Location
This position can be based in: Bahamas, Barbados, Belize, Dominican Republic, Guyana, Jamaica, Surinam or Trinidad & Tobago.
We improve lives
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.
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 professional with strong experience in Infrastructure (Project Finance) and Corporate Finance, including in sectors such as energy, water and sanitation, social infrastructure, transportation and critical experience in Sovereign Owned Entities (SOEs).
You will work in the Credit Risk Division, part of the Risk Management Department of IDB Invest.
The Credit Risk Management Division is responsible for developing and leading all aspects of credit risk policies, parameters and procedures, reviewing credit and investment proposals, assessing risk and supporting the internal credit approval process and portfolio supervision. The Credit Risk Management Division works closely with Investment Officers and clients to find opportunities to add new value dedicatedly, beyond compliance and risk mitigation, and bring developmental impact and sustainability.
What youโll do
- Support the origination, execution, and monitoring of corporate and project finance transactions with significant development impact and provide independent technical risk assessments.
- Identify sensitive areas and issues (to be addressed by various business areas) and offer potential solutions and alternatives.
- Perform an independent credit risk assessment of complex infrastructure and corporate transactions, reviewing and providing advice on financing structures, financial documents, consultant reports, financial models, and legal documentation to fully assess resulting credit risk.
- Be part of multidisciplinary teams in the analysis of prospective transactions and make recommendations to mitigate the identified key credit risks.
- Review and ratify the internal credit risk ratings, considering borrower risks, transaction structure risks, macro/regulatory environment, non-financial risks, envisioned probability of default, loss-given default, and expected recoveries.
- Review the portfolio of non-sovereign guaranteed operations and undertake periodic annual reviews, identifying early problems and maintaining updated the credit risk rating.
- Prepare written credit risk assessments including a credit recommendation on the counterparty's risk profile/rating.
- Formulate well-reasoned recommendations and persuasively communicate recommendations at required committees and to senior management.
- Review and advise the processing of waivers and amendments presented by required Divisions.
- Work closely with the Special Assets Division on troubled debt restructurings to identify a suitable strategy and steer jointly with partners within IDB Invest recovery efforts and propose loan provisions.
- Use analytical tools, risk management models and methodologies to measure IDB Invest credit risk exposure for assigned projects and ensure all transactions operate inside of clearly established limits.
- Work closely with the origination teams disseminating good practices and generated knowledge and collaborating in the design and administration of training programs on credit issues.
What you'll need
- Education: Masterโs degree (or equivalent advanced degree) in Business Administration, Finance, Engineering, or other fields relevant to the responsibilities of the role.
- Experience: You have a minimum of five (3) years of relevant professional experience in similar positions. You possess proven analytical skills and seeking innovative solutions.
- Languages: Proficiency in English, spoken and written, is required. Additional knowledge of Spanish is considered a Plus.
Requirements
- Citizenship: You you must be eligible to work in Bahamas, Barbados, Belize, Dominican Republic, Guyana, Jamaica, Surinam or Trinidad & Tobago without the need for sponsorship by the IDB Invest.
- 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 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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