Location
Post of duty: Kingston, Jamaica.
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.
About this position
We are looking for a dynamic candidate to lead operations as part of its investment team in Jamaica.
You will work in Venture Capital and Investment Division (LAB/VCI), part of the IDB Lab. This team is responsible for originating and managing the portfolio of reimbursable operations: equity investments in early-stage companies, equity investment in venture capital funds, and lending to early-stage companies. LAB/VCI has a systemic role of filling key capital gaps, bridging key connections in different fields (e.g., public and private) and mobilizing key ecosystem resources to support equity platform programs and specific ventures with outstanding socioeconomic or environmental impact prospects, adding relevant value to the target companies. For example, IDB Lab can add value to companies supporting their business consolidation and expansion and fostering its impact towards solving some of the most pressing development and inclusion challenges of different sectors in LAC (FinTech, EdTech, HealthTech, AgTech/BioTech, etc.).
What youโll do
- Identify, originate and design innovative financial operations (equity in venture capital funds, quasi-equity and equity in early-stage companies and lending to early-stage companies), including the execution of due diligence, financial modeling and analysis, and financial, credit, and market risk analysis.
- Oversee and provide technical advice to IDB Labโs portfolio, consisting of equity investments (in venture capital funds and direct investments), and loans, so that they achieve the development objectives (impact, innovation), while also generating expected financial returns.
- Serve as a focal point to all of VCI activities in the Caribbean to ensure IDB Lab gains more relevance in the entrepreneurial ecosystem in the region.
- In coordination with IDB Representatives in the Caribbean, collaborate and lead local innovation-related initiatives in the country with other IDB and IDB Invest colleagues.
What you'll need
Education: Masterโs degree (or equivalent advanced degree) in areas related to economics, finance, business, or other fields relevant to the responsibilities of the role, preferably with an emphasis on innovation finance, venture capital.
Experience: At least four years of professional experience in finance, business analysis, entrepreneurship, lending, or investment-related fields. Proven ability to assess opportunities, analyze risks, and contribute to end-to-end deal processes such as due diligence, structuring, negotiation, or closing.
Languages: Proficiency in English. Knowledge of one of the other Bank official languages (Spanish, French, or Portuguese) would be considered a plus.
Please note that for this position, the final candidates will be required to successfully pass a background check to the satisfaction of the IDB Group, as a pre-employment condition, which will be conducted by third-parties.
Requirements
โข Citizenship: You are a citizen of one of our 48-member countries. Must be eligible to work in job location(s) without the need for sponsorship.
โข 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
โข Staff: 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 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.
-On-site position with the occasional flexibility of teleworking.
-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.