IDB Invest - Credit Risk Management Officer/Lead Officer
Locations: Argentina, Brazil, Chile, Uruguay, Paraguay
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/Lead Officer with strong experience in the following areas/industries in order of priority: financial institutions, structured finance and investment funds.
You will work in the Credit Risk Management (MCR) Division of the Risk Management Department (RSM). The Division is responsible for developing and leading all aspects of credit risk policies, parameters and procedures; reviewing credit and investment proposals submitted to the Department, assessing risk and supporting the internal credit approval process; participating in the project portfolio supervision process to validate risk rating assessments; and strengthening our capacity to identify and balance the credit risk present in its lending operations and treasury activities (including investments and financial derivatives portfolios).
The MCR Division works closely with Investment Officers and other internal clients to find opportunities to create value-added contributions beyond compliance and risk mitigation to help insure developmental impact and sustainability.
What you will do
- You will support the origination, execution, and monitoring of transactions in the different areas (financial institutions, investment fund and structured finance) and provide independent technical risk assessments of IDB Investโs 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.
- Review the portfolio of non-sovereign guaranteed operations and undertake periodic annual reviews.
- 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.
- Provide mentorship and advice to origination teams by applying best practices and lessons learned from experience with similar transactions.
- 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 will need
Education: Masterโs in Business Administration, Finance, Engineering, or relevant field.
Experience: Minimum of five years of relevant professional experience in a similar position. You will also possess confirmed analytical skills and experience in seeking innovative solutions.
Languages: You are proficient (oral and written) in English. Desirable language skills: Proficiency in Spanish is necessary, Portuguese would be beneficial for this role.
Key skills
- Learn continuously
- Collaborate and share knowledge
- Focus on clients
- Communicate and influence
- Innovate and try new things
Requirements
Consanguinity: You have no family members (up to fourth degree of consanguinity and second degree of affinity, including spouse) working at the IDB Group
Nationality: You are a citizen or have a valid residence or legal permit to work in the countries listed above.
Type of contract and duration
- National 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:
- 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 supports employees in planning for their future.
- Hybrid and flexible work schedules
- Health and wellbeing: 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.
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.
- National staff contract, 36 months initially, renewable upon mutual agreement.