, we intentionally include all voices, cultivate a sense of belonging and champion fairness. We welcome individuals from underrepresented groups to join us and share their unique perspectives.
We ensure that individuals with disabilities are provided reasonable accommodations to participate in the job interview process. If you require an accommodation to complete this application, please email us at accommodations@iadb.org.
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