Post of duty: Washington, DC
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
The Investment team is responsible for overseeing five Plans with assets totaling more than $7.2 billion: three defined benefit pension Plans (Staff, Local and Complementary Staff), one Postretirement Benefits Plan and a Retiree Life Insurance Program. The five Plansโ assets are diversified and are subject to governing committee-approved Investment Policy Statements (IPS). In addition to managing the Plansโ diverse asset class investments, which are managed in more than 80 individual fund / strategy vehicles by more than 20 investment management firms, the team provides input to the Finance, Human Resources and Risk Management Departments, to senior Management, to the Board of Executive Directors and to Governing Committees, all of which require subject matter expertise (SME), multi-group interaction and reporting deliverables.
What youโll do:
- Support the in-depth monitoring of the assigned asset(s) class(es) and due diligence of external investment manager(s) (EIMs). Conduct economic and investment research to support the investment teamโs goals and run daily performance reports.
- Develop and recommend enhancements to investment and risk management processes, and in the assessment of financial and operational risk management of the Plansโ investments.
- Lead the investment guidelines compliance review and recommend improvements to the process with respect to use of data, rules, reports for internal use. Support the review and management of legal agreements and regulatory inquiries.
- Build databases and dashboards to enhance portfolio, asset class and EIM monitoring and reporting. Prepare reports and decision-making documents for the Plansโ governing committees and senior management.
- Support the SRIโs operations team tasks as necessary including trade orders, payments, monthly and annual financial statements, and monthly reconciliation process.
What you'll need
- Education: Bachelorโs degree (or equivalent advanced degree) in Finance, Business, Mathematics or Statistics, or other fields relevant to the responsibilities of the role. Progress towards professional designation CFA, FRM, CAIA or similar accounting or finance designation desired.
- Experience: At least two years of relevant professional experience in finance and/or investments. Experience in operations, risk management and/or transactions strongly desired.
- Languages: Proficiency in English and one of the other Bank official languages (Spanish, French or Portuguese) is required.
- Systems: Knowledge and proficient use of data management, analysis and visualization tools.
Key skills:
- Learn continuously.
- Collaborate and share knowledge.
- Focus on clients.
- Communicate and influence.
- Innovate and try new things.
Requirements:
- Citizenship: You are a citizen of one of our 48-member countries.
- 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.
REQUIRED Written Submission: Also required in the submission are responses to TWO (2) questions โ no candidate will be considered who has not submitted both responses. Responses should be no longer than 500 words (2 pages), although charts and tables may be included in annexes. All sources and citations must be correctly referenced and attributed.
1) Describe how you would design a Planโs investment policy, related to the clientโs particular objectives and the assets available.
2) Describe how you would assess the opportunities and risks of publicly traded versus private equity, fixed income and real assets. How would you mitigate these risks, including legal documentation, operations and other tools?
Type of contract and duration:
- Type of contract: International Consultant Full-Time.
- Length of contract: 12 months.
- Work Location: Headquarters - On site.
What we offer
The IDB group provides benefits that respond to the different needs and moments of an employeeโs life. These benefits include:
- Competitive compensation packages.
- Leaves 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: โโโโโโโThe IDB Group cares about your future, depending on the length of the contract, you will receive a monthly savings plan allowance.
- We offer assistance with relocation and visa applications for you and your family when it applies.
- Hybrid and flexible work schedules.
- Development support: We offer learning opportunities to boost your professional profile such as seminars, 1:1 professional counseling, and much more.
- Health and wellbeing: Access to our Health Services Center which provides preventive care and health education for all employees.
- Other perks: Lactation Room, Daycare Center, Gym, Bike Racks, Parking, and others.
Consultant Part-Time
- Competitive compensation packages.
- A flexible way of working. You will be evaluated by deliverable.
Our cultureAt 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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