Post of Duty: Multiple Locations
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 for a dedicated, energetic, and team-oriented treasury professional to fill a position in the Institutional Banking Team within the Treasury Middle Office and Banking Group. This position provides support on recommendations to the Group Head and Team Leader for the establishment/implementation, negotiation, maintenance, and oversight of a network of financial relations necessary for the efficient management of IADB financial transactions in a multi-currency environment.
You will work in Banking Team responsible for (i) Establishing, managing and controlling a network of public and private financial institutions for the delivery of financial services for the swift execution of IDB financial transaction while minimizing risk; (ii) Ensuring that the IDB country Offices receive high quality banking services from the partner financial institutions, (iii) Oversee and execute counterparty Standard Settlement Instructions for Treasury transactions; (iv) Provide support and coordinate with legal counsel and relevant areas regarding regulatory requirements requested by Treasury counterparties; (v) Monitor and flag AML/CTF lists in relation to selected vendor databases; (vi) Manage for the FIN department the authorized signatories document and (vii) Support the Departmentโs change-the-business initiatives. Within this context the Group provides tailored solutions to internal clients while bringing innovation to enhance operational efficiency.
What youโll do:
Support on the technical aspects: (opening and closing banking accounts across the systems inventory including the monitoring of bank account operations and services ensuring the accuracy of data and compliance of security controls in accordance with Bankโs Policies and Procedures), (Standard Settlement Instructions, inventory on the Systems following the in accordance with Bankโs Policies and Procedures). Support the maintenance of the exchange of Swift authenticator keys with the Bank correspondents worldwide for sending/receiving financial messages such as money transfers; analysis of requests for authenticator keys to determine acceptance and terms for exchange of keys. Support on the maintenance for the veracity, authenticity and integrity of finance and accounting systems keeping abreast of technological developments and the best practices in the banking industry. Support and analyze survey results from internal clients for annually bank service evaluation and quality review exercise. Support on the testing and/or parallel phases of implementation projects for new enhanced financial systems and sub-systems. Provide support and expertise in digital transformation, data management, and automated process flow. The individual will play a key role in driving successful digital transformations within treasury by implementing and optimizing digital solutions. They will be responsible for ensuring the data maintenance and structure is well-designed and aligned with organizational objectives.What you'll need
Education: Masterโs degree (or equivalent advanced degree) in business administration, finance, or related disciplines. Experience: At least 5 years work experience in related areas supporting; a) bank relationships, b) bank documentation, c) knowledge of digital banking technology (ISO 20022, XML, Blockchain, Cyber-security), d) standard settlement instructions, e) collateral management services, f) performance measurement and evaluation of bank relationships. In depth knowledge of international and domestic payment regulations and systems is strongly desired. Languages: Proficiency in English and one of the other Bank official languages (Spanish, French or Portuguese) is required.Key skills:
Learn continuously. Collaborate and share knowledge. Focus on clients. Communicate and influence. Innovate and try new things.Requirements:
Citizenship1: You are a citizen of one of our 48-member countries eligible to obtain a valid residency or legal permit to work in one of the 48-member countries without the need for sponsorship by the IDB. 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. Remote Modality: The selected candidate will not provide services from the Bankโs office and will not be provided a physical space on the premises of the Bankโs Country Office. The candidate selected will be responsible for setting up the space, and for having the equipment, internet, and phone accesses to accomplish these TORs, outside the Bankโs office. Access to the Bankโs systems will be arranged in coordination with the Bank.Type of contract and duration:
Type of contract: National Consultant (National Remote Modality). Length of contract: 24 months. Work Location: Remote.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. Leave and vacations: 2 days per month of contract + gender-neutral parental leave. Health Insurance the IDB Group provides a monthly allowance for the purchase of health insurance. Savings plan: The IDB Group cares about your future, depending on the length of the contract, you will receive a monthly savings plan allowance. Hybrid and flexible work schedules. Health and wellbeing: Access to our Health Services Center which provides preventive care and health education for all employees. Development support: We offer learning opportunities to boost your professional profile such as seminars, 1:1 professional counseling, and much more.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.
We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job interview process. If you are a qualified candidate with a disability, please e-mail us at diversity@iadb.org to request reasonable accommodation to complete this application.
Our Human Resources Team reviews carefully every application.
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
We work to improve lives in Latin America and the Caribbean. Through financial and technical support for countries working to reduce poverty and inequality, we help improve health and education and advance infrastructure. Our aim is to achieve development in a sustainable, climate-friendly way. With a history dating back to 1959, today we are the leading source of development financing for Latin America and the Caribbean. We provide loans, grants, and technical assistance; and we conduct extensive research. We maintain a strong commitment to achieving measurable results and the highest standards of integrity, transparency, and accountability.
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1 For National Remote Consultant: Argentina, Barbados, Bahamas, Belize, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Guyana, Haiti, Honduras, Jamaica, Mexico, Nicaragua, Peru, Panama, Paraguay, Suriname, Trinidad & Tobago, Uruguay. Additional Information
External Opening Date: Oct 9, 2024 External Closing Date: Oct 30, 2024 External Contact Email: hrsc@iadb.org External Contact Name: HR Service Center Job Field: Technical Support