Treasury and Risk Senior Specialist – Focused on Sovereign Debt Management
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
We are looking for a dynamic and innovative Treasury and Risk Senior Specialist with strong finance background and solid cat risks products knowledge and experience to cover IDB sovereign guarantee borrowers, with primarily focus on the development and marketing of cat risk/climate change products for those sovereign clients.
You will have a senior role within the Treasury Client Solution Group (TRY/TCS), part of the Finance Department.
What you’ll do:
Help the marketing effort of our outstanding menu of products to mitigate the effects of natural disasters to our sovereign borrowers. Develop new cat risk/climate change products and come up with solutions to accommodate the needs of our sovereign clients, not being covered by our current offer. In the development of new products, work in close partnership with the technical teams that the Bank already has. Provide client coverage for Latin American borrowers across all our FFF debt management products (interest rate fixings, local currency conversions, commodity hedges, etc). Keep ongoing dialogue with reinsurance companies and develop new dialogues with potential investors of cat bonds, as another avenue to transfer cat risk. Help/Lead the internal discussions and full approval process of these new products with the different teams withing the Bank (Legal, Risk, Accounting, Valuation, Back Office). Provides mentorship and technical work guidance to more junior staff within the team on these new cat risk/climate change products.What you’ll do:
Help the marketing effort of our outstanding menu of products to mitigate the effects of natural disasters to our sovereign borrowers. Develop new cat risk/climate change products and come up with solutions to accommodate the needs of our sovereign clients, not being covered by our current offer. In the development of new products, work in close partnership with the technical teams that the Bank already has. Provide client coverage for Latin American borrowers across all our FFF debt management products (interest rate fixings, local currency conversions, commodity hedges, etc). Keep ongoing dialogue with reinsurance companies and develop new dialogues with potential investors of cat bonds, as another avenue to transfer cat risk. Help/Lead the internal discussions and full approval process of these new products with the different teams withing the Bank (Legal, Risk, Accounting, Valuation, Back Office). Provides mentorship and technical work guidance to more junior staff within the team on these new cat risk/climate change products.What you'll need
Education: MBA or equivalent degree in Finance, or other fields relevant to the responsibilities of the role. Experience: A minimum of five years of relevant professional experience in similar positions. The ideal candidate will have proven knowledge of cat risk/climate change products and expertise working for Latin America. Languages: Proficiency in Spanish and English, spoken and written, is required. Additional knowledge of French and Portuguese is preferable.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 the fourth degree of consanguinity and second degree of affinity, including spouse) working at the IDB, IDB Invest, or IDB Lab. COVID-19 considerations: the health and safety of our employees are our number one priority. As a condition of employment, IDB/IDB Invest requires all new hires to be fully vaccinated against COVID-19.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 which 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. We offer assistance with relocation and visa applications for you and your family, when it applies Hybrid and flexible work schedules