Portfolio Management Lead Officer Financial Institutions Mexico, Central America, and Caribbean
Country Office Latin America and Caribbean
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 highly qualified professional to supervise a portfolio of loans, bonds and guarantees to private sector and non-sovereign guaranteed financial institutions (banks, microfinance and specialized financial institutions), as well as support the Director Portfolio Financial Sector in the Portfolio Management Division with the coordination and monitoring of portfolio actions implemented by other Portfolio Management Officers in the Mexico, Central America and Caribbean region.
You will work in the Portfolio Management Division, Financial Institutions Segment, part of the Investment Operations (INO) Department, which team is responsible for managing and supervising the portfolio clients in this segment.
INO originates, structures, closes and manages/supervises transactions and projects, following a matrix model with three Segment Divisions covering Financial Institutions (Banks, Funds, and other Financial Intermediaries), Infrastructure and Energy (Transport, Energy, Water and Sanitation and Social Infrastructure), and Corporates (Agribusiness, Tourism, Manufacturing and Telecommunications, Media and Technology), as well as transversal areas such as Financial Products and Services and Portfolio Management (PTM). INO also incorporates two additional teams (Marketing, Commercial Communications and Commercial Strategy, and Planning and Resources) and is responsible for the advisory commitments with clients, in coordination with IDB Investโs Department of Strategy and Development (DSP).
What You Will Do:
Manage ongoing relationship with clients, agents, B-lenders, co-lenders and other parties involved in assigned portfolio transactions to ensure proper supervision. Monitor periodic information, including trends in the global financial markets, country-specific economic situation and events, and industry / market / regulatory developments, to evaluate their impact on IDB Investโs counterparts and portfolio. Conduct regular and ad-hoc analysis of financial statements and performance and prepare high-quality periodic supervision reports and risk rating proposals. Assess credit, integrity, environmental & social risk, and track and contribute to the development effectiveness standing of transactions under supervision. Ensure compliance with IDB Investโs internal policies and guidelines by liaising closely with internal teams. Take proactive measures to protect IDB Investโs interests and manage compliance with contracts and covenants. Timely respond to clientโs requests for portfolio actions, including evaluating, negotiating, and processing required disbursements, waivers, amendments, and consents. Stay informed on clients and transactions in Mexico, Central America and the Caribbean supervised by other Portfolio Management Officers and support the Director Portfolio Financial Sector with the coordination and monitoring of the teamsโ portfolio actions in this region. Provide guidance to other Portfolio Management Officers in the Mexico, Central America, and the Caribbean region to ensure accuracy and quality of internal supervision reports and the technical and business soundness of proposed solutions to clientsโ requests or transaction issues. Prepare and disseminate market intelligence and lessons learned from supervised projects to internal audiences. Collaborate with project teams by providing recommendations to the structure and legal documentation of new transactions. Propose and lead actions to improve and streamline internal processes. Participate and contribute to corporate initiatives.What You Will Need:
ยท Education: Advanced degree (Masterโs, MBA, or equivalent) in Finance, Business Administration, Economics, or relevant fields. CFA designation is a plus.
ยท Experience: At least 10+ years of relevant professional experience in supervision, structuring, credit assessment and/or rating of financial institutions and/or structured finance transactions in development financial institutions, commercial or investment banks, financial advisory firms and/or rating agencies with focus in Latin America and the Caribbean region.
ยท Languages: Proficiency in spoken and written English and Spanish is required. Additional knowledge of Portuguese and/or French is preferrable.
Key Skills Required:
ยท Strong ability to assess, understand and provide sound judgment on complex business, financial and legal structures, and issues.
ยท Solid financial analysis and modeling capabilities.
ยท Outstanding oral/written communication and negotiation skills.
ยท Ability to carry out multiple and detailed tasks and deliver results under tight deadlines.
ยท Collaborate, create partnerships, assist others, and share knowledge and information.
ยท Promote Diversity, Equity, Inclusion and Belonging.
ยท Participate in activities that support mentoring and development.
ยท Lead change and transformation across the institution.
Requirements:
ยท Citizenship: You are either a citizen of or have residency or legal permit to work in Bahamas, Barbados, Belize, Costa Rica, Dominican Republic, El Salvador, Guatemala, Guyana, Haiti, Honduras, Jamaica, Mexico, Nicaragua, Panama, Suriname, or Trinidad and Tobago.
ยท 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:
ยท Location: Bahamas, Barbados, Belize, Costa Rica, Dominican Republic, El Salvador, Guatemala, Guyana, Haiti, Honduras, Jamaica, Mexico, Nicaragua, Panama, Suriname, or Trinidad and Tobago
ยท National staff contract, 36-months initially, renewable upon mutual agreement. In the event of internal candidates, the selected candidate will maintain current type of contract. The starting date will be based upon agreement with the candidate.
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.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 Invest: IDB Invest, a member of the IDB Group, is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results and improve economic, social, and environmental development in the region. With a portfolio of $16.3 billion in asset management and 394 clients in 25 countries, IDB Invest provides innovative financial solutions and advisory services that meet the needs of its clients in a broad range of industries.
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Additional Information External Opening Date: Jul 31, 2023 External Closing Date: Aug 11, 2023 Job Field: Portfolio Management