IDB Invest – Credit Risk Management Officer/Sr. Officer/Lead Officer
JOB DETAIL
IDB Invest – Credit Risk Management Officer/Sr. Officer/Lead Officer
Location: Colombia, Peru or Ecuador.
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 Credit Risk Management Officer with strong experience in some of the following areas/industries in order of priority: financial institutions, structured finance and investment funds. What about joining our team?
The Credit Risk Management (MCR) Division of the Risk Management Department (RSM) is responsible for developing and leading all aspects of credit risk policies, parameters and procedures; reviewing credit and investment proposals submitted to the Department, assessing risk and supporting the internal credit approval process; participating in the project portfolio supervision process to validate risk rating assessments; and strengthening our capacity to identify and balance the credit risk present in its lending operations and treasury activities (including investments and financial derivatives portfolios).
The MCR Division works closely with Investment Officers and other internal clients to find opportunities to create valuable contributions beyond compliance and risk mitigation to help ensure developmental impact and sustainability.
What you’ll do:
- You will support the origination, execution, and monitoring of transactions in the different areas (financial institutions, investment fund, and structured finance) and provide independent technical risk assessments of IDB Invest’s transactions, identifying issues to be addressed by various business areas and offering potential solutions and alternatives.
- Perform the independent credit risk and/or investment assessment of sophisticated transactions. This includes reviewing and providing advice on financing structures, financial documents, consultant reports, financial models, and legal documentation to fully assess resulting credit and investment risk and possible mitigants to assigned transactions.
- Be part of multidisciplinary teams in the analysis of prospective transactions and make recommendations to mitigate the identified key credit risks, as part of the credit approval process.
- Review and ratify the internal credit risk ratings applicable to the transactions assigned, considering all dimensions involved, including borrower risks, transaction structure risks, and the macro/regulatory environment, as well as the envisioned probability of default, loss-given default, and expected recoveries.
- Review the portfolio of non-sovereign guaranteed operations and undertake periodic annual reviews.
- Prepare written credit risk assessments including a credit recommendation on the counterparty’s risk profile/rating in accordance with our credit policy and guidelines and documentation standards. Formulate well-reasoned recommendations and persuasively communicate recommendations at required committees and to senior management.
- Provide mentorship and advice to origination teams by applying best practices and lessons learned from experience with similar transactions.
- Review and evaluate waivers and amendments presented by the Portfolio Management and Origination Divisions.
- Work closely with the Special Assets Division on troubled debt restructurings to identify suitable debt restructuring strategies, steer jointly with that Division and other partners in the IDB Invest the recovery efforts, and propose loan provisions.
- Use analytical tools, risk management models, and methodologies to measure IDB Invest credit risk exposure for assigned projects and ensure that all transactions operate within clearly established limits.
What you’ll need
·Education: Master’s in business administration, Finance, Engineering, or other fields relevant to the responsibilities of the role.
·Experience: At least 4-6 years of progressive experience in a similar position. You will also possess confirmed analytical skills and experience in seeking innovative solutions.
·Languages: Proficiency in Spanish and English, spoken and written, is required. Additional knowledge of Portuguese is desirable.
·Mentor and develop
·Promote Diversity, Equity, Inclusion and Belonging
·Focus on clients
·Communicate and influence
·Innovate and try new things
Requirements
- Citizenship: You are either a citizen of Colombia, Peru, Ecuador, or a non-citizen eligible to acquire residency or authorization to work in the country in which you are to be assigned without the need for sponsorship by IDB Invest.
- 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.
- Type of contract and duration: National 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 that covers medical, dental, vision, preventive care, and prescription drugs.
· Pension plan: defined benefit pension plan that provides financial security and supports employees in planning for their future.
· Hybrid and flexible work schedules
· Health and wellbeing: Access to our Health Services Center which provides preventive care and health education for employees.
· Development support: We offer tools to boost your professional profile such as mentoring, 1:1 professional counseling, training, and learning opportunities, language classes, mobility options, among others.
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 [email protected] 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 Invest
IDB Invest, a member of the IDB Group, is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results and improve economic, social, and environmental development in the region. With a portfolio of $16.3 billion in asset management and 394 clients in 25 countries, IDB Invest provides innovative financial solutions and advisory services that meet the needs of its clients in a variety of industries.
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