IDB Invest has 5 Departments: Investment Operations, Strategy and Development, Risk Management, Legal, and Finance and Administration (FNA). FNA is made up of 4 divisions, including Controllership; Treasury; Analytics, Knowledge and Information and Operations.
Our Team: The Treasury Division is responsible for the management of the balance sheet of IDB Invest and, in parallel, the structuring of funding alternatives, in USD and local currencies, to our clients in Latin America and the Caribbean region. Those mandates are executed through 5 main functions: a) Funding: responsible for the execution of the USD long and short-term funding program; b) Investments: in charge of managing cash and the liquidity portfolio; c) Quantitative Middle Office: responsible for the construction of Models and Portfolio Analytics; d) Assets & Liabilities Management: promoting efficient balance sheet management and acting as a first-line of defense to risks faced due to mismatches (interest rates, FX, liquidity); e) Local Funding Solutions: providing support to the Investment Officers by offering funding alternatives in USD and in Local Currencies to the pipeline of transactions with our clients in the region.
What you will do:
Provide leadership and direction to the Treasury Division and support the CFO, taking a business/functional strategy and translating it into a clear set of objectives, operational guidelines and programs for the division;
Proactively supervise investment portfolio management and execution of the IDB Invest’s borrowing program. Secure ongoing monitoring of the credit risk profile, return and liquidity of the investment portfolio;
Ensure that key projects are effectively and seamlessly coordinated and executed in conjunction with the Investment Operations Department, the Risk Management Department and IDB’s Finance Department; leading across teams and organizations;
Oversee IDB Invest’s cash position, current and projected, to ensure adequacy and compliance with IDB Invest policy at all times;
Closely monitors international financial markets and news, staying alert to opportunities and risks related to IDB Invest’s funding requirements, investment portfolio, and counter party exposure.
Propose new investment products and strategies and oversee engagement and activity of outside asset managers;
Periodically report to Senior Management on IDB Invest’s borrowing and investment programs, as well as other Treasury related matters;
Exert thought leadership and influence within the Finance and Administration Department as well as part of the extended leadership of IDB Invest;
Oversee the implementation of pricing models to value treasury securities;
Lead, manage, mentor, and assess Division staff and provide goals and expectations, as well as feedback and technical guidance to optimize performance;
Oversee the execution of the funding program, aiming at improving our funding cost and maturity profile as well as diversifying our funding sources and expanding our investor base;
Oversee the management of the institution’s assets and liabilities and the execution of required hedging transactions;
Closely monitor our platform of solutions to fund our clients in the region and further enhance our capabilities to offer alternatives in local currencies
What you will need:
Consanguinity: You have no family members (up to fourth degree of consanguinity and second degree of affinity, including spouse) working at the IDB, IDB Invest, or IDB Lab.
Education: An advanced degree (at least Master’s, MBA, or equivalent) in Finance or related field, or Bachelor’s degree in Business, Economics, Math or other quantitative disciplines combined with a professional certification relevant to the role (e.g. CFA or CTP).
Experience: A minimum of 10 years of relevant experience in funding, investments and/or treasury operations, with a strong background in and understanding of international debt capital markets, derivatives and hedging, valuation and pricing models, market and counterparty risk management, and changing financial regulations; exceptional written, verbal and interpersonal communication skills with experience interacting and presenting to executive management and outside stakeholders. Experience in management positions in both private and public sectors, including international financial institutions would be valued. Knowledge of the financial markets of the Latin America and Caribbean region is desirable.
Languages: Oral and written professional proficiency in English; knowledge of Spanish, Portuguese and/or French is a plus.
Type of contract: Fixed term
Length of contract: 3 years, with possibility of extension based on business need and performance.
Estimated starting date: To be mutually agreed upon with candidate
Our culture: Working with us you will be surrounded by a diverse group of people who have years of experience in all types of private investment development fields, including infrastructure and energy, corporates, financial institutions, financial and non-financial products and services, gender and diversity, communications and much more.
Because we are committed to providing equal opportunities in employment, we embrace all diversity and encourage women, LGBTQ+, persons with disabilities, afro-descendants, and Indigenous people to apply.
About us: IDB Invest, a member of the Inter-American Development Bank (IDB) Group, is a multilateral organization, committed to the development of the private sector of Latin America and the Caribbean by financing loans, equity investments, and guarantees. In addition, IDB Invest partners with clients to provide advisory and training services.
The IDB Invest offers a competitive remuneration and benefits package.
Our Human Resources Department carefully reviews all applications.
Due to the current COVID-19 pandemic and its implications for our Region, the IDB Group is reviewing its hiring needs and re-prioritizing its areas of talent acquisition. We encourage candidates to continue to apply to the active postings, yet current job openings may be subject to further decisions in terms of timing of the processes, or other actions, in accordance with business needs. Final hiring decisions may also be conditioned to the candidate’s ability to timely relocate to the post of duty at the moment of starting service. In the event, the selected candidate cannot relocate to the post of duty, the start date may have to be postponed or temporary work agreement ratified, ad-hoc, in accordance with business needs and applicable policies, with the view of having the candidate physically present in the post of duty by July 1 at the latest, should travel regulations permit it.