Treasury and Risk Senior Associate (Pensions Investments)
Washington D.C., United States โ Headquarters
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 an experienced, dedicated and team-oriented investment professional to work as a Treasury and Risk Senior Associate โ Pensions Investments within the Executive Secretariat of the Staff Retirement Plans. As a member of the team, you will be involved in investment, risk management, compliance review, reporting, quantitative and financial analysis, monitoring external investment managers (EIM), completing reporting and tasks associated with pension investment systems in an efficient and effective manner.
The Investment Team is responsible for coordinating 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. In addition to handling the Plansโ diverse asset class investments, which are run 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, multi-group interaction and reporting results.
What youโll do:
Lead the in-depth monitoring of the assigned asset(s) class(es) and due diligence of EIMs. Provide input into asset-liability studies and develop expected risk and return metrics for assigned asset classes. Conduct economic and investment research and provide recommendations on portfolio decisions, including rebalancing activities, for covered asset classes. Play a key role in the development and improvement of investment and risk management processes. Be responsible for the teamโs investment guidelines compliance review process, including reviewing internal control reports and anti-money laundering requirements. Prepare periodic reports and decision-making documents for the Plansโ governing committees and senior management. Build and maintain dashboards of covered asset classes and manager monitoring tools for internal use and to support with reports for stakeholders. Coordinate legal agreements and regulatory inquiries related to EIMs and asset classes. Provide input to the Bank in the implementation of its climate-related disclosures under global sustainability reporting standards (e.g. Task Force on Climate-related Financial Disclosures (TCFD), International Sustainability Standards Boards (ISSB), Securities and Exchange Commission (SEC) frameworks) to EIMs. Conduct operational related tasks, such as trade orders, preparation of financial statements, fee payments, monthly reconciliation, etc. Run and maintain the daily performance report. Work under the limited supervision of others. Provide procedural/task guidance to more junior colleagues.What youโll need:
Education: Masterโs degree (or equivalent advanced degree) in Finance, Business, Mathematics, Statistics or related field. Additional CFA or CAIA charter or other investment training strongly preferred. Risk and Project management training is a plus. Experience: At least 3 years of professional experience in accounting, finance and/or investments. Experience in operations, risk management, project management, pension reporting, and/or transactions strongly desired. Systems: Proficiency in Excel required. Bloomberg and any data management, analysis and visualization tools experience and knowledge strongly desired. Languages: Proficiency in English required. Knowledge of another Bank official language (Spanish, French and/or Portuguese) is highly desired.Key Skills:
Learn continuously Collaborate and share knowledge Focus on clients Communicate and influence Innovate and try new thingsRequirements:
Citizenship: You are a citizen of one of our 48-member countries. We may offer assistance with relocation and visa applications for you and your eligible dependents. Consanguinity: You have no family members (up to fourth degree of consanguinity and second degree of affinity, including spouse) working at the IDB Group.Type of contract and duration:
International staff contract, 36 months initial term, renewable upon mutual agreement.
What we offer:
The IDB group provides benefits that respond to the different needs and moments of an employeeโs life. These benefits include:
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:
The Inter-American Development Bank is devoted to improving lives. Established in 1959, the IDB is a leading source of long-term financing for economic, social and institutional development in Latin America and the Caribbean. The IDB also conducts cutting-edge research and provides policy advice, technical assistance and training to public and private sector clients throughout the region.
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External Opening Date: Jan 2, 2024 External Closing Date: Jan 16, 2024 External Contact Email: hrsc@iadb.org External Contact Name: HR Service Center Job Field: Treasury and Risk